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.
pNetwork (PNT)
PNT is a utility token designed for interaction within the PNetwork and can also be used for staking to participate in governance decisions.
PNetwork itself is a decentralized system open to contributions. It complements the blockchain while letting it realize its full potential.
The ecosystem aims to address the limitations of blockchain technology. The security-oriented technology suite is geared towards improving the DeFi efficiency as well as the interoperability of different blockchain networks.
pNetwork represents the underlying open-source architecture that powers the pTokens system. It is essentially a network of nodes called “validators” who keep the system running, ensuring the minting and redeeming of pTokens is done in an efficient and secure way. They also ensure there is no single point of failure and that bad actors can’t infiltrate the system or compromise it.
Contentos (COS)
COS is a Contentos system’s native token meant to incentivize platform users for high-quality content.
Contentos is a global decentralized content system. Their vision is to build a “decentralized digital content community that allows content to be freely produced, distributed, rewarded, and traded, while protecting author rights”.
Contentos also intends to establish itself as the future Ethereum of digital content, accepting content DApps of all kinds. The team will incentivize content creation and global diversity and return the rights and value of content to its users.
What’s more, Contentos is sponsored by Binance Labs, DHVC and a wide range of leading funds.
Badger DAO (BADGER)
BADGER is an ERC-20 token that currently contains all the functionality you would expect from a governance token. You can hold it, trade it, and vote on governance proposals.
Badger is a decentralized autonomous organization (DAO) with a single purpose: build the products and infrastructure necessary to accelerate Bitcoin as collateral across other blockchains.
Badger DAO’s debut products include Sett, a yield aggregator, and Digg, a BTC-pegged elastic supply currency. Traditional server assistants ensure that necessary system updates are provided. These include oracles, holders, and system monitors.
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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