Cryptocurrencies were introduced as an alternative to fiat currencies. No one had anticipated that cryptocurrency tokens will become some of the most popular assets within a decade. The popularity of crypto assets has grown exponentially and today most investors want to buy these new asset classes. New crypto assets invite investors to be a part of their community.
This community decides the future actions of platforms powered by those crypto assets. Smart contracts define the foundational rules and the community can also audit those contracts. Therefore, modern investors seem more interested in such decentralized projects. Here are three tokens that could potentially provide huge returns in the future. The three coins are: GryffinDAO (GDAO), Cardano (ADA), and Polygon (MATIC). Let’s find out more about these three coins.
GryffinDAO Is Offering a Deflationary Rebase Ecosystem To Maintain True Value
As the name suggests, GryffinDAO is a decentralized autonomous organization. This protocol is built on the Binance Smart Chain to deliver faster solutions. It is introducing the GDAO token with many utility features. Developers have used cutting-edge technologies to keep the token’s value stable while offering several real-life use cases.
Many platforms have introduced stable coins before, but they failed to keep their tokens’ value stable. GryffinDAO is using a deflationary rebase ecosystem to prevent the native token from losing its base value.
Since GryffinDAO uses the BSC network, it can use smart contract features and is compatible with Ethereum Virtual Machine. It allows token holders to access a variety of dApps and trade the native token conveniently.
Investors, seeking better potential earning opportunities, won’t be disappointed after purchasing GDAO coins. It claims to provide some great earning means by using the rebase token model. Being a deflationary token, GDAO may become more valuable in the future. Its supply will reduce with each transaction and that will make the remaining tokens rise in value in the future.
GryffinDAO will be a new destination to access several decentralized finance applications. Token holders will gain a share of transaction fees. They will potentially earn through staking, participating in governance, and swapping GDAO tokens to book profits.
GryffinDAO won’t have any central authority. A community of investors will democratically decide on the future road map. The GDAO Token can be purchased on presale. GryffinDAO is a unique decentralized platform introducing the GDAO token as the best alternative to stable coins.
Cardano Remains The Top Alternative Among Proof-of-Stake Networks
Cardano is the next-gen solution for issues associated with proof of work networks. Charles Hoskinson (Ethereum co-founder) was aware of the limitations of the Ethereum network. Therefore, he started developing a new decentralized open-source platform to overcome the challenges faced by Ethereum. He launched the Cardano platform with the ADA coin in 2017. Cardano uses the proof of stake mechanism to improve scalability, sustainability, and interoperability. It can keep costs and energy usage low while offering faster transaction speed. This platform uses the Ouroboros consensus protocol, which has been proven much safer than other protocols. Cardano will use a research-based framework, evidence-based techniques, and peer-reviewed insights for future progress.
The ADA token works as the native token essential for accessing Cardano’s features and services.
Polygon: Transforming Ethereum Into a Multichain System
Ethereum is the world’s most popular blockchain network. Numerous decentralized finance applications and other projects are using this network. Unfortunately, Ethereum has many flaws that are not easy to overcome. Therefore, the Polygon network has been introduced. This new platform uses the Ethereum blockchain to connect all projects using that network. It runs parallels to Ethereum, but it is much faster, more scalable, flexible, and useful for future apps. Polygon is turning Ethereum into a multichain system that will benefit many new and existing projects. Polygon’s MATIC coin is an ERC-20 token. Investors can use this token for governance, paying transaction fees, and staking.
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