The team at Gemini are pleased to announce support for a new set of crypto tokens.
The following tokens are now available for trading on Gemini:
- Euler Finance (EUL)
- Project Galaxy (GAL)
- Samoyedcoin (SAMO)
These tokens are “available for trading on [their] API/FIX and ActiveTrader applications for USD trading pairs.”
They are also “available on the Gemini Mobile App and website for USD, GBP, EUR, CAD, AUD, HKD, and SGD pairs, and are available for custody on Gemini.”
The firm also noted that they are excited “to support more than 120 tokens on Gemini.”
They believe these tokens will “provide value to [their] users as [they] continue to support the growth of the decentralized finance ecosystem.”
They look forward to “supporting new crypto projects on [their] mission to unlock the next era of financial, creative, and personal freedom.”
Euler Finance is “a permissionless lending protocol that allows users to earn interest on their crypto assets or hedge against volatile markets.”
Euler has “a number of DeFi products, including permissionless lending markets, reactive interest rates, protected collateral, multi-collateral stability pools, sub-accounts, risk-adjusted loans, and more.”
EUL is an ERC-20 utility token “compliant with the Ethereum network. EUL is primarily used for governance and as an incentive on the Euler Finance lending protocol.”
Project Galaxy is “a Web3 credential data network that aims to help Web3 developers and projects leverage on-chain credential tracking to build products and communities.”
Use cases “include Galaxy OATs (On-chain Achievement tokens), NFT loyalty programs, gated communities, and customized governance.”
GAL is an ERC-20 utility token “compliant with the Ethereum network.” The token “has four main use cases: governance, paying for application module fees, paying for Galaxy Oracle Engine and Galaxy Credential API, and curating digital credentials.”
Samoyedcoin can be “described as the Dogecoin of Solana, and brands itself as the premier community token and symbol of the Solana ecosystem.”
Through the use of memes and other engagement tactics, SAMO has “become a marketing vehicle for the Solana community.”
SAMO aims “to support the onboarding of new users to Solana, and build a community seeking to better navigate the crypto industry.”
SAMO is an SPL utility token “compliant with the Solana network. SAMO is a payment token and is supported SPL token on Solana Pay.”
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