In an important strategic development, Augur prediction market (REP) and Pendle protocol (PENDLE) have successfully enrolled themselves on the app of Crypto.com. This has made these new additions a part of the widening group of digital coins on the app, which now has more than 100 digital currencies in its kitty. Some of the prominent names currently being onboarded the Crypto.com include Bitcoin, Chainlink, USD Coin, Ether, Polkadot, VeChain, etc. Crypto.com review is positive among most experts and analysts, and this new addition will further add to its credibility among investors.
The distinctive competence of Augur is its ability to leverage the capabilities of the crowd for the invention of a capable search engine in the future. Users must own the REP token to use the Augur protocol. Markets for the specific queries and questions can be conceptualized here on the Augur, and rewards can be given to users who accurately predict the future outcome of the queries.
On the other hand, Pendle is known for its ability to allow trading and tokenization of yields of the future on an automated market maker (AMM) system. This provides special control, access, and enhanced opportunities to users who want to realize more benefits with the help of their future yields. The native token of the protocol (PENDLE) is used for governance, which is an added advantage for investors.
It is important to note that both REP and PENDLE are now available for purchase on the app of Crypto.com. Potential buyers can use more than 20 fiat currencies, including USD, GBP, EUR, and many more, to buy these coins at their true cost. These digital currencies are accepted at around 70M merchants across the globe, and users can use these currencies using the VISA Card of Crypto.com.
It will be interesting to witness how investors and potential customers will react to this new onboarding of the REP and PENDLE on Crypto.com. The development is a positive step in further widening the crypto adoption among the target audiences while giving the necessary fillip to their use in day-to-day situations. Both Crypto.com and associating tokens REP and PENDLE are likely to get a host of benefits associated with this collaboration. First, they will receive the extra users to their kitty, and second, the association will help derive synergies from this collaboration. On a broader scale, this coming together will benefit the entire domain of cryptocurrency and blockchain technology by pushing these new-age innovations to a wider group of prospective investors and users.