Users can connect with DOT and LINK contracts on UpDown Options within the Crypto.com application. Added to that are Bitcoin (BTC), Bitcoin Cash (BCH), Ether (ETH), Dogecoin (DOGE), Litecoin (LTC), and Avalanche (AVAX).
UpDown Options are the initial CFTC-certified crypto off-shoot items that provide users with the tools required for harnessing value in every market situation. This helps them optimize profits, lessen loss factors, trade with lower prices, and hedge against cost fluctuations.
Users are granted the ability to buy or sell an UpDown Option in response to market fluctuations. Users can trade AVAX, BCH, LTC, ETH, DOGE, LINK, and DOT in addition to BTC, with each asset being continuously assessed for its risk factors. Users in the United States are the only ones currently permitted to connect to UpDown Options.
Polkadot (DOT) is a Blockchain interoperability protocol that is involved in obtaining data exchange throughout various chains. Its focus is on the development of a decentralized network wherein users gain control, like the Web3, co-founded by Gavin Wood, who is also the co-founder of Ethereum. Polkadot has set up frameworks for linking individual L1 Blockchains for passing to and fro information in the form of a trustless method. DOT caters to the governance of the network as well as staking and bonding.
The LINK cryptocurrency boosts Chainlink (LINK), a decentralized oracle network. It is the initial network that provides the option of the incorporation of off-chain data within smart contracts. Chainlink makes it possible for smart contracts to make payments to bank accounts, as well as various other payment-related networks. Added to that, it helps in linking smart contracts with data sources and APIs.
Presently, its ecosystem supports 1,000 project incorporations with 700 Oracle networks, provides connectivity with more than 1 billion data points, and harnesses more than $75 billion in terms of value with regard to DeFi applications such as Synthetix, Aave, Compound, and various others.