Hearing all the buzz about cryptos, if you are considering investing in 2021, there are uncountable cryptocurrencies in the market to make a choice on. So, now is the time to make a smart decision! Recently, Defi tokens have created new ways to attain access to some emerging and promising opportunities in a permissionless manner.
While we watch continuous new protocols exploring distinct forms of tokenization, you can likely grab this chance to capture the upside of the trustworthy Defi products with more flexible accessibility.
Firstly, the user should obtain a source to purchase digital assets via cryptocurrency exchanges or other ways like PayPal. However, you can conduct your own research about choosing the right cryptocurrency exchange and other factors with your priorities and requirements.
The user will also need a cryptocurrency wallet to secure the blockchain link that will give you access to your crypto coins. For every instance conduct your own research separately. Lastly, before making any crypto investment, consider the volatile market of cryptocurrency, its features, and risk management.
Let me introduce some common names that have touched the hearts of traders in recent months.
1. MoonSwap token (MOON)
This token is an ERC20 reward mechanism asset for holders as all the fees accrued on its platform are distributed amongst moon holders. The team built MoonSwap and moon token on Layer 2 solution to automated market making.
This was all for the sake of their users holding assets on Ethereum to offer a high-speed and zero gas fee experience. They are aiming to achieve a higher asset utilization.
2. TrustMoon Token (TrustMoon)
TrustMoon is a community-driven Defi token developed with smart liquidity and a reward mechanism. This protocol was built on a layer 2 protocol powered by the BSC network. TrustMoon project is an initiative to develop an improvised network offering decentralized financial banking solutions.
This platform aims to facilitate a blockchain network rewarding facets like LP acquisition tools, manual burn, static rewards, etc. There are very few firms that offer such prominent services with great transparency as TrustMoon does. Recently, the company announced its bounty campaign distributing 25 trillion tokens.
Also, around 10% of every transaction will be used to reward the token holders that will add finite liquidity. Whereas, 3% tends to be distributed with all token holders. TrustMoon hold a motive-> Smart Contract – Pre-Sale – PancakeSwap – Exchanges – To the Moon!
3. Uniswap Token
This platform was launched in 2018 built on the Ethereum blockchain ERC-20. Currently, it ranks as the 12th largest decentralized finance platform according to Coinmarketcap. This firm holds over $3 billion of crypto assets that are locked away on its protocol.
This token works on two smart contracts- exchange contract and factory contract. These contracts are basically automatic computer programs that are created to carry out some particular functions when it meets certain conditions.
By using the factory smart contract, you can add new tokens to the platform, while using the exchange contract the user can swap or trade all tokens.
4. Shiba Token (SHIB)
SHIB is a relatively new digital asset that already took over some Dogecoin markets. It is a decentralized spontaneous community-based experiment created within the SHIBA INU ecosystem.
Shiba Inu called as Shiba token represented as SHIB is a decentralized crypto coin launched by Ryoshi in August 2020. At the time of writing, the market cap value of the Shiba token was $3,593. The creators claim to release the next coin- Bone Dogecoin Killer soon.
There are many more on the list, however, the above-mentioned tokens are the worth value investing coins that are highly reliable. Also, before investing or planning to trade, you need to do your homework to conduct research from your end thoroughly and then decide what is best for yourself.
Disclaimer : Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.