Crypto Q&A

Sidra Coin (SDR/SDRA) is the utility token for Sidra Chain, a blockchain protocol by Sidrabank. This platform aims for Sharia-compliant real-world asset tokenization, adhering to Islamic financial principles. The token's role includes transaction validation, fee payment, staking, and governance within the network, supporting its ethical financial framework.

Orion Protocol optimizes crypto trading by aggregating liquidity from various centralized and decentralized exchanges. This decentralized finance (DeFi) platform provides users with a single point of access to trade crypto assets at optimal prices. Its native utility and governance token, ORN, is integral to the ecosystem.

Myria Coin (MYRIA), an ERC-20 utility token launched in August 2022, operates within the Myria Layer 2 scaling protocol built on Ethereum. This platform utilizes ZK-Rollup technology to provide scalable infrastructure for blockchain gaming and NFTs. By using ZK-Rollups, Myria facilitates transactions with zero gas fees, with the MYRIA token serving as the basis for transactions on its zero-gas Layer 2 network.

Milady Meme Coin (LADYS), launched in 2023, is a decentralized digital asset whose value is often driven by community engagement and general market trends. It draws inspiration from internet culture and the Milady Maker NFT collection, with creators noting non-affiliation.

Mavia Coin (MAVIA) is the native cryptocurrency for Heroes of Mavia, a blockchain-based Web3 mobile MMO strategy game developed by Skrice Studios. In the game, players build and defend bases, engaging in battles to earn resources. The MAVIA token facilitates governance, allows for the purchase of in-game NFT items, and can be used to access exclusive tournaments within the game's ecosystem.

LocalCoinSwap, founded in 2015, is a P2P cryptocurrency exchange facilitating direct trading of various digital assets between users. It operates as a decentralized marketplace, allowing individuals to buy and sell cryptocurrencies using a wide array of payment methods. The platform employs a secure escrow system to safeguard transactions, aiming to provide a flexible and private trading environment.

HBAR, Hedera's native cryptocurrency, is crucial for powering network services and contributing to network security through staking on its hashgraph DLT. This enables the enterprise-grade platform to deliver high-speed, low-cost, and secure decentralized applications by leveraging its unique consensus algorithm.

Tikka Token (TIKKA), an Ethereum-based ERC-20 Wealth Access Token hosted on the Polygon mainnet, broadens investment access by offering a modern alternative. It aims to democratize quality investment options beyond traditional assets such as real estate, gold, and fixed deposits, thus providing a new pathway for investors to engage with diverse opportunities.

A gold pip represents a 0.01 price movement or one cent per troy ounce in gold trading, though this can vary. A gold pips calculator determines its monetary value. This tool helps traders assess potential profits or losses and manage risk by understanding the financial impact of gold price fluctuations.

Gold-backed digital assets, often called gold-backed cryptocurrencies, offer exposure to gold's price fluctuations using blockchain technology. Their value is typically tied to the price of physical gold held in reserve or the performance of a traditional financial instrument representing gold, aiming to reflect its market value.

Gold-backed cryptocurrencies derive their value from a "gold conversion formula," which links them to physical gold reserves. Issuers hold specific quantities of gold, and the tokens' value is directly tied to the market price of the corresponding represented gold.

KoinBX, an Indian cryptocurrency exchange rebranded from Koinbazar, is a regulated platform. It facilitates buying, selling, and trading digital assets, aiming for a user-centric experience. The platform is officially registered with India's Financial Intelligence Unit (FIU) and adheres to all applicable Indian regulations, confirming its compliant status within the country's crypto ecosystem.

Bitcoin Cash (BCH) emerged from a hard fork of Bitcoin in August 2017. This split stemmed from disagreements within the Bitcoin community regarding network scalability. Bitcoin Cash proponents advocated for larger block sizes to facilitate faster transactions and lower fees, aiming to serve as a peer-to-peer electronic cash system.

BRICS explores a new "unit" reserve currency, potentially backed by member currencies and gold, to facilitate trade and reduce US dollar reliance. Discussions also include linking member CBDCs for streamlined cross-border payments. Separately, an independent "BRICS Chain" cryptocurrency project leverages blockchain for asset tokenization, claiming a 1:1 peg to a "BRICS currency."

Bitcoin liquidation maps are visual tools illustrating price levels where numerous leveraged Bitcoin trading positions might be automatically closed. These maps use colors, with brighter areas indicating higher concentrations of at-risk capital. Primarily relevant in futures cryptocurrency trading, they show where significant price movements against positions can trigger forced sales due to borrowed funds.

The crypto market hosts two distinct projects: American Coin (USA), a memecoin inspired by the United States with tracked price and market capitalization, and American Coin (AC), a green utility cryptocurrency designed for commercial applications. This highlights a divergence in purpose, from speculative memecoin to practical green utility crypto, both bearing the "American Coin" name.

Verge (XVG) achieves transaction privacy primarily by obfuscating user IP addresses through the integration of technologies like Tor. Additionally, it utilizes stealth addresses, which are single-use addresses designed to protect the privacy of both the sender and receiver. This combined approach ensures that transactions on the Verge network are difficult to trace, aligning with its core focus on enhanced user anonymity within its decentralized framework.

WazirX, an Indian cryptocurrency exchange established in 2018, features its native utility token, WRX. Built on the Binance Smart Chain with BEP-20 protocol, WRX offers users benefits. These include discounts on trading fees and participation in its token sales for various digital assets.

UCoin encompasses two distinct concepts. One is an ERC20 utility token by Universal Coin International, aimed at facilitating daily transactions with transparency, speed, and low costs. The other, Unlinkable Coin (UCoin), is a proposed privacy-preserving scheme for cryptocurrencies. It utilizes a mix-based approach to obfuscate transaction links between payers and payees, focusing on anonymity.

Tata Coin is a BEP-20 token on the Binance Smart Chain, designed as a community-driven cryptocurrency for a secure DeFi platform and payment system. However, Ratan Tata, chairman emeritus of the Tata Group, has publicly stated no association with any cryptocurrency. Therefore, there is no official link between Tata Coin and the Tata Group.