All the cryptocurrency tokens in the crypto market are divided into two categories. Bitcoin and Altcoins.
Bitcoin has its very own category because it is the first cryptocurrency ever created. Currently the most valued cryptocurrency in the world.
Alternatively, we have Altcoins. They are a synthesis of the other coins. Altcoins, abbreviated from Alternate coins, are all the other cryptocurrency coins that aren’t Bitcoin. The Altcoin category can be further sub-divided into meme tokens, utility tokens, and too many others to mention here.
Altcoins take up almost the entire cryptocurrency market. They exist to provide a variety of investment options for cryptocurrency users. As such Altcoins have become indispensable. More cryptocurrency projects are bubbling up with their respective crypto tokens, altcoins. The number of altcoins continues to increase at a staggering rate.
Some newer Altcoins deserve special attention due to their mouth-watering investment potential. In this article, we will be addressing three of those. They are CashFi (CFI), Algorand (ALGO), and ZCash (ZEC).
CashFi (CFI) is an exciting and novel cryptocurrency project that aims to provide investors with the best and most diverse investment options possible.
CashFi is a decentralized network protocol that aims to improve crypto world interconnection and collaboration by giving users access and autonomy to use various cryptocurrency asset categories and classes.
CashFi (CFI) is a next-gen protocol that uses a distinct and unique fee-sharing method to provide users and investors with access to a wide range of asset classes.
The DeFi industry is now attempting to put aside its differences to collaborate and produce innovative results and projects beyond the ecosystem’s barriers.
CashFi (CFI) is one of the projects looking to capitalize on this newly discovered desire to connect. As part of its functioning and healthy development strategy, CashFi is utilizing the capacity of DeFi’s ecosystem to collaborate.
CashFi (CFI) was created to bring together the DeFi industry and the larger blockchain ecosystem to provide more cost-effective, faster, and scalable services and options.
Nothing less than a full-blown revolution via CFI is expected from the current DeFi situation by allowing DeFi users to use an interoperable decentralized network to gain access to various digital assets. At its core, CashFi respects and adheres to three major values. They are Service Quality Continuance, Diversity, and Creativity.
CashFi (CFI) was founded to contribute to the security of the world’s top digital networks through staking infrastructures. As a skilled proponent of staking solutions, the CashFi network takes pride in its interoperability. This expertise in staking will enable users to use the native token, CFI, to unlock liquidity for a higher yield. If that wasn’t already enough, the network includes an interchained CFI NFT marketplace and a minting area.
The CashFi ecosystem supports a wide range of assets. These include the native token, CFI, liquid staking, NFTs (and all that pertains to them), and synthetic assets. CFI, the native and governance token, powers CashFi.
The CashFi ecosystem revolves around this ERC-20 token. CFI has numerous applications and benefits. It is a formidable crypto token that also powers the CashFi goal of combining DeFi and NFTs. On top of CFI Synthetics, CFI NFTS, and liquid staking, CFI is also used to run the ecosystem’s collaboration and cooperation.
Algorand (ALGO) is a blockchain and digital currency platform created to process financial transactions in the fastest time possible. Created to work similarly to Mastercard or Visa, Algorand uses the pure proof of stake mechanism.
This Algorand network is similar to Ethereum because it can host other blockchain-based projects and cryptocurrencies. Algorand (ALGO) is an open-source and scalable platform.
The native cryptocurrency of Algorand is ALGO. This token, ALGO, is used to run and secure the platform. ALGO is used to pay processing fees for all transactions based on the Algorand (ALGO) platform. ALGO is used to reward its platform’s users.
ZCash (ZEC) is a blockchain fork platform with a different security protocol and hashing algorithm from bitcoin. ZCash was created to copy Bitcoin but add extra features. These features include anonymity and enhanced user security.
This token is called ZCoin or ZEC. ZCash (ZEC) is mined on different devices. It should be noted that ZCoin and ZEC are best mined using application-specific integrated circuits.
CashFi (CFI) is worthy of your investment as it has the potential to become the next biggest Altcoin. It’s always advisable to conduct your own research before investing in any cryptocurrencies. To join the ongoing presale or learn more, use the links below.