One of the approved wallet and exchanger by Malaysian Security Commission, Luno, has released two new coins (Chainlink and Uniswap) into the platform to be traded. For years there are only 5 coins in there.
BTC ETH XRP LTC BCH
The last coin Luno added is Bitcoin Cash(BCH) in 2019.
Now they added two more new coins which is Chainlink(LINK) and Uniswap(UNI). So total of seven coins will be available in Luno to be traded
New Coins in Luno
Sign up for your free Luno Wallet on web, iOS or Android and follow our easy process to set up your profile https://www.luno.com/invite/ZJ5R5
How to Buy Chainlink and Uniswap?
As a first step, go to “wallets” and add this two wallets, Link wallet and Uni wallet.
Only when you enable these two wallet you can buy or sell these two coins
Before buying make sure you Ringgit Malaysia wallet have to balance of more than RM10 to buy. The minimum amount is RM 10.
You can choose if you want to make one-time purchase or repeated buy weekly, monthly or daily.
At the homepage you can choose spot by choosing exchange in three dots on top right.
Spot market has lower fee compared to wallet purchase as in step 2.
For full buy and sell guide you can check here.
Fees for the coins
The fee for the both coin is nearly Zero in spot market as you can see from the image above.
The fee for the both coin is 0.15% in limit order market as you can see from the image above.
*Tiers – Total volume traded in 30 days.Your total
30-day trading volume is calculated each day by summing up all of your trading activity across all markets on the Luno Exchange platform over the last 30 days (converted to your primary currency). You are then assigned a fee tier based on this total 30-day volume according to the table above.
Can I buy the coins?
ChainLink (link)
What is Chainlink?
Chainlink is a smart oracle network that helps to provide off-chain data to on-chain ecosystems like those in DeFi and non-fungible tokens (NFT). Chainlink has been adding more solutions to the ecosystem. For example, it recently launched Keepers, which is an automation platform for smart contracts. It has also introduced proof of reserves, cross-chain communication tools, and VRF platforms.
28th June 2022
Rank : 23
Market Cap : 3 Billion USD
Circulating Supply : 467 Million
Max Supply : 1 Billion
Chainlink uses Proof of Reserve(PoR) and has it’s own blockchain
Current Market
All time High : 52.99 USD
Currently the price at it’s lowest, for a long term trade it can go up minimum of 10x, which is 50USD per coin.
Fibonacci retracement shows from the recent crash until now.
Reasons to buy?
- Chainlink has a commanding market share
- Large market size
- Chainlink is undervalued
- Correlation with other asset
- Eric Schmidt is a strategic advisor
Uniswap (UNI)
What is Uniswap?
Uniswap is a program on the Ethereum blockchain for trading ERC20 tokens. In contrast to most exchanges, which are intended to take trading charges, Uniswap works for public welfare. It is a tool for members to exchange tokens easily without paying any platform charges or dealing with negotiators.
Additionally, unlike most DEX platforms, which match purchasers and dealers to decide costs and execute exchanges, Uniswap utilizes an introductory numerical statement and supplies of ETH and tokens to do a similar task.
28th June 2022
Rank : 20
Market Cap : 3.88 Billion USD
Circulating Supply : 734 Million
Max Supply : 1 Billion
Uniswap uses Ethereum Blockchain (ERC-20)
Current Market
All time High : 45 USD
Currently the price at it’s lowest, for a long term trade it can go up minimum of 9x, which is 45 USD per coin to hit back it’s previous all time high.
Fibonacci retracement shows from the recent crash until now.
Reasons to buy?
- high total value locked, but the price has stagnated
- Uniswap is Real Decentralized Exchange
- Big financial institutional is coming into Defi Space
- The platform is making High Revenue and it will affect the price eventually
- Uniswap is run on Ethereum Blockchain
