Cryptocurrencies are the future. This statement is heard time and again in the financial world. However, for those new to the cryptocurrency market, it can be difficult to know where to start when investing in this digital asset class. In this article, we will take a look at three different DeFi coins that we believe are worth keeping an eye on in 2022 and beyond.
These coins include Mushe (XMU), Basic Attention Token (BAT), and Gnosis (GNO). Each of these cryptos has unique features and benefits that make them stand out from the crowd. Let’s dive in!
Mushe (XMU) – The Rising Star of the Market
Mushe (XMU) is a decentralised exchange protocol with its own exchange. The platform is built on Ethereum (ETH), but they plan to migrate to the Stellar (XLM) network soon. The purpose of this is to achieve higher speed and lower costs.
The native token of the project is XMU. XMU coin needs to be staked (locked) for a certain period to be able to trade. The vesting period for XMUs purchased in phase one is six months. The ones purchased in the second stage are valid for four months. Those bought in the third phase can be used after the launch. It’s also worth noting that the presale of Mushe (XMU) is currently in its second phase.
Mushe World will officially launch on July 4, 2022. Being the primary asset of the platform, XMU is compatible with ERC-20-based wallets such as Trust Wallet, Metamask and the Mushe Wallet. According to the project’s roadmap, the XMU token is scheduled to be listed on UniSwap and Tier 2 exchanges, one of the popular decentralised exchanges, towards the end of 2022. In addition, the Mushe team underlines that it should be noted that the latest versions of Android and IOS must be installed to access the platform’s mobile application.
Direct and Costless – Basic Attention Token (BAT)
The Basic Attention Token (BAT) is a cryptocurrency that was developed to address some of the inherent problems with online advertising. One of the critical features of the Basic Attention Token (BAT) is its ability to be used to directly pay publishers for their content without the need for an advertising intermediary.
This has the potential to reduce advertising costs and increase transparency and create a more efficient market. Another critical feature of Basic Attention Token is its blockchain technology, which allows for both privacy and security. BAT has been largely successful, with a market value of over $586 million.
Gnosis (GNO) is Layered and Effective
On the Gnosis platform, users are offered three main products, and these are applied in three different layers. The first definition of these layers is Gnosis Core Layer, which provides the underlying smart contracts for the platform. The other two are the Gnosis Service Tier, a service that takes the role of providing sourcing for consumer applications and the Gnosis Applications Layer, which targets prediction markets or customer segments.
Gnosis (GNO)‘s prediction market is an ecosystem where any user can buy and sell positions on the outcome of a particular event. As events increase, so does the value of the tokens. When the event is completed, the tokens representing the result receive the full value of the bets. Tokens deposited for other results become worthless.
The future of the cryptocurrency market looks bright, and investing in Mushe (XMU) seems like a good idea. BAT and GNO are also worth considering for investment, as they have unique features that could make them successful in the long run. We will continue to monitor these coins and update our readers on their progress.
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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