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.
Kadena (KDA)
KDA is also used for payments on the Kadena public network. Similar to BTC on Bitcoin network, KDA on Kadena is a token by which miners are rewarded for mining blocks on the network, whereas common users pay transaction fees to have their transactions included in the block.
Kadena is the only platform offering a complete decentralized infrastructure. Your teams get the full capabilities of crypto with the tools to go from concept to launch in days instead of months. Kadena allows companies to safely monetize their existing business workflows and represent them as smart contracts on a public network.
Kadena team envisions the future of blockchain in the shared smart contract economy, which is why the project provides a full suite of blockchain technologies that allow entrepreneurs and developers to use both authorized and unauthorized (private and public) blockchains to create new revenue streams.
DigitalBits (XDB)
XDB is a one-of-a-kind token built for a platform DigitalBits. It is designed to make rapid and cost-effective transactions, while also securing the network through a staking mechanism. DigitalBits is a fork of Stellar and imitates most of its features. However, it differs in key aspects that support blockchain at the enterprise level.
DigitalBits is an easy-to-use, open-source blockchain intended to make digital assets work for a wide range of users. This includes bonus points, gift cards, fan-made tokens, digital currencies and more. Any asset can be tokenized on the DigitalBits blockchain, including branded stablecoins and NFTs created by artists, celebrities and sports organizations. DigitalBits ensures the efficiency and affordability of micropayments, providing the basis for widespread use of blockchain technology and cryptocurrencies in the real world.
Audius (AUDIO)
Audius (AUDIO) is a cryptocurrency associated with a music streaming platform that provides network security, exclusive features and public governance. The token is also used for staking and allows for a share of the AUDIO issuance. With this token, artists can create their own tokens.
Audius is a decentralized music-sharing and streaming protocol that facilitates direct transactions between listeners and creators, giving everyone the freedom to distribute, monetize, and stream any audio content.
The platform enables musicians to monetize their recordings, build a fan base, and share their tracks with the world with no need to sign contracts. Renowned producers such as Deadmau5, Skrillex, Alina Baraz, 3LAU and The Stafford Brothers are featured on the platform. Not long ago, the platform partnered with TikTok, allowing content creators to transfer their tracks to the platform, allowing people to access and use them to create short videos.
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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