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The Voyager Token (VGX) is available through Coinbase.com and in the Coinbase Android and iOS apps from today. The announcement noted that Coinbase customers are now able to trade, send, receive or store VGX “in most regions supported by Coinbase, with some exceptions noted in each asset page here. “. Trading in these assets is also “supported on Coinbase Pro,” the update confirmed.
As mentioned in a blog post, one of the most common requests the digital asset company receives from customers is to be able to buy and sell more digital currencies on Coinbase.
Voyager Token (VGX) is an Ethereum token that is used to “reward and incentivize the use of the Voyager centralized exchange,” the update explained while noting that on Voyager, VGX holders “can earn staking rewards. , receive cashback on transactions, and more â.
Coinbase had announced an asset listing process, “designed in part to speed up the addition of more cryptocurrencies.” The exchange further noted that they are investing in new tools to “help people understand and explore cryptocurrencies.” They launched asset information pages (see VGX), as well as a new section of the Coinbase website to answer various questions about cryptoassets, the company added.
Coinbase customers can trade, send, receive or store ALCX, ENS, GALA, GYEN and POWR “in most regions supported by Coinbase,” the update says.
As of November 16, 2021, Alchemix (ALCX), Ethereum Name Service (ENS), Gala (GALA), GYEN (GYEN) and Power Ledger (POWR) are also “available on Coinbase.com and in the Coinbase Android and iOS apps. . “
Alchemix (ALCX) is an Ethereum token that âgoverns Alchemix Finance, a protocol that allows users to open collateral-backed loans that are repaid automatically using the yield generated by the collateral. ALCX can be used to propose and vote for protocol changes.
Ethereum Name Service (ENS) is an Ethereum token that “governs the Ethereum Name Service, a protocol for human-readable cryptographic addresses and decentralized domain names.” The ENS will be used to âpropose and vote on modifications to the protocolâ.
Gala (GALA) is an Ethereum token that âpowers Gala Games, a blockchain games platform. GALA is used as a means of exchange between participants in the Gala Games. For example, it can be “used to pay for in-game items”. GYEN (GYEN) is an Ethereum-based stablecoin which is “intended to maintain the value of one Japanese yen”. The company behind GYEN, GMO-Z.com Trust Company, “claims to have reserves that fully support every GYEN.”
Power Ledger (POWR) is an Ethereum token that “powers the Powerledger platform, which aims to enable peer-to-peer energy trading.” POWR is “required to participate in Powerledger and help secure its various products, including energy trading, clean energy tracking and auditing.”
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