Today, we are welcoming 4 new assets onto Circle Invest - EOS, Stellar, 0x, and Qtum. This brings our collection of crypto assets to 11, making Circle Invest one of the top apps for accessing a wide array of assets. These new assets can be bought individually, or as part of our "Buy the Market" feature which lets you buy a diversified crypto portfolio in a single tap.
These 4 assets were selected specifically based on their potential to contribute powerful infrastructure to the broader crypto ecosystem. As with all of our listings, we applied the Circle Asset Framework to make this determination.
As we introduce new crypto assets, we also recognize the need to educate our customers and bring clarity to this fascinating, yet complex asset class. We see an opportunity to shed light on the goals of each crypto project, the role of the crypto asset within the project and on what gives each crypto asset value. We are taking the first step in this direction through the introduction of “Explore”, a new feature in Circle Invest that will give contextual, relevant information on the various aspects of crypto. Accompanied with our simple user experience, this easy to understand content will serve to further our mission of bringing crypto mainstream.
EOS, like Ethereum, is a blockchain platform that lets developers build applications using smart contracts. Within the platform is a crypto asset, also called EOS, which is needed to use applications on the network. EOS was created to address some of the limitations that Ethereum currently has, specifically with the number of transactions it can handle. Where Ethereum currently handles 15 transactions per second, EOS has shown the ability to handle several thousands per second.
Stellar is an open financial network focused on enabling low cost and near instant cross-border payments. Where sending money across borders can currently take days or weeks with multiple intermediaries charging up to 10% of the total, transactions on the Stellar network settle in 5 seconds and currently cost under a penny. Stellar’s goal is to create better financial services for developing countries and unbanked populations where both institutions and individuals alike can participate. The native crypto asset of the Stellar Network is the Stellar Lumen (XLM).
0x is a protocol that allows people to trade crypto assets directly with one another over the Ethereum blockchain. Exchanges called “relayers” can be built on top of the 0x protocol that help match buyers with sellers. Relayers can collect trading fees in the form of the ZRX token. Additionally, owners of the ZRX token are given special voting rights that can influence future development of the 0x protocol.
Qtum (pronounced “Quantum”), like Ethereum, is a blockchain platform that lets developers build applications using smart contracts. Within the platform is a crypto asset, also called Qtum, which is needed to use applications on the network. The Qtum blockchain is referred to as a hybrid of Bitcoin and Ethereum, because it was built using key elements from both projects.