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.
MAPS (MAPS)
MAPS is an ERC-20 SPL ecosystem token designed for using dApps, staking rewards, and voting for Maps.me 2.0 governance, bringing its 140 million users under one roof. Additional services and discounts are available for those who hold MAPS.
The platform aims to be the perfect travel companion with online and offline maps, a built-in wallet and other DeFi services.
Until recently, Maps.me was part of the Mail.ru Group, a Russian internet giant backed by Alibaba, Tencent and Naspers. It was acquired with the intention of monetizing it through integrated financial services, as well as with DeFi infrastructure backed by Solana and Serum, while the net proceeds being used for the benefit of MAPS holders. If successful in promoting its user base, Maps.me is the next to become one of the largest financial apps in the world.
Bonfida (FIDA)
FIDA is a Solana-based token used to access VIP APIs, Bonfida DEX and Solible listings with Market Maker services, and is also employed for staking and governance.
Bonfida is a full product suite that bridges the gap between Serum, Solana, and the user. It is Serum’s flagship GUI and brings Solana’s first-of-its-kind data analytics to the field. The project’s API is utilized by some of the largest market players in this domain, and is now seeing a 25% increase in requests per week.
In order to figure out what Bonfida exactly is, you need to familiarize yourself with the Serum project. Serum is a decentralized exchange built on Solana. The power of the renowned blockchain allows Serum to have 100% blockchain order, blazing execution speeds and extremely cheap fees.
Helium (HNT)
Helium is a brand new digital currency created to provide and verify wireless coverage soundness and connect devices to the internet via hotspots. HNT is native token of Helium decentralized blockchain-powered network designed for Internet of Things (IoT) devices.
Project Helium is building the world’s first P2P wireless network that allows low-power devices to exchange and transmit data through its own nodes network.
These nodes, also known as “access points,” are a combination of a wireless gateway and a blockchain mining device. Thus, users managing these nodes can mine and get rewarded in HNT for their contribution.
Helium aims to improve the communication capabilities of wireless IoT devices. In 2013, IoT infrastructure was still in its infancy, but devs wanted to add decentralization to their offerings, so they called it the “People’s Network” in the official papers.
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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