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

🌈

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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