On Tuesday, June 12, 2018, U.S. cryptocurrency exchange, Coinbase, announced that it is currently working on adding Ethereum Classic (ETC) to its trading platform. In Coinbase’s blog post, they have noted that engineering work and integration process to support Ethereum Classic is already underway. Overall, they expect ETC trading to be live in the “coming months.”
Following the announcement, Ethereum Classic shot up around 25% to a high of around $16.21 in roughly a half-hour, before eventually settling around $14.50 in late Tuesday trading. Volume saw a considerable uptick following the news as well.
As Ethereum Classic comes back to forefront of the crypto community’s attention, here are three projects that are currently utilizing the platform:
About: Gambit is described as a “utility token designed for the trading community. Gambit was initially launched as a proof-of-concept back in March 2015 and has since evolved into one of the most distinguished crypto-trading communities in the industry. Gambit’s core focus is on building out a suite of trading tools, indicators, buy/sell signals, bots, classrooms, services, and more that ultimately make trader’s lives easier and more profitable. GAM is used exclusively as a utility token for access to Gambit’s different products & services. All GAM tokens that are sent in as utility payments for Gambit’s products and services will be pooled into a locked smart-contract. The community of GAM token holders will be able to vote on future developments of the platform and products. Until the community concludes a vote, Gambit will hold received tokens to control the liquidity.” Gambit recently announced that it was moving away from its own blockchain in favor of becoming an ERC20 token utilizing Ethereum Classic.
Circulating Supply: 1,200,279 GAM
Current Market Cap: $5,798,790
About: InPay boasts a dual-blockchain platform, which combines WAVES and Ethereum Classic technologies. Using the combined technologies, InPay is “an ever-growing community who enjoy an immutable blockchain and share transactions that are highly cost effective and usually quick. InPay also has several dapps (decentralized applications) and smart contracts that help expand features. Overall, the InPay platform’s benefits come from its cheap and secure payments, user friendliness, and enhanced scope. The goal of InPay’s platform is to be an all-in-one for cryptocurrency needs.
Circulating Supply: 10,000,000 INPAY
Current Market Cap: $953,946 (65,819 ETC)
About: BitTicket was created by Citizen Ticket to serve as blockchain-based ticket delivery system. The goal of BitTicket is to help cut down on counterfeits, ticket touts, ticket hoarding and other schemes that cause average people to pay higher prices. Citizen Ticket claims to be the first technology company to utilize blockchain solutions within the ticketing market. The U.K.-based project has also created a set of anti-fraud sales rules that help make sure that tickets stay out of the hands of scalpers, hoarders, secondary ticket platforms, and more.
“When a BitTicket is created by an event organizer, a smart contract is automatically created that sets the rules for the ticket, once the rules of the ticket are set they are fixed.”
Disclosure: Spotlight Growth was not compensated for the creation of this content. This content was created for informational and entertainment purposes only. The article covers cryptocurrency projects that have either completed or currently undergoing an ICO, but we are in no way affiliated with any offering or platform. This content does not constitute a recommendation to buy, sell, or participate in any of the ICOs or platforms. ICOs are extremely speculative and investors must weigh risks associated before participating. Consult a financial advisor to discuss if ICOs are right for you.