-Study in Minutes.
Immutable X
A layer 2 scaling solution for NFTs on Ethereum
Allows trading and minting NFTs at cheaper costs.
Advantages: Zero gas fees, Instant trade confirmation and No security compromise of assets
Founder: James Ferguson, Robbie Ferguson, and Alex Connolly.
Founded: 2018
Token: It's native Token is IMX
Functionality: Uses an engine called Zero-Knowledge Rollup. 9000 transactions per second (TPS).
Uniqueness: Users can create and trade ERC-721 and ERC-20 tokens easily and at lower costs.
Tradable : Binance
2. ApeCoin(APE)
APE is Bored Ape Yacht Club (BAYC) and Mutant Ape Yacht Club (MAYC) utility token.
It is an ERC-20 utility token for APE Ecosystem.
Governance : ApeCoin DAO, consisting of a board of 5 members.
Supporter: APE Foundation
Adopter : YUGA Labs, creators of BAYC
Founded: April 2021
BAYC:10,000 NFTs launched in April 2021 as the first collection of APE Ecosystem.
MAYC: 20,000 mutated NFT versions of BAYC; 10,000 Airdropped to BAYC Holders in the "mutant serum airdrop". This was August 2021.
BAKC: Bored Ape Kernel Club - 10, 000 Dog NFTs made available for every BAYC Member.
Use: Participate in APE DAO, Incentives for players in P2E Benji Bananas Game.
3. QTUM
A blockchain
Technology: Account Abstraction Layer
Uniqueness : Implements Updates from both Ethereum and Bitcoin.
Security: Mutualized Proof of Stake to disincentive junk contract attacks. Splits rewards among validators every 500 blocks.
Native Tokens : QRC-20, QRC-721, and QRC-115.
Offices : Singapore(Head Office), Stockholm and Miami.
Founded : 2017
Founders : Ashley Houston, Neil Mahl, and Patrick Dai.
UTXO: Unspent Transaction Output model.
Functionality : UTXO Accounting Model, Eth Smart Contract Capabilities, Account Abstraction Layer,and POS consensus mechanism.
Offline Staking
4. GameFi
Game-Finance. A play-to-earn (P2E) aspect in cryptocurrency.
Participants of a Virtual Game earn actual use case rewards i.e. NFTs and Tokens.
Earning Rewards: Complete Tasks, Battle other players, Completing game levels.
Earning Rewards also involves DeFi staking options like yield farming, staking and liquidity mining.
Replacing traditional gaming industry. Users can trade rewards for real cash.
Examples: Axie Infinity, Decentraland (DeFi)
Traditional video games are not GameFi unless they upgrade to Cryptocurrency.
5. Polkastarter (POLS)
Multichain Decentralized IDO Launchpad
Launchpad: Place where new projects can offer tokens to users at low fees to get funds to support the project.
Token: POLS
IDO: Initial Dex Offering. A popular crowdfunding method that blockchains use.
Advantages: Scalability, Interoperability.
Founded: 2020
Founder: Daniel Stochaus, Miguel Leite, and Tiago Martins.
Also supports: GameFi launchpads, NFT Sales, and Metaverse Land Sales.
Features: Fixed Swap Pools, IDO Farming, KYC, and Polkastarter Gaming.
POLS Power : Aggregater that determines your validity to participate in an NFT Sale or IDO.
6. WOO Network (WOO)
Liquidity network that connects both CEXs and DEXs.
Connects DeFi platforms, institutions, exchanges, and traders.
WOO X: The WOO CEX. It offers low trading fee, deep liquidity, and customizable work spaces.
WooFi : The WOO DEX. It is an automated BSC Market Maker using the Synthetic Proactive Market Making ( sPMM) model.
WooFi Features : Swapping, Earning, Staking.
Partner: Kronos Research
7. COTI
A layer-1 blockchain ecosystem designed for payments.
It facilitates fast and secure transactions with low fees.
Has a COTI Visa Debit Card
Uniqueness : Proof of Trust (PoT) algorithm, which combines directed acyclic graph (DAG) data structure with PoW. PoT lowers transaction costs and increases throughput to up to 100,000 TPS.
Operates on three different mainnets.
Paying transaction fees and Staking.
The COTI MultiDAG 2.0 will allow developers, merchants, and enterprises to issue tokens that inherit Trustchain abilities.
Protocol: Trustchain protocol.
8. NEAR
Community-operated cloud infrastructure for hosting DApps.
Layer 1 blockchain
Technology: Nightshade, a sharding technology to achieve scalability.
Sharding: splitting a blockchain company's entire network into smaller partitions, known as "shards".
Founded : 2020
Protocol: NEAR Protocol
Uniqueness: offers cross-chain interoperability through the Rainbow Bridge and Aurora, a layer-2 solution.
You can bridge ERC-20 tokens and assets from the Ethereum blockchain to the NEAR Protocol network, which gives them access to higher throughput and lower transaction fees.
Token : NEAR
Founders : Alex Skidanov and Illia Polosukhin
Rainbow Bridge : An application on NEAR that allows users to transfer ERC-20 tokens, stablecoins, wrapped tokens, and even NFTs between the Ethereum and NEAR blockchains.
Aurora: A layer-2 solution on the NEAR Protocol blockchain
9. ANKR
A decentralized Web3 infrastructure provider for developers.
Protocol : Ankr Protocol
Token : Ankr. Used to pay for requests to blockchains, reward independent node providers for serving requests, and reward ANKR holders for staking their ANKR to full nodes.
You can also use ANKR to run Ethereum 2.0 nodes by paying a monthly fee for a simplified validator experience.
Supports staking on :
- Polygon (MATIC).
- Ethereum (ETH).
- BNB Smart Chain (BNB).
- Avalanche (AVAX).
- Polkadot (DOT).
- Kusama (KSM).
10. HARMONY(ONE)
Offers bridging services between BNB Smart Chain (BNB), Ethereum (ETH), Bitcoin (BTC), and other networks.
Blockchain for scaling Web3 using Zero-Knowledge-Proofs and Decentralized Autonomous Organizations (DAOs).
Harmony is a Layer-1 Blockchain using sharding and Effective Proof of Stake to achieve scalability.
Founded : 2018.
Launch : 2019
Founder : Stephen Tse
Features : Trustless cross-chain bridges and four shards, which process transactions in parallel. Cross-Chain Finance model.
Native token: ONE . Used for transaction fees, governance, and staking.
Conclusion
Good luck. Stay tuned for Binance Academy Summary II
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