These 3 altcoins have a new staking program and will bring in great rewards for patient owners, according to KOL Tyler Swope
Trader Tyler Swope reveals potential year-end altcoins that he believes will bring great rewards for patient HODLers.
In a new video, host Chico Crypto says he’s watching the decentralized Oracle network Chainlink (LINK) and two other altcoins. According to him, the three assets make a difference by using a new method of staking based on real business performance rather than inflationary rewards.
“A new way of staking is born based on real business performance. Speculation and inflation will no longer be the main drivers of staking, but stakes can be tied to metrics, performance and the alignment of goals between companies in the industry ecosystem. ”
Staking or locking cryptocurrencies for interest or rewards tends to increase the token supply of the digital asset, leading to inflation. Swope said LINK plans to combat this by knocking out underperforming node providers and rewarding good ones.
“The nice thing about staking in Chainlink is that, according to agreements, Oracle nodes can collect LINK as security from the community. This enables growth. Good service providers will be able to conclude more service contracts for customers because they can gain shares from the community and share the income or service rewards with the community. ”
LINK is changing hands at $ 18.9 as of press time. There is currently no specific timetable for the introduction of the staking protocol.
Source: TradingView
Swope is also watching Energy Web Token (EWT), the native cryptocurrency of Energy Web Chain, a blockchain platform designed to accelerate low carbon systems using decentralized open source digital technology.
According to him, EWT has a similar anti-inflation system in that it only rewards investors who are doing well.
“The rewards for decentralized Service Level Agreements (dSLAs) come from real value creation (as opposed to inflation premiums, which are paid with newly minted tokens). dSLA rewards are only distributed to high-performing providers and their supporters. ”
EWT is trading for $ 10.3 at press time and its staking program is live.
Source: TradingView
Finally, Swope introduces UBT, Unibright’s native utility token, a framework that aims to simplify blockchains and contracts for large companies with its “code-free” approach.
Trader emphasized the importance of UBT in the Baseledger token model, a project that aims to connect corporate institutions to Ethereum.
“The heart of everything is the UBT token. UBT is a staking token, a payment token. It is also a baseledger token, the aim of which is to connect companies to the ETH mainnet. ”
UBT is exchanging for $ 1.51 at the time of publication. Swope predicts that Unibright will start staking before the end of the year.
Source: Coinmarketcap
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These 3 altcoins have a new staking program and will bring in great rewards for patient owners, according to KOL Tyler Swope
Trader Tyler Swope reveals potential year-end altcoins that he believes will bring great rewards for patient HODLers.
In a new video, host Chico Crypto says he’s watching the decentralized Oracle network Chainlink (LINK) and two other altcoins. According to him, the three assets make a difference by using a new method of staking based on real business performance rather than inflationary rewards.
“A new way of staking is born based on real business performance. Speculation and inflation will no longer be the main drivers of staking, but stakes can be tied to metrics, performance and the alignment of goals between companies in the industry ecosystem. ”
Staking or locking cryptocurrencies for interest or rewards tends to increase the token supply of the digital asset, leading to inflation. Swope said LINK plans to combat this by knocking out underperforming node providers and rewarding good ones.
“The nice thing about staking in Chainlink is that, according to agreements, Oracle nodes can collect LINK as security from the community. This enables growth. Good service providers will be able to conclude more service contracts for customers because they can gain shares from the community and share the income or service rewards with the community. ”
LINK is changing hands at $ 18.9 as of press time. There is currently no specific timetable for the introduction of the staking protocol.
Source: TradingView
Swope is also watching Energy Web Token (EWT), the native cryptocurrency of Energy Web Chain, a blockchain platform designed to accelerate low carbon systems using decentralized open source digital technology.
According to him, EWT has a similar anti-inflation system in that it only rewards investors who are doing well.
“The rewards for decentralized Service Level Agreements (dSLAs) come from real value creation (as opposed to inflation premiums, which are paid with newly minted tokens). dSLA rewards are only distributed to high-performing providers and their supporters. ”
EWT is trading for $ 10.3 at press time and its staking program is live.
Source: TradingView
Finally, Swope introduces UBT, Unibright’s native utility token, a framework that aims to simplify blockchains and contracts for large companies with its “code-free” approach.
Trader emphasized the importance of UBT in the Baseledger token model, a project that aims to connect corporate institutions to Ethereum.
“The heart of everything is the UBT token. UBT is a staking token, a payment token. It is also a baseledger token, the aim of which is to connect companies to the ETH mainnet. ”
UBT is exchanging for $ 1.51 at the time of publication. Swope predicts that Unibright will start staking before the end of the year.
Source: Coinmarketcap
Join Bitcoin Magazine Telegram to keep track of news and comment on this article: https://t.me/coincunews
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