It will not be a fair description if we say that the coin market is only filled with hundreds of cryptocurrencies. The coin market has thousands of alternatives for users to try out. Despite the thousands of available options, you’ll find that most traders buy the same coins. Why? Only a few tokens are dependable in terms of their profitability and longevity. And these are the tokens most traders spend their time buying.
Are you interested in projects that crypto traders should target in the coin market? Keep reading to learn more. In this article, we will explore Polkadot ($DOT), Uniswap ($UNI), and Cryptoons ($CTOON).
Polkadot (DOT): Strong Utility and Support Network
Polkadot is a project that crypto traders would love to jump on for several reasons. The first thing to note about this cryptocurrency is its fantastic utility. Polkadot has one of the most unique utilities you’ll ever find on the coin market. It’s unlike most cryptocurrency projects that are concerned about processing transactions quickly. Polkadot is designed to support other cryptocurrencies and ensure they can process transactions from one network to another.
The developers of Polkadot have an idea of creating a homogenous network of crypto tokens. Their job is to ensure that projects can be processed on multiple blockchains. Several popular projects are already on board the Polkadot blockchain. DOT is the native token of this platform. DOT can be used for staking and as a governance token.
Because of DOT’s utility to connect multiple blockchain sites, it’s possible to share the features of numerous blockchains. Users can use their decentralized applications (dApps) on one or more networks.
Uniswap (UNI): A Major Decentralised Exchange
Uniswap is the first decentralized cryptocurrency exchange in the crypto space. It was designed on Ethereum. This decentralized protocol supports peer-to-peer market-making. It allows users to swap digital assets without going through any third party. It’s unlike centralized crypto exchanges that have an order book system. Uniswap uses an automated market maker to pair its transactions with each other. This crypto exchange allows anyone to connect to it.
UNI is the token symbol for this blockchain. UNI holders control this blockchain. Uniswap is an open-source blockchain. This means that users can use the code of this decentralized protocol to create something else. Uniswap was designed on the Ethereum blockchain. As a result, Ethereum is an ERC-20 token.
Cryptoons (CTOON): Manga Meets Crypto In Promising Meeting
Cryptoons is a one-of-a-kind crypto token. It’s designed to ensure that comic book and manga lovers have a platform where they can interact freely. Many things distinguish Cryptoons from other cryptocurrency projects. The first thing to note is that Cryptoons can be used in creating NFTs. This is a utility you don’t find everywhere. By allowing NFT creation, Cryptoons joins a particular category of crypto tokens. Crypto adopts a community-centered approach. The cryptocurrency is concerned about creating a community of users concerned about the comic world’s growth.
Cryptoons’ NFT creation falls under a feature known as the NFT factory. To join the NFT factory, you would have to either be a creator, buyer, or seller. To be a creator on Cryptoons, you would need to be a comic book artist or at least have the means to prove that the work is your creation. Only then would you be allowed to mint your NFT. To buy on Cryptoons, you would need CTOON tokens.
Cryptoon is an Ethereum-based project. As a result, CTOON is an ERC-20 token. This token will also be distributed as a reward to loyal community members. Cryptoons will communicate with its users regularly via Twitter. This way, users can stay informed about whatever is going on in the community. Cryptoons will also keep users informed about the latest in the coin market through the comic launchpad.
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*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.