#CryptoListingFestival Day 2 | Amp(AMP), DREP & DigiByte(DGB)

INTRODUCTION

With the year 2022 coming to an end, CoinDCX has come up with an exciting week full of surprises! Starting from December 9, 2022, to December 15, 2022, we will be listing 3 new tokens every day! A total of 21 tokens will be going live on your beloved CoinDCX App starting this week!

Here are the 3 new coins listings for today!

Read more: Crypto Listing Festival Day 1

AMP

Amp (AMP) is essentially a form of a digitized collateral which can act as a clearing layer and asset token that allows for instant settlement of transactions in a real-world application. It has smart contract capabilities designed specifically for this collateral concept – through this Amp seeks to assist in providing a decentralised solution to mitigating counterparty risk in a transaction for the user. According to the whitepaper, Amp’s crypto AMP is an Ethereum token (ERC-20) that aims to “collateralize payments on the Flexa Network, making them instant and secure.”

Unique features of AMP:

• This is a project that is trying to build a decentralized system of instantaneous settlement of transactions.
• It essentially wants to become a global settlement layer for real world payment applications by using the concept of collateral.
• AMP, it is the primary collateral token that aims to secure retail payments on the Flexa network, a digital payment platform.
• Additionally, the native token – AMP is an Ethereum-based token that adheres to the ERC-20 standard.
• Its unique functionality appeals to three categories of services in the real world the likes of:
  • Payment networks
  • Individual users
  • DeFi platforms

DREP

DREP well known as a blockchain connector and a toolkit features that supports quick, one-click deployment of decentralized applications on different public chains. The project is aimed to build these blockchain technology based ‘connectors’ and ‘toolkits’ that will enable creation of solutions that combine ease of use, flexibility and frictionless integration.

The main objectives of the project is essentially to work on three major issues. Firstly, it wants to improve on inadequate public chain performance and poor developer experience. Secondly, it wants to tackle segregated public chain ecosystems and thirdly resolve the mismatch between blockchain technology and enterprise needs.

Unique features of DREP:

• DREP chain is based on an improved version of the PBFT or the Practical Byzantine Fault Tolerant consensus mechanism and the delegated proof-of-stake (DPOS) consensus mechanism.
• The project supports quick one-click deployment of dApps on various public chains.
• This system is compatible with smart contracts in the Ethereum Virtual Machine (EVM) and WebAssembly formats, thus has large scale usability.

DigiByte

DigiByte is a new kind of permissionless blockchain network that can store digital assets, execute smart contracts, run decentralized applications (dApps) and even provide secure authentication services. Pretty much like any other typical blockchain network, DigiByte is an immutable ledger that is made up of blocks with digital signatures that can be verified.

According to the network’s whitepaper, the blockchain network puts a lot of emphasis on scalability, security and speed of transactions. It was launched back in January 2014, when its genesis block was mined, and it was built as a fork of Bitcoin itself. Thus, it is a proof-of-work network that uses five different algorithms to improve security, and at the same time deliver higher speeds and capacities.

Unique features of DGB:

• DGB is one of the oldest surviving cryptos in this list; work began on the project back in 2013 and it was eventually launched in early January 2014.
• DigiByte was built as a fork of Bitcoin and now uses 5 different algorithms to improve security of the network.

Read more: What is Digitbyte?

CONCLUSION

The CoinDCX Listing Festival went live yesterday, on 9 December but don’t be disheartened! You’ve still got time to participate in this and win token rewards! The #CoinDCXListingFestival will continue till IST 11.59 PM on 15th December 2022.

Follow our official Twitter & Instagram channels closely to find and participate in our activities, every day, and win the rewards by simply following the rules of the Contest – Like, Retweet, Comment using #CoinDCXListingFestival and tag two friends on the Contest posts mentioned on our page.

50  Winners will stand a  chance to win token rewards worth INR 700 each!

For more details, click here.