Changelly adds Eureka Coin (ERK) to its catalog of 160+ assets
Changelly has listed Eureka Coin (ERK), thus expanding its already vast catalog of 160+ cryptocurrencies available for fast exchanges and fiat purchases.
Launched in 2019, ERK was created to solve existing industry problems, most notably, the inflation and speculation issues that plague many other cryptocurrencies. ERK is the native coin of the Eureka Network Proof of Stake blockchain, and stakers are rewarded with ERK for blockchain transaction verification as new blocks are created. Buyback and burn from company profits, as well as 10% of all transaction fees, mean a continually decreasing supply.
Eureka Coin announced big plans for 2020-2021, as they are developing partnerships for the launch of their prepaid debit cards along with an update to the Eureka Network. The latter will allow users to build their own decentralized projects on this blockchain. The company has high ambitions and the means to realize them, so it would be wise to keep an eye on them and their future development.
The listing on Changelly will give both the coin and its users more exciting opportunities. The latter will gain access to fast and reliable swaps to and from the 160+ cryptocurrencies already listed on the platform, as well as ERK purchases for USD, EUR or GBP. Additionally, on Changelly users will be able to exchange ERK at a fixed rate, a useful feature in times of volatility. On the other hand, the token itself will gain greater liquidity as well as exposure to a wider audience in the face of Changelly’s existing user base or new fans who may be tempted to try out the coin now that it is more easily available.
Changelly CEO Eric Benz gave a warm welcome to Eureka Coin, noting the high speed of the token’s development. He stated:
“Lately, I’ve been watching the development of Eureka, and so far, they’ve managed to achieve impressive results. With Changelly’s liquidity and user base, they can reach even better results, as long as they keep up the effort.”
This sentiment was shared by the founder and CEO of Eureka, Darren Bradbury. He emphasized the awareness that this listing will bring to ERK:
“We are really happy to list Eureka Coin on Changelly and enhance the awareness of our powerful Proof of Stake Blockchain Eureka Network. The whole Eureka ecosystem is growing rapidly and we welcome all Changelly members to join us.”
Eureka Network was founded in 2019. It aims to both fix the scalability issues with its Proof of Stake protocol and to provide a platform for the development of decentralized ecosystems based on its blockchain. In order to do that, they’ve launched multiple projects, including Eureka Coin.
Eureka Coin (ERK) is the native coin of the Eureka blockchain, itself a hard fork and upgrade of Qtum. It is a deflationary asset as only 150 million ERK was created, and the parent company, Polaris Universal, who has multiple businesses and projects, will buy back and burn Eureka Coin until only 10 million remains. Already over 45 million ERK has been burned, with around 65 million still left in circulating supply. Additionally, 10% of all transaction fees on the Eureka Blockchain also go to buy back and burn. The more it is used, the more scarce ERK becomes, driving prices up.
The EurekaX is a rapidly growing exchange that features multiple order books from top exchanges.The linking of order books enables users to trade in major exchanges while only needing to keep balances in one.
Changelly is a non-custodial instant cryptocurrency exchange, which means that no user funds are held by the service. Changelly acts as an intermediary between crypto exchanges and users, offering access to 150+ cryptocurrencies. The company’s mission is to make the exchange process effortless for everyone who wants to invest in cryptocurrency.
For those looking to exchange crypto on-the-go, Changelly offers its official mobile app with fixed-rate exchanges, available for download on the AppStore and Google Play. For those who would like to exchange crypto at a floating rate, Changelly offers the industry-low fee of 0.25% for all crypto-to-crypto exchanges.
Changelly offers its API and a customizable payment widget to any crypto service that wishes to broaden its audience and implement new exchange options. The platform also provides an Affiliate program with a 50% revenue share mechanism.