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.
RLC is an Ethereum-based ERC-20 token. Its main purpose is to provide interoperability with dApps while relying on Ethereum smart contracts as well as to offer access to the services, datasets and computing resources that users are looking for.
IExec aims to address the current limitations of centralized clouds that stifle business opportunities and innovation. The basic concept here is to organize distributed computing power to handle High-Performance Computing (HPC) applications and extensive databases.
Moreover, iExec blends multiple network participants, including server vendors, application developers, data providers and end customers. You can basically do all kinds of business in the iExec ecosystem.
SingularityNET is an open-source decentralized platform specifically designed to become a global decentralized marketplace for AI.
This platform allows you to create, monetize and use artificial intelligence in your projects. Anyone can add their AI or machine learning (ML) services to SingularityNET for general use and receive AGI tokens as rewards. At SingularityNET, the primary goal is to provide a peer-to-peer (P2P) technology where the network structure is designed in such a way as to encourage and incentivize active participants.
The platform in question provides an automated workflow that empowers any business to combine existing artificial intelligence tools to create the solutions they seek. By using straightforward tool customization, SingularityNET ensures both configuration and data availability, reducing unnecessary duplication of efforts and boosting the efficiency of the development process.
bZx Protocol (BZRX)
bZx is another DeFi protocol built on the Ethereum. It offers opportunities to create applications for lenders, borrowers, and traders, as well as to execute margin trades with no third party involved.
The main feature of bZx Protocol is the use of a token system fully managed by smart contracts, which provides automation of workflow. It is completely decentralized, which implies that it is free of any kind of control, say, by a specific group of individuals or company.
There are three major tokens within the bZx system: iTokens, pTokens and BZRX. All three are ERC-20 tokens and perform pivotal functions in running the protocol.
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.