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.
Harvest Finance (FARM)
FARM is the native governance token of Harvest Finance, a decentralized financing and yield farming platform running on the Ethereum. The token holders can vote on proposals for the FARM operating treasury and receive a 5% commission on Harvest transactions.
“Harvest automatically grows the highest yields available with the latest DeFi protocols and optimizes them from the latest income-generating practices,” the developers report.
Harvest was designed specifically for those looking for a seamless way to ‘cultivate’ the hottest projects while making revenue. When you deposit your tokens (DAI, USDC, WBTC, and other supported assets) into Harvest Finance, they activate high-yielding agricultural opportunities for you to receive an fAsset (fDAI, fUSDC, fWBTC) that generates a pro-rata share of the farming income.
HiFi Finance (HIFI)
HIFI is an ERC-20 token that acts as a rate and collateral in the HiFi Finance lending protocol. In addition, holding HIFIs is a prerequisite to being able to claim a pro-rata staking fee.
HiFi Finance (formerly Mainframe) is DeFi service provider and a marketplace. The project aims to bridge consumer loans and decentralized finance. This will unlock plenty of fresh opportunities for DeFi, including the critical elements you need for effective under-collateralized and zero-collateralized loans.
HiFi Finance allows anyone to generate yTokens using approved collateralized assets. yTokens are a zero coupon bond instrument, which represent on-chain debt obligations that mature at a specific future date.
JUST (JST)
JST is a TRON-based TRC-20 native token of the JUST ecosystem. The token is used to manage dApps and various protocols across the entire JUST. It can be earned through mining, trading and participating in promotional campaigns.
JUST is striving to develop DeFi protocols using Tron and to provide its users with versatile financial solutions.
There are two types of tokens used on the platform: USDJ and JST. USDJ is a stablecoin pegged to the US dollar (1 USDJ = 1 USD). JST is used for governance through decentralized voting. The token can be also obtained by making deposits, lending, providing liquidity or performing other financial arrangements.
The platform also provides stable lending opportunities. Users can stake TRX to raise USDJ via the CDP Collateralized Debt Position] portal.
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.
If you don’t want to count on luck, RevenueBot offers an automated trading interface. You can trade on the leading crypto exchanges, including: Binance, Bittrex, FTX, OKX and others. RevenueBot allows traders to create trading bots that provide stable passive income. Among the main advantages of the platform we can highlight the following:
- Fees for the service are charged only after the first profit, no prepayment required;
- RevenueBot’s native marketplace is a great way to buy a ready-made bot as well as to sell a lucrative configuration;
- The RevenueBot referral program enables you to earn without having to do any trading by yourself;
- RevenueBot uses a Dollar Cost Averaging (DCA) strategy, through which you can successfully trade and make profits over the long run;
- Automatic switching of trading pairs makes it possible to benefit from trading at any time. The bot itself will switch to another trading pair if the main one will not be able to do the earning.
You can learn more about the features of the platform on the RevenueBot official website.