The debtors intend to, pending court approval, have the ability to swap all coins that aren't bitcoin and ether into those two cryptocurrencies, according to a filing on June 14. This would not affect tokens held in Withhold or Custody accounts, and the sales would start from July 1.

Ethereum is an open-source, decentralized blockchain platform that includes ETH cryptocurrency.

Ethereum (ETH) is a platform based on an open-source, Proof-of-Stake blockchain. Unlike Bitcoin and Litecoin, Ethereum is primarily used as a computing platform rather than a payment system. It provides developers with the ability to build and deploy decentralized applications, utilizing the platform's processing power. Additionally, Ethereum serves as a platform for launching new cryptocurrencies, with the Ethereum Foundation defining the ERC20 token as a standard that developers of other currencies can use as a template for fundraising through an initial coin offering (ICO).

Ethereum

Polygon is a Layer 2 scaling solution that functions in conjunction with the Ethereum blockchain — allowing for faster transactions and lower fees.

Polygon is a framework created to enhance the scalability of Ethereum. It achieves this by utilizing a modular structure known as the Polygon SDK, which enables developers to build new chains using a variety of Layer-2 solutions. Initially launched in 2017 as Matic Network, the project concentrated on creating its own Layer-2 solution based on Plasma, which achieved great success. 

In February 2021, the project rebranded as Polygon and shifted its focus to providing the necessary infrastructure for developers to construct and use their preferred scaling solution. Supported solutions include Plasma, Rollups, zkRollups, and other standalone sidechains. The Matic POS, an existing product, will remain supported as one of the many scaling solutions available. Furthermore, the team aims to expand beyond Ethereum and offer cross-chain interoperability.

Polygon

The first decentralized peer-to-peer payment network.

Bitcoin is a revolutionary internet protocol that enables anonymous peer-to-peer digital transactions without the need for central authorities or banks. This decentralized approach means that transactions are fully peer-to-peer and not controlled by any single entity. The bitcoin network operates through a collective consensus of network nodes, and it is open-source, public, and entirely beyond the control of any individual or organization.

Bitcoin transactions are permissionless and borderless, allowing you to send payments in BTC to anyone, anywhere, at any time, without intermediaries like banks or governments. Transactions cannot be restricted, frozen, or controlled in any way, making bitcoin a valuable technology for those in financially underdeveloped or sanctioned countries, privacy-conscious communities, or the unbanked. Bitcoin transactions are also tamper-proof, irreversible once added to the blockchain, and fast, with transactions processed within seconds and fully irreversible within an hour. The bitcoin network is available and online 24/7/365. 

The bitcoin total supply is predefined and stable at 21 million bitcoins, with no additional bitcoins to be issued, ensuring that BTC won't be debased. Bitcoin's blockchain rules guarantee that only 21 million bitcoins will ever exist. The final bitcoin is unlikely to be mined until around the year 2140, as the number of bitcoins mined every 24 hours is currently around 900 and halving once every four years. Moreover, bitcoins do not take up any physical space, meaning there are no storage costs, regardless of the amount.

Bitcoin

Avalanche is a Layer 1 blockchain that scales infinitely and focused on transaction speed, low costs, and eco-friendliness.

Avalanche is a smart contract platform that was launched in 2020 by Ava Labs. It is designed to enable the creation and deployment of customized blockchains and decentralized applications at scale. Avalanche is built on a consensus mechanism called Avalanche consensus, which is designed to enable fast, secure, and scalable transactions on the network.

One of the key features of Avalanche is its ability to support multiple subnets or blockchains within the main network. This allows for the creation of customized blockchains that can be tailored to specific use cases or applications. Developers can use Avalanche to create their own blockchain with their own set of rules and parameters, without the need to build an entirely new blockchain from scratch.

Avalanche is also designed to support interoperability between different blockchain networks. It uses a protocol called the Avalanche-X network, which enables the seamless transfer of assets and data between different blockchain networks.

In terms of scalability, Avalanche is designed to support high transaction throughput, with the ability to process thousands of transactions per second. This makes it well-suited for applications that require high throughputs and low latency, such as payment systems, gaming applications, and decentralized exchanges.

Avalanche

1inch is an aggregator that scans decentralized exchanges to find the lowest prices for traders.

1inch is an aggregator that scans various DEXs and numerous liquidity providers to locate the optimal trade opportunity for users. By specifying the cryptocurrencies involved, 1inch handles the rest, similar to websites that assist in finding the best deals on loans or flights.

1inch Aggregation Protocol incorporates the Pathfinder algorithm for finding the best paths across over 300+ liquidity sources on 10 chains: Ethereum, BNB Chain, Polygon, Avalanche, Optimistic Ethereum, Arbitrum, Fantom, Gnosis Chain, Klaytn and more.

In just over two years the 1inch DEX aggregator has reached 1M users and surpassed $150B in overall volume on the Ethereum network alone.

1inch

Chainlink is a largest decentralized blockchain oracle that enables smart contracts to communicate with real-world data. 

Chainlink (LINK) is a decentralized network of nodes designed to facilitate the connection of off-chain data and information to on-chain smart contracts. This system enhances the capabilities of smart contracts by enabling access to real-world data and off-chain computing while maintaining the security of blockchain technology.

Smart contracts function as protocols on the blockchain, similar to traditional contracts, but with the benefit of immutability and verifiability. As a result, they foster a high level of trust among stakeholders that the terms of the agreement will be executed if and only if the conditions are met. However, implementing smart contracts for real-world applications is challenging because most data and services are not on the blockchain. Since smart contracts need off-chain data in an on-chain format to function, the challenge lies in bridging the gap between outside information and blockchain smart contracts in a language that both parties can understand.

Chainlink addresses this challenge by linking off-chain and on-chain data through middleware software called oracles. These oracles act as intermediaries, translating data from the real world to smart contracts on the blockchain and vice versa. Chainlink aims to provide a secure and decentralized "blockchain-middleware" that is tamper-proof, and an easy way to access the numerous inputs and outputs needed for complex smart contracts. The platform aims to accelerate the development of valuable smart contracts by providing simple and secure access to essential off-chain resources.

Chainlink

Synthetix is a DeFi protocol specializing on minting and trading crypto synthetic assets on the Ethereum blockchain.

Synthetix is a software that allows users to mint new crypto assets that mimic both real-world assets (like the U.S. dollar) and crypto assets (like Bitcoin). 

One of an emerging number of decentralized finance (DeFi) cryptocurrencies, Synthetix enables this service through code alone, without the need for a financial intermediary. Rather, Synthetix is simply a collection of smart contracts running on the Ethereum blockchain. 

This means Synthetix users do not need to trust a particular institution or person to manage the crypto assets they create. They need only trust that its code will execute as written.

Synthetix is able to generate these new assets using a process called collateralization. 

To collateralize an asset on Synthetix, users must purchase its SNX cryptocurrency, which once locked in a special contract can be used to generate these new assets (called synths). 

For example, one synth designed to mimic the value of the U.S. dollar is called sUSD. Another synth, which mimics the Bitcoin price, is called sBTC. Still, synths can be created for any asset, be it a commodity like gold or silver, or cash like the euro or Korean won. 

Synths are then able to track the value of other assets using special data feeds, called oracles, which enable users to gain exposure to gains or losses in those markets.

As of August 2020, Synthetix is among the DeFi projects with the most value locked in its contracts, with over $800 million locked in its contracts according to available data. 

Synthetix

BNB is a native cryptocurrency for Binance exchange and BNB Chain ecosystem.

BNB is a cryptocurrency created by Binance Exchange in 2017. Binance, which quickly became the top cryptocurrency exchange by trade volume, launched BNB as a utility token for its platform. Over time, the Binance Ecosystem has expanded to include the Binance Smart Chain network and Binance Chain, which includes the Binance DEX. Binance has continued to expand the utility of BNB beyond its initial purpose by offering various services directly on the Binance Exchange and through partnership agreements outside of the centralized exchange.

BNB also has various use cases within the Binance ecosystem, including:

Trading fee discounts. Users who hold BNB can use it to pay for trading fees on the Binance Exchange, and receive a discount depending on how much BNB they hold
Staking. Binance offers several staking options for BNB holders, such as staking BNB to earn rewards in other cryptocurrencies
Initial Coin Offerings (ICOs). Binance Launchpad is a platform for hosting token sales, and requires participants to hold BNB to participate
Payment. Binance has partnered with various merchants to allow customers to pay with BNB for goods and services

Basic Attention Token (BAT) empowers the Brave Browser, aiming to transform the web advertising model by fostering fairness among consumers, creators, and advertisers on the internet.

The Basic Attention Token itself is the unit of reward in this advertising ecosystem and is exchanged between advertisers, publishers, and users. Advertisers pay for their advertising campaigns in BAT tokens. Out of this budget, a small portion is distributed to advertisers, while 70% is distributed to users — whereas the intermediaries that typically drive up advertising costs are cut out.

Basic Attention Token was launched in 2017 following one of the fastest sell-out ICOs of all time, with the platform raising a total of $35 million in under a minute. Since then, it has rolled out its attention-based advertising experience to users in most countries of the world.

Basic Attention

Decentraland is an immersive metaverse platform accessible through web browsers, enabling users to acquire virtual land and engage in a distinctive virtual community.

The Decentraland community governs the entire ecosystem, where users can take advantage of the platform's function as an alternative virtual reality world to engage in buying and selling virtual property and real estate, and playing games. They can communicate, control, monetize, and develop the Decentraland metaverse to emulate reality in a digital environment. Essentially, users can use their land for anything, as long as it is in accordance with the network's features.

Decentraland has a multi-layered architecture that supports the operations and functions of the virtual reality ecosystem, allowing users to create and host applications, games, and interactive content. The first layer is the consensus layer, where a ledger is maintained that records land ownership on the platform. The content layer is responsible for controlling what happens on each piece of land, while the final layer is the real-time layer, which facilitates all social interactions within the ecosystem. Users can create avatars, communicate via voice chat and messaging, and engage in other social activities on Decentraland.

Decentraland

Aave is the DeFi protocol that enables individuals to lend and borrow cryptocurrencies.

Aave is a decentralized finance protocol that provides users with the ability to lend and borrow cryptocurrencies. By depositing digital assets into "lending pools," users can create funds that the protocol can lend out. Currently, Aave offers over 30 pools for Ethereum-based assets, including stablecoins such as Tether, DAI, and USD Coin, as well as lending pools for other cryptocurrencies like ETH, BAT, and MANA.

When users provide liquidity by depositing tokens into a pool, they receive aTokens in return. For instance, if a user deposits ETH into the liquidity pool, they receive aETH in return.

In order to borrow from the platform, Aave borrowers must provide collateral, and they can only borrow up to a certain percentage of the value of their collateral. To account for the volatility of the cryptocurrency markets, the Aave protocol has an algorithm that automatically liquidates a borrower’s collateral if its value falls below a specified ratio.

Aave also uses a metric called "health factor" to determine the safety of a loan. This is calculated as the ratio of collateral deposited to the amount borrowed, and a health factor above 1 is typically needed to avoid automatic liquidation.

Interest rates for borrowing and lending vary depending on factors like the amount of liquidity in a pool and the specific cryptocurrency being used.

Aave

0x is a DeFi protocol that empowers decentralized exchanges, facilitating peer-to-peer token exchange on the Ethereum blockchain.

0x uses common smart contracts over a shared infrastructure. Its technology combines two strategies—state channels and automated market markers - that have already been suggested to overcome these problems.

By sharing liquidity among decentralized exchanges built on the 0x protocol, 0x addresses the liquidity challenge and creates more demand and supply on these exchanges. The protocol leverages smart contracts, state channels, and automated market makers to enhance trading efficiency and reduce transaction costs. 

With the native token, ZRX, users can pay trading fees and participate in the governance of 0x by proposing and voting on protocol updates. The long-term vision of 0x is to tokenize various types of assets on the Ethereum network, ushering in a future of frictionless peer-to-peer asset exchange.

No project

Celsius opens door to swap altcoins for BTC and ETH