The cryptocurrency market is expanding its prospects exponentially and adding more and more cryptocurrencies to its ecosystem. Therefore, choosing a cryptocurrency that offers more value to your money is very challenging.
This article introduces you to five new cryptocurrencies that could reward you over time. It helps you get an overview of what they are, their use cases, tokenomics, and more.
Table of Contents:
ApeCoin
ApeCoin, or APE, is an ERC20 token introduced in March 2022 by the founders of BAYC (Bored Ape Yacht Club) called Yuga Labs, a blockchain technology company in Delaware.
ApeCoin’s total supply is 1 billion tokens, and its major trading centers include Binance, Coinbase, Kraken, and more.
ApeCoin aims to accelerate the growth of the web3 ecosystem, eCommerce, NFT and more. It also promotes P2E games, especially Benji Bananas to make payments, prizes and incentives.
ApeCoin Use Cases
Being affiliated with the Bored Ape ecosystem, ApeCoin allows you to access the metaverse of games and merchandising. ApeCoin use cases include the following:
- Governance: As a governance token, it allows you to vote for operations, protocol decisions, projects, etc., within the APE ecosystem.
- Utility: ApeCoin can be used as utility tokens for products, services, and more.
- Facilitate access to unique features of the APE ecosystem, including games and events. It is also used to give incentives and rewards to increase participation in the ecosystem.
Tokenomics by ApeCoin
APE’s approximate market cap is $1.6 billion and it is one of the 50 cryptocurrencies in the world. Considering its use as a payment option and the access it provides to the unique features of the APE ecosystem, it is worth investing in APE over other altcoins.
Sporty
Sporty is a web3 protocol introduced in 2022 and is a blockchain platform for casino games and sports betting, betting NFTs, commercial NFTS and more. Sporty has many features that make it different from other altcoins. Below are some significant features of Sporty:
Betting
This feature allows you to bet on the sports you love the most and win Sporting chips. Sporting’s betting platform includes football, football, basketball, etc.
Casino Platform
Sporty offers a live casino to play your favorite casino games like baccarat, blackjack, craps, roulette, poker and more and win Sporting chips.
NFT Insurance
Sporty offers you NFT insurance that keeps you away from losing your money. If you lose on a bet while holding NFT insurance, Sporty refunds your money. However, it depends on the NFT level you already have.
Tokenomics by Sporty
The total supply of Sporty tokens is 1 billion and its circulating offering is 280 million with a market capitalization of $0.
Theta
Theta is a native cryptocurrency launched by Theta Labs, a decentralized video distribution network based in the United States, along with TFEUL tokens to perform its operations on the blockchain. Theta Labs intends to reduce the cost of streaming video by establishing a shared content network instead of using CDNs (Content Delivery Networks) for streaming video.
Theta Token
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This decentralized video distribution network uses Theta coin as a governance token as it allows you to participate in the governance of the Theta network. You can earn Theta tokens as a reward for your contribution to its decentralized video content delivery network.
How do I use Theta tokens?
Theta tokens are also used to point as validator nodes and guardians. To become a validator node, you must bet a minimum of 1,000 Thetas and allows you to verify, maintain and vote on the transaction record.
A guardian node allows you to seal blocks and check for malicious validation nodes. You have to bet a similar 1000 Theta in your Theta wallet along with a minimum of a TFEUL token, which is essential to pay the transaction fee, to become a guardian node.
TFEUL tokens
TFEUL is a utility token in the Theta blockchain that powers all transactions through payment and acts as a gas token, the transaction fee associated with NFT and DeFi applications.
Tokenomics by Theta Network
Theta’s market cap is $1.17 billion and it has a maximum supply of 1 billion tokens. While the market capitalization of TFEUL is $290 million with a circulation of over five billion tokens.
Lamea
Lamea is an Austro-Hungarian investment token launched by Hungarian Vizsla Inu and runs on BNB Smart Chain rather than Bitcoin or Ethereum. It was established in 2019 to promote health awareness along with a charitable purpose.
Lamea is a sandwich shop and they introduced encryption to make you aware of fast food and its ingredients. You can use the Lamea token to make payments in Lamea grocery stores. It is also planning to introduce a virtual NFT gaming platform to make people relaxed in their daily lives.
Tokenomica of Lamea
They aim to develop a crypto community with people who have a strong desire to help organizations that help people save and improve their lives. Although it has a high priority, its market capitalization is 0 and the total bid limit is 1 billion.
Battle Infinity
Battle Infinity or IBAT is a BEP20 token launched in 2022 that integrates P2E games with the intention of revolutionizing traditional gaming. It gives you complete ownership of in-game items in the IBAT ecosystem. Marketing experts Suresh Joshi and Jagjeet Jena from India are the founders of IBAT.
Battle Infinity has a range of products that help them attract more investors. Below are some of them:
Battle Infinity
Battle Infinity hosts a wide range of P2E games, including cricket, basketball, soccer, and more. In which you can build your team and compete with others around the world and win IBAT tokens by winning matches.
Battle Swap
Battle Swap acts as a banking entity within the ecosystem that makes it easy for you to convert your IBAT and NFT tokens into your preferred currency.
IBAT Premier League
Battle Infinity organizes IBAT Premier League, the first Premier League in the world on a platform based on NFT blockchain.
IBAT Tokenomics
IBAT’s total supply is $10 billion versus the circulating offering of $350 million tokens. The market cap of 12.11million USD.
Main reasons
Here are some of the main reasons to introduce new cryptocurrencies:
- Blockchain technology is the most significant reason to introduce new cryptocurrencies day after day. It allows developers to create new cryptocurrencies for a wide range of industries such as finance, health, gaming, and more.
- The unexpected and massive returns of Bitcoin and other altcoins have attracted many to develop new cryptocurrencies.
- Innovation and enthusiasm for societal progress are other reasons behind the emergence of cryptocurrencies
Does new mean better?
The emergence of altcoins does not mean that they are better than existing cryptocurrencies. The success of a cryptocurrency depends on how it serves society. The use cases of a cryptocurrency are the most significant factor when considering its success.
If a token can solve the problems faced by the real world, it can attract more investors. Tokenomics is another factor that explains if a coin is more in circulation, there is the possibility of increasing the value of that specific coin.
Potential roles for cryptocurrencies
Based on reports conducted by Adina Minculescu, Head of Content at CasinoAlpha, the role of payments and crypto services will continue to expand. They are taking over the online casino and gambling spaces, but their evolution is far from being limited to just one industry.
He confirmed that although cryptocurrencies are notorious for instability, their popularity and benefits offer them a great future. Online casinos are no exception to this blockchain technology. Here are some reasons that make you opt for cryptocurrency casinos:
The decentralization of online casino platforms has begun to affect a large volume of players around the world. Cryptocurrency casinos offer privacy as they only require a wallet address and destination tag instead of personal and financial details to make deposits.
