PrimeBit offers 10 types of cryptocurrency contracts: BTCUSD, BTCUSDT, ETHUSD, ETHUSDT, LTCUSD, LTCUSDT, DOTUSD, and BNBUSD. Below there is a short description of each coin available to trade at PrimeBit.com.
Bitcoin is a cryptocurrency and a digital payment system invented by an unknown programmer, or a group of programmers, under the name Satoshi Nakamoto. It was first introduced on October 31 2008 with a paper that described how it would work. A few months later, on January 3, 2009, the code was released and the first bitcoins appeared. Bitcoin transactions are verified by network nodes and recorded in a public distributed ledger called a blockchain. It makes the cryptocurrency decentralized.
Ethereum is a global, decentralized platform for money and applications. Ethereum was proposed in late 2013 by Vitalik Buterin, a cryptocurrency researcher and programmer. Development was funded by an online crowdsale that took place between July and August 2014. The system then went live on 30 July 2015. The value token of the Ethereum blockchain is called ether. It is listed under the diminutive ETH and traded on cryptocurrency exchanges.
Litecoin (LTC ) is a peer-to-peer cryptocurrency and open source software project. Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority. Litecoin also has very low payment cost and facilitates payments approximately four times faster than Bitcoin
Total supply: 84 million LTC
Official Website: https://litecoin.org
Tether is called a stablecoin because it was originally designed to always be worth $1.00, maintaining $1.00 in reserves for each tether issued. Tether has made headway by giving customers the ability to transact with traditional currencies across the blockchain, without the inherent volatility associated with a digital currency.
There are two standards of the Tether wallet. ERC20 or USDT-ERC20 is the USDT issued by Tether based on the ETH network.
Tether Omni or USDT-Omni is the USDT issued by Tether based on the BTC network. The currency deposit address is the BTC address, with deposits and withdrawals taking place on the BTC network.
Total supply: 4,78 bilion USDT
Official Website: https://tether.to/
Polkadot is an open-source sharding multichain protocol that makes it possible to move any data or asset types, not just tokens, across chains, making a wide range of blockchain networks interoperable.
The goal of this interoperability is to establish a completely decentralized and private internet that belongs to its users, and to make the development of new apps, organizations, and services easier.
Polkadot is a decentralized platform that will, in essence, connect public and private chains. It enables independent blockchains to securely share information and transactions through the Polkadot relay chain (further down).
The native DOT token of Polkadot serves three important functions: providing network governance and management, as well as creating parachains (parallel chains) by bonding.
Circulating supply (September 2021): 987,579,315 DOT
Official Website: https://polkadot.network/
Binance is a cryptocurrency exchange that was launched in July 2017 and currently leads the market in terms of the trading volume. Binance's mission is to make cryptocurrency exchanges a major part of global finance. The name Binance came from the belief that this new financial model represented a turning point in global finance — Binary Finance, or Binance.
Binance is more than simply a cryptocurrency exchange. Binance has established a whole ecosystem of services for its customers to use, in addition to being the world's largest cryptocurrency exchange. The Binance Chain, Binance Smart Chain, and other projects are part of the Binance network, which applies blockchain technology to bring new-age finance to the globe
Circulating supply (September 2021): 168,137,036 BNB
Official Website: https://www.binance.com/