Rainbow Crypto Expo #1: STORJ, INJ, GALA, SXP
Hello! It’s the CCO of Rainbow 6ix Crypto AND your friend Snoopy here! 🐶
Rainbow 6ix 🌈 has decided to deliver our weekly insights into new crypto projects to our beloved followers:
The Rainbow Crypto Expo! 📈 Your weekly not-to-be-missed potential moonshots!
Without further ado let’s get into it!
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In this expo, we will be focusing on 4 projects.
1. Storj
Storj is a decentralized cloud storage framework network platform. Users in its ecology can utilize tokens to purchase storage services. Plus, users can also provide their idle storage space for the network platform to allocate, while obtaining a certain value return.
In addition, Storj Network’s service is oriented towards globalization. Files and data are encrypted, fragmented, and distributed to nodes around the storage network. The advantages of the system are its high security, low cost, and strong privacy. Ethereum founder Vitalik is one of the core authors of the Storj V2 white paper. Currently, it has published the V3 whitepaper.
Category: Web 3.0
Circulating value: 260 million USD
Total market value: 771 million USD
Current price: 1.8147 USD
Highest in history: 3.8860 USD
Lowest in history: 0.029 USD
Opening price: 0.4 USD
First issuance: 2017–7–3
Market value ranking: 123
2. INJ (Injective Protocol)
The Injective protocol is one of the first universal DeFi protocols used for cross-chain derivative transactions of a variety of financial products (such as perpetual contracts, delivery futures, and spot transactions). The platform uses the Ethereum and Cosmos ecosystem through the anchor zone to establish a fast cross-chain transaction infrastructure without paying gas fees. The final phase of its Canonical Chain mainnet was released this month, granting unrestricted trading.
Category: DeFi protocol derivatives
Circulating value: 211 million USD
Total market value: 1.387 billion USD
Current price: 13.87 USD
Highest in history: 25.422 USD
Lowest in history: 0.6588 USD
Opening price: 0.4USD
First issuance: 2020–10–9
Market value ranking: 136
3. Gala Games
Gala Games aims to create a decentralized game social network that attracts other game studios in the industry to integrate. From the perspective of ecological development, high-quality games will bring higher user growth to the platform, and those users will attract other game studios to join, strengthen the platform ecology, thus forming a positive cycle. And the diversified game types will make it easier for users to choose.
The first game launched by Gala has received a rather positive response and attracted considerable new users for the project. Gala is the first 3rd-party application integrated into Dapper Wallet in addition to NBA Top Shot. In the future, Dapper Wallet can achieve an exchange of assets between the metaverse ecologies on the Flow chain.
Category: Game
Circulating value: 260 million USD
Total market value: 3.583 billion USD
Current price: 0.1017 USD
Highest in history: 0.1456 USD
Lowest in history: 0.0057 USD
Opening price: 0.0014 USD
First issuance: 2020–9–18
Market value ranking: N/A
4. SXP (Swipe)
Swipe is a non-custodial digital wallet that supports multiple tokens for payment methods, and it promotes its Visa debit and credit cards based on wallet APP. The cryptocurrency debit card launched by Binance in Europe was developed by Swipe.
After the acquisition of Binance in July 2020, Swipe launched its DeFi ecological roadmap, which will expand in the 3 aspects of decentralized governance, swap protocols, and staking. Currently, the decentralized governance contract has been officially released.
Category: Payment Wallet
Circulating value: 239 million USD
Total market value: 781 million USD
Current price: 2.74 USD
Highest in history: 5.9412 USD
Lowest in history: 0.162 USD
Opening price: 0.2 USD
First issuance: 2019–8–27
Market value ranking: 126
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That’s all we are going to cover this week!
I’m Snoopy. See you next week!
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Disclaimer by Snoopy the CCO: This article is NOT in any form an investment recommendation, please research carefully before you make any investment decisions.
This article was written on November 15, 2021