By Waves, an open-source blockchain platform, has recently added the support for Ethereum-based (ERC-20) standard compliant tokens to its DEX (Decentralized exchange). The platform announced on August 22, about this recent addition to their exchange. The platform has also launched new gateways with Vostok (VST) and Ergo (ERGO) support.
Hoping for a positive impact
The team is in of the firm belief that this new feature will attract more traders and digital assets to their platform. The post states:
“Soon, you will see new trading pairs with ERC-20 tokens. Last year, we conducted voting for listing ERC-20 token. Bancor (BNT) won the voting and became the first candidate for listing on Waves DEX. So, we made it. All technical features are tested. Start of BNT trading is scheduled for August 22 at 11:00 UTC. The next asset that can be added via the gateway is ETH. Then, we will add BTC support. It is scheduled for September.”
The DEX now also allows the deposits of BNT tokens with no fees. However, there will be a fixed fee of 0.4 BNT for withdrawals. The minimum withdrawal limit for BNT will be 2 BNT and maximum is clocked at 100,000 BNT.
Overall, this news has had a positive impact on the price of the token as it is already up by 1.61% over the last 24 hours.
As previously reported, Waves have decided to shift their gears and focus on special initiatives which are aimed at aiding in as many Wave-based operations as possible. Their core goal is the support of talented developers and startups who share the ambitious goal of the construction of decentralised technologies which will form the skeleton of Web 3.0.
To learn more about the Waves Grant program and to apply just follow this link:
https://waveslabs.com/grants.html
Once you’ve taken a peek at their offerings, let us know what your thoughts are by leaving a comment below.
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