New listing: 8 new crypto opportunities you just can’t miss!
Get to know 8 new cryptocurrencies, their characteristics and their advantages. Find out how you can buy them on the Bitcoin Store online and offline exchanges.
Table of contents:
- What is SingularityNET (AGIX) and how it works?
- What is dYdX (DYDX) and how it works?
- What is Woo Network (WOO) and how it works?
- What is Stargate Finance (STG) and how it works?
- What is Perpetual Protocol (PERP) and how it works?
- What is Osmosis (OSMO) and how it works?
- What is Conflux (CFX) and how it works?
- What is Convex Finance (CVX) and how it works?
We expanded our offer with 8 new popular cryptocurrencies, giving you more choices to diversify your portfolio.
To help you understand each of these new cryptocurrencies, we'll provide a brief introduction to their unique features and benefits.
What is SingularityNET (AGIX) and how it works?
SingularityNET (AGIX) is a decentralized platform that aims to connect artificial intelligence (AI) services globally through its decentralized marketplace. It allows developers to create, share, and monetize AI applications through blockchain technology.
The AGIX token is the platform's native cryptocurrency, used for transactions, payments, and governance within the network.
The project started in 2017 when Dr. Ben Goertzel and David Hanson wanted to create a commercial platform for decentralized AI applications (DApps).
What is dYdX (DYDX) and how it works?
dYdX (DYDX) is a decentralized platform (DEX) that runs on Ethereum smart contracts. It is one of the largest decentralized exchanges in the world by trading volume and market share.
The platform allows users to trade cryptocurrencies, earn interest, and borrow assets.
The platform is unique because it offers its traders cross-margin and perpetual trading.
Important:
Singularity (AGIX) has partnered with Fetch.ai and Ocean Protocol (OCEAN) on a brand-new project that will be called Artificial Superintelligence. This means the project will also have a new token, operating under the ticker $ASI.
Read more about the merger of the Singularity platform into this new project in this article:
What is Woo Network (WOO) and how it works?
Woo Network (WOO) is a cryptocurrency trading platform that combines centralized finance (CeFi) and decentralized finance (DeFi) to provide users with efficient and cost-effective trading experiences.
By leveraging advanced technology and partnering with major exchanges, it offers deep liquidity, fast execution, and competitive fees.
What is Stargate Finance (STG) and how it works?
Stargate Finance (STG) is a decentralized finance (DeFi) platform focused on enabling users to earn passive income through yield farming and liquidity provision.
By utilizing smart contracts on the blockchain, it allows users to stake their cryptocurrency assets in various pools, earning rewards in the form of STG tokens or other cryptocurrencies.
What is Perpetual Protocol (PERP) and how it works?
Perpetual Protocol (PERP) is a decentralized finance (DeFi) platform that enables users to trade perpetual contracts on various assets, including cryptocurrencies, with up to 10x leverage.
Built on Ethereum and xDai Chain, it uses a Virtual Automated Market Maker (vAMM) to provide liquidity and manage positions. PERP token holders can participate in governance decisions and earn staking rewards.
The protocol aims to facilitate efficient, low-cost trading with minimal slippage while reducing counterparty risks associated with centralized exchanges.
What is Osmosis (OSMO) and how it works?
Osmosis (OSMO) is a decentralized, cross-chain automated market maker (AMM) exchange built on the Cosmos Network. It enables users to create custom liquidity pools, swap assets, and earn rewards by providing liquidity.
Osmosis uses the Inter-Blockchain Communication (IBC) protocol for seamless asset transfers between Cosmos-based blockchains, fostering interoperability. The native OSMO token is utilized for governance and to incentivize users with staking rewards.
Osmosis empowers users with a flexible, user-friendly interface for trading and managing assets while promoting cross-chain liquidity and collaboration in the DeFi ecosystem.
What is Conflux (CFX) and how it works?
Conflux (CFX) is a high-performance, Layer-1 blockchain protocol designed to enable scalable, secure, and decentralized applications.
It employs a unique Tree Graph consensus algorithm, which combines Proof of Work (PoW) and Directed Acyclic Graph (DAG) structures to achieve high throughput and low latency.
This approach allows for fast, efficient transactions with reduced energy consumption compared to traditional PoW systems.
The native CFX token is used for transaction fees and network governance. Conflux aims to facilitate the development of a global, open-source ecosystem by providing a robust infrastructure for dApps and cross-chain interoperability.
What is Convex Finance (CVX) and how it works?
Convex Finance (CVX) is a decentralized finance (DeFi) platform designed to optimize and simplify yield farming on the Curve protocol
It allows users to earn rewards by depositing tokens into Convex's vaults, which automatically stake Curve LP tokens and manage strategies for maximizing returns.
CVX is the native governance token, enabling holders to participate in decision-making and earn a portion of the platform's fees.
By offering a streamlined user experience and optimizing yield strategies, Convex Finance aims to attract liquidity providers and foster growth in the DeFi ecosystem while complementing Curve's functionality.