The presence of new cryptocurrencies is a clear demonstration of the strong development of the Crypto market. Currently, many new coins appear, creating great competition in the market. Among them must be mentioned EPS coin, a new currency that has appeared but has been appreciated. So what is EPS coin?
What is EPS coin?
EPS is the native token or the official token of the Ellipsis Finance exchange development project, designed according to the BEP 20 token standard of the Binance Smart Contract Blockchain platform and serving many specific locations.
As of June 23, 2022, the price of EPS coin is $0.1687 with a market cap of 1,931,694. In general, it is not a very positive figure when the EPS coin is in a downtrend compared to the time of listing.
It should be noted that EPS coin is being replaced by Ellipsis Finance with EPX token in its 2.0 version. That is like a Fork event in Blockchain projects.
What role does EPS coin play?
What is the role of EPS coin? Consists of:
- Support for administration when allowing users to participate in voting activities, proposing ideas to build and develop the platform.
- EPS coin is also used to make payment of transaction and service fees in the Ellipsis ecosystem.
- EPS coins can also be traded directly through swap pairs. That is the swap feature of the platform.
Application of EPS coin
EPS coin is the Ellipsis platform token. It is applied in the process of administration, payment of transaction fees, swap.
Support for users who participate in administration
Anyone with a token can participate in the voting to publish in Ellipsis. During the initial period, users will stock for tokens that receive DLO support.
Pay transaction fees
When using EPS coin to pay transaction fees, users receive the opportunity to save many costs.
Create swap pairs
EPS now trades directly through swap pairs. You can swap any type of token. The swap feature also creates significant liquidity for Ellipsis.
Special features of EPS coin
Special features of EPS coin include:
- Ellipsis exchange owns a rating mechanism and support for analysis, data retrieval and transaction history. Users will have a full and objective view of the Crypto market.
- It is widely reported that the Ellipsis development team will try to link on all different NFT platforms. However, currently, the official website of Ellipsis floor has not launched this orientation toolkit. The developers are in the process of perfecting the aforementioned goal.
- In particular, EPS coin, this coin inherits the useful features of CRV and runs on Binance Smart Chain. Therefore, the native token of the Ellipsis project has certain advantages in terms of speed and transaction costs.
Instructions for buying, selling and storing Ellipsis coin
Although recently appeared, EPS coin has reached the top 400 electronic news calls with the largest market capitalization value. Currently, many users are wishing to invest in this type of token.
How to buy and sell
EPS coin is currently listed on three major exchanges. Including Binance, MEXC Global and Gate.oi. If you already have an account on one of these exchanges, you should have no trouble buying EPS. You also have an EPS coin swap on the platform of every PancakeSwap decentralized exchange.
How to store
The EPS coin ERC20 standard supports this cryptocurrency which is compatible with Ethereum-based wallets.
This article has explained to you what an EPS coin is and what is important about it. EPS coin is a new cryptocurrency, there are many uncertainties and you should understand more.