Data privacy, impressive returns, secure trading platforms and transparent transactions, are just some of the benefits that cryptocurrencies can ensure to investors when compared to traditional options for investment. Not to forget, they also enable investors to have more control over their assets and earn a passive source of income through DeFi. CashFi news…
At the same time, with innovators churning out different kinds of cryptocurrencies, people get a lot of options to choose from, be it non-fungible tokens (NFTs), meme coins or regular cryptocurrencies.
If you are looking for reliable cryptocurrency options, have a look at CashFi (CFI), ApeCoin (APE), and Tezos (XTZ). Here’s a brief review of the main features of these cryptocurrency tokens.
CashFi: Unleashing the Potential of Multi-chain Cryptocurrency Systems
As a reliable platform for trading cryptocurrencies and deploying dApps, CashFi has an enviable fan following. What sets it apart is a secure and easy-to-use framework that enables users to swap tokens and mint NFTs across blockchains.
The CashFi ecosystem has its native token, CFI, and it can be currently purchased on presale. The utility of the token goes beyond a usual one as token holders are rewarded for using it in various ways. Holders can use the CFI Token for staking on the platform as it is key to maintaining a stable network due to the proof-of-stake mechanism. Once they start staking, the token holders will be able to join CashFi’s global network of validators and earn rewards in exchange.
As quoted in an article by the Coin Telegraph, Cashfi has announced that it will be doing a bug bounty progamme.
The CFI Token is a transactional token and its usage increases by the quantum of funds moving through the CashFi ecosystem. With multiple dApp transacting and generating fees on the platform, the value of the token will surge in proportion to the volume of finances being traded.
The CFI Token is also awarded as part of bug bounties programs. As the CashFi network is interoperable across multiple blockchains, its networks can be a target for cybercrime and security concerns. CashFi encourages professionals to help it make its platform secure and awards CFI Tokens for reporting any bugs.
Moreover, these tokens can be used for trading NFTs on the platform and distributing profits among NFT miners and traders. Given the low gas fee and the transactional costs being paid via the token within the CashFi ecosystem, CFI evolves as the primary medium of exchange for trading, buying or selling NFTs.
Another major use of the CashFi platform is to enable the trading of synthetic assets known as CFI synths. These artificial assets will help in creating synthetic versions of commodities. Users will be able to mint CFI synths by offering CFI Tokens as collateral. Synthetic assets help to trade commodities without actually buying the asset. Users simply bet on the price of the underlying commodity.
ApeCoin: Exploring the future of Web3
ApeCoin is a decentralised platform that enables users to dabble in a host of Web3 opportunities that include art, culture and entertainment, among other options while leveraging the potential of blockchain technology and cryptocurrencies. It has a native token, APE, that can be used for staking on the platform.
The ApeCoin platform’s governance structure is based on DAO and takes into account its users’ views while making decisions on partnerships, projects, fund allocation and governance. ApeCoin has been developed by Yuga Labs, the same company that had launched the popular Bored Ape Yacht Club collection of NFTs.
Tezos announces the launch of TezGraph for GraphQL requests
An open-source network, Tezos addresses important barriers that users face while adopting blockchain-based apps. From a design point of view, it boosts long-term validity, upgradability, collaboration and open participation.
Launched in 2018, Tezos’ on-chain governance structure paves the way for continuous improvements by way of suggestions pitched but participants onboarded on its platform. It also has a native token, XTZ, which can be used for staking and other transactional purposes on the platform. One can use the XTZ Token for interacting with dApps and it is the platform’s basic accounting unit.
In a recent development, Tezos announced the launch of TezGraph which enables users to write various kinds of GraphQL requests for the information they are seeking. Apart from querying data, TezGraph requests can be tweaked to generate a specified number of results, sort and filter them.
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