The week was excellent for the crypto market with Bitcoin (BTC) going up over 18% and coins like BAKE, RVN, PROM, DODO, PROS, FRONT, CAKE, BURGER, BNB, XVS also in the bright green.
Let’s BAKE a CAKE and take a closer look at this weeks top crypto performers.
BakerySwap bills itself as the next iteration of Uniswap. It aims to be a faster, cheaper, and tastier version of Uniswap. Liquidity providers will be rewarded with BAKE tokens from which they can earn a share of BakerySwap’s trading fees and use for voting as part of BakerySwap’s governance.
Ravencoin is a blockchain specifically dedicated to the creation and peer-to-peer transfer of assets. Just as Monero is solely focused on privacy, Ravencoin specializes in asset transfer – nothing more, nothing less. Although you can exchange assets over other blockchains, like Bitcoin and Ethereum, that’s not their intended purpose. And the lack of specialization leads to problems that are specific to transferring assets. Read more
Prometeus Network is a secure and decentralized ecosystem designed to solve real-world problems in data brokerage, created for the Influencer Marketing, Medical and Insurance data market industries. Prometeus Network is developed by Prometeus Labs. A company existing out of data scientists and entrepreneurs who have been working for more than 15 years on machine learning, business development and marketing.
DODO is a Chinese decentralized finance (DeFi) protocol and on-chain liquidity provider whose unique proactive market maker (PMM) algorithm aims to offer better liquidity and price stability than automated market makers (AMM). Read more
Prosper is a cross-chain prediction market and hedging platform that is pioneering the technology of on-chain liquidity aggregation. Prosper uses Chainlink oracle to provide the most accurate price feeds.
Frontier is a chain-agnostic DeFi aggregation layer. With our applications, users can participate in protocol tracking and management, staking, liquidity provision, CDP creation & monitoring, and more.
PancakeSwap is a decentralized exchange for swapping BEP20 tokens on Binance Smart Chain. PancakeSwap uses an automated market maker (AMM) model where users trade against a liquidity pool. Such pools are filled with users’ funds. They deposit them into the pool, receiving liquidity provider (or LP) tokens in return. They can use those tokens to reclaim their share, plus a portion of the trading fees.
BurgerSwap is the first democratized decentralized AMM on Binance Smart Chain, built without the control of any centralized entity, through smart contracts.
BurgerSwap has been developed based on the DEMAX decentralized finance platform built on Binance Smart Chain, enabling a swapping mechanism with democratic decentralized mechanics which allows changing parameters by the community through transparent voting. Read more
Binance Coin is the cryptocurrency of the Binance platform. It is a trading platform exclusively for cryptocurrencies. The name “Binance” is a combination of binary and finance.
Thus, the startup name shows that only cryptocurrencies can be traded against each other. It is not possible to trade crypto currencies against Fiat. The platform achieved an enormous success within a very short time and is focused on worldwide market with Malta headquarters. Read more
Venus is described to be an algorithmic money market and synthetic stablecoin protocol exclusively on Binance Smart Chain. Venus claims to enable users to utilize their cryptocurrencies by supplying collateral to the network that may be borrowed by pledging over-collateralized cryptocurrencies. This creates a secure lending environment where the lender receives a compounded interest rate annually (APY) paid per block, while the borrower pays interest on the cryptocurrency borrowed. Read more
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