No doubt, cryptocurrencies are the biggest digital revelation of the 21st century. They have exposed human civilization to a long list of possibilities and improved the general way of life. By incorporating blockchain technology, these digital assets can transcend the capability of traditional finance systems. For some time now, the crypto market has proven that it can be used for more than just the transfer of assets and as a store of value. This has led to the introduction of thousands of assets that perform the same function.
While the cryptocurrency market is a profitable means of investment, it has faltered for some time now. The 2022 crypto crash has caused prices of digital assets to dip to a considerable extent. Most traders are unsure of what to purchase. The top 3 cryptocurrencies with great potential to survive this torrid period are Aave (AAVE), The Sandbox (SAND), and HypaSwap (HYPA).
Aave (AAVE) is one of the recent additions that rely on blockchain technology to provide users with unique Decentralised Finance (DeFi) features. Aave is a decentralised protocol that allows people to borrow crypto tokens and real-world assets without having to rely on a central intermediary. When users borrow assets from the platform, they’ll have to pay interest. Also, when users lend digital assets to the platform, they’ll earn interest for their actions.
When Aave was initially developed, it was developed on the Ethereum blockchain. All the tokens on this platform rely on this network protocol to process transactions. Since its release, Aave has moved to other popular blockchains such as Fantom, Avalanche, and Harmony. Aave functions as a Decentralised Autonomous Organisation (DAO). This means that actions and operations on the network are controlled by users or people who hold AAVE tokens. AAVE is the native token of the network.
The Sandbox (SAND) is one of the newest cryptocurrencies that is built on the metaverse. The Sandbox was created in 2012 by a collaboration between a game developer and Pixowl. This virtual gaming world is built on the Ethereum network. In this virtual world, players will be allowed to create their own avatars and use them to interact with others. The Sandbox is a game where users will get to buy digital plots of LAND. In this digital land, you’ll be allowed to create unique experiences on them. The Sandbox is quite similar to the operations of Decentraland.
The Sandbox has two major types of native tokens that determine operations that occur in the virtual world: SAND and ASSET tokens. SAND is a token that’s used to facilitate different types of transactions on the platform. Users will be able to use these tokens to purchase digital land, purchase user-generated content, and as a form of governance in the DAO. ASSET is used to represent in-game items, such as avatars and creations that are used to fill up the digital land.
HypaSwap (HYPA) is a decentralised non-custodial liquidity protocol. This platform is designed on the Ethereum blockchain. The purpose of this platform is to support crypto users to borrow and lend digital assets. Users will have to pay interest on digital assets borrowed, while the platform will pay interest to lenders. This platform focuses on creating a hassle-free system where users get unlimited access to digital assets. HypaSwap also focuses on other essential features such as staking and collateral swapping.
To protect the long-term future of the platform, users will be required to deposit some collateral in its liquidity pool. The more assets that you stake on the platform, the higher the amount that you’ll be able to borrow. There are currently plans to run HypaSwap as a DAO. This DAO will be controlled by HypaSwap genesis and its crypto community. HYPA is the native token of this platform.
For more information on HypaSwap (HYPA) visit:
Presale: http://join.hypaswap.io/
Website: http://hypaswap.io/
Telegram: https://t.me/HypaSwap
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
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