We are excited to announce that the following tokens have been listed on Severus and are now available for trading by all users! These tokens are paired with USDT and BTC.
BTC, ETH, XRP, BNB, SOL, LTC, DOGE, MATIC, ADA, USDT
Visit Severus.finance to trade!
Bitcoin was the first cryptocurrency established following the 2008 financial crisis. It was created by a person or group of people using the pseudonym Satoshi Nakamoto to be a peer-to-peer online currency, which means that all transactions take place directly between equal, independent network participants, with no need for any intermediary to allow or facilitate them. The goal of bitcoin is to eliminate the use of a third party in financial transactions due to constant breaches of trust and funds misappropriation. With a market capitalization of $325,775,778,426 USD and a circulating supply of 19,222,525 BTC coins and a maximum supply of 21,000,000 BTC coins, BTC is the largest cryptocurrency.
Vitalik Buterin founded Ethereum, a decentralized open-source blockchain system, in 2013. Through smart contracts, Ethereum was designed to serve as the foundation for other cryptocurrencies and blockchain protocols. Smart contracts are computer programs that execute the actions required to fulfil an agreement between multiple parties over the internet.
They were created to eliminate the need for trusted intermediaries between contractors, lowering transaction costs while increasing transaction reliability. Smart contracts open the door to decentralized banking functions such as insurance, money transfer, lending, and borrowing.
Ether is the Ethereum blockchain’s native cryptocurrency, and it is used to pay for gas fees (transaction costs) as well as staking on the network to contribute to the network’s security as a validator. With a market capitalization of $156,630,023,802 USD and a circulating supply of 122,373,866 ETH coins, Eth is currently the second largest cryptocurrency after bitcoin. The token currently has no maximum supply, but a token burn effect occurs when a transaction is processed on the network as a result of the EIP 1559 update implemented in 2021.
Ripple is a privately held fintech company that offers a global payment solution through its patented Ripple Network. The ripple network is a payment network built on Ripple’s consensus ledger, known as the XRP Ledger. Ripple contributed to the creation of the open-source XRP Ledger.
Unlike most cryptocurrencies, Ripple was designed to connect banks, payment providers, and digital asset exchanges, enabling real-time settlement expeditions and lower transaction fees.
XRP is the ripple network’s native cryptocurrency that is used to pay for blockchain transactions. The ripple network can also process thousands of transactions per second, which is significantly faster than bitcoin or Ethereum. With a market capitalization of $19,662,219,344 USD and a circulating supply of 50,290,028,663 XRP coins and a maximum supply of 100,000,000,000 XRP coins, it is currently the seventh largest cryptocurrency.
Binance coin (BNB)
BNB is the Binance ecosystem’s native cryptocurrency. Binance is a cryptocurrency exchange that was founded in 2017 and has since grown to become one of the top cryptocurrency exchanges. The BNB coin is used to pay fees on the Binance exchange as well as for other purposes on the exchange such as staking on the Binance Launchpad. BNB is also used to pay the BNB chain’s blockchain fee.
A decentralized blockchain network similar to Ethereum allows for the development of decentralized applications. The market capitalization of BNB is $46,383,882,645 USD, and there are 159,970,178 BNB coins in circulation, with a maximum supply of 200,000,000 BNB coins.
Solana is an open-source blockchain network that uses proof of history and proof of stake to achieve consensus. While Solana is a blockchain network similar to Ethereum, the underlying technology differs in that Solana is built using the rust programming language rather than solidity in the case of Ethereum.
Solana has processed hundreds of thousands of transactions per second and promises to be able to do so in the future. SOL, Solana’s native currency, can be used to pay transaction fees and staking to support the network. With a circulating supply of 363,710,934 SOL coins, SOL has a market capitalization of $4,958,935,782 USD.
Litecoin is a bitcoin fork designed to provide quick, secure, and low-cost payments by leveraging the unique properties of blockchain technology. Litecoin was the first to alter Bitcoin, and the most significant difference is that Litecoin generates a block, or transaction, in 2.5 minutes as opposed to Bitcoin’s 10 minutes.
The market capitalization of Litecoin is $5,525,528,817 USD, with a circulating supply of 71,742,381 LTC coins and a maximum supply of 84,000,000 LTC coins.
Dogecoin is a proof-of-work blockchain network created by Billy Markus and others as a meme coin. A fun crypto asset, the trajectory of dogecoin changed when Tesla CEO, Elon Musk, started talking about dogecoin on Twitter, which brought the coin to the limelight and is now sitting at the number 8 largest cryptocurrency in terms of market capitalization, which is currently $13,190,475,148 USD and a circulating supply of 132,670,764,300 DOGE coins without a maximum supply.
The polygon network is a layer 2 infrastructure designed to address Ethereum’s scalability issue. Polygon can process up to 65,000 transactions per second on a single side chain and has a block confirmation time of fewer than two seconds. The framework also enables the development of globally accessible decentralized financial applications based on a single foundational blockchain.
The polygon network’s native cryptocurrency is MATIC, which is currently the tenth largest cryptocurrency with a market capitalization of $8,045,553,266 USD and a circulating supply of 8,734,317,475 MATIC coins with a maximum supply of 10,000,000,000 MATIC coins.
Charles Hoskinson founded Cardano, a proof-of-stake blockchain platform. The blockchain is commonly referred to as the Ethereum killer because it was founded on the shortcomings of Ethereum in order to create a usable, scalable, fast, and ESG-compliant blockchain network on which decentralized applications can be built.
ADA is the native cryptocurrency of the Cardano blockchain and is currently the largest cryptocurrency by market capitalization, with a market capitalization of $11,113,285,825 USD and a circulating supply of 34,446,616,406 ADA coins and a maximum supply of 45,000,000,000 ADA coins.
USDT is a fiat collateralized stablecoin whose value is pegged to the US dollar. Tether is the company that created it. The token’s peg to the USD is achieved by keeping reserves of commercial paper, fiduciary deposits, cash, reserve repo notes, and treasury bills equal to the number of USDT in circulation.
This means that USDT is not subject to the volatility of other cryptocurrencies such as bitcoin and Ethereum. With a live market capitalization of $65,448,857,196 USD and a circulating supply of 65,444,431,361 USDT coins, USDT is currently the third largest cryptocurrency.