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.
IoTeX (IOTX)
IOTX is a IoTeX’s native token that offers a multitude of use cases (utilities) to enable secure and transparent interactions between various stakeholders, including users, delegates, developers, and service providers. The IOTX token is the lifeblood of the IoTeX protocol and instills economic and reputational incentives to ensure the IoTeX Network is governed/maintained in a decentralized fashion.
IoTeX was founded as an open-source platform in 2017 with a vision for the Internet of Trusted Things, a decentralized ecosystem where humans and machines can interact with guaranteed security and trust. Their goal is to ensure everyday people and businesses can own and control their devices, as well as the data/value they generate. By connecting the physical and digital worlds, IoTeX will democratize access to machine-backed DApps, assets, and services to deliver value to users and fuel the new machine economy.
The IoTeX platform hosts an ever-growing ecosystem of projects and products that have been developed by members of the IoTeX community. The IoTeX blockchain already powers real devices, including award-winning blockchain-powered cameras from Consumer Electronic Show (CES) and the pebble geo device, perfect for supply chain optimization in any industry.
UFO Gaming (UFO)
UFO is the primary utility token of the Dark Metaverse, which consists of P2E games, playable in-game NFTs for scoring virtual lands, and a Metaverse launchpad that will permanently require those tokens.
The Dark Metaverse isn’t limited to just single blockchain. It will be a multi-chain system. UFO will be running games on some of the most reputable networks, covering a wide array of game genres and various L1 and L2 layers. Each game released in the Dark Metaverse will represent a different planet.
The first game to be released in this place is Super Galactic. This one is a decentralized game with its exclusive NFT collection and automated combat, all built on the Ethereum network and integrated with Polygon’s hyper-scalable L2 solution. Before you can play Super Galactic, you need to have a game character. These are exactly the NFTs, referred to as UFOs. To mint UFOeps, you must first earn Plasma Points with your own $UFO token.
Bora (BORA)
BORA is a token based on the Klaytn network, used as part of a decentralized entertainment platform that distributes digital content and incentivizes its members.
It is designed as a platform for content developers and users alike. BORA supports blockchain-related technologies, such as tokenization and smart contracts, allowing developers to easily develop blockchain-based applications (BApps).
BORA currently collaborates with developers in a variety of services and industries, ranging from IT entertainment, including gaming, music, video and other fields, as well as the ICT industry, which uses big data in education, healthcare, location information and fintech-infused areas for property rentals and investments.
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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