Унус Сед Лео (LEO)
Much like how holding FTT on the FTX exchange can provide users with discounts, holding LEO can offer similar savings on the Bitfinex exchange. LEO serves as a value token usable across the iFinex ecosystem. Bitfinex users can reduce transaction fees depending on how much LEO they hold in their account, with three different tiers to choose from.
LEO has maintained its value despite the market downturns in May and June. The LEO token has become a major topic in the cryptocurrency world, especially after it entered the top 20 list of cryptocurrencies, claiming the 15th position. This reflects the coin’s ability to hold its value while others around it were declining, helping it rise through the ranks.
In 2019, Bitfinex faced a situation where authorities confiscated funds from its payment processor for allegedly facilitating money laundering for Colombian drug cartels. In response, Bitfinex developed LEO to compensate users for the incident. Only $1 billion of LEO coins were minted, and Bitfinex has committed to using at least 27% of its profits to buy back coins and burn them until they are completely eliminated. This feature has proven effective as a hedge during market declines.
верига (XCN)
Chain is a cloud-based blockchain platform that allows businesses to create advanced financial infrastructure from scratch. Chain introduced Sequence, a ledger-as-a-service solution, and Chain Core, a permissioned and open-source blockchain. Using the company’s governance token, XCN, users can pay for services, receive discounts, access premium features, and participate in community protocol governance.
Chain Core enables companies to set up and manage a blockchain network or connect to an expanding range of other systems that are revolutionizing how resources are exchanged globally. The Chain Protocol defines the guidelines for issuing, transferring, and controlling digital assets on a blockchain network. It can operate under the control of a single organization or a group of organizations, and it allows different types of assets to coexist while remaining interoperable with other independent networks.
Chain’s governance token, XCN, is used to vote on potential new features for the Chain protocol. Blockchain networks for major companies like Visa, State Street, NASDAQ, and Citibank have been built using Chain’s technology, enabling multiple networks to interact using a common format. Besides offering reduced network costs and exclusive service access, XCN token holders may also enjoy other benefits.
СТЪПКА (GMT)
Despite being a relatively new cryptocurrency, STEPN (GMT) has emerged as one of the best-performing digital assets of 2022. STEPN is a Web3 lifestyle app built on the Binance and Solana blockchains, allowing users to purchase NFT sneakers and earn cryptocurrency by walking, running, or jogging. Additionally, STEPN is focused on creating a “climate-positive Web3 environment” and has committed to purchasing $100,000 worth of CO2 removal per month via Nori, a blockchain-based carbon offset platform, amounting to nearly 70,000 tonnes of CO2.
STEPN, a Solana-based game, allows players to acquire NFT sneakers to start playing. The app uses GPS on users’ phones to track their movement and rewards them with Green Satoshi Tokens (GST), which can later be exchanged for Solana (SOL) or USD Coin (USDC).
The remarkable rise of STEPN’s governance token, Green Metaverse Token (GMT), has generated significant buzz. GMT surged by 24,500% since the token auction on Binance on March 9. Sequoia Capital, a venture capital firm, and other Web3 investors supported STEPN by purchasing GMT worth $5 million during a seed funding round in January.
Furthermore, GMT investors have the opportunity to vote on how a portion of the company’s profits should be allocated toward carbon offsets. The combination of gamification of fitness with a focus on environmental sustainability has proven to be a winning formula for STEPN, which started trading at 16 cents on March 9 before stabilizing between 60 cents and $1. The token’s increase of around 400% makes STEPN one of the top performers in 2022.
Заключителни мисли
The cryptocurrency market has faced a challenging year, with nearly $2 trillion in market capitalization lost, diminishing its status as a trillion-dollar industry. Nevertheless, several cryptocurrencies have continued to perform well throughout 2022. Among them are GMT, XCN, and LEO. For those interested in the cryptocurrency space, CryptoChipy suggests taking a closer look at these promising digital assets.
