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.
Osmosis (OSMO)
OSMO is the Osmosis platform’s native token, which plays a vital role in network’s governance, and it is also used for staking and liquidity mining. OSMO holders can vote on protocol updates and governance proposals.
Osmosis is an automated market maker (AMM) built on Cosmos SDK. It is focused on the InterchainDeFi movement, comprising Tendermint-based blockchains in the Cosmos ecosystem. In other words, Osmosis is a decentralized exchange specifically built for Cosmos, with plans to expand to more blockchains.
Osmosis seeks to enable developers to customize and deploy AMM in the Cosmos/Tendermint ecosystem and innovate in liquidity pools using Osmosis governance processes as well as the Interoperable Builder toolkit. As a decentralized exchange (DEX), Osmosis fuels a heterogeneous and interoperable cross-chain trading experience.
Boba Network (BOBA)
BOBA is a governance token used by the Boba DAO for community initiatives, voting, and guiding the future of the network. BOBA staked on Boba Network will also receive a portion of the transaction fees earned by the network through an on-chain distribution governed by the community.
Boba is an Ethereum Layer 2 Optimistic Rollup scaling solution. It reduces gas fees, improves transaction throughput, and extends the capabilities of smart contracts. It is a fast-exit solution backed by community-driven liquidity pools, reducing the Optimistic Rollup exit period from seven days to only a few minutes, giving LPs incentivised yield farming opportunities.
Boba is an Ethereum Virtual Machine (EVM) equivalent Layer 2 Optimistic Rollup that helps Ethereum smart contracts scale while delivering a delightful user experience. Boba enables Ethereum developers to build dApps that trigger code running on web-scale infrastructure such as AWS Lambda, making it possible to leverage sophisticated algorithms that are either far too expensive, far too slow, or practically impossible to execute on-chain.
Ceek VR (CEEK)
Ceek VR is the CEEK’s native token that lets content creators monetize their work by streaming virtual events to reach audiences around the world. CEEK unlocks new revenue streams for music artists and creators, offering a brand-new way to directly reach and monetize their fanbase. CEEK tokens enable real time artist payments verified on the blockchain, ensuring fast, efficient and seamless monetization for music artists and content creators.
CEEK VR brings together cryptocurrency and a metaverse where users enjoy playing, learning, and living together in shared digital environments, while also offering music, sports, and other activities. The project’s team utilizes an integrated approach to connect consumers, creators, and brands in one-of-a kind virtual experiences. CEEK VR boasts partnerships with some of the greatest celebrities such as Demi Lovato, U2, Lady Gaga, Sting, Neyo, Katy Perry, Ziggy Marley, Elton John, Megadeth, and many more. Ceek VR’s latest partnership took place with World of Dance.
The development team is marketing its software as a “breakthrough top echelon virtual reality app for blockchain, and it currently features praise from some of the world’s biggest tech companies, such as Universal Music, Apple, T-Mobile, and Baptist Health. CEEK aims to build a user-friendly, decentralized VR entertainment metaverse that empowers the community with control over programming process and enables partners to quickly access new, transparent income flow.
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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