All the things you wanted to know about Bitcoin and the other cryptocurrencies

Best 7 Tokens and Their Use Cases


With such a broad spectrum of different coins and tokens, it could be challenging to figure out where and how to use your crypto. Let’s look closely at the crypto market’s 7 most popular and trustable assets and their use cases to make it easier. Why did these coins turn up? For what purpose? Let’s dot the i’s and cross the t’s together.

  • Solana ($SOL)

That’s a cutting-edge blockchain with a unique consensus called Proof of History (PoH). The algorithm is innovative because it allows the Solana blockchain to process up to around 700k transactions per second. The platform supports the smart contract and charges the lowest fee.

The blockchain’s and the entire ecosystem’s native currency is $SOL, used for transaction fees, staking, as a payment method within the blockchain, and governance.

  • STEPN ($GMT)

Stepn is the pioneer and the most popular Move-to-Earn app that literary blew up the P2E industry. The project’s main purpose is to popularize a healthy lifestyle and make it profitable. Stepn designed NFT sneakers, which are used to jog and walk while earning crypto.

$GMT is a governance token and is also accepted as payment for various activities within the game.

  • Harmony ($ONE)

This blockchain solves scalability and decentralization issues using sharding technology. The platform is used for ordering credit ranking systems, data exchange systems, and play-to-earn (P2E) games.

$ONE token is a platform’s native token, and it’s used for governing purposes, transactions, paying gas fees, and staking.

  • Compound ($COMP)

This algorithmic protocol acts as a decentralized bank alternative, empowering crypto market investors and traders to deposit their crypto funds and borrow crypto assets with collateral.

$COMP is a governance token created to incentivize its users for active platform usage.

  • MakerDAO ($DAI)

This is the project that runs on Ethereum, and it was created as an alternative to the existing stablecoins. MakerDAO’s stablecoin is supplied by users and ensured by the exact amount of $ETH. The provision of issued stablecoins is locked within the smart contract.

$DAI can be used in all DeFi protocols running within the open-source Ethereum blockchain.

  • Litecoin ($LTC)

It’s an open-source blockchain and a peer-to-peer (P2P) payment system. Litecoin is one of the main Bitcoin competitors because of its higher speed of transactions and low fees. The blockchain uses an alternative cryptographic algorithm that allows cutting a new node generation.

$LTC is frequently used to make a cross-board money transfer for investment purposes and for participating in speculative trading. Here’s the Litecoin Wallet Create link. 

  • PancakeSwap ($CAKE)

That’s a  DEX (decentralized crypto exchange) that doesn’t require its users for KYC and sign-up procedures. The exchange operates on the Binance Smart Chain, allowing swift trades and crypto swaps with minimal fees. Users only need to connect their crypto wallet to work with the exchange.

$CAKE is used to engage with the exchange, make price predictions, and participate in a lottery.

Leave A Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Related Articles