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. In this overview, RevenueBot highlights a few coins to keep track of.
Adex Network // Ambire (ADX)
ADX is an Ethereum-based native token of a decentralized advertising exchange called AdEx. The token is intended to buy and sell advertising space and time within the AdEx ecosystem. The project recently rebranded as AMBIRE, with a focus on the eponymous next-gen crypto wallet that provides a convenient and secure way to participate in DeFi.
AdEx is designed to disrupt and replace the traditional digital advertising models by providing a fully transparent, focused solution for advertisers to collaborate with ad publishers and reach the most fitting clients.
The project team strives to address the challenges of the traditional online advertising industry, such as ad fraud, frequent use of ad blockers, and privacy violations. What the platform is also seeking to implement is a consent-based system where users can actively participate in sponsored posts.
HNS is a payment token within the Domain Name System (DNS) that uses the alternative open source decentralized protocol dubbed Handshake. The cryptocurrency in question acts as the base layer of the decentralized Internet, where consensus between nodes is achieved using software ‘handshaking’.
Handshake is a public blockchain that focuses on decentralized domain name registration, authentication, and analysis. They have built a DNS-compatible, decentralized and license-free domain name protocol. As an alternative to existing Certificate Authorities, every participant in Handshake is responsible for managing and validating the root DNS naming zone.
The cryptocurrency in question maintains the development of Handshake system through the volunteering of its participants and makes the network resistant to attacks like Sybil [a kind of security threat on an online system where one person tries to take over the network by creating multiple accounts, nodes or computers]. HNS is also used as a means for transferring, registering and updating Internet domains. By using HNS, users can initiate auctions and bid on top-level domains, as well as trade cryptocurrency as they see fit by assigning a different value to each domain.
HEX is a ERC-20 Ethereum-based token aimed to provide certificates of deposit (CD) on the blockchain. Generally speaking, the project offers interest earning opportunities through the staking of existing funds.
HEX is a one-of-a-kind cryptocurrency that features a chart of its future locked supply, allowing you to observe future endings of big bets and to come up with a certain strategy. What this does is give investors confidence about the prospective value of their holdings. HEX also boasts the price discovery mechanism, helping to reduce market volatility by providing more accurate information about upcoming events.
NEX TruthEngine in turn rewards users for their openness about how long they intend to hold on to their coins (or HODL them, if you will) as well as about when they plan to sell them. Those users who do not comply are subject to penalties, which are then split among those who have complied. As a result, this mechanism fosters a sustainable and long-term approach to participation in the network.
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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