In our continuous effort to provide our customers with a diverse array of investment opportunities, we are excited to announce the addition of five fast-growing cryptocurrencies to our platform:

1. Dogwifhat (WIF)

2. Floki (FLOKI)

3. Celestia (TIA)

4. Ethena (ENA)

5. Bittensor (TAO)

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From the viral appeal of memecoins like WIF and FLOKI, to the scalable modular blockchain solutions of Celestia, the synthetic dollar protocol of Ethena, and the revolutionary AI-focused Bittensor, these cryptocurrencies offer exciting prospects for both seasoned investors and newcomers alike. Read on to learn more about each of these promising new additions.

Dogwifhat (WIF)

WIF, a Solana-based memecoin, features a viral internet picture of a Shiba Inu dog wearing a distinctive pink-knitted hat. Launched in December 2023 by anonymous creators, WIF quickly became one of the largest memecoins on the Solana network. 

WIF is a ‘pure memecoin’, meaning the WIF token has no functional utility beyond representing part-ownership in its community. Its value is driven entirely by community growth and its viral appeal. 

Floki (FLOKI)

Floki (FLOKI) is a multi-chain memecoin initially inspired by Elon Musk's dog but has since evolved into a robust Web 3.0 project.

Initially a playful nod to meme culture, FLOKI has evolved into a comprehensive Web 3.0 project, focusing on three key areas including Metaverse Gaming (Valhalla), DeFi (FlokiFi), and NFTs (FlokiPlaces). Unlike other memecoins,  FLOKI differentiates itself by aiming to combine its internet virality with underlying utility and metaverse gaming. 

FLOKI also supports charitable initiatives, including building schools in underdeveloped countries.

Celestia (TIA)

Celestia is a blockchain platform that improves scalability and simplifies development through a modular approach. By separating consensus and data availability from transaction execution, it allows developers to focus on building their own specialised blockchains, or "rollups," that operate independently but rely on Celestia for core infrastructure support. This division reduces developers' technical challenges, enhancing innovation and scalability without the complexities of security and consensus management. Celestia supports a broad range of blockchain applications, streamlining the development and deployment of decentralised systems. 

Celestia's native token, TIA, plays a role in securing the network, participating in governance, and other functions like paying for transaction inclusion.

Ethena (ENA)

Ethena (ENA) operates as a synthetic dollar protocol built on the Ethereum blockchain. 

It offers a crypto-native solution for money that bypasses traditional banking systems, providing a globally accessible dollar-denominated savings instrument called the 'Internet Bond'. This innovation, which is not reliant on traditional banking systems, aims to offer a stable and scalable form of digital money that is readily accessible worldwide.

Ethena's synthetic dollar stablecoin, USDe, is linked directly to the value of the US dollar. It maintains a 1:1 peg through a strategy involving both buying and betting against Ethereum and Bitcoin. This sophisticated strategy, known as a delta neutral strategy ensures stability at 1:1 peg as the net effect is that both positions offset one another. USDe is fully backed by BTC and liquid staking ETH.

Ethena's 'Internet Bond' generates income for its holders from the investments made in these cryptocurrencies and the profits from trading futures markets. 

Ethena's native token, ENA, is used within this ecosystem primarily for governance, with token holders having a say in protocol decisions.

Bittensor (TAO)

Bittensor (TAO) is a decentralised blockchain network that is revolutionising the way machine learning models are built and shared.

It uses a unique blockchain-based system to incentivise the creation, validation, and sharing of AI models across a distributed network of nodes. By leveraging blockchain technology, Bittensor enables AI developers and data scientists to collaborate effectively, sharing data and models securely and transparently.

Bittensor’s approach both democratises access to AI resources and encourages a collaborative environment where developers can enhance each other's work, leading to more advanced and reliable AI models.