SPONSORED POST*
The crypto market has entered a period of recession known as the crypto winter. As such, crypto tokens are witnessing significant price declines from all-time highs. This drop in token prices has caused a bit of a frenzy among investors as they make moves to preserve capital.
This recession is not unique to the crypto market as the forex, options, and stock markets have all been equally affected. While some investors might want to protect their capital, others are hunting for small-cap gems trading below their value. These small-cap gems have the potential to rebound and surpass expectations when the markets settle.
The crypto winter is however a volatile time to invest in crypto tokens as prices remain unstable. Investors therefore should conduct thorough investigations before investing in a token.
STEPN (GMT), Bitcoin (BTC), and Celphish Finance (CELP) are three crypto tokens set to survive the crypto winter. These projects show promise as they tick most boxes for investors. They have solid fundamentals, tokenomics, and use cases.
Furthermore, they show strong signs of price rebounds when the market stabilizes. Want to know more about these crypto tokens? Here is a breakdown of each token.
Summary
STEPN (GMT)
STEPN (GMT) is a Web3 fitness and lifestyle project built on the blockchain. It uses crypto to incentivize users to exercise. STEPN uses elements of crypto gaming such as play-to-earn mechanisms to reward users when they perform physical activities. Users purchase NFT sneakers on the platform and activate them to start receiving rewards.
The STEPN project is built on the Solana (SOL) blockchain, therefore, users would have to get Solana compatible wallets to receive their rewards. Physical activities that can earn users rewards include walking, running, or jogging.
The STEPN platform operates a multi-token system. The GMT token is for governance, while the GST token is used for transactions. GMT Holders have the rights to vote on proposals and propose changes to the platform.
Conversely, GST holders can use GST for in platform transactions and receiving rewards. To be a part of this revolution, you would need to download the STEPN app to get started.
One token to rule them all? – Bitcoin (BTC)
Bitcoin (BTC) was launched in 2009 and is the first cryptocurrency project in existence. Satoshi Nakamoto is an anonymous individual or group of individuals credited with the creation of Bitcoin. In the released white paper, Satoshi detailed how Bitcoin was the future of finance and would use the blockchain to facilitate transactions. It would create a decentralized monetary system outside legacy banking institutions that is free from censorship. Bitcoin would run on nodes which would solve hard mathematical questions to validate transactions on its blockchain. This process is now known as the Proof of Work (PoW).
BTC is the token of the Bitcoin network and is spent in transactions or used as a store of value. The blockchain uses cryptographic wallet addresses from which users can send or receive BTC. Miners who run nodes receive BTC rewards for each transaction they validate as compensation for securing the network. As the first crypto project, Bitcoin remains the most popular and largest by market cap.
Celphish Finance (CELP)
Celphish Finance (CELP) is an NFT and DeFi platform. It would help users get more out of their NFTs and give them more options for liquidity. Additionally, the project would help users protect their NFT assets from hacks and give them the tools to properly manage their crypto assets. Furthermore, it would create easily accessible DeFi solutions for users to easily access the financial services they need at the touch of a button.
The CELP token is the utility token of Celphish Finance, it would ensure users can perform transactions on the blockchain. The Celphish Finance token pre-sale is currently ongoing.
Purchase crypto tokens and get rewarded with bonuses. Receive a 15% bonus when you purchase CELP tokens with BNB and a 10% bonus when you purchase CELP tokens using ETH. Additionally, you can take advantage of the referral scheme and earn $25 worth of CELP tokens when your referral spends $75. Remember that bonuses can stack!
Links below for more info on this token:
Presale: https://cel.celphish.io
Website: http://celphish.io/
Telegram: https://t.me/CelphishFinanceOfficial
*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.
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