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.
Merlin Chain (MERL)
Merlin Chain is an innovative solution seeking to empower Bitcoin by implementing Layer 2 (L2) framework while maintaining Bitcoin’s native layer-1 assets, users, and existing protocols. Key benefits of the project include low fees and high scalability as an EVM-compatible chain, enhancing transaction liquidity.
$MERL serves here as a native token that can be used to pay transaction fees, run smart contracts, and participate in governance. So these are the project’s competitive advantages we can highlight.
Webmind Network (WMN)
Webmind Network is a state-of-the-art initiative in the field of web3 and crypto, intended to reshape the way we interact with and conceptualize the Internet. Such a visionary project aims to contribute to the development of a more decentralized, secure, and user-centric web.
Webmind’s goal is to create a more equitable and inclusive digitalized future. Through cutting-edge technology, the project strives to encourage individual users to embrace crypto, to reduce centralized control, and develop a global network across conventional barriers between communities.
Parcl (PRCL)
Parcl is an automated market maker (AMM) offering perpetual synthetic assets that reflect various real estate markets. Unlike traditional exchanges, Parcl employs a one-of-a-kind architecture to ensure solvency, eliminate credit risk, and maximize capital efficiency. The platform runs through isolated pools [separate lending markets that support a set of assets that can be used as collateral for loans against each other – t/n], each representing a distinct market, where traders can gain exposure to price feeds whwreas liquidity providers (LPs) contribute collateral to facilitate trading.
Parcl is an absolute deal breaker in the world of synthetic real estate investing since it offers a sophisticated yet accessible platform for traders LPs alike. With an innovative approach to liquidity provision, tailored risk management, and price execution, Parcl sets a new standard for DEXs, opening up truly unparalleled opportunities in finance.
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.
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;
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- 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.
RevenueBot hosts a Telegram group for its customers and an official Telegram channel, where you can find the latest news and info about the crypto industry. You can learn more about the features of the platform on the RevenueBot official website.