Web3 solutions, DeFi solutions, swap solutions… They are the experts.
Rainbow Crypto Expo #5: BNT, ICP, ANY, 1INCH
Hello! Welcome to your weekly not-to-be-missed potential moonshots!
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Last week we’ve covered BABY, BSW, GENE, AXS, 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!
In this expo, we will also be focusing on 4 projects.
Bancor is a practitioner of the long tail theory, and its core is to solve the liquidity problem of small and medium currencies. Bancor works out this problem through a set of solutions completely different from traditional exchanges, which is very eye-catching and is indeed a rigid demand of the market. The Bancor Network Token (BNT), is for all the smart tokens created on the Bancor network as a reserve currency. It allows instant transactions on the Bancor ecosystem and reduces the number of conversions in the process of cryptocurrency conversions.
Category: DeFi Derivatives
Circulating supply: 236.08 million BNT
Market Cap: 749.78 million USD
Current price: 3.17 USD
Highest in history: 10.72 USD
Lowest in history: 0.1174 USD
Market value ranking: 104
Dfinity was originally positioned as a sister chain of Ethereum. It was founded in 2015. From 2017 to 2018, it raised a total fund of $167 million. In 2019, it transformed into a blockchain-based Internet computing system. Dfinity innovatively proposes the ICP protocol, including the decentralized governance system NNS, ICP token incentive mechanism, and distributed cloud computing architecture, and is committed to allowing application developers to create decentralized applications without relying on servers and cloud computing. At present, several dApps have been launched that are benchmarking against current mainstream Internet applications.
Category: Web3 underlying protocol
Circulating supply: 190.29 million ICP
Market Cap: 4.78 million USD
Current price: 25.13 USD
Highest in history: 460.84 USD
Lowest in history: 24.29 USD
Market value ranking: 36
Anyswap is a fully decentralized cross-chain exchange protocol based on Fusion DCRM technology with an automatic pricing and liquidity system. Anyswap enables the swap of any tokens on any blockchain that uses ECDSA or EDDSA as the signature algorithm, including BTC, ETH, USDT, XRP, LTC, FSN, etc.
Category: Cross-chain protocol
Circulating supply: 18.64 million ANY
Market Cap: 328.63 million USD
Current price: 17.68 USD
Highest in history: 25.63 USD
Lowest in history: 0.08365 USD
Market value ranking: 254
1inch provides users with a highly innovative DeFi transaction experience, allowing users to process large transactions at the best rate. In the past, when users wanted to find the best rate for token swap, they had to manually search for many alternative DEXs. This was very tedious and time-consuming. 1inch provides an automated and interoperable platform that can not only find it quickly the best rate for token swap, but can also improve the most effective swap method.
Category: DeFi Derivatives
Circulating supply: 409.02 million 1INCH
Market Cap: 1.02 billion USD
Current price: 2.49 USD
Highest in history: 7.87 USD
Lowest in history: 0.7612 USD
Market value ranking: 87
That’s all we are going to cover this week!
See you next week!
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 14, 2021.