HitBTC Digest May 2022: news of the crypto market and HitBTC platform!

HitBTC Team -

Cryptocurrency Market

BTC price on 31st May was $31 731

ETH price on 31st May was $1 995

In May, all major projects showed negative dynamics as a result of the BTC correction. Still, there are some tokens that showed positive dynamics. For example, the TRON (TRX) token grew by almost 22% at the end of the month after the launch of the USSD Stablecoin.

What's new on HitBTC

In May we burned 43,161,828 HIT tokens (about 7 million USDT). Transaction Link

New tokens are here:

  • REVV (REVV) is a utility token used as an in-game currency in blockchain motorsport games developed by Animoca Brands.
  • USDD (USDD) is a cryptocurrency issued by the TRON DAO Reserve with a stable price and diverse use cases.
  • Lido DAO (LDO) is the native utility token that is used for granting governance rights in the Lido DAO and etc.
  • Degis (DEG) is an ERC-20 protocol token. As the native token for the Degis platform, DEG tokens can be staked into the treasury for protection pool premium sharing.
  • JOE (JOE) is the native token of Trader Joe, a decentralized exchange (DEX).
  • Anchor Protocol (ANC) is a decentralized savings protocol offering low-volatile yields on Terra stablecoin deposits.
  • Rally (RLY) is a social token-oriented protocol that allows creators to launch their own token and build a digital economy around their work.
  • Avalanche (AVAX) is the native token of Avalanche.
  • BitcoinVend (BCVT) is native cryptocurrency of their BitcoinVend App.
  • Orbs (ORBS) is an ERC-20 token that operates on the Ethereum platform.
  • DogeElon Mars (ELON) is a dog-themed meme coin on Ethereum and Polygon.
  • Trust Wallet Token (TWT) is a simple BEP-20 utility token that provides a range of benefits and incentives to Trust Wallet users.
  • StreamCoin (STRM) is a governance token created on the Binance Smart Chain.
  • TERRA 2.0 (LUNA) continues without its algorithmic stablecoin UST and aims to preserve the Terra ecosystem with hundreds of developers working on different decentralised applications.
  • Fei USD (FEI) is a stablecoin, like with any other stablecoin it’s max total supply is not capped.

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