What is sUSD (sUSD)?
sUSD is a synthetic USD token enabled by the Synthetix protocol that tracks the price of the US Dollar through price feeds supplied by Chainlink’s decentralized network of oracles. Synthetix is a decentralized synthetic asset issuance protocol built on Ethereum and Optimism Ethereum (a layer two scaling solution built on Ethereum). These synthetic assets are […]
What is Spell token (SPELL)?
Spell tokens are one of the three main tokens of Abracadabra money. It serves as the protocol’s token used for incentivization. Abracadabra money is a lending platform that uses interest-bearing tokens (ibTKNs) as collateral to borrow a USD pegged stablecoin (Magic Internet Money – MIM), that can be used as any other traditional stablecoin. Abracadabra […]
What is SingularityNET (AGIX)?
SingularityNET is a blockchain protocol that allows users to create, distribute, and market AI-related services. It is essentially a decentralized marketplace for AI products that was made public in 2017. Artificial intelligence spans a wide range of areas, including home automation, machine learning, and internet of things (IoT), among others. In the ecosystem, users can purchase […]
What is STEPN (GMT)?
STEPN is a revolutionary, decentralized lifestyle and fitness platform that aims to combine blockchain technology and fitness using GameFi elements on the Solana blockchain. The platform allows users to combine play-to-earn and fitness elements to improve exercise such as running, walking, or jogging. The idea is to leverage cryptocurrencies and blockchain technology to assist users […]
What is Skale Network (SKL)?
Skale Network is a highly expandable multichain blockchain network that serves as a secure Ethereum scalability solution. Unlike most Layer 1 and Layer 2 networks. The SKALE architecture is built to support an ever-expanding set of dapp-specific chains by using the Ethereum mainnet to manage and orchestrate many critical network operations thereby enhancing overall network […]
What is Sin City Metaverse (SIN)?
Imagine your very own decentralized virtual world, centered around a social play-to-earn empire-building model and housing multiple gaming & gambling applications for an immersive experience. Sounds exciting, then you would love Sin City Metaverse or Sinverse. ‘Sin City’ is a Metaverse multi-player game built on Blockchain Technology and was launched on 17th October 2021 live […]
What is SaTT (SaTT)?
SaTT is a digital advertising token that facilitates smoother transactions between content creators and advertisers as it allows for faster, cheaper, and more secure digital advertising purchases. Conceived out of the need to decentralize the global advertising landscape, SaTT is a blockchain-based advertising project currently running on a dual chain: The Ethereum blockchain and the […]
What is SafeMoon (SAFEMOON)?
SafeMoon is a blockchain protocol designed to enable a more transparent and cost-effective environment for decentralized finance (DeFi). The platform is fully decentralized and runs on the Binance Smart Chain (BSC) blockchain, with its token- SAFEMOON- that can be exchanged on exchanges for other cryptocurrencies or used as collateral in trading futures contracts. To make […]
What is Catboy (CATBOY)?
Catboy is an NFT project that is popular among fans of manga, comics, anime, and pets, particularly cats. It is a decentralized network for financial transactions that aims to rebuild the traditional payment stack on the blockchain network. The platform makes use of several fiat-pegged stablecoins that are stabilized algorithmically by the reserve token to […]
What is DigitalBits (XDB)?
DigitalBits is a blockchain protocol designed to help facilitate mass market liquidity for various digital assets, and integrate with existing apps to drive market adoption of Blockchain technology. DigitalBits forked the well-known Stellar blockchain in 2017 and launched MainNet in March 2018, allowing the project to capitalize on several technological advances made by the Stellar […]
What is Animal Concerts (ANML)?
Animal Concerts is a protocol that aims to develop live events in the metaverse space. It aims to take the entertainment industry to the next level as it focuses on building next-generation experiences. On the Animal Concerts platform, artists and creatives can perform to their audiences all over the world via the metaverse. The protocol […]
What is Beefy Finance (BIFI)?
Beefy Finance is a Decentralized, Multichain Yield Optimizer that allows its users to earn compound interest on their crypto holdings through a set of investment strategies secured and enforced by smart contracts. This yield optimizer earns you the highest APYs with safety and efficiency in mind by automatically maximizing the user rewards from various liquidity […]
What is Everex (EVX)?
Everex is a decentralized protocol that allows its users to make payments easily. In other words, it allows users to make peer-to-peer (P2P) payments and trade financial products using digital currencies and secure smart contracts. The Everex platform provides small businesses and startups safe and secure access to the world digital market with prices that […]
What is ApeNFT (NFT)?
On March 29, 2021, APENFT was officially registered in Singapore in a bid to meet opportunities and address pain points in the industry. As an NFT-based project, they apply blockchain technology to the NFT world, thus expanding the use cases of blockchain. APENFT is known to buy well-known traditional NFT artworks as underlying assets, and […]
What Is BabyDoge (BABYDOGE)?
Like Dogecoin, the pioneer of memecoins, Baby Doge has also learned a few tricks and lessons. Baby Doge is a new meme-centered cryptocurrency developed by the fans of the Doge community; its existence was to surpass Doge by ensuring a high transactional speed and cuteness. Launched in June 2021, Baby DogeCoin is one of the […]
What Is Ethernity (ERN)?
Ethernity is a decentralized platform for auctioning, exchanging, and monetizing Non-Fungible Tokens (NFTs). It aims to make use of the potential of NFTs to bring influential brands in sports, culture, collectibles, and technology to the blockchain. NFTs are tokens that have their own distinct value and represent virtual items. They can be used to represent […]
What is Elemon (ELMON)?
Elemon is a leading NFT ecosystem in the blockchain space that delivers sustainable values to prospective users and investors. The comprehensive Elemon ecosystem includes: The lucrative NFT Fantasy – Themed RPG on BSC, the highly- liquid NFT Marketplace, world-class collectibles, and the Elemon community. Elemon utilizes blockchain technology to develop tokenization of digital creatures, a […]
What is Dusk Network (DUSK)?
Dusk Network is a layer-1 blockchain protocol capable of powering privacy-preserving smart contracts that satisfy business compliance criteria. It serves as a liberated financial industry that provides equal opportunity for organizations of all sizes to secure capital, trade assets, and access a full spectrum of financial services. They perform this by advancing the first permissionless […]
What is Drep (DREP)?
Drep is a decentralized ecosystem built upon blockchain technology that empowers different platforms on the internet to monetize and quantify reputation value. It is backed by the DREP Foundation, which is devoted to establishing a high-performance technology that supports high transaction throughput for an ecosystem that generates important reputation data. DREP Foundation seeks to develop […]
What Is DFI.MONEY (YFII)?
Launched in July 2020, DFI.MONEY, also known as YFII, is a fork of the popular decentralized finance (DeFi) aggregator platform yearn.finance (YFI) to help develop products on solely aggregated liquidity provision and leveraged trading. It was developed to help DeFi investors optimize their profits while its financial operations follow the changes proposed in an upgrade […]