Recently, crypto analyst Aaron Arnold, Co-Founder and host of the “Altcoin Daily” YouTube channel, looked at five cryptoassets that have “moon potential” this month.
Mina Protocol ($MINA)
The team behind Mina Protocol says that it is “a layer one protocol designed to deliver on the original promise of blockchain — true decentralization, scale and security.” Mina tries to achieve this “true decentralization” by “replacing the blockchain with an easily verifiable, consistent-sized cryptographic proof.”
Here are some more details:
“Mina dramatically reduces the amount of data each user needs to download. Instead of verifying the entire chain from the beginning of time, participants fully verify the network and transactions using recursive zero knowledge proofs (or zk-SNARKs). Nodes can then store the small proof, as opposed to the entire chain. And because it’s a consistent size, Mina stays accessible — even as it scales to many users and accumulates years of transaction data.“
Arnold says:
“Their blockchain will stay 22 kilobytes forever… More than that, every user acts as a full node so decentralization and permissionlessness is important to them.“
TronPad ($TRONPAD)
The TronPad team says that they have “the only IDO platform built on and partnered with the Tron Network.” Below, they explain what is special about their platform:
“One of the fundamental flaws of existing launchpads is acquiring enough tokens to participate in the ecosystem can be prohibitive. This can be based on a first come first serve basis where automated bots can fill the whitelist spots in a matter of seconds. TronPad addresses this issue and is designed for fair decentralized launches.
“The hallmark of TronPad is a two-round system, consisting of an open public lottery with no requirement for holding tokens, a participation lottery for lower levels and guaranteed allocation for higher levels. Any of the allocation that is not bought in time is then offered on a ‘first come first served’ basis.“
Olympus ($OHM)
Olympus is “a decentralized reserve currency protocol” that “utilizes Treasury Reserves to enable long-term price consistency and scarcity within an infinite supply system.”
Olympus is:
- backed by assets (“Every OHM is backed by DAI and OHM-DAI LP in the treasury. This intrinsic value cannot be diluted, providing a fundamental check on inflation.”)
- algorithmically managed (“Olympus has an adjustable policy state, allowing the DAO to adjust parameters and algorithmically optimize for stability or growth.”)
- community-governed (“Olympus is a DAO first project actively working toward complete distribution of the system to the community.”)
Fear Coin ($FEAR)
Fear is an Ethereum-powered “created by Netcreeper Media Limited which has been involved in the game publishing and development industry for 20 years.” Fear NFTs are “game skins, map expansion packs, and game items like weapons.” The FEAR utility token “offers loyalty incentives, but the game is accessible even with fiat.”
Arnold says:
“You can see tons of YouTubers with millions and millions of views and millions and millions of followers playing their original game called Whack It… So, they already have this successful game that tons of people play and tons of people stream and now they’re basically integrating NFTs and gaming with Fear.“
Virtue Poker ($VPP)
Virtue Poker is “a decentralized poker platform that uses the Ethereum blockchain and peer-to-peer networking to provide an online poker site that’s safe, honest and fun.” Its backers include ConsenSys, Pantera, and DFG.
DISCLAIMER
The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.
