Poloniex Adds Basic Attention Token (BAT) and Loom Network (LOOM)


Poloniex, a top-15 cryptocurrency exchange by trading volume and subsidiary of Goldman Sachs-backed Circle, announced today that it has added Basic Attention Token (BAT), the token associated with the Brave browser, and Loom Network (LOOM), a blockchain ecosystem for games and social apps, to its trading platform.

In the announcement, the Poloniex team revealed that the two tokens were selected for listing after meeting pre-determined criteria across multiple categories.

After reviewing across¬†five broad categories‚Ää‚ÄĒ‚Ääfundamentals, technology, people, business model, and market dynamics‚Ää‚ÄĒ‚Ääwe selected these two projects based on the opportunity they present for Poloniex customers.

Both tokens will be available for trading on August 22 at 16:00 UTC, with BTC, ETH, and USDT trading pairs planned at launch. Deposits and withdrawal are currently live.

This news comes just a week since Poloniex added Status (SNT), a mobile operating system for Ethereum, and Kyber Network (KNC), a decentralized exchange protocol, to its trading platform.

BAT and LOOM are currently ranked 37th and 98th, respectively, in the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens.

More: BAT and LOOM land on Poloniex

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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