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As new cryptocurrencies are created almost hourly, investors are looking for collateral. They try to distinguish between profitable and harmful investment opportunities. Building on previous disappointments, some of these new digital assets offer solace to those who have suffered losses. Others fall short of expectations.
DEXTools plays an active role in monitoring and analyzing the performance of various assets. It provides users with valuable information about the cryptocurrency market. Using the latest technology and real-time data, DEXTools identifies trending cryptocurrencies. These trending cryptocurrencies on DEXTools empower investors and traders to compete in the market.
1. Yield (YDF)
The first coin in today's list of popular cryptocurrencies is YDF. Yield is the latest NFT DeFi utility protocol that offers real income opportunities with an impressive Annual Percentage Rate (APR) of up to 50%. Its developers have implemented a revolutionary integration between tradable ERC-20 tokens and NFTs. They serve as valid deposit receipts or share certificates. His team wants to ensure protocol stability by integrating unique features. These features include an innovative perpetual futures trading engine that supports various tokens as collateral.
They also extend the usefulness of NFTs. The team uses carefully selected concepts and slogans from popular projects such as HEX, OHM, GMX and REFI. With a focus on sustainability and long-term sustainability, the team plans to create a thriving account- and usage-driven ecosystem.
Profitability provides a solid foundation for the NFT concept, including powerful services and features. The protocol harmoniously integrates each component, providing the optimal balance to maintain the underlying infrastructure. This step allows the program to exist and grow forever.
The yield protocol uses YDF as the main ERC-20 token that serves as the login to the system. Since its launch, YDF has been available on the Ethereum network and traded on Uniswap. However, there are plans to expand access to other centralized exchanges and possibly other networks.
The initial supply of YDF is set at 696,900,000 tokens. It should be noted that YDF operates within a dynamic protocol structure. The token is constantly burned and mined to generate income. This process is done by writing YDF and using bet/cancel operations through protocol products and user interaction. When users allocate their resources, the proceeds are used to create additional YDF tokens. These newly produced tokens are then credited to the contract, allowing gradual distribution to users after mining.
2. CBSwap (currency)
CBSwap is based on the base chain recently announced by Coinbase. Hence, this trending cryptocurrency is the decentralized exchange (DEX) pioneer of this Ethereum Layer 2 (L2) chain. Strive to make DeFi easier for the next 100 million users. Built using the OP Optimism suite, Coinbase Base Chain offers developers a cost-effective solution for on-chain development.
To secure various benefits such as farming and governance rights, CBSwap is introducing $COINS as its first service token. As the governing token of the CBSwap platform, $COINS allows users to trade cryptocurrencies safely and conveniently. The token will be listed on major decentralized exchanges, including CBSwap on the main chain and Uniswap on the main Ethereum network.
CBSwap offers lightning-fast transactions, minimal fees, leverage, money blocking features, state-of-the-art security, and advanced key management. Offers comprehensive portfolio management.
The combined trading volume of Uniswap and PancakeSwap is over $1 billion and $162 million, respectively. The total daily trading volume on decentralized exchanges (DEXs) is around $2.2 billion. With these metrics, CBSwap can generate significant revenue by launching a new layer 2 chain in the DeFi ecosystem.
CBSwap offers traders a fast and efficient trading platform for various cryptocurrencies, including Coinbase's native mainchain tokens. The exchange is completely decentralized, which allows users to trade without intermediaries, minimizing the risks associated with fraud and hacking.
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3. Sign of the financial cone (CONIC)
Conic Finance creates a cost-effective platform that allows liquidity providers to easily expand their presence across Curve's diverse portfolios. Users can provide liquidity to Conic Omnipool. Efficiently allocate funds in Curve based on protocol-based predefined batch weights.
Conic DAO uses the CNC token as its governance token. This allows participants to participate in the control by blocking their arguments. CNC tokens accumulate in proportion to the liquidity provided by Conic LP. These liquidity providers receive a portion of the CNC tokens.
When changes are made to Omnipool's liquidity distribution weights, deposits and withdrawals that rebalance pool curves to their target weights are rewarded with CNC tokens, incentivizing participants. In addition, 10% of the total CNC supply will be allocated to recipients of CNC/ETH LP tokens from Curve Factory. This offering will provide sufficient liquidity for the exchange and the beneficiaries will receive CNC land as an incentive.
CNC holders can lock their tokens for vlCNC. This method is similar to the blocking mechanism in voice blocking characters such as vlCVX or veCRV. Interested investors should note that vlCNC is not transferable between users. The block duration of CNC tokens varies from a minimum of 4 months to a maximum of 8 months. Users can unlock any or all existing ones at any time.
Conic relies on omnipools, per-asset liquidity pools that distribute liquidity across multiple pools of Curve. Curve LP tokens are held by Convex and placed in the respective Convex Group reward contracts. LPs can access multiple Curve pools and earn CRV and CVX with a single LP token. In addition, Conic Omnipools assigns a liquidity distribution weight to each set of curves.
Curve and Convex provide mechanisms for CRV and CVX holders to vote on inflation measurement weights and adjust CRV outputs in Curve groups. However, Conic offers the possibility of adjusting weights that change the liquidity of one or more assets in groups of curves.
4. Ecoterra (ECOTERRA)
Investors from all over the world flocked to support one of the most fashionable currencies . This interest confirmed Ecoterra's position as a potential leader in the green cryptocurrency space.
The purpose of the ecosystem is to provide a carbon offset and recycled materials market that serves companies of all sizes. Ecoterra wants to create a comprehensive solution to environmental problems by integrating these features into one platform. To do this, he uses the potential of the Ethereum blockchain.
Thanks to the Recycle2Earn app, investors have shown great interest in Ecoterra. Using Reverse Vending Machines (RVMs), this app allows users to recycle various materials and earn $ECOTERRA tokens.
The investors plan to launch an alpha version of the Recycle2Earn app by the end of 2023. Designed for desktop and mobile platforms, the application offers an intuitive user interface that allows people of all ages to use it effectively.
The $ECOTERRA token promotes a project that offers holders various benefits. Owners get exclusive access to real events, educational programs and other offers.
Interestingly, in the future, the developers will introduce a betting log. This protocol allows $ECOTERRA owners to earn passive income from their assets. The Ecoterra team offers an attractive opportunity for environmentally conscious investors seeking financial returns. ECOTERRA has a limited supply of two billion tokens.
The Web3 landscape is complex and fragmented, leading to complexity and confusion. Browsing the 3G Internet can be challenging for both newbies and advanced users due to the many platforms and resources available. To solve this problem, a new platform called Launchpad XYZ is trying to create a unified environment for Web3.
Launchpad XYZ aims to be the ultimate destination in the Web3 space, driving world-class blockchain projects. This is achieved through carefully selected pre-sale tokens, NFT ratings, Metaverse and games to earn. In addition, Launchpad XYZ will include an easy-to-use crypto wallet, DEX, analytics, news, educational resources, and a trading terminal.
The project also created the Launchpad factor. This advanced AI-powered classification system analyzes 400 data points in real time to combine projects into a single value. It also shows the potential risk/reward ratio for any Web3 asset, be it a cryptocurrency token or an NFT.
Launchpad XYZ provides in-depth analysis of hundreds of coins and identifies arbitrage opportunities. It contains trading ideas from reputable professional traders and offers customized wealth indicators with technical analysis.
The platform has an integrated decentralized exchange (DEX) that allows users to buy, sell and trade multiple pairs of assets. Future iterations will introduce limited perpetual contracts for certain pairs, with the bet that LPX will offer users a reduced commission.
In addition, Launchpad XYZ supports Apollo, its AI language model. This helps users identify promising prospects in a domain and provide comprehensive search results based on simple guidelines.
The Launchpad team has set aside 25% of the maximum offer of 1 billion LPX for pre-sale. They also share 40% for platform development. In addition, they spend 15% on user acquisition, 12.5% on themselves, and 10% on marketing.
The platform’s native LPX token pre-sale is ongoing and is expected to close in the third quarter of 2023. At the end of the second quarter, the creators of Launchpad XYZ managed to secure $1.15 million in funding. After listing, the token will be valued at $0.0565.
Join Launchpad XYZ before it's too late!
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