Top Watch Alts๐ FLUX , HOP , SNX & WLD
Hi Traders, Investors and Speculators of Charts๐๐
I'm constantly on the lookout for projects with great potential. Microcaps often x10, x100 or even x1000 if you're lucky enough to catch them early AND take profits.
Today I'll share some projects I'm watching. You'll notice they all currently have great entry points, and are ideal for accumulating.
โญFLUX :
Flux is a blockchain-based platform that aims to provide decentralized computing services and blockchain-as-a-service solutions. It has its own operating system (FluxOS), wallet (Zelcore), and development program (FluxLabs).
FluxOS is a custom-built Linux operating system that is designed to be specifically optimized for running Flux nodes. It is lightweight and efficient, making it ideal for running on a variety of hardware platforms
Flux uses a native POW (proof-of-work) coin called FLUX to power its ecosystem. FLUX coin is mined via a proof-of-work (PoW) consensus mechanism and can be staked, bought, sold, and traded. Holding FLUX also enables you to run your own Flux Node on the network, meaning you can earn even more of the coin.
Flux is a very promising platform with a lot of potential. It is still under development, but it has already made significant progress. I believe that Flux has the potential to become a major player in the decentralized computing space.
โญ HOP :
Hop is a multi-chain bridge that allows users to transfer assets between different Ethereum Layer 2 (L2) networks and Ethereum mainnet. It is a trustless bridge, which means that users do not need to trust any third party to keep their funds safe. Hop uses a novel approach to bridge liquidity between different networks, which allows for fast and cheap transfers.
Hop works by issuing a cross-chain Hop token that can be quickly and economically moved between L2s or claimed on layer-1 for its underlying asset. Automated Market Makers (AMMs) swap between each Hop bridge token and its corresponding Canonical Token on each rollup in order to dynamically price liquidity and incentivize the rebalancing of liquidity across the network.
Hop is a valuable tool for users who want to move their assets between different L2 networks or Ethereum mainnet. It is fast, cheap, and trustless, making it a great option for users who want to avoid the high fees and centralized nature of other bridges.
โญ SNX :
Synthetix is a decentralized finance (DeFi) protocol that allows users to mint synthetic assets, which are tokens that track the price of an underlying asset. The underlying assets can be anything from fiat currencies to cryptocurrencies to commodities. Synthetix is built on the Ethereum blockchain and uses the Synthetix Network Token (SNX) as its native token.
To mint a synthetic asset, users must deposit SNX into a Synthetix smart contract. The amount of SNX deposited must be at least 750% of the value of the synthetic asset that is being minted. This is to ensure that there is always enough collateral to back the synthetic assets that are in circulation.
Once a synthetic asset is minted, it can be traded on the Synthetix decentralized exchange (DEX). The DEX is a permissionless exchange, which means that anyone can trade synthetic assets without having to go through a centralized exchange.
Synthetix is a powerful tool for traders who want to gain exposure to a wide variety of assets without having to actually own those assets. It is also a valuable tool for hedging against volatility in the cryptocurrency market.
โญ WLD :
Worldcoin is a cryptocurrency project that aims to distribute free tokens to everyone in the world. The project is led by a team of scientists and engineers who believe that Worldcoin can help to create a more equitable and inclusive financial system. Worldcoin uses a novel approach to distributing tokens called the Orb. The Orb is a handheld device that uses eye scans to verify that users are real people. Once a user's identity has been verified, they are airdropped a small amount of Worldcoin tokens.
Worldcoin is a proof-of-stake cryptocurrency, which means that it is more energy-efficient than proof-of-work cryptocurrencies like Bitcoin. It has a total supply of 100 billion tokens and is currently in the process of conducting a pilot program in Kenya.
Worldcoin is still in its early stages of development, but it has the potential to be a major player in the cryptocurrency space. The project has a strong team with a proven track record, and it has the backing of a number of high-profile investors.
_______________________
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We thank you for your support !
CryptoCheck
I'm constantly on the lookout for projects with great potential. Microcaps often x10, x100 or even x1000 if you're lucky enough to catch them early AND take profits.
Today I'll share some projects I'm watching. You'll notice they all currently have great entry points, and are ideal for accumulating.
โญFLUX :
Flux is a blockchain-based platform that aims to provide decentralized computing services and blockchain-as-a-service solutions. It has its own operating system (FluxOS), wallet (Zelcore), and development program (FluxLabs).
FluxOS is a custom-built Linux operating system that is designed to be specifically optimized for running Flux nodes. It is lightweight and efficient, making it ideal for running on a variety of hardware platforms
Flux uses a native POW (proof-of-work) coin called FLUX to power its ecosystem. FLUX coin is mined via a proof-of-work (PoW) consensus mechanism and can be staked, bought, sold, and traded. Holding FLUX also enables you to run your own Flux Node on the network, meaning you can earn even more of the coin.
Flux is a very promising platform with a lot of potential. It is still under development, but it has already made significant progress. I believe that Flux has the potential to become a major player in the decentralized computing space.
โญ HOP :
Hop is a multi-chain bridge that allows users to transfer assets between different Ethereum Layer 2 (L2) networks and Ethereum mainnet. It is a trustless bridge, which means that users do not need to trust any third party to keep their funds safe. Hop uses a novel approach to bridge liquidity between different networks, which allows for fast and cheap transfers.
Hop works by issuing a cross-chain Hop token that can be quickly and economically moved between L2s or claimed on layer-1 for its underlying asset. Automated Market Makers (AMMs) swap between each Hop bridge token and its corresponding Canonical Token on each rollup in order to dynamically price liquidity and incentivize the rebalancing of liquidity across the network.
Hop is a valuable tool for users who want to move their assets between different L2 networks or Ethereum mainnet. It is fast, cheap, and trustless, making it a great option for users who want to avoid the high fees and centralized nature of other bridges.
โญ SNX :
Synthetix is a decentralized finance (DeFi) protocol that allows users to mint synthetic assets, which are tokens that track the price of an underlying asset. The underlying assets can be anything from fiat currencies to cryptocurrencies to commodities. Synthetix is built on the Ethereum blockchain and uses the Synthetix Network Token (SNX) as its native token.
To mint a synthetic asset, users must deposit SNX into a Synthetix smart contract. The amount of SNX deposited must be at least 750% of the value of the synthetic asset that is being minted. This is to ensure that there is always enough collateral to back the synthetic assets that are in circulation.
Once a synthetic asset is minted, it can be traded on the Synthetix decentralized exchange (DEX). The DEX is a permissionless exchange, which means that anyone can trade synthetic assets without having to go through a centralized exchange.
Synthetix is a powerful tool for traders who want to gain exposure to a wide variety of assets without having to actually own those assets. It is also a valuable tool for hedging against volatility in the cryptocurrency market.
โญ WLD :
Worldcoin is a cryptocurrency project that aims to distribute free tokens to everyone in the world. The project is led by a team of scientists and engineers who believe that Worldcoin can help to create a more equitable and inclusive financial system. Worldcoin uses a novel approach to distributing tokens called the Orb. The Orb is a handheld device that uses eye scans to verify that users are real people. Once a user's identity has been verified, they are airdropped a small amount of Worldcoin tokens.
Worldcoin is a proof-of-stake cryptocurrency, which means that it is more energy-efficient than proof-of-work cryptocurrencies like Bitcoin. It has a total supply of 100 billion tokens and is currently in the process of conducting a pilot program in Kenya.
Worldcoin is still in its early stages of development, but it has the potential to be a major player in the cryptocurrency space. The project has a strong team with a proven track record, and it has the backing of a number of high-profile investors.
_______________________
๐ขFollow us here on TradingView for daily updates and trade ideas on crypto , stocks and commodities ๐Hit like & Follow ๐
We thank you for your support !
CryptoCheck
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