We have just launched two exciting new assets on the eToro platform — Maker (MKR) and Enjin (ENJ)!
The two Ethereum-based cryptocurrencies have some promising use cases. Brush up on their functionality and head over to eToro to invest!
Online lending is great and all, except for those pesky credit inquiries that can lower your score. Maker set out to solve that issue by creating a platform where users can lend and borrow crypto with zero credit checks. Maker is actually the original DAO (decentralized autonomous organization) built on Ethereum, utilizing an assortment of smart contracts to eliminate the need for third parties. In addition to the protocol’s stablecoin, DAI, MKR is the main utility and governance token for Maker.
Launched all the way back in 2009, Enjin uses the power of blockchain technology to create advanced virtual economies. Enjin is primarily focused on the gaming industry, allowing developers to mint non-fungible tokens (NFTs) for different game ecosystems. While NFTs have become popular as of late in the digital collectible space, they function in the gaming world as a means to reduce high fees and fraud, which have plagued virtual in-game transactions for a while. ENJ is a crypto coin that’s used to back the value of NFTs on the Enjin platform.
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