BitTorrent, Axie Infinity, Crypto.com Coin, KuCoin Coin, Wazirx Coin – 5 Reasons Why These Cryptocurrencies Are Game Changers
Cryptocurrency market capitalization has grown exponentially in 2021
The overall 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 noticing digital currencies and their benefits. However, the price of Bitcoin rises and falls like a roller coaster. Many experts say the only way is to walk, but others aren’t sure.
Here are some of the potentially game-changing cryptocurrencies that are on the rise right now:
BitTorrent Coin (BTT)
BitTorrent Coin is a 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 effective ways to distribute high volume content to a wider audience.
BitTorrent’s goal with this code is to incentivize users who stream files after downloading them, theoretically making torrents faster and more available. Furthermore, it will allow torrent downloaders to bypass Internet Service Providers (ISPs), allowing for more unrestricted online activity.
A game in which you can build fictional beings called “Axies” and fight them via smart contracts on the Ethereum network. The game allows users to exchange their hubs with other players, raise them, and train them for battles. All this is possible due to the use of blockchain technology.
Axie Infinity was founded by two US-based Sony and DeNA vets: David Silver and Jared Irish. They have a great team that is completely dedicated to making this game as good as possible. The core team also includes people with an amazing amount of experience designing games and marketing in general.
They are also transparent about their goals, without a hidden, controversial agenda. Axie Infinity has a strong community of investors, influencers, and casual players. In addition, their gameplay focuses on creating an enjoyable experience for players and does not require special skills to get the avatar. The team is investing in developing tools to aid in the development of the game and the ecosystem, which is all the more reason to change the rules of the game.
Crypto.com currency (CRO)
This cryptocurrency offering peer-to-peer payment solutions was developed by “Crypto.com” – formerly known as Monaco Technologies. This company was founded in 2016 by Chris Marsalek, the CEO of the company at present. MCO is a token that runs on the Ethereum blockchain protocol. Some of the reasons that might change the rules of the game include:
• The platform uses Crypto with Fiat . support Since fiat currency is not on the blockchain and this is what prevents many people from fully embracing crypto.
• A decentralized platform that does not require personal information or identity verification.
• MCO Visa Card (credit card backed by cryptocurrency).
• Crypto.com has its own trading platform called Prime (Prinde) which allows users to buy and sell any cryptocurrency available on the site along with trading pairs like USD/BTC, EUR/ETH etc.
• Crypto.com is also planning to expand in the future to hold an ICO, which will allow users to purchase tokens using their own website.
Bitgert was launched in December 2017, and its main focus is on the Asian markets. It has its own native token known as Brise, which can be used to pay trading fees on the exchange itself or to order discounted deals. With an impressive bonus of 100 million initial blocks at launch, Bitgert is shaping up to be one of the most promising crypto investments. The token was launched with strong marketing and a strong value proposition targeting businesses and investors alike.
Moreover, several companies have expressed interest in developing applications that use BRISE tokens or have already begun to do so. The design of the ICO nodes also allows for almost unlimited token issuance over time using a decentralized infrastructure.
Centcex Coin (CTX)
This US-based cryptocurrency exchange aims to solve all the issues 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 companies – can use to make fast and secure payments to/from their customers who may want to pay in either bitcoin or US dollars. The main USP advantage of this decentralized exchange is that it offered 0% fees until the end of 2018 which helped shape its user base.
KuCoin Coin / Shares (KCS)
This is the original ERC20 token on the Ethereum blockchain that runs on a decentralized exchange (DEX) called KuCoin. This exchange pretty much offers all the basic features one would expect from a top-tier crypto trading platform like multiple security protocols, mobile app for trades, etc. In addition, DEX allows the execution of trades without fees and ensures transparency with all transactions. Moreover, it also supports multiple currencies like BTC, ETH, etc.; However, it can only be traded in KuCoin coins at the moment and not in direct pairs.
The exchange has emerged itself as one of the most promising players in the crypto space and aims to rival Binance in terms of trading volume and user base in the coming years.
One of the unique things about KuCoin is that they share 50% of the proceeds from their trading fees, as users keep their KuCoin coins within private wallets linked to their accounts. Users are rewarded daily based on the number of tokens they have in their KuCoin wallets.
WazirX Coin (WZR)
This exchange allows users to trade BTC, ETH, XRP, etc., through the use of smart contracts on the Ethereum network. In addition to this, it also offers various other products/services like BCH wallet services, UPI-based money transfer services, etc. However, the main USP of this cryptocurrency exchange is that it aims to make crypto transactions more popular by allowing users to Trading in fiat currencies. 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 same exchange – in terms of both trading and withdrawals. Their unique selling proposition is that they have zero transaction fees. Although one can already find many exchanges that offer zero fees to traders, since this platform is located outside India – it may be well received by Indian investors since fiat transfers or deposits will be easy.
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