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.
Dock is a native token of the eponymous platform which supports smart contract functionality. Its value depends on the overall user base growth. The token is used as an incentive for a great variety of purposes such as:
Voting: token holders have the chance to cast a vote regarding the implementation of upcoming features and to propose their own ideas.
Data access: apps use DOCK to provide users with access to desired data through the protocol.
Data sharing: users can be rewarded when they add new data.
All in all, Dock is a decentralized data sharing protocol that empowers people to control and to take a whole ownership of their data, while also enabling interoperability between different networks.
AKRO is an Ethereum-based ERC-20 governance token. By holdiing AKRO, you are eligible to vote on a pool’s parameters updates, such as interest rate, bond curve, and loan collateralization ratio.
Akropolis itself is a financial protocol designed specifically for non-banking needs. It can be implemented on any blockchain with a Turing-complete virtual machine, while currently running on the Ethereum.
Akropolis’ vision is to empower people with the tools to keep, accrue and secure their funds, whatever their geographical location, avoiding the risks posed by centralized intermediaries or embezzlement by finance-related ones.
Based on decentralization principles instead, the developers built AkropolisOS, a lightweight and modular framework for creating DAOs with customizable user incentives, automatic liquidity provisioning, programmatic liquidity management and fund accounting.
IRIS is a native token of the IRISnet network for delegating, participating in the consensus mechanism, paying transaction fees, and executing smart contracts. IRIS is also used to create governance proposals and vote on them within the system.
IRISnet (a.k.a IRIS Hub) is designed to be the foundation for the next generation distributed applications. Built with Cosmos-SDK, IRIS Hub enables cross-chain interoperability through a unified service model, while providing a variety of modules to support DeFi applications.
Not only does IRIS Hub facilitate the token transfer between distinct blockchains all over the Internet, but it also enables the consumption of data and computational resources across heterogeneous blockchain systems, as well as utilizes token economics, and offers other functionality.
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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