Numerous cryptocurrencies and tokens appear every day. Some of them are of a practical nature, which means they perform some sort of function. Others, on the contrary, have a purely entertainment purpose and may be in demand only due to the strong buzz around the project. RevenueBot has highlighted a few coins to watch out for.
Basic Attention Token (BAT)
BAT is a means of amplifying the effectiveness and usability of digital ads and also a token that connects publishers, customers, and advertisers. The token is Ethereum-based.
BAT allows you to buy ads and capture the attention of users on your platform. It is the extent to which people focus on the content that determines the usefulness of a token.
The overarching goal is to cut the economic and social costs that are now observed in digital advertising, for example:
fraud;
breach of confidentiality;
malicious ad slots.
The BAT payment system both safeguards and rewards the user, while providing advertisers with higher costs per click while publishers enjoy a higher return on their investment. In case this solves some of the monetization issues, such a method can become an element of modern web standards.
OKB
OKB represents a utility token of the OKX crypto exchange. Using it, customers can reduce fees, earn passive income, take part in tokensales by new cryptoprojects on the exchange, as well as to generate additional profits with OKExChain.
You can purchase the ERC-20 standard token on OKX itself and a few other exchanges. Over the past year, it grew by 550%, which is by 111% in two weeks. We will take a closer look at the features and benefits of this asset here from Profinvestment.com’s editorial team.
OKB represents a utility token of the OKX crypto exchange. Using it, customers can reduce fees, earn passive income, take part in tokensales by new cryptoprojects on the exchange, as well as to generate additional profits with OKExChain.
You can purchase the ERC-20 standard token on OKX itself and a few other exchanges. Over the past year, it grew by 550%, which is by 111% in two weeks. We will take a closer look at the features and benefits of this asset here from Profinvestment.com’s editorial team.
Convex Finance (CVX)
This one is a staking-oriented platform. Moreover, Convex is designed specifically for liquidity aggregators in the Curve system. You can profit, and to do so, you need to reserve additional CRV coins. However, there are no commission fees charged by the system when you pay for gas.
Its key advantage is about multiplying user revenues within a voting framework. Network members themselves are not required to make decisions when it comes to funding Curve parent network.
CVX is their native ERC-20 protocol-based coin. It is generated according to the particular CRV token, thus letting users receive a fraction of the commission fees from the Kovex platform.
Covex Finance is a platform to help the CRV members and liquidity providers maximize their earnings. The platform’s interface is smart and easy to work with. Covex’s main task is to optimize interest rates within the Curve platform through a native utility token. Those who hold CVX need to do the following in order to make profit:
Deposit coins on the platform.
Gain a fraction of the commission fees. It would be paid out over time (either by passive yield or by staking).
Conclusion
When investing in new coins, you keep an open mind on all the risks, because the chances of a coin remaining at the same price brackets or depreciating are sky-high.
This material is not a piece of financial advice and is for informational purposes only.
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