Boerse Stuttgart’s crypto app BISON adds AAVE, ALGO, MANA, DOGE, MATIC, SAND, SHIB

BISON, the crypto trading platform powered by Boerse Stuttgart Group, has expanded its digital asset portfolio by including seven new coins: Aave (AAVE), Algorand (ALGO), Decentraland (MANA), Dogecoin (DOGE), Polygon (MATIC), Sandbox (SAND), and Shiba Inu (SHIB).

Alongside the ten coins already established on BISON (Bitcoin, Bitcoin Cash, Cardano, Chainlink, Ethereum, Litecoin, Polkadot, Ripple, Solana, and Uniswap), users can trade the 7 new cryptocurrencies without any fees.

BISON features insurance, 1:1 holdings, limit orders, 0.75% spread

At the helm of the BISON app project is Ulli Spankowski, Chief Digital Officer of Boerse Stuttgart Group and CEO of BISON. The app ensures customers’ assets are held 1:1 on a fiduciary basis at blocknox GmbH in Germany, a regulated subsidiary of Boerse Stuttgart Group.

Launched at the beginning of 2019, the BISON platform offers, among other things, a comprehensive security concept including insurance against hacker attacks, theft, and technical loss.

BISON’s already over 700,000 active users are offered a variety of useful features, including limit orders, where users can set a price to buy or sell a particular cryptocurrency.

BISON makes its profit from the spreads between the buying and selling prices displayed, which typically amounts to 0.75 percent per transaction. Users are not charged any other costs or fees, such as those for custody or the deposit and withdrawal of cryptocurrencies. Boerse Stuttgart Group’s crypto platform also offers its already

Ulli Spankowski, CEO of BISON, commented: “We’re constantly and carefully refining our product range and expanding our portfolio. With these new coins, we now cover both established altcoins as well as young, promising technologies and, as usual, continue to offer our customers a safe, reliable environment to trade and store their cryptocurrencies.

A quick look at AAVE, MANA, DOGE, MATIC, SAND, and SHIB

Aave (AAVE): This is one of the most well-known DeFi protocols developed through decentralized governance (DAO). AAVE is the Aaave protocol’s governance token and was originally called ETHLEND. It is a decentralized lending platform and one of the most important liquidity protocols in the DeFi world. Aave enables people to lend cryptocurrencies: Among other things, Aave users can deposit digital assets without a central party to receive interest.

Algorand (ALGO): This is a decentralized and scalable open source blockchain project. The Algorand network is based on a pure proof-of-stake (Pure PoS) consensus mechanism and aims to operate the first blockchain with a negative carbon footprint.
Decentraland (MANA): A virtual reality (VR) game serves as the basis for this cryptocurrency. It runs on the Ethereum blockchain and has become the currency used for all games in Decentraland. Players can use MANA to buy goods and services on the Decentraland marketplace, as well as create their own content on the platform.

Dogecoin (DOGE): This is one of the most popular altcoins. It’s an open source and peer-to-peer digital currency inspired by the “DOGE” meme that went viral back in 2013. Dogecoin is primarily used for tipping on Reddit and Twitter to reward exceptional content on social media.

Polygon (MATIC): Originally developed in 2017 as “Matic Network” in an effort to improve the Ethereum infrastructure, this network ended up rebranding as “Polygon”. The aim behind Polygon is to mitigate high gas fees and slow block confirmations, making crypto more accessible to a broader market. Polygon is often used in the development of dApps.

The Sandbox (SAND): This technology aims to bring blockchains into mainstream gaming. SAND is an Ethereum-based “utility token”. In the Sandbox environment, it’s the only valid cryptocurrency. Within this project, users can easily buy, sell, create, and develop digital assets, and thereby contribute content to the Metaverse. SAND owners are also part of the decentralized governance (DAO) that promotes future product developments.

Shiba Inu (SHIB): This is an alternative to Dogecoin that’s also based on a dog, but runs on the Ethereum blockchain. SHIB is an ERC20 token and 50% of its total supply has already been burned to promote its stability.