The week was really bad for the crypto market with Bitcoin (BTC) going down over -17.48%, but some coins TRY,
SOL, CELO, PSG, MKR, CAKE, INJ, TKO, WNXM, VAI were in the green which was good.
Let’s take a closer look at this weeks top crypto performers.
TRIAS aims to create a new-generation public chain that will support the execution of general-purpose
native-applications on all platforms. Read more
Solana is a highly functional open source project that banks on blockchain technology’s permissionless nature to
provide decentralized finance (DeFi) solutions. While the idea and initial work on the project began in 2017,
Solana was officially launched in March 2020 by the Solana Foundation with headquarters in Geneva, Switzerland.
The Solana protocol is designed to facilitate decentralized app (DApp) creation. It aims to improve scalability
by introducing a proof-of-history (PoH) consensus combined with the underlying proof-of-stake (PoS) consensus of
the blockchain. Read more
Celo enables participation on the Platform, with the opportunity to earn rewards through network participation.
Celo’s stability mechanism and token economics are designed in such a way that demand for cGLD directly
increases as demand for Celo Dollars (cUSD) and other stable value assets increases.
cGLD is a native cryptographic digital asset created at the mainnet release of the Celo Platform. Read more
The Paris Saint-Germain Fan Token (PSG) is a utility token that gives Paris Saint-Germain fans a tokenized share
of influence on club decisions using the Socios application and services. The token serves as a membership key
that allows users to compete for exclusive rewards, club recognition, and more. Read more
MKR is a cryptocurrency depicted as a smart contract platform and works alongside the Dai coin and aims to act as
a hedge currency that provides traders with a stable alternative to the majority of coins currently available on
the market. Maker offers a transparent stablecoin system that is fully inspectable on the Ethereum blockchain.
Founded almost three years ago, MakerDao is lead by Rune Christensen, its CEO and founder. Read 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. Read
more
Injective Protocol describes itself as the first layer-2 DEX that unlocks the full potential of decentralized
derivatives and borderless DeFi.
The Injective Chain is implemented as a Cosmos SDK module, built with Ethermint (EVM on Tendermint). It utilizes
a Tendermint-based Proof-of-Stake to facilitate cross chain derivatives trading across Cosmos, Ethereum, and
many other layer-1 protocols. Read more
Tokocrypto was launched in September 2018 and became the first entity registered under Indonesia’s Commodities
Futures Trading Regulatory Agency (BAPPEBTI) by November of that year. Tokocrypto’s latest project, TKO, is the
first Indonesian cryptocurrency to offer a unique hybrid token model. Read
more
NXM is the governance token for the Nexus Mutual protocol. It is used to buy cover, vote on governance decisions,
and participate in Risk and Claims Assessments. It is also used to encourage capital provision and represents
ownership to the mutual’s capital. As the mutual’s capital pool increases, the value of NXM will increase as
well. Read more
VAI is a decentralized stablecoin on the Venus Protocol exclusively on Binance Smart Chain. Read more
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