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.
Aergo (AERGO)
AERGO is the native token of the Aergo blockchain used for conducting exchanges and swaps between users. It also functions as a reward for network participants to support the Delegated Proof-of-Stake (DPoS) consensus mechanism.
AERGO provides a complete ecosystem of decentralized applications (DApps), technologies, and service providers that leverage secure cloud delivery models.
The main goal here is to bridge both independent developers dealing with blockchain and IT giants to better harness their resources and expertise within the integrated system. The platform empowers business and individual devs to build and deploy their applications effortlessly in both blockchain and cloud environments, providing a great choice between public and private blockchains.
Nexus (NXS)
NXS is a decentralized currency featuring one-of-a-kind algorithm and extra functionality for transactions. Nexus introduces a P2P aimed at improving the speed, scalability, security and availability of existing blockchain protocols.
The underlying concept of the project is to create a fully decentralized exchange that provides a level playing field for various activities involving the crypto in question. To achieve this goal, the developers behind the cryptocurrency envision list the coins right into outer space, using a CubeSat satellite orbiting the Earth. Such a move will allow transactions to take place without oversight from authorities, thus ensuring free disposition of coins and a one-stop shop for all transactions.
The CubeSat’s antennas will provide network coverage across the planet, allowing anyone to join the system, regardless of where they happen to be.
MANTRA (OM)
OM is a digital asset used on a DeFi platform dubbed MANTRA (previously known as MANTRA DAO). It is designed to govern the platform through a voting system while also serving as a tool to generate passive income through staking.
Not only is Mantra going beyond its governance functionality, but it is also used for decentralized lending (crypto loans). Moreover, it is based on the Parity Substrate framework in the Polkadot ecosystem.
MANTRA uses Rio Chain, a blockchain developed using Substrate, to build and maintain its financial ecosystem. This blockchain is extremely secure, highly scalable and it easily integrates with the Polkadot network.
In fact, the platform provides access to a wide spectrum of financial instruments. These include generating passive income from staking as one of the first favored opportunities.
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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