New year, new tokens: meet the newest members of the Wirex family
We’re kicking off the new year in style - seven brand-new cryptocurrencies have just landed in the Wirex app! Give a warm welcome to GLM, IOST, SNT, GRT, QNT, SAND and MANA.
These tokens are now available to buy and exchange in the Wirex app at exclusive OTC rates. Plus, if you buy at least €/US$50 worth of any of these seven tokens, you’ll receive €/US$5 in WXT on us!*
Ready to expand your portfolio?
Introducing you to...
Golem (GLM) powers the Golem Network, a protocol that lets users loan their computer’s spare processing power. It allows developers to create projects efficiently and without constraints, while compensating those who provide their unused computing capacity in GLM tokens.
IOSToken (IOST) is the ‘fuel’ of the IOST platform, an ultra-fast, scalable blockchain network which aims to be the underlying architecture of future online services. IOST tokens serve as a medium of exchange for all transactions and commission fees across the network.
Status Network Token (SNT)
The Status Network Token (SNT) underpins the Status Network, a p2p messaging app that lets you anonymously send and receive messages and cryptocurrency. It also supports dapps built on Ethereum, and it incentivises participation in the network by using SNT as a reward.
Graph Token (GRT)
The Graph Token (GRT) is the native token of the indexing protocol for organising blockchain data, The Graph Network. The protocol indexes blockchain data from various networks, groups it and makes it available for anyone to access or query. GRT must be staked by Indexers in order for them to perform their duty and be rewarded.
Quant (QNT) is the utility token for the Quant Network. The network’s flagship product is the Overledger API, which simplifies the complexity of blockchains by allowing a single interface to interact with multiple chains, including Bitcoin, Ethereum and Ripple. QNT can be used as a method of payment for network resources and can be staked for higher priority in the transaction order.
The Sandbox (SAND)
The Sandbox (SAND) is a token used throughout The Sandbox ecosystem. The innovative ‘play-to-earn’ gaming platform, The Sandbox, is a blockchain-based virtual metaverse which lets players create their own games and digital assets that can be monetised as NFTs. Players must own SAND to play the game, customise their avatars or trade assets.
Decentraland (MANA) is a cryptocurrency which is designed to be used on the Decentraland virtual reality platform. MANA can be used to pay for virtual plots of land (known as LAND), goods and services. The owner of each plot of LAND can choose what they publish on it - it could be anything from a static scene to an interactive game.
*Ends 16 January 2022. Subject to Terms and Conditions