Promising coins #22 – a RevenueBot Editor’s Pick


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.

Aave (AAVE)

Aave is an open-source protocol to create non-custodial liquidity markets. Customers can earn interest on supplying and borrowing assets.

Amid excitement about cryptocurrencies, analysts predicted that the platform would be popular for margin trading. A leverage contract is concluded, collateral is created from cryptocurrency, and as soon as the user exceeds the limits of their own funds, the system closes the contract, transfers the money back and that’s it.

Against the backdrop of declining interest in the crypto industry, brokers opted to deal with margin trading on their own. There are plenty of tools developed for this purpose. That is why the project got back to its roots – lending to individuals in complete anonymity.

AAVE cryptocurrency acts as collateral in all smart contracts. Unless the user violates the terms of the agreement or is unable to pay, the money would go to the creditor.

Avalanche (AVAX)

AVAX is a governance token whose owners can vote on the future of the network.

The platform is designed to run smart contracts and dApps, as well as to deploy enterprise blockchain networks in a scalable unified ecosystem.

Avalanche uses the same development tools as Ethereum. Network throughput reaches 4,500 transactions per second and they are confirmed in no time.

The token is used for P2P transfers, for creating smart contracts, for staking, and for ensuring the security of the network. There are transaction, computation, and storage fees, as well as fees for creating new blockchains and subnets.

Ethereum (ETH)

Ethereum is the community-run technology powering the cryptocurrency Ether (ETH) and thousands of dApps. What the community has built is a booming digital economy, bold new ways for creators to make money online, and so much more.

Nowadays, Ethereum is an online platform. Its goal is to facilitate the development of decentralized online services. The development takes place through smart contracts and sophisticated blockchain.

If we talk about what Ethereum is in simple words, we may say the following – users get a virtual machine that allows them to develop new types of decentralized platforms. Each participant has equal rights in the network.

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.

If you don’t want to count on luck, RevenueBot offers an automated trading interface. You can trade on the leading crypto exchanges, including: Binance, Bittrex, FTX, OKX and others. RevenueBot allows traders to create trading bots that provide stable passive income. Among the main advantages of the platform we can highlight the following:

  1. Fees for the service are charged only after the first profit, no prepayment required;
  2. RevenueBot’s native marketplace is a great way to buy a ready-made bot as well as to sell a lucrative configuration; 
  3. The RevenueBot referral program enables you to earn without having to do any trading by yourself;
  4. RevenueBot uses a Dollar Cost Averaging (DCA) strategy, through which you can successfully trade and make profits over the long run;
  5. Automatic switching of trading pairs makes it possible to benefit from trading at any time. The bot itself will switch to another trading pair if the main one will not be able to do the earning. 

You can learn more about the features of the platform on the RevenueBot official website.

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