New Delhi: CoinSwitch Kuber, India’s largest crypto company in terms of users, has added new crypto assets in the month of December for investors.
Decentraland (MANA), The Sandbox (SAND), Gala (GALA), Request (REQ), Coti (COTI) are the assets that are included on the platform. The crypto unicorn has initiated various education initiatives to inform and educate investors as part of this asset listing process.
Users can choose from over 80 coins, including Bitcoin, Ethereum, Dogecoin. The company started its India operations in June 2020 to make crypto investing as easy as ordering food online.
“In our continued efforts to make money equal for all, we have just finished adding five new assets following rigorous scrutinisation. As crypto adoption continues to grow in India, our education initiatives, including Kuberverse, aim to help crypto enthusiasts make an informed investment decision,” said Ashish Singhal, founder and CEO, CoinSwitch Kuber.
Investors though should do their own research before making investing decisions. Here are a few things you must know about these newly listed popular assets:
Decentraland (MANA)
Synonymous with a virtual reality marketplace Decentraland, MANA is an ERC-20 token used to pay for NFTs, exclusive names, avatars, wearables, and everything else available on this Metaverse. MANA moved from the lows of $0.8616 (Rs 65.42) on September 15 to the highs of $5.48 on November 25, thereby gaining almost 540 per cent.
The Sandbox (SAND)
It is the gamer token. SAND is the native token of the decentralised gaming community Sandbox and facilitates the platforms’ Play-to-Earn’ model. Stoked by the Metaverse hype, SAND moved up by almost 940 per cent.
Gala (GALA)
As a utility token relevant to Gala Games, a decentralised gaming community, GALA lets players control the games and in-game assets, influence decisions, and even trade-in NFTs. GALA has moved up quite a bit over the past few months.
Request (REQ)
Relevant to the decentralised payment ecosystem — the Request Network, REQ token aims to make the global payment scenario more secure, trackable, and accountable. After translating gains of almost 240 per cent, REQ is currently trading a notch lower.
Coti (COTI)
COTI, an enterprise-grade fintech platform, has made giant price-specific strides. Prices have nosedived a bit as COTI is currently trading at close to the lows of September.
