Let’s go back to DeFi, to solve the problems in blockchain trading.
Rainbow Crypto Expo #6: PERP, ANC, CHZ, API3
Hello! Welcome to your weekly not-to-be-missed potential moonshots!
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Last week we’ve covered BNT, ICP, ANY, 1INCH, and the market is still recovering slowly, Rainbow 6ix team wishes to remind you again that this article is only for sharing what we see of potential but not for the recommendation.
Let’s dive into this week’s Expo now!
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In this expo, we will also be focusing on 4 projects.
1. PERP
Perpetual Protocol is as its name, a decentralized perpetual contract protocol, which is also built on Layer 2 and uses xDai sidechain technology, adopting a unique vAMM model. As its token, PERP is mainly used for liquidity staking and community governance. The acquisition of its value lies in the fees and staking rewards. The feature of this protocol is to lower the user’s participation threshold and widen their source of income.
Category: DeFi Derivatives
Circulating supply: 71.325 million PERP
Market Cap: 710.37 million USD
Current price: 9.96 USD
Highest in history: 24.84 USD
Lowest in history: 0.6552 USD
Market value ranking: 115
2. ANC
Anchor Protocol is based on Terra Money, the stablecoin project, and is a new type of savings protocol. As its platform currency, ANC has the right to govern and is used for staking at the same time. The acquisition of its value lies in the capture of transaction costs. The development of the platform depends on the development of Terra ecology, thus guaranteeing a promising future for ANC.
Category: DeFi Derivatives
Circulating supply: 186.3 million ANC
Market Cap: 681.7 million USD
Current price: 3.66 USD
Highest in history: 8.31 USD
Lowest in history: 1.71 USD
Market value ranking: 227
3. CHZ
The Chiliz team was invested by Binance as early as June 2018. Based on the Chiliz blockchain, the team launched Socios.com, an APP built for European football clubs in early 2019. Chiliz.net, a tokenized sports competition trading platform, was launched in early 2020, and it has successively cooperated with football clubs such as Barcelona, Paris Saint-Germain, Atletico Madrid, Juventus and other football clubs to issue their fan tokens through the Chiliz blockchain. Currently, Chiliz has a very first-mover advantage in the field of club fan tokens.
Category: Metaverse — Sport
Circulating supply: 5.95 billion CHZ
Market Cap: 1.687 billion USD
Current price: 0.2833 USD
Highest in history: 0.8915 USD
Lowest in history: 0.004001 USD
Market value ranking: 75
4. API3
API3 is a decentralized first-party Oracle network managed by API3 DAO, which specifically consists of the provision of Web 3.0 decentralized API services, such as the infrastructure required for design and technology development, support for decentralized API services, and their profitable continuous operations, such as maintenance and business development. As an important infrastructure for Web 3.0, there are still many deterministic opportunities for the oracle-developing industry.
Category: DeFi Derivatives
Circulating supply: 36.90 million API3
Market Cap: 182.83 million USD
Current price: 4.95 USD
Highest in history: 10.31 USD
Lowest in history: 1.24 USD
Market value ranking: 321
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That’s all we are going to cover this week!
See you next week!
Disclaimer:
This article is NOT in any form of investment guidance, please research carefully before you make any investment decisions. This article was written on December 21, 2021.
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