In today’s ever-evolving cryptocurrency market, there are hundreds of tokens, with new emerging projects every day. This makes it difficult to decide the top cryptocurrencies that can become the next big thing. So, how to choose the potent but cheap cryptocurrencies for you to invest?
Please, read along for more options.
LuxWorld: Leader of the new trend travel-to-earn in 2023
What is the “travel to earn” trend?
Travel-To-Earn is a Web 3.0 project developed with a creative system. Users can now make money by traveling around the world. Travel-To-Earn combines blockchain technology with NFTs. In addition, GPS data will support this project.
Travelers can also earn money while on the road by participating in games and quests, thereby creating a Travel-to-Earn trend.
Travel-To-Earn is actually not a new concept, some projects have been developed to catch up with this trend. Names such as Trypto, TravelFeed, and TripCandy were born with the model of traveling and earning money.
However, these parties are mostly traditional parties – they integrate technology to connect existing brands and create rewards programs for users. Simply you join the tour, a part of the fee you pay will be refunded in crypto, in other words, the “Earn” feature is not yet universal.
Capturing that essential element, LuxWorld was born to bring the true meaning of Travel-to-Earn trend to travelers.
What is LuxWorld?
LuxWorld is a Web3 lifestyle app with Social-Fi and Travel elements that require you to check in to earn rewards – the more you check-in, the more tokens you earn.
In LuxWorld’s platform, Social-Fi allows people to earn through registration while traveling, withdraw NFT, buy NFT in the market, and exchange with people on the platform.
Travel to earn mechanism
Exploring LuxWorld, you will soon realize that your discoveries are more valuable than you think: going outdoors, traveling, and checking in may earn tokens anytime and from any location.
Users can reward useful material with tips. You can be a traveler, a Check-in Node Owner, or both. Only by using Luggage NFTs, you make a nice profit while still enjoying your trip to the fullest. With our wonderful Check-in Node NFT, you can leave your mark in an incredible virtual environment and earn a limitless amount of money.
LuxWorld is currently the first and only project to apply blockchain and crypto to the dApp to benefit both the user and the project, which is an important factor in the long run.
You can visit here to join the current pre-sale round: https://presale.lux.world/
Learn more about LuxWorld, you can check more unique features of the project in the review article for more details.
UNI: Watch this coin in 2023
One of the top cryptocurrencies for investors right now is Uniswap token (UNI), which is deserving your attention. It is a pioneer in the DeFi, or decentralized finance, industry. Buyers and sellers can transact directly with one another thanks to decentralized exchanges (DEX).
Using Uniswap instead of more established crypto exchanges has many advantages. Uniswap users may swap their cryptocurrencies right from their Ethereum wallets, negating the requirement for the exchange to hold onto their money in any way. This considerably reduces the possibility of hacking and adds an extra layer of protection that centralized exchanges are unable to provide. Additionally, investors can trade cryptocurrencies anonymously using Uniswap because they don’t need to create an account.
COMP: A digital currency in DeFi market
Another cryptocurrency that investors should pay attention to is the COMP token. Additionally, it is the most prominent bitcoin platform in the quickly expanding DeFi business.
Without the Compound team’s involvement, Compound token holders can discuss, propose, and vote on protocol improvements. The different collateralization variables, token distribution criteria, and cryptocurrencies to support can all be decided via this process. Additionally, it can be used to add additional functionality by implementing upgrades.
Recently, Compound Vault, which is only meant for financial institutions, debuted on Compound. These organizations can start earning up to 4% interest in USD as they sign up.
ApeCoin: NFT coin associated with the Bored Ape Yacht Club (BAYC)
Given that many famous people now hold one of these expensive digital assets, Bored Ape Yacht Club NFTs have surely become well-known. Another ape-based asset, ApeCoin, has recently entered the cryptocurrency market and has enormous promise in the future.
Because ApeCoin is also the official token of the Bored Ape Yacht Club NFT collection, things can become a little murky at this point. Contrary to widespread assumption, Yuga Labs, the parent company of the NFT collection, did not develop ApeCoin. It is unknown why Yuga Labs has cut ties with the development of ApeCoin, but regulatory worries may be to blame.
But what does ApeCoin do in practice? First, as a reward for ownership, ApeCoin was distributed to Bored Ape Yacht Club and Mutant Ape Yacht Club NFT holders. Many of the top cryptocurrency exchanges provide ApeCoin, which can be purchased and used as payment for those who are not NFT holders. Additionally, since APE is the DAO’s governance token, token owners will also have the ability to cast votes on proposals made by other community members.
RIA: Fantasy card game with its ecosystem
Currently available for pre-order is the new cryptocurrency card game Calvaria. The project’s developers are continually adding and implementing additional components to the traditional card game. Players can purchase in-game assets or win them as with all play-to-earn games by using NFTs.
The Calvaria project depends heavily on the RIA token in a variety of ways.
First, it is awarded to winners in Duels of Eternity, a P2E battle card game created by Calvaria. NFT battle cards are used in tactical duels between players, and the winners are awarded RIA tokens.
NFT battle cards can be upgraded or purchased using RIA at the in-game market in Calvaria. Players that have a stronger battle card deck will have more chances to win RIA in subsequent battles.
Players and investors can stake RIA as well to receive benefits. 25% of the entire RIA supply has been set aside by Calvaria’s development team as staking rewards, to be unlocked over the course of the following five years.
Votes are cast by RIA stakers in the Calvaria DAO. As a result, RIA also functions as a governance token and allows participants and investors a voice in the project’s development.
Disclaimer: The information presented in independent study is the author’s opinion and should not be construed as financial, trading, or investment advice. Coincu does not advocate for the purchase, sale, exchange, holding, or investment in any cryptocurrency.