Promising coins #35 – 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. 

The Sandbox (SAND)

SAND is an ERC-20 utility token powered by Ethereum, used by Sandbox players as the basis for all of the ecosystem’s transactions and interactions. SAND will allow users to buy and sell LANDS and ASSETS in The Sandbox metaverse, reward creators, game makers, and LAND holders, and provide the opportunity to participate in governance.

The Sandbox is a virtual world where players can build, own, and monetize their gaming experiences in the Ethereum blockchain. Players are able to create digital assets in the form of non-fungible tokens (NFTs), upload them to the Marketplace, and team up in Game Maker.

The goal of the Sandbox is to create a fantastic metaverse with no central authority, allowing all users to freely vote and cooperate in developing the future of the game. Sandbox empowers creators with true ownership of their creations in the form of NFTs and rewards them for participating in the ecosystem.

Sandbox is also a platform for creating and monetizing gaming experiences. Players here build games and virtual worlds on a decentralized basis, with each creator having rights of ownership to their works (which is a key deviation from projects such as Minecraft, Kogama, and Roblox). For active participation, participants are rewarded with a SAND token.

Terra (LUNA)

Terra is a decentralized currency based on the Stake Tendermint blockchain seeking to build a novel financial infrastructure.

The LUNA token acts as a collateral for the entire Terra alliance stablecoins, from which they get their stability, usefulness and value. LUNA can be stored and traded as regular cryptocurrency, yet it can also be staked for online rewards generated by transaction fees. Additionally, you can use LUNA to submit and vote on governance proposals.

Terra is connected to a huge alliance of e-commerce platforms, totaling $50 billion in annual transactions and 50 million users. Terra is ready to become an exchange medium at a huge scale.

Likewise, Terra is an open platform for disruptive financial dApps which increase the real GDP of the blockchain economy.

Algorand (ALGO) 

ALGO is an open-source coin that allows everyone to harness the potential of a fair and truly boundless economy.

Blockchain platform Algorand has implemented the Proof of Stake protocol, which supports the scale, open participation, and transaction finality required by businesses and developers to build systems for billions of users. Furthermore, Algorand cuts the computational cost of transactions, delivering a scalable, secure, decentralized platform with low fees to the entire world.

The protocol used by Algorand is primarily focused on speed. For developers, they achieved the best possible efficiency by completing blocks in a single voting round. As a result, it ensures that each block completes instantly and increases the number of transactions processed by the network significantly – 1,000 finalized transactions per second (TPS) with <5-second latency..

Given that high speed is useless without any protection, the Algorand network has been designed to withstand network-layer attacks that make it difficult or impossible for users to interact on the network. Moreover, the network is capable of rapid self-recovery, thus eliminating a number of potential real-world attacks.

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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