News

Abra Trade Adds Support For BNT and IOTX

Abra Trade has added support for Bancor (BNT) and IoTeX (IOTX). BNT is supported both US and internationally. IOTX is supported internationally only at this time.

Users can now deposit these cryptocurrencies in their Abra wallets and trade them via Abra Trade alongside 100+ additional cryptocurrencies.

New Listings Overview

Bancor (BNT)

Bancor is a decentralized exchange protocol that consists of a series of smart contracts that manage the on-chain conversion of tokens. Bancor’s smart contracts manage the liquidity pools that connect various tokens available in the network. Bancor is used for the seamless conversion of ERC-20 tokens and EOS tokens. BNT, the protocol’s native token, is the default for all smart tokens created on the network.  The protocol’s main objective for creating smart tokens is to provide a lasting solution to liquidity problems.

IoTeX (IOTX)

IoTeX has built a decentralized platform whose aim is to empower the open economics for machines — an open ecosystem where people and machines can interact with guaranteed trust, free will, and under properly designed economic incentives. IOTX is the native coin that governs the underlying blockchain protocol. It is used as gas to pay for network fees on the IoTeX blockchain. IOTX also powers smart contracts and allows anybody to become a stakeholder in the IoTeX network.