BitTorrent, Axie Infinity, Crypto.com Coin, KuCoin coin & Wazirx Coin – 5 Reasons These Cryptocurrencies to be the Game Changer
The market capitalization of cryptocurrencies has grown exponentially in 2021
The all-around rise in interest in cryptocurrencies can be attributed to many factors. One of them is the fact that it has become a household topic in the financial sector. The market capitalization of cryptocurrencies has also grown exponentially in 2021, which means that more and more people are taking note of digital currencies and their benefits. However, the price of Bitcoin has been rising and falling like a rollercoaster. Many experts say the only way is up, but others aren’t too sure.
Here are some potentially game-changing cryptocurrencies surging right now:
BitTorrent Coin (BTT)
BitTorrent Coin is the utility token created by the team behind BitTorrent, one of the most widely used peer-to-peer (P2P) file-sharing platforms and software clients. The BitTorrent protocol is one of the most efficient methods of distributing large-sized content to a broader audience.
BitTorrent’s aim with this token is to incentivize users who seed files after downloading them, theoretically making torrents faster and more available. Furthermore, it will allow torrent uploaders to bypass internet service providers (ISPs), allowing a more unrestrained online activity.
A game where you can adopt and battle fantasy creatures called “Axies” via smart contracts on the Ethereum network. The game allows users to trade their Axies with other players, breed them, and train them for battles. All this is possible due to the utilization of blockchain technology.
Axie Infinity was founded by two Sony and DeNA games US-based vets: David Silver and Jared Irish. They have an amazing team that is wholly dedicated to making this game as good as it can be. The core team also comprises people with an amazing amount of experience in game design and marketing in general.
They are also transparent about their goals, with no controversial hidden agenda. Axie Infinity has a strong community of investors, influencers and casual gamers. Additionally, their game-play is focused on creating a fun experience for players and no special skills are needed to get an avatar. The team is invested in developing tools to help grow the game and ecosystem, more reason to be a game-changer.
Crypto.com coin (CRO)
This cryptocurrency which offers peer-to-peer payment solutions was developed by “Crypto.com” – formerly known as Monaco Technologies. This company was founded in 2016 by Kris Marszalek, the CEO of the company at present. MCO is a token that works on the Ethereum blockchain protocol. Some of the reasons it could be the game-changer include:
• The platform uses Crypto with Fiat support since fiat currency isn’t on blockchain and this is what holds many people back from fully embracing crypto.
• A decentralized platform that does not require personal information or ID verification.
• The MCO Visa Card (Credit card backed by cryptocurrency).
• Crypto.com has its own exchange called Prime (Prinde) that allows users to buy and sell any cryptocurrency available on the site along with trading pairs such as USD/BTC and EUR/ETH etc.
• Crypto.com also plans on expanding in the future to hold ICO’s, which will allow users to buy tokens using their website.
Bitgert was launched in December 2017, and its main focus is on Asian markets. It has its own native token known as Brise, which can be used to pay for trading fees on the exchange itself or order discounted trades. With an impressive 100 million premine block reward at launch, Bitgert is shaping up to be one of the most promising cryptocurrency investments. The token was launched with solid marketing and a strong value proposition aimed at businesses and investors alike.
Furthermore, many companies have expressed interest in developing applications that use BRISE tokens or have already started doing so. ICO contract design also allows for virtually unlimited token issuance over time using a decentralized infrastructure.
Centcex Coin (CTX)
This cryptocurrency exchange based out of the United States aims to solve all problems associated with centralized exchanges while providing users with an easy-to-use interface. It also has its own cryptocurrency called Centcex Coin, which merchants – especially e-commerce businesses- can use to make quick and secure payments to/from their clients who might want to pay in either Bitcoin or USD. The main USP of this decentralized exchange is that it offered a 0% fee until the end of 2018 that helped shape its user base.
KuCoin Coin/Shares (KCS)
This is a native ERC20 token on the Ethereum blockchain that works on a decentralized exchange (DEX) called KuCoin. This exchange offers pretty much all the essential features one might expect from a top-notch crypto-trading platform such as multiple security protocols, a mobile app for trades, etc. In addition, the DEX allows for the execution of trades at zero fees and ensures transparency with all transactions. Moreover, it also supports multiple currencies like BTC, ETH etc.; however, these can only be traded through KuCoin coins for now and not in pairs directly.
The exchange itself has emerged as one of the most promising early players in the cryptocurrency space and aims to rival Binance in terms of trading volume and user base in the coming years.
One unique thing about KuCoin is that they share 50% of their trading fee revenue, with users holding their KuCoin coins locked up inside special wallets linked to their accounts. Users are rewarded daily based on how many tokens they have in their KuCoin wallets.
WazirX Coin (WZR)
This exchange allows users to trade BTC, ETH, XRP etc., by utilizing smart contracts on the Ethereum network. In addition, it also offers various other products/services like BCH wallet services, UPI based money transfer services etc. However, the main USP of this crypto-exchange is that it aims to make crypto transactions more mainstream by allowing users to trade in fiat without having to go through the tedious KYC process every time they want to trade/withdraw funds.
WazirX Coin is used for all transactions on the exchange itself — in terms of both trades and withdrawals. Their unique selling proposition is that they have zero fees on transactions. Although one can already find several exchanges offering zero fees for traders, since this platform is based out of India – it could be well-received by Indian investors given that fiat currency transfers or deposits will be easy.
Share This Article
Do the sharing thingy