WEMIX was founded in 2018 by WEMADE TREE(now Wemix PTE. LTD.), a subsidiary company of WEMADE, and began the journey with a solid vision to create a blockchain gaming platform servicing various games, connecting the in-game and the real world economy via tokenomics. In August of 2021, WEMADE launched the flagship title, MIR4, on the WEMIX platform, triggering an unprecedented paradigm shift in the gaming industry. MIR4 has achieved unequaled success only four months into launch with more than 1.4M concurrent users and 20M cumulative registered users from more than 170 countries worldwide. WEMIX has spearheaded the P2E market ever since. On October 20th 2022, WEMADE released WEMIX3.0, its own independent blockchain network, to further enhance the mega-ecosystem and establish WEMIX Coin as a key currency in the blockchain industry.

WEMIX is the native coin of the WEMIX mega-ecosystem, used as a medium of exchange and payment method for [gas fees](https://coinmarketcap.com/alexandria/glossary/gas). One WEMIX coin is [minted](https://coinmarketcap.com/alexandria/glossary/minting) per each subsequent [block](https://coinmarketcap.com/alexandria/glossary/block) created, and PMR (Permanent Minting Reward) is distributed respectively to NCP (50%), ecosystem fund (25%) and maintenance (25%).

WEMIX3.0 [mainnet](https://coinmarketcap.com/alexandria/glossary/mainnet) is an “experience-based, platform-driven & service-oriented decentralized blockchain protocol” which powers a “mega-ecosystem” of [web 3.0](https://coinmarketcap.com/alexandria/glossary/web-3-0) platforms. The mainnet is a high-performance [Ethereum Virtual Machine](https://coinmarketcap.com/alexandria/glossary/ethereum-virtual-machine-evm) (EVM) compatible [open-source](https://coinmarketcap.com/alexandria/glossary/open-source) protocol powered by the SPoA (Stake-based [Proof of Authority](https://coinmarketcap.com/alexandria/glossary/proof-of-authority-poa)) [consensus mechanism](https://coinmarketcap.com/alexandria/glossary/consensus-mechanism). The mainnet claims to offer the highest security possible, based on [decentralized](https://coinmarketcap.com/alexandria/glossary/decentralized) [on-chain](https://coinmarketcap.com/alexandria/glossary/on-chain) [governance](https://coinmarketcap.com/alexandria/glossary/governance) via 40 Node Council Partners(NCP), also known as 40 WONDERS, while still ensuring high [transaction per second](https://coinmarketcap.com/alexandria/glossary/transactions-per-second) (TPS). Consensus will evolve towards complete decentralization through a multi-phase democratized governance.

1) Q. What Is Ocean Protocol (OCEAN)? Ocean Protocol utilizes a combination of blockchain technology, decentralized networks, and cryptographic techniques to facilitate secure and privacy-preserving data sharing Our goal is to build the tools and services to facilitate a new Data Economy that gives data owners control while preserving privacy and helping to kickstart commercialization of data, including data marketplaces. Ocean Protocol was founded to build technology for a Data Economy at the intersection of blockchain, data, and AI. We have pioneered several technologies to push the envelope forward, including the original patent for NFTs, token engineering, data tokens, and others. Find more here - https://blog.oceanprotocol.com/mission-values-for-ocean-protocol-aba998e95b8 2) Q. Who Are the Founders of Ocean Protocol? Founders combine a deep background in big data, blockchain, artificial intelligence, and data exchanges, with real-world business experience as entrepreneurs, designers, and technologists. Also, We have over 35 advisors spanning the globe, with recognized expertise in AI, blockchain, big data, business, and policy. Advisors were carefully selected based on an alignment of values toward unlocking data and AI for society 3) Q. What Makes Ocean Protocol Unique? Ocean Protocol unlocks access to data that would previously be unavailable or challenging to access, by allowing anybody with sought-after datasets to tokenize their data and make it available on the Ocean Market. This produces an additional income stream for data publishers while giving scientists, researchers, data analysts and anybody else access to more reliable data. Ocean Protocol provides the tools needed for firms to build and launch their own data markets, by either directly forking the Ocean Protocol, or by using the supplied Ocean Protocol React hooks. It also provides extensive documentation to assist with this process. Holders of OCEAN tokens can lock their ocean tokens at df.oceandao.org and can earn VeOcean. After that, they can either earn passive rewards by holding their veocean or can earn active rewards by staking their veocean on potentially selling datasets and can earn rewards. More info at - https://docs.oceanprotocol.com/user-guides/data-farming 4) Q. How Many Ocean Protocol (OCEAN) Coins Are There in Circulation? As of October 2023, 100% of the OCEAN token supply will be minted with the proceeds being deposited into oceanDAO multisignature wallets with seven signees. The signees are made up of core Ocean team members, Ocean community members, and founders of other web3 projects, with the core team members being in the minority of signees. You will find the necessary details here - https://bit.ly/46DefQW

XRD is available on * [AscendEX](https://coinmarketcap.com/exchanges/ascendex/) * [Bitfinex](https://coinmarketcap.com/exchanges/bitfinex/) * [Bitmart](https://coinmarketcap.com/exchanges/bitmart/) * [Digifinex](https://coinmarketcap.com/exchanges/digifinex/) * [Gate.io](https://coinmarketcap.com/exchanges/gate-io/) * [LBank](https://coinmarketcap.com/exchanges/lbank/) * [MEXC](https://coinmarketcap.com/exchanges/mxc/) * [P2PB2B](https://coinmarketcap.com/exchanges/p2pb2b/) * [Vindax](https://coinmarketcap.com/exchanges/vindax/) * [WhiteBIT](https://coinmarketcap.com/exchanges/whitebit/) * [XT.com](https://coinmarketcap.com/exchanges/xt/)

Radix uses a unique BFT-style consensus algorithm called Cerberus. It took seven years of research, starting in 2013 and culminating in the Cerberus Whitepaper in 2020. In its final form, Cerberus represents a radically different paradigm in the design of decentralized Distributed Ledger Technology systems. It is the only protocol that is designed so that all transactions are atomically composed across shards. This is a critical feature if DeFi is to ever scale to billions of users. Cerberus is also supported by the Radix network's Delegated Proof of Stake (DPoS) system to protect against Sybil attacks. This is where holders of the XRD token can delegate stake to validator node-runners.

The RADIX token is the native token of the Radix Public Network, with ticker XRD.

Radix is unique across every level of its technology stack, providing: A unique asset-oriented programming language, Scrypto, that aims to substantially improve the Web3 and DeFi developer experience by providing assets (tokens) as a native first-class feature of the language. A unique virtual machine Radix Engine (the world’s first “DeFi Engine”) that promises to do for DeFi what game engines did for games development. A unique consensus algorithm, Cerberus, that “braids” consensus across a massive “shardspace”. With every transaction being cross-shard and atomic, this is what gives Cerberus its unique combination of atomic composability with linear scalability.

Dan Hughes, based in the UK, discovered Bitcoin in 2012. With his background in developing telecommunications technology, he could see the tremendous impact that blockchain could have on global finance and more. Having researched Bitcoin for a year, he started eMunie (later renamed Radix) on Bitcointalk in May 2013. For the next five years, Dan focused on solving the biggest problem of the day: scalability. He invented and tested multiple consensus architectures, including Blocktrees, Directed Acyclic Graphs (DAGs), Channelled Asynchronous State Trees (CAST), Tempo, and Cerberus. In 2017 Piers Ridyard joined as CEO, the project was renamed Radix, and funding was raised from Taavet Hinrikus the co-founder of TransferWise; and LocalGlobe, a leading European VC. The breakthrough of Cerberus in 2020 created the world's first cross-shard atomically composable consensus protocol - capable of providing unlimited linear scalability. 2020 also saw the launch of Radix Tokens (Jersey) Limited, the Jersey (Channels Islands) entity that issued XRD and holds the Radix Foundation treasury. The RTJL CEO is Andrew Jarrett. In July 2021 the first iteration of the Radix Public Network, “Olympia”, went live. The game changing DeFi development language, Scrypto, was released in early access form in December 2021. Radix’s “Babylon” mainnet upgrade went live on September 28 2023, bringing smart contracts written in Scrypto and the Radix Wallet to mainnet. Since then, the Radix ecosystem of dApps has continued to develop, offering innovative new Web3 and DeFi products.

Radix is a layer 1 smart contract platform built to create a Web3 future for everyone, not just the innovators here today. A future where our friends, family and colleagues can confidently participate. After 10 years of research, testing and development, Radix has built a highly optimized stack of custom technologies that tightly integrates wallet, programming language, execution environment, and consensus algorithm. Users, with the Radix Wallet, can confidently use Web3 and DeFi with human-readable transactions, transaction guarantees, native assets, and more. Developers, with Radix's Scrypto programming language, can build secure, production-ready dApps in a fraction of the time.

Astar (ASTR) can be purchased on [Binance](https://coinmarketcap.com/exchanges/binance/), [KuCoin](https://coinmarketcap.com/exchanges/kucoin/), [Kraken](https://coinmarketcap.com/exchanges/kraken/), [Gate.io](https://coinmarketcap.com/exchanges/gate-io/), [OKX](https://coinmarketcap.com/exchanges/okx/), [Huobi](https://coinmarketcap.com/exchanges/huobi/), [Crypto.com Exchange](https://coinmarketcap.com/exchanges/crypto-com-exchange/), [BKEX](https://coinmarketcap.com/exchanges/bkex/), [CoinEx](https://coinmarketcap.com/exchanges/coinex/), [MEXC](https://coinmarketcap.com/exchanges/mxc/), [Bitbank](https://coinmarketcap.com/exchanges/bitbank/), [WhiteBIT](https://coinmarketcap.com/exchanges/whitebit/), [XT.COM](https://coinmarketcap.com/exchanges/xt/), [BigONE](https://coinmarketcap.com/exchanges/bigone/), [BingX](https://coinmarketcap.com/exchanges/bingx/), [CoinW](https://coinmarketcap.com/exchanges/coinw/), [Hotbit](https://coinmarketcap.com/exchanges/hotbit/) and [ZT](https://coinmarketcap.com/exchanges/zt/). Want to keep track of ASTR prices live? Download the [CMC mobile app](https://coinmarketcap.com/mobile/).

ASTR was built using a nominated Proof-of-Stake (NPoS) consensus mechanism, and operates as a Polkadot Parachain. It therefore benefits from Polkadot’s scalability and security through Polkadot's segmented design and shared security umbrella.

The network's native token, ASTR, operates as a utility token, a governance token and a staking token. Users can use ASTR to pay transaction fees, participate in the governance of the platform (via voting on or proposing referenda), and stake tokens for consensus and receive rewards. It has a total supply of 7,000,000,000 $ASTR with a circulating supply of 4,487,130,325 $ASTR, as of April 2023. The distribution of tokens is as follows: 30% to users and early supporters; 5% to the team; 10% to foundation; 5% for marketing purposes; 10% to protocol developments and grant programs; 5% to the on-chain treasury (DAO); 10% to early financial backers; 20% to parachain auction; 5% to auctions reserve.

The goal of the Astar project is to become a full-scale multi-chain [smart contract](https://coinmarketcap.com/alexandria/glossary/smart-contract) platform that supports various [layer 2](https://coinmarketcap.com/alexandria/glossary/layer-2) solutions, blockchains and virtual machines. The network is built on Parity [Substrate](https://coinmarketcap.com/alexandria/glossary/substrate) - a [web 3.0](https://coinmarketcap.com/alexandria/glossary/web-3-0) blockchain-building platform. Networks like Astar that build on Substrate benefit from features like upgradable blockchains, modular architecture, customizable block execution logic, and hot-swappable consensus. In other words, it's a framework built specifically for quick and easy blockchain development. In addition to the Substrate modules, Astar offers features such as: Operator trading: a mechanism for buying and selling [dApps](https://coinmarketcap.com/alexandria/glossary/decentralized-applications-dapps) that allows you to tokenize smart contracts, transfer ownership to other users, or assign other users as operators. Multi-Lockdrop: a modified Lockdrop which lets you distribute tokens across a network. Participants lock tokens from other blockchains for a pre-set time period, and native tokens are distributed between token holders over time. This method encourages users to participate in the life of the network. DApps staking & dApp rewards: Astar’s monetization model centers on a reward system for dApp developers who contribute to the growth of the ecosystem and add value to Astar Network. There’s a division of the reward per block, where 50% of the reward is distributed among developers of [dApps](https://coinmarketcap.com/alexandria/glossary/decentralized-applications-dapps) (10% to nominators and 40% to operators aka smart contract administrators), and the other 50% is distributed among validators. This instrument encourages nominators to stake on smart contracts, which in turn increases the value of the ASTR token.

The Astar Network was founded in 2019 by [Sota Watanabe](https://www.linkedin.com/in/sota-watanabe-b962b3110/), a blockchain pioneer who featured in Forbes30 Under 30 Asia in 2022. He has a degree in economics from Keio University in Japan. Throughout his career Watanabe has worked as a marketing specialist at Chronicled, at an IT-company in San Francisco, and has founded several companies in addition to those listed above, including Next Web Capital, an investment firm that supports entrepreneurs and their crypto startups. The Astar Network was known as Plasm Network until 2021, at which point it rebranded to Astar and then launched as a multi-chain smart contract platform on Polkadot in January 2022. Astar was developed by Stake Technologies, which is headquartered in Singapore and operates from Japan. Soto Watanabe, Astar’s founder, is also CEO of Stake Technologies.

Astar Network helps developers build decentralized applications ([dApps](https://coinmarketcap.com/alexandria/glossary/decentralized-applications-dapps)) and [layer 2](https://coinmarketcap.com/alexandria/glossary/layer-2) solutions by providing interoperable [web 3.0](https://coinmarketcap.com/alexandria/glossary/web-3-0) infrastructure, financial incentives, incubation programmes and technical support. It seeks to provide the best solution for all developers by supporting EVM and making a parachain where EVM and WASM smart contracts can co-exist and communicate with each other. Astar connects the [Polkadot](https://coinmarketcap.com/currencies/polkadot-new/) ecosystem with [layer 1 blockchains](https://coinmarketcap.com/alexandria/glossary/layer-1-blockchain) like [Ethereum](https://coinmarketcap.com/currencies/ethereum/) and [Cosmos](https://coinmarketcap.com/currencies/cosmos/). It's a Polkadot Parachain, and was designed as a multi-chain Polkadot dApp hub with support for [DeFi](https://coinmarketcap.com/alexandria/glossary/defi), [NFTs](https://coinmarketcap.com/alexandria/glossary/non-fungible-token), [DAOs](https://coinmarketcap.com/alexandria/glossary/decentralized-autonomous-organizations-dao), where developers can move beyond infrastructure and focus more on application development. The project, which is backed by Binance Labs and Coinbase Ventures, operates on two layers: the first layer is built on the [Substrate](https://coinmarketcap.com/alexandria/glossary/substrate) framework, and the second is built using OVM or Optimistic Virtual Machine, for scalability.

Manta Network is the modular ecosystem for web3. Users can build and deploy any Solidity-based decentralized applications on Manta and leverage its technology stack to deliver faster transaction speeds than an L1 and lower gas cost than an L2.

Several centralized exchanges committed to trading the new LUNA token, such as [Huobi](https://coinmarketcap.com/exchanges/huobi-global/), [Bitrue](https://coinmarketcap.com/exchanges/bitrue/), [Bitfinex](https://coinmarketcap.com/exchanges/bitfinex/), [KuCoin](https://coinmarketcap.com/exchanges/kucoin/), [Gate.io](https://coinmarketcap.com/exchanges/gate-io/), [Bybit](https://coinmarketcap.com/exchanges/bybit/) and [LBank](https://coinmarketcap.com/exchanges/lbank/). Others are expected to follow soon. Are you interested in buying LUNA or other cryptocurrencies such as Bitcoin? CoinMarketCap has an educational section — [Alexandria](https://coinmarketcap.com/alexandria/) — to teach you all about crypto and how to buy your first coins.

The Terra blockchain is secured using a [proof-of-stake](https://coinmarketcap.com/alexandria/article/proof-of-work-vs-proof-of-stake) [consensus](https://coinmarketcap.com/alexandria/glossary/consensus) algorithm based on Tendermint, in which LUNA token holders [stake](https://coinmarketcap.com/alexandria/glossary/staking) their tokens as collateral to validate transactions, receiving rewards in proportion to the amount of LUNA staked. Terra will incentivize network security by providing staking rewards of 7% annual inflation. This is to align the interest of validators with the long-term success of the Terra ecosystem.

Terra (LUNA) has a supply of 1 billion tokens. It will be distributed as follows: * Developer mining program: 8% * Essential app developers earn a share of the mining program proceeds pro-rata to the amount of TVL every quarter for 4 years. * Developer alignment program: 1.5% * Protocol teams that were live in Terra Classic divide this allocation weighted by the last 30 day TVL from Pre-attack snapshot - 1 year cliff, 3 year vesting thereafter. Accommodations will be made for apps where TVL is not applicable. * Emergency allocation to app developers: 0.5% * Immediately after network launch to provide for runway while they build out product. Commit to returning funds if product has not been launched in 1 year. * Community pool: 20% * Controlled by staked governance * Pre-attack LUNA holders: 35% * All bonded / unbonding Luna, minus TFL at “Pre-attack” snapshot; staking derivatives included * For wallets with < 10k Luna: 30% unlocked at genesis; 70% vested over 2 years with 6mnth cliff * For wallets with < 1M Luna: 1 year cliff, 2 year vesting thereafter * For wallets with > 1M Luna: 1 year cliff, 4 year vesting thereafter * Pre-attack aUST holders: 10% * 500K whale cap - covers up to 99.7% of all holders but only 26.72% of aUST * 30% unlocked at genesis; 70% vested over 2 years thereafter with 6 month cliff * Post-attack LUNA holders: 10% * Staking derivatives included * 30% unlocked at genesis; 70% vested over 2 years thereafter with 6 month cliff * Post-attack UST holders: 15% * 30% unlocked at genesis; 70% vested over 2 years thereafter with 6 month cliff Definitions: * “Pre-attack” snapshot to be taken at at Terra Classic block 7544910 (2022.05.07 22:59:37+08:00) * “Post-attack” snapshot to be taken at Terra Classic block 7790000 (2022.05.27 00:38:08+08:00) All tokens locked or vesting are staked at genesis, and must be unbonded to become liquid. Furthermore, Terra[ committed to burning the remaining 1B UST](https://agora.terra.money/t/burn-the-remaining-ust-in-the-community-pool-cross-chain-liquidity-incentive-ust/6837) from the community pool to reduce the outstanding debt from the Terra ecosystem. The LUNA airdrop will happen on May 28, 2022, at 06:00 GMT.

Terra will continue without its algorithmic stablecoin UST and aims to preserve the Terra ecosystem with hundreds of developers working on different decentralized applications. The LUNA token will be airdropped across Luna Classic stakers, holders, residual UST holders and essential Terra Classic app developers. Terra removed the wallet of Terra Foundation Labs for the airdrop event, making Terra a fully community-owned chain. The airdrop will be carried out according to two snapshots taken, one before the Terra Classic crash (May 7) and one after it (May 27). The eligibility for the airdrop is as follows:

Terra was founded in January 2018 by Daniel Shin and Do Kwon. The two [conceived](https://medium.com/kucoinexchange/kucoin-ama-series-terra-luna-full-transcript-a3019e664195) of the project as a way to drive the rapid adoption of blockchain technology and [cryptocurrency](https://coinmarketcap.com/alexandria/article/what-are-cryptocurrencies) through a focus on price stability and usability. Kwon took on the position of CEO of Terraform Labs, the company behind Terra. Prior to developing Terra, Shin [co-founded](https://www.inc.com/magazine/201112/the-returnees.html) and headed Ticket Monster, otherwise known as TMON — a major South Korean e-commerce platform. He later [co-founded](https://www.koreatimes.co.kr/www/tech/2020/03/133_162546.html) Fast Track Asia, a startup incubator working with entrepreneurs to build fully functional companies. Kwon previously founded and served as CEO of Anyfi, a startup providing decentralized wireless mesh networking solutions. He has also worked as a software engineer for Microsoft and Apple. After the collapse of Terra Classic, Do Kwon issued a [revival plan](https://coinmarketcap.com/alexandria/article/crypto-news-may-16-do-kwon-s-revival-plan-doesn-t-impress-lfg-wallet-out-of-btc) that eventually led to the hard fork of Terra Classic and Terra. He [received criticism for his plans from Binance founder Changpeng Zhao and Vitalik Buterin](https://coinmarketcap.com/alexandria/article/do-kwon-publishes-revival-plan-for-luna-buterin-and-cz-skeptical), as well as from [disgruntled UST investors](https://coinmarketcap.com/alexandria/article/terra-s-blockchain-to-be-revived-but-some-investors-are-furious-with-do-kwon). His [proposal](https://agora.terra.money/t/terra-ecosystem-revival-plan-2-passed-gov/18498) was voted into effect by the community and Terra Classic hard forked into its new Terra blockchain on May 27, 2022.

[Terra (LUNA)](https://coinmarketcap.com/currencies/terra-luna-v2/) is a public [blockchain](https://coinmarketcap.com/alexandria/glossary/blockchain) protocol that emerged from [Terra Classic](https://coinmarketcap.com/currencies/terra-luna/). Terra Classic is home to the [algorithmic stablecoin](https://coinmarketcap.com/alexandria/glossary/algorithmic-stablecoin) [TerraClassicUSD (UST)](https://coinmarketcap.com/currencies/terrausd/). It's now-renamed LUNC token collateralized UST, which crashed in a bank run in May 2022. That devalued LUNA to virtually zero and caused a launch of a new chain — resulting in Terra Classic and Terra. [Read a full breakdown of the Terra crash here](https://coinmarketcap.com/alexandria/article/are-algorithmic-stablecoins-dead-already-a-full-breakdown-of-the-terra-crash). The development of Terra Classic launched in January 2018 and the blockchain launched in April 2019. It attempted to [combine](https://terra.money/Terra_White_paper.pdf) the price stability and wide adoption of fiat currencies with the censorship-resistance of [Bitcoin](https://coinmarketcap.com/currencies/bitcoin) (BTC) and offer fast and affordable settlements through its UST stablecoin. Terra Classic [offered](https://medium.com/terra-money/announcing-terrausd-ust-the-interchain-stablecoin-53eab0f8f0ac) stablecoins pegged to the U.S. dollar, South Korean won, Mongolian tugrik, and the International Monetary Fund's Special Drawing Rights basket of currencies. The new Terra blockchain continues the legacy of Terra Classic without the UST stablecoin. It will keep building with the help of the LUNA community dubbed “LUNAtics” and evolve the world-class UX and UI that brought Terra Classic up to second place in total value locked ([TVL](https://coinmarketcap.com/alexandria/glossary/total-value-locked-tvl)) at its peak. Many [DApps](https://coinmarketcap.com/alexandria/glossary/decentralized-applications-dapps) have agreed to migrate to Terra to continue their functionality.

Nexo was among the pioneering operators in the digital asset space to implement a [real-time attestation](https://trustreserve.co/nexo), showcasing that the company’s assets exceed liabilities at all times. The company has a solid track record of never having lost even a dollar in client funds since it began operations in 2018. For custodial functions, Nexo has engaged with renowned industry veterans among which Ledger and Bakkt. In November 2019, Nexo received its ISO/IEC 27001:2013 certification. Platform security is further enhanced by industry-standard features including 2FA account login with biometric data, SSL secure connection and 24/7 customer support team. The company display’s [over 50 licenses and registrations](https://nexo.com/licenses-and-registrations) with regulators. The company operates a strict, non-negotiable, over-collateralized policy with prudent risk management practices on lending activities to protect its clients and promote a [sustainable business model](https://nexo.com/security).

Starting out in 2018 as an over-collateralized lending platform, Nexo has branched out services in various digital asset verticals to develop an all-in-one, 360-degree product suite for crypto management. Nexo’s [Instant Crypto Credit Lines](https://nexo.com/borrow) offer flexibility and ease-of-use when cryptocurrency holders need extra funds. The company’s fully automated lending solution allows customers to instantly obtain loans in over 40 fiat currencies or stablecoins by providing digital assets as collateral to secure the loan, where over 60 supported cryptocurrencies are available as collateral. The platform also offers daily payouts, compounding interest and flexible yields on its [Earn Interest](https://nexo.com/earn-crypto) product with a zero-fee policy on deposits, withdrawals and top ups. Nexo also provides the ability to “Swap while You Earn”, where cryptocurrencies earning interest can be swapped for higher-performing assets. Nexo Pro is the company’s trading platform that offers access to over 400 market pairs to both beginners and experienced traders. The platform allows both spot and futures trading with market, limit, stop-loss, take-profit, trailing and TWAP orders. Traders can also apply up to 20x leverage when margin trading. Nexo Pro utilizes Smart Order Routing to provide deep liquidity from 10 of the leading exchanges on available market pairs. The Nexo Card, launched in partnership with Mastercard, is touted as the [world’s first crypto-backed credit card](https://www.reuters.com/technology/nexo-mastercard-launch-world-first-crypto-backed-payment-card-2022-04-13/), enabling clients to spend the fiat value of their cryptocurrency holdings, without selling them. Developed with institutional interest in mind, [Nexo Prime](https://nexo.com/prime) is the proprietary prime brokerage of Nexo. Nexo Prime delivers institutional, corporate, and high-net worth investors all the tools necessary to trade, borrow, lend, and securely store their digital assets in a single platform. Nexo’s products have won various industry awards, including the Forbes Business Awards, [PAY360 Awards](https://nexo.com/media-center/nexo-wins-best-use-of-crypto-and-or-blockchain-in-financial-services-at-2022-pay360-awards) and [FinTech Breakthrough Awards](https://nexo.com/media-center/nexo-named-best-cryptocurrency-wallet-in-fintech-breakthrough-awards-for-new-non-custodial-wallet). The company celebrates its 5th anniversary in April 2023, as one of the leading retail and institutional lenders in the digital assets space.

The NEXO Token can be bought on leading centralized and decentralized exchanges including [Nexo Exchange](https://nexo.com/exchange), [Binance](https://www.binance.com/en), [Bitstamp](https://www.bitstamp.net/), [Huobi](https://www.huobi.com/en-us/), [Bitfinex](https://www.bitfinex.com/), [Gate.io](https://www.gate.io/), [Bitget](https://www.bitget.com/en/), [MEXC Global](https://www.mexc.com/), [UniSwap](https://uniswap.org/). NEXO can also be traded on the open market through leading exchanges.

Nexo was founded by a team of experienced finance professionals, namely, Kosta Kantchev (Co-Founder & Executive Chairman), [Antoni Trenchev](https://www.antonitrenchev.com/) (Co-Founder & Managing Partner) and Kalin Metodiev, CFA (Co-Founder and Managing Partner). The company was established in late 2018, following a private token sale, raising $52.5 million. Trenchev in specific, is a frequent guest in some of the most popular fintech and cryptocurrency news outlets, including [Bloomberg](https://www.bloomberg.com/news/videos/2022-09-15/too-soon-to-write-off-bitcoin-says-nexo-s-trenchev), [CNBC](https://www.cnbc.com/video/2022/08/23/nexo-ether-set-to-outperform-bitcoin.html) and [Yahoo Finance](https://finance.yahoo.com/video/seeing-flight-bitcoin-ethereum-following-154101226.html).

Nexo has a fixed supply of 1 billion tokens, with 560,000,011 NEXO currently in circulation.

Nexo is the world’s leading digital assets institution. The company’s mission is to maximize the value and utility of digital assets by offering a comprehensive suite of products that include advanced trading solutions for retail and institutional clients, aggregation of liquidity from leading venues, and tax-efficient asset-backed credit lines. In early 2022, the enterprise launched its investment arm [Nexo Ventures](https://nexo.com/ventures), which now boasts over 60 portfolio companies. Nexo has processed $130+ billion for 5,000,000+ satisfied users across more than 200 jurisdictions. The NEXO Token is the platform’s native currency, an ERC-20, Ethereum-based token, that grants holders access to tiers in Nexo’s [Loyalty Program](https://nexo.com/token). The token, which is traded on the open market, brings a number of advantages, including preferential borrowing rates, cash-back, free withdrawals and better yield rates.

ZRX is currently available to trade on well over 200 different exchange platforms, but the most popular ones include [Coinbase Pro](https://coinmarketcap.com/exchanges/coinbase-pro/), [Binance](https://coinmarketcap.com/exchanges/binance/) and [BitMax](https://coinmarketcap.com/exchanges/bitmax/). It can currently be traded against a range of other cryptocurrencies, including Bitcoin (BTC), Tether (USDT) and Ethereum (ETH), as well as several fiat currencies, including U.S. dollars (USD), euros (EUR) and South Korean won (KRW). Looking to convert your fiat to crypto? [Find out how](https://coinmarketcap.com/how-to-buy-bitcoin/).