Choose another country or region to see content specific to your location.

New Altcoins Launched on ZebPay

20 October 2021 | ZebPay Trade-Desk

Fantom is known for its direct acyclic graph (DAG) smart contract platform that offers decentralized finance (DeFi) services using its own consensus algorithm for developers. With the help of its native token FTM, the Fantom network aims to solve issues related to the smart contract platforms targeting the transaction speed which as per the developers have lower than 2 seconds.

The Fantom foundation was founded by South Korean computer scientist Dr.Ahn Byung Ik which supervises its product offering originally created in 2018 with the launch of OPERA. Fantom’s mainnet was launched in December 2019 and is now headed by CEO Michael Kong. The platform raised about $40 million as fund development through token sales during its creation back in 2018. FTM token is freely tradeable and now, you can trade them on ZebPay. It is found on various protocols with ERC-20, BEP2, and its own OPERA tokens all circulating. 

Polkadot is an open-source multi-chain protocol of sharding that offers the cross-chain transfer of any type of data or asset, not just tokens, thus making various blockchains interoperable with each other. This interoperability aims to set up a completely decentralized and private Web, controlled by its users, and to simplify the creation of new applications, institutions, and services.

The Polkadot protocol connects private and public chains, networks that don’t require permissions, oracles, and future technologies, allowing these independent blockchains to reliably share information and transactions through the Polkadot relay chain. The protocol’s in-house token DOT has three clear purposes: to provide governance and network operations and to create parachains (parallel chains) through bonding. It was founded by a Swiss Foundation called Web3 Foundation. And its founding fathers are Dr.Gavin Wood, Robert Habermeier, and Peter Czaban. DOT token is freely tradeable and can now also be found on ZebPay. 

As exciting as blockchain is, it can leave a lot to be desired in terms of transaction speed and throughput. The Celer Network (CELR) is an intelligently designed Layer 2 scaling solution that offers off-chain transaction management. The Celer platform provides simple, swift, and secure off-chain transactions for payments and smart contracts. The project is one of the first to be developed using the Substrate framework and is part of the Polkadot ecosystem.

As for the overall aim of the network, its founders envisioned unleashing the full potential of blockchain and transfiguring Dapps with more efficient and productive results. The network was founded by a strong team of engineers equipped with innovative ideas and technical specialized experience in 2018. The four co-founders of Celer are Dr. Qingkai Liang, Dr. Mo Dong, Dr. Junda Liu, and Dr. Xiaozhou Li, all bringing some exceptional quality and skills to the table in our case to the CELR ecosystem. The CELR token is freely tradeable and can now also be found on ZebPay. 

AssetFTMDOTCELR
Market Capitalization ($,bn)6.1 410.82
Current Price ($)2.3141.530.14
24 HR Volume  ($, bn)0.811.500.19
Return from ICO16517%1391.47%347.57%
Rank338108
All Time High/Low ($) 2.48/0.00193549.69/2.960.1987/0.001014
Script in Circulation 2,545,006,273 FTM987,579,315 DOT6,051,936,993 CELR
Total Supply 2,545,006,273 FTM1,103,303,471 DOT10,000,000,000 CELR

Fantom is attempting to use a brand new scratch-built consensus mechanism built from the ground up to facilitate DeFi and associated services based on smart contracts.  The mechanism Lachesis promises much higher capacity and finalization of transactions in two seconds, as well as security improvements over traditional platforms based on Proof of Stake (PoS) algorithms.

Polkadot is known as a shared multi-channel network, which means that it can process many transactions on multiple chains in parallel (“parachaines”). This parallel processing power improves scalability.  Custom blockchains are swift and easy to develop using the Substrate framework and can be connected to the Polkadot network in minutes. The network is also very flexible and adaptive, allowing information and functionality to be shared among participants in the same way as apps on a smartphone. 

Celer is a networked system, not a completely separate blockchain.  Instead, the platform works on existing and future blockchains. The developers focused on scalability to improve the throughput of crypto blockchains. The founders are convinced that internal solutions will not lead to future decentralized blockchains (globally). Instead, they offer to fix the problem with their own off-chain platform.

Q4 2020Q1 2021Q2 2021Q3 2021
FTM Price0.020.240.430.62
%change-9.86%1019.94%76.33%46.45%
FTM Market Cap ($ bn)0.0490.6141.0831.586
%change-2.33%1154.60%76.33%46.45%
DOT Price4.7725.5330.4723.02
%change-2.15%435.15%19.37%-24.47%
DOT Market Cap ($ bn)4.1723.3428.5722.63
%change48.97%459.55%22.41%-20.77%
CELR Price0.0050.0260.0500.055
%change-35.71%456.68%89.78%11.23%
CELR Market Cap ($ bn)0.0210.1420.2760.321
%change-25.65%571.64%94.48%16.25%

FTM is a Proof of Stake (PoS) token that actually exists in multiple incarnations. The platform’s compatibility with Ethereum means that users can purchase a standard ERC20 FTM, which is automatically converted to a native FTM once received in their wallet. Another version of FTM is available on Binance Smart Chain using its BEP2 standard. Only the native FTM can be used on the Fantom OPERA mainnet itself. The token has been doing quite well since the last 3 quarters. There was a fall in fall in the last quarter of 2020 but it recaptured its levels and the price is accelerating at a good speed. The asset price has increased by about 13,539% since January. There can be amazing growth in the market cap. It has risen 13,540% from about $0.04 billion to now ranking at 33. 

Polkadot can be updated automatically without the need for a fork to implement new features or remove bugs. The network has a very sophisticated user-driven system of governance that also helps protect it. Communities can customize the governance of their blockchain on Polkadot according to their changing needs and conditions. The DOT token entered the market in August 2020 and had phenomenal growth in a very short period of time. The price has been somewhat consistent except for the fall in the last quarter of 2020 it has been smooth sailing until the very recent one. The prices have rallied by almost 398% in 10 months. The market capitalization had a very stable growth since the last 4 quarters and swelled by approximately 450% since January. It’s now ranking among the top 10 coins at number 8.

The four levels of Celer’s cStack architecture are distributed to provide several unique benefits. The pros include reduction transaction delay; reduced commissions for micropayments; zero commission in the management of off-chain smart contracts; horizontal resizing when joining new nodes; availability of an off-chain crypto-economic model; an optimal routing algorithm for transactions; and support for a wide range of blockchains. With these advantages, the token has gained momentum in the market. The token price has been consistently rising since the fall in the last quarter in 2020 and has grown by around 2,723%. The market capitalization has followed the trails of the price depicting the same pattern and increased by around 3,120% since 10 months, ranked 107.

Fantom describes itself as “Ethruem-Killer ” and offers DeFi and other related services like the creation of NFT tokens on the basis of smart contracts. The native coin FTM is a Proof of Stake token which allows fees collection, transaction, and staking activities as well as providing users rewards. The asset touched its all-time high of $2.45 on October 8th. The reason is the protocol has gained prominence in the past months due to the launching of the bridge to the Ethereum network and also the $370 million FTM developer incentive program devised for traction of new and great projects on the Fantom ecosystem. Surely the initial boost to the coin’s price was provided by the announcement, but it was the regulatory announcement by China that pushed the coin towards such growth and revenue. It triggered a huge volume of funds from the Asia-based CEX to be deposited into the DEX platform, ultimately the wider DeFi system. 

DOT the indigenous utility token serves to facilitate fees, governance, interoperability, and creation of parallel chains by bonding. The asset has rallied by about 30% since the past week reaching a 5-month high at around $43.1. This can be attributed to the price boom all around the crypto market also the news of the first parachain of Polkadot going live on 11th November. 

Celer Network is a methodical and innovative technology with economic architecture to facilitate Internet-scale public blockchain using off-chain scaling skills. It can apparently scale out to billions of transactions per second and would be finally unleashing the complete power of Decentralization applications and blockchain. After hitting a low of $0.0398 on September 8 due to the market crash, the token price has rallied by 400%  creating a new all-time-high of $0.199 on September 26th as the 24-hour trading volume rose to $1.27 Billion. The main reason would be first the release of the protocols cross-chain software cBridge, brand new integration that caused the extension of its ecosystem, and the increase in demand for layer 2 solutions.  All these tokens are newcomers created somewhere between the last 2 years yet have reached a great level of success and growth due to the popularity of the crypto space and more people investing and believing in it.                                                                                                           

References:

https://coinmarketcap.com/

https://fantom.foundation/

https://polkadot.network/

https://www.celer.network/

Share:

Share on twitter
Share on telegram
Share on facebook
Share on linkedin
Share on pocket
Share on email

Subscribe for latest crypto news & stay updated!

USDT to INR without Fee

Enjoy 0% maker, taker & intraday fee on USDT-INR pair for the month of July'21

Get the app:

Follow us:

The cool stuff happens on Twitter, Telegram, and Facebook. Join us!

See how easy it is to make a trade:

Recent articles:

Ethereum Tuesday

07 December  2021 | ZebPay Trade-Desk After witnessing a crash over the weekend and hitting lows of $3,436, the asset seems to have recovered pretty

Read More »

Bitcoin Monday

06 Dec 2021 | ZebPay Trade-Desk Bitcoin (BTC) has seen a significant correction, over the past week falling by approximately 25%, fling to lows of

Read More »