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.
Telcoin (TEL)
TEL is an ERC-20 token used for payments related to telecom services, loans, various applications. Itl serves as a bridge between crypto, blockchain and the telecom industry.
The mission of the project is to empower mobile operators by applying blockchain technology. Such a combination enables users to carry out a whole range of different operations through their phone: transferring funds, making payments (including for the purchase of goods or services online), paying off loans, trading digital coins (buying and then selling them at a more favorable price) and so on.
Telecom operators which join Telcoin are eligible to issue TEL tokens immediately. The network offers rewarding system: the more TEL token traffic an operator has, the more incentives it receives. According to the developers, Telcoin’s rewarding model features services with extremely low fees that appeal to numerous end-users but still remain profitable for networks themselves.
Utrust (UTK)
UTK is an ERC-20 token intended for purchasing products and services on the Utrust platform. Utrust is the leading cryptocurrency payment solution designed to modernize the finance and payments industry and solve the problems of traditional payment methods by offering instant transactions and immediate crypto-to-cash settlements for the merchant.
The project is seeking to create a payment system where users could pay with digital assets while vendors could receive funds in fiat. The token development is centered around low fees and fast convertibility, making the platform profitable for all users.
The Utrust platform empowers merchants to accept digital currencies as means of payment. They also focus on bringing digital currencies to mainstream consumers, while also providing protection for customers and trust in traditional payment platforms. With an API for merchants and UX for buyers. Utrust stands at the intersection of e-commerce, mobile payments, and cryptocurrency.
New Kind of Network (NKN)
NKN is a native token of a peer-to-peer network data protocol dubbed New Kind of Network which is built on a brand new blockchain using cellular automaton algorithms.
It is an open-source protocol for public blockchain-based peer-to-peer Networks to share network bandwidth and Internet connectivity. Common users can profit by sharing excess bandwidth, while others can use it for their own purposes.
Not only is NKN the largest blockchain, but it is also the most user-friendly to be a part of! You can use almost every device to run the NKN app. Be it your home router, your local NAS, a small Raspberry Pi, your desktop PC or even a small VPS. Because NKN nodes earn rewards based on the bandwidth they’re sharing, there’s no need for expensive hardware – just a reliable and fast internet connection.
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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