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Top 10 Most Important Cryptocurrencies Other Than Bitcoin

Team Bitcoin Daily

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The crypto market is a diverse ecosystem filled with different projects all attempting to solve various problems. While it’s hard to argue against the belief that Bitcoin holds the crown as the originator, there are a ton of new projects worthy of praise. These new projects surpass Bitcoin’s technical capabilities and provide investors with some truly unique functionalities in the market. Here are the top 10 most important cryptocurrencies other than Bitcoin: $ETH, $BNB, $ATOM, $XRP, $EOS, $LINK, $LCX, $USDT, $Libra, $TRX. 

Ethereum

Ethereum was one of the earliest altcoins to enter the market. Since its inception, Ethereum has been a driving force for innovation in the market. This second-generation blockchain introduced the world to smart contracts. Today, it would be hard to imagine the market without this titan. 

Notably, Ethereum has a scheduled update planned for the end of the year. This update will replace the blockchains Proof-of-work consensus mechanism with a new Proof-of-Stake protocol. The update will reduce Ethereum’s carbon footprint significantly. Additionally, It will allow users to start staking their ETH to earn a passive income.

BNB – Binance Coin

Binance, the world’s largest exchange by volume, changed the market forever when it introduced the BNB token.  BNB provided users with more flexibility, functionality, and lower fees. Wisely, Binance incorporated a variety of BNB trading pairs to bolster BNB’s value. The move was successful.

Today, it’s commonplace for exchanges to host a native utility token. Even with the competition, BNB remains the most successful exchange token in the market. Additionally, Binance continues to expand its operations. Each new functionality adds more to BNB’s utility. In turn, the token continues to gain value.

ATOM – Cosmos

Cosmos is another project that is worthy of recognition. The platform takes a unique approach to the sector. For one, Cosmos isn’t designed to compete against other cryptocurrencies. Instead, it functions as an interconnecting protocol. The developers behind ATOM describe Cosmos as an “ecosystem of connected blockchains.”

This strategy helps promote further innovation based on user’s requirements rather than competition. Cosmos introduces a new consensus mechanism called “Tendermint BFT.”  The system is a byzantine fault-tolerant consensus engine that eliminates many of the concerns found in PoW blockchains such as Bitcoin.

XRP – Ripple

Ripple is one of the top ten cryptocurrencies in the world. This platform entered the market intending to service the banking sector. At that time, this strategy was unique. Ripple managed to secure huge strategic partnerships in a very short time. Specifically, Ripple has agreements in place with Santander, Money Gram, and VISA, to name a few. 

Ripple continues to see adoption by institutional firms due to its fast transaction speeds and its proven track record. XRP eliminates middlemen for cross-border transactions and provides a more cost-effective and secure alternative to the status quo. The firm’s focus on cost-cutting means that there will always be a firm interested in its services.

EOS

EOS is a third-generation cryptocurrency that entered the market via one of the biggest ICOs of all time. The firm secured $4 billion during the record-breaking event. EOS’s goal is to provide a more efficient and developer-friendly alternative to the current smart contract programmable blockchains like Ethereum.

EOS incorporates various technologies to accomplish this task. The platform is very ICO friendly. Additionally, Dapp developers enjoy more flexibility using the platform. These features have led more developers to call EOS home. There are currently over 100 Dapps active on this new era blockchain today.

Chainlink

Chainlink is a project that has the potential to boost the entire market. Chainlink seeks to correct the biggest flaw found in oracles. Oracles are off-chain sensors that can communicate data to and from a blockchain. For example, an oracle could monitor your car payments. When you pay your vehicle off, the contract automatically sends you your title without the need for human intervention.

The possibilities are endless with oracles. However, they are centralized systems, until now. Chainlink introduces the world’s first oracle blockchain. The system monitors the network of oracles to ensure all data entry is correct. Through Chainlink, blockchain technology gains a huge advantage. 

LCX

LCX is another token that raises the bar in terms of usability and efficiency. LCX allows users to trade on all major crypto exchanges within a single interface. This fourth-generation interface provides users access to powerful features. These features include Smart Order Routing, a portfolio management system, advanced analytics, and detailed reporting. Besides that, LCX keeps rolling out new products and services continuously such as a unique DeFi protocol and a security token and tokenization platform for STO’s.  The Liechtenstein based company heavily invested in crypto compliance and regulation, preparing the launch of their own LCX Exchange. Rumored to be launched before the end of this year.

As the main utility token within the LCX ecosystem, this token is very flexible. You can use it to pay for all your fees including your LCX Terminal subscription or fees for security token offerings. Best of all, the token is ERC-20 compliant. The ERC-20 token ecosystem is by far the most robust and developed in the world. Consequently, LCX holders enjoy a high level of interoperability within this network.

Tether – USDT

No top ten list would be complete without USDT. USDT was the first successful stablecoin to see major adoption. Traders depend on this stable coin to avoid market volatility. You can watch the market cap of Tether rise during these times as investors seek shelter.

Tether is available on nearly every reputable exchange. Additionally, it’s consistently in the top cryptocurrencies globally in terms of market capitalization. Tether gained popularity because of its speed and low fees. It’s free to send Tether from one network wallet to another. 

Libra

Libra makes this list because no other cryptocurrency was met with so much fear. The announcement of Libra sent shivers down regulators’ spines. Despite fears, the large social networks of the world must embrace cryptocurrencies. These established networks would give the technology the boost it needs to become mainstream.

Facebook seems determined to launch its Libra token. The platform has the financial backing to pull it off. In the coming year, it’s very possible that this project defies the odds and becomes one of the top coins in existence from day one of its launch. For now, the project remains one of the most relevant in the market, regardless of if it ever takes flight.

TRX – TRON

TRON has long been a favorite of investors. TRON has a forward-looking vision to power the Web3 revolution. This year saw TRON make major strides in its quest. The firm’s TRC-20 token standard is also seeing more adoption by developers. TRC-20 token provides developers with more scalability and efficiency when compared to ERC-20 tokens.

TRON remains a dominant force in the market mainly due to its network and community support. The platform’s founder, Justin Sun, is a vocal member of the crypto community. The coming year will see TRON’s network grow to new heights. Sun’s leadership and TRON’s investor appeal keeps this token on most top ten lists.

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Press Release

Limoverse’s Vision for Web3: Token Burn, Roadmap, and Leading the Wellness Frontier

Crypto Chain Wire

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In an electrifying move in an otherwise quiet crypto market, Limoverse successfully completed its much-anticipated Token Burn Event! 

The buzz surrounding this event is palpable, and for good reason. It all starts with Limoverse’s unwavering commitment to transparency and its thriving community. Limoverse places its community at the core of its mission, emphasizing transparency, empowerment, and token appreciation for its dedicated users and token holders.

But what exactly is a token burn, and why is it generating such excitement? The answers to these questions are pivotal to understanding the magnitude of this event. Token burns are akin to enchantments in the realm of cryptocurrency. When tokens are subjected to a burn, they are permanently removed from circulation. This action not only diminishes the overall token supply but also heightens its scarcity, elevating the value of each remaining token. 

Limoverse is taking token burns to the next level by introducing a pioneering algorithm that links token burns to real-world achievements. For every kilometer run and every calorie burned within the Limoverse app, an equivalent quantity of Limoverse tokens will be incinerated. Yes, you read that correctly! As users stay active and embrace a healthier lifestyle, the token supply shrinks, thereby augmenting the value of Limoverse tokens. This innovative approach ensures that your journey to improved health and fitness also translates into the growth of your investment. A true win-win!

$LIMO Tokens have a total supply of 10 Billion tokens and the burn event saw 86,494,575 LIMO tokens being burnt and taken out of supply.

Limoverse’s commitment extends even further. “We are delighted to declare that all unredeemed rewards from our HealthFi Rewards Pool have also been subjected to a burn. This strategic move firmly underscores our dedication to forging a sustainable token economy, guaranteeing that each Limoverse token serves its utmost purpose” says Sajeev Nair, founder and chairman of Limoverse.

Talking about what the future holds for Limoverse, he further added. “Shortly, we are set to launch our most awaited projects: ModiFi and CreatFi, which will solidify our position as the most comprehensive health and wellness ecosystem in the web3 world. ModiFi is designed to empower users to flourish in all dimensions of wellness, from physical and mental health to spiritual well-being. The core focus lies in uniting top-tier wellness practitioners with advanced health tracking and AI capabilities, enabling users to take charge of their holistic wellness journey like never before.

Through self-paced courses and personal coaching, CreatFi will offer a gateway to personal growth and holistic well-being, cementing Limoverse’s reputation as a leader in the Health and Wellness space.

About Limoverse

With a vision to become the largest digital health economy in the world, Limoverse’s LIMO tokens are currently trading on Poloniex, Bitmart, and Pancakeswap exchanges. As the token expands its presence, Limoverse continues to break new ground in the health and wellness industry, leveraging Web 3 technology to empower individuals and communities alike.

Currently, the Limoverse ecosystem provides users with the option of earning rewards when they walk, jog or run and also when they burn calories thus keeping them motivated and incentivized to stay healthy through the HealthFi program. 

You can download the Limoverse App from both Google Play and App Store. Be sure to visit the official website and join our Twitter, Telegram, and Instagram to stay updated with all the latest news and developments.

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Press Release

Wemade launches Drops NFT auction service on WEMIX PLAY 

Crypto Chain Wire

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  • Game NFTs and special NFTs will be available through English Auction on Drops 
  • NFT auctions for new games Melting Earth, Ballies and Yield KingZ, will be held sequentially until Thursday, October 12th

Leading South Korean game developer Wemade today launched the new Drops NFT auction service on its WEMIX PLAY global blockchain gaming platform. 

Drops will auction off game NFTs and special NFTs minted by various games available on WEMIX PLAY. Players can use WEMIX$ to participate in the auctions which uses the same English auction method as the WEMIX3.0-based DAO & NFT platform NILE (the highest bid is determined as the final winning price). 

To commemorate the launch of Drops, NFT auctions for three new games – Melting Earth, Ballies and Yield KingZ – will be held sequentially until Thursday, October 12th.

Melting Earth is a Metaverse real estate game to restore polluted earth and become the owner of new land; Ballies is an original strategy card game that combines basketball and fantasy elements into a new experience; and Yield KingZ is a Social Casino Game-Fi leveraging benefits of WEB 3.0 based on blockchain.

WEMIX PLAY is the top global blockchain gaming platform with more than 9 million cumulative users. It offers everything from card, puzzle, simulation and strategy games; to first-person shooters, battle royale, multiplayer online battle arena (MOBA), and massively multiplayer online role-playing games (MMORPG); to casual, social networking (SNG) and sports games. 

For more information about the NFT auction service Drops and WEMIX PLAY: https://wemixplay.com/nft/drops/all.

About WEMADE

A renowned industry leader in game development with over 20 years of experience, Korea-based WEMADE is leading a once-in-a-generation shift as the gaming industry pivots to blockchain technology. Through its WEMIX subsidiary, WEMADE aims to accelerate the mass adoption of blockchain technology by building an experience-based, platform-driven, and service-oriented mega-ecosystem to offer a wide spectrum of intuitive, convenient, and easy-to-use Web3 services. Visit www.wemix.com/communication for more information.

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Press Release

Chooky Becomes Official Racing Sponsor of Meadowlands Sports Complex

Crypto Chain Wire

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Chooky, the pioneering cryptocurrency platform, is thrilled to announce a groundbreaking partnership as the Official Racing Sponsor of the Meadowlands Sports Complex. This historic collaboration cements Chooky’s position as the very first cryptocurrency to sponsor this iconic sports and entertainment venue, ushering in a new era of crypto adoption and engagement.

Meadowlands Sports Complex: Nestled in East Rutherford, Bergen County, New Jersey, the Meadowlands Sports Complex is a renowned sports and entertainment destination, overseen by the New Jersey Sports and Exposition Authority (NJSEA). The expansive complex encompasses several world-class facilities, including:

MetLife Stadium: The hallowed ground of the New York Giants and New York Jets of the National Football League (NFL).

Meadowlands Racetrack: A prestigious harness racing circuit renowned for hosting the annual Hambletonian Stakes.

Quest Diagnostics Training Center: The dedicated practice facility for the New York Giants.

American Dream: An innovative retail and entertainment destination, housing the Metropolitan Riveters of the Premier Hockey Federation (PHF).

Meadowlands Arena: A storied venue, once home to the New Jersey Devils of the National Hockey League (NHL), Seton Hall University’s men’s basketball team, and the now-Brooklyn Nets of the National Basketball Association (NBA).

Additionally, the Meadowlands Sports Complex proudly houses the largest sportsbook in the world – FanDuel Sports.

Chooky’s status as the Official Racing Sponsor of the Meadowlands Sports Complex marks a significant milestone in the world of sports sponsorship and cryptocurrency. As part of this historic partnership, Chooky will be prominently featured in commercials during the complex’s live stream, which boasts a daily viewership of millions of users. This presents a unique opportunity to connect with sports enthusiasts and crypto advocates alike. The first commercial of Chooky is set to air on September 30. 

But that’s not all. Chooky’s presence will be felt even more tangibly as a full-page advertisement graces all racing forms and Meadowlands media. This means that every visitor to the Meadowlands, whether drawn by the allure of horse racing or other electrifying entertainment, will be greeted by the captivating $CHOO ad. It’s an invitation to explore the world of Chooky, offering an enticing way to invest and be part of this vibrant cryptocurrency community.

In celebration of this monumental partnership, the Meadowlands Racetrack will host the “Chooky Inu – $CHOO” race on September 30, 2023. Following the race, an official presentation honoring Chooky will be held in the winner’s circle, marking the beginning of an exciting journey together.

Papi, CEO of Chooky, enthusiastically remarked, “This sponsorship of the Meadowlands Sports Complex is groundbreaking for the simple fact that we are the first and only crypto sponsor of theirs. We believe in the potential of cryptocurrencies to reshape industries, and this partnership exemplifies our commitment to innovation and community engagement.”

This sponsorship marks the beginning of Chooky’s comprehensive web2 marketing plan, with more exciting initiatives and engagement opportunities on the horizon. Stay tuned as Chooky’s journey with the Meadowlands Sports Complex unfolds, promising a fusion of sports, entertainment, and cryptocurrency like never before.

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