Scheduled maintenance and new coin listings

9 May 2019 14:00
Nicholas Fletcher, Customer Experience Officer

We are pleased to announce the launch of 3 new ERC20 tokens:

  • Basic Attention Token (BAT)
  • Augur token (REP)
  • Golem Network Token (GNT)


What is Basic Attention Token?

BAT, or Basic Attention Token, is an ERC20 token that is built to address inefficiencies in online advertising. Instead of users being subjected to ads while they browse, they can pay BAT tokens to content creators, or alternatively watch ads in return for BAT tokens. Participants in this ecosystem would use the Brave browser. To read more about the browser and BAT (Brave Rewards), see here.


What is Augur?

Augur is a decentralised prediction market that leverages crowd perception on an event. Prediction markets have existed for a while, however Augur is the first decentralised one, allowing an event's outcome to be decided by the "crowd", as opposed to a centralised authority like in a traditional prediction market. The Augur token uses the REP ticker. You can read more on the project site.


What is Golem?

Golem is a reputation based network that allows decentralisation of computing tasks. Using the Golem network a user can rent out their computing power for others to use, or can request that others in the network perform computing tasks on their behalf (for a fee). This fee is paid using the Golem Network Token (ticker: GNT), and uses Ethereum smart contracts to determine when a computing provider should be paid. More information can be found on the project site.


We will be releasing these tokens with an introductory brokerage fee of 0.1%, this will last for two weeks so ensure you get your trades in early!


Timing:

We will be performing system maintenance and upgrades on Sunday 12th May at 2pm (AEDT). We expect this to last approximately 4 hours and during this time you will not be able to access your Independent Reserve account. Once this completes, deposits and withdrawals will be enabled for BAT, REP, and GNT. Trading will be enabled at approximately 11am on Tuesday 14th May.

Please be aware that there will likely be low liquidity for the first week or two as the market builds. We recommend that customers place limit orders rather than market orders until local volatility settles down.