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.
Oasis Network (ROSE)
ROSE is the Oasis Network’s native token used for paying transaction fees, staking, and delegating on the consensus layer.
Oasis is a scalable, privacy-enabled blockchain built for decentralized finance and a responsible, user-owned data economy.
Combined with its high throughput and secure architecture, the Oasis network aims to develop private, scalable DeFi expanding it beyond traders and early adopters to a mass market.
As the next generation of blockchain, it is the first-ever privacy-enabled blockchain platform for open finance and the responsible data economy. Oasis uses a brand new ParaTime architecture that separates consensus (Consensus Layer) from computation (ParaTime Layer), allowing it to have greater scalability and support a variety of specialized computational requirements.
Kyber Network (KNC)
KNC is an ERC-20 token that blends a multitude of Kyber ecosystem members. KNC is an innovative deflationary staking token where rewards and token burning are based on actual network utilization and DeFi growth.
Kyber is a blockchain-based liquidity protocol that connects liquidity from various reserves, enabling instant and secure token exchange over various dApps.
KNC holders have a chance to participate in network governance and vote on important proposals through the native KyberDAO. You are incentivized in ETH for your participation. The funds come from network fees charged for trading on the Kyber platform.
Kyber Network is a liquidity-based DeFi infrastructure. Moreover, it combines liquidity from various sources into a single pool that provides the best stakes for users.
Dego Finance (DEGO)
DEGO is the crypto-world LEGO alternative which creates a completely distinct ecosystem combining NFT and DeFi. The token is available on both the Ethereum (ERC-20) and the Binance Smart Chain (BEP-20).
DEGO has developed a brand new NFT+DeFi protocol that runs on multiple blockchains and established an infrastructure to investigate the boundaries of merging both NFT functionality and financial instruments such as creating them, trading them, tendering them, and using them in DeFi applications.
What’s more, DEGO provides extra capabilities by extending the functionality of blockchain projects, appealing to new users, and supporting various use cases, including NFT creation and mining. DEGO is using a substrate for building parallel blockchains to realize this project, allowing NFT assets to migrate between different chains and integrate into a wide array of apps and underlying protocols.
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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