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.
Klaytn (KLAY)
Klaytn (KLAY) is a utility token of the Klaytn decentralized network, issued by Ground X, a subsidiary of KAKAO, and KLAY is currently running in the project’s own mainnet. The token is used to incentivize nodes for creating a new block via the Proof of Contribution (PoC or PoCo) mechanism, in addition to paying for services related to the project ecosystem. These include entertainment, games, fees, transfers, web content, etc.
Klaytn is an enterprise-grade, service-centric platform that brings user-friendly blockchain experience to millions. It combines the best features of both public blockchains (decentralized data & control, distributed governance) and private blockchains (low latency, high scalability) via an efficient ‘hybrid’ design.
Klaytn facilitates the integration of blockchain into the wide spectrum of business models, enabling both enterprises and entrepreneurs to improve efficiency and expand their sales capabilities.
Moreover, the network enables businesses and entrepreneurs today to capture value using blockchain technology. The platform also provides user-friendly tools for developers and a whole new networking opportunity for business and service partners.
Revain (REV)
REV is the underlying ERC-20 token of the Revain platform. This token allows businesses registered on the platform to incentivize product review writers.
As for the Revain itself, it is a blockchain-based digital platform designed for sharing unbiased reviews. It allows you to post and exchange reviews of services and products provided by a variety of programs and publish those reviews online. Revain’s main goal is to provide the community with a trustworthy source of feedback about projects, CEXs, and other crypto-related entities.
In fact, there are two tokens listed on Revain – REV and RVN. REV is just a focus tool running on the Ethereum, while RVN is a stable, volatility-resistant native cryptocurrency, which can be used for any and all transactions within the platform, ensuring fixed maintenance costs.
Injective Protocol (INJ)
INJ is Injective Protocol’s native token, designed to govern the protocol, serve as collateral for derivatives, and act as a rate for staking.
Injective Protocol itself is a versatile DEX for cross-chain derivatives trading with a wide spectrum of financial solutions, such as perpetual swaps, futures and spot trading.
The platform utilizes both the Ethereum and Cosmos ecosystems via peg zones in order to create a lightning-fast cross-chain trading infrastructure, zero gas fees. Injective aims to build a network that is censorship-resistant, publicly verifiable, and front-running resistant.
The protocol in question was founded back in 2018 and has managed to build the first Layer-2 DEX protocol that unlocks the full potential of DeFi. Injective is considered as a fully decentralized and robust cross-chain DEX supporting a wide array of derivatives including CFDs (contract for difference), perpetual swaps and more.
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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