NFTs, so non-fungible token, always draw attention to themselves. By and large, this is about digital artworks and virtual assets, which are freely tradable. The acquisition of such a value is often accompanied by special advantages. term “non fungible” refer look on the Representation of the asset. It states that the respective token is directly is bound to a certain value. This can be, for example: Trading cards be, but also virtual paintings or other records. For example, a fungible token would be Bitcoin, since each BTC token is arbitrarily interchangeable and always represents the same value. But which NFT tokens should you buy in July 2021? We took a closer look at the following NFT tokens: DeFi Coin (DEFC), Theta(THETA), Tezos (XTZ), Chilli (CHZ) and Country (MANA).
1. DeFi Coin (DEFC)
A DeFi project that has attracted attention in recent weeks is called DeFi Coin. DeFi Coin (DEFC) is the native token of the DeFi Coin protocol, which aims to make DeFi projects more attractive and increase acceptance, including of NFT networks and tokens. On the platform, it should be possible in the future to exchange cryptocurrencies with other users decentrally and without intermediaries among themselves.
DEFC is based on the Binance Smart Chain. The token is used to implement the goals of the DeFi Coin protocol. These would be: static rewards, automatic liquidity pools and coin burning strategies. After the successful listing on Vindax, it will soon be possible to purchase the coin on other exchanges.
DeFi Coin Coming soon to Pancakeswap
The DeFi Coins (DEFC) project was successfully launched on 30 June 2021 and was able to almost triple its value within a very short time. Analysts believe that the value of the token will soon continue to increase if the coin is offered on several exchanges and exchanges. The listing on Pancakeswap is now planned, followed by Coinmarketcap and Coingecko. A native app is also already being worked on. Currently, the NFT token has probably the greatest potential!
The cryptocurrency THETA is a new NFT token, which can be found in the own Theta network. The Theta network is a Blockchain-based Video delivery Platform. Theta was introduced in 2018 with the vision of significantly improving the streaming and viewing of videos on the Internet. Thus, it is a decentralized Streaming Service with high bandwidth. Users can either stream and get paid for it, while other users can watch the streams in high quality.
Theta decentralizes the video streaming processto improve the quality of available videos to improve. The Theta team identified three main problems live video streaming: bad Quality, high infrastructure costs and inefficient centralized ecosystems. They then used blockchain technology to solve these problems.
The Theta Network reward Spectator for the sharing of bandwidth and resources in the form of theta tokens. This allows the network to eliminate expensive, centralized infrastructure and thus qualitatively provide high-quality, smooth video streaming at a reduced cost.
Tezos (XTZ) is a decentralized, blockchain-based cryptocurrency and a platform for decentralized applications. Like Ethereum, the platform offers a development environment in which companies or individuals can create their own Token-based business models without having to develop a blockchain yourself. That’s why smart contracts are a fundamental part of the Tezos ecosystem.
Tezos uses a delegated Proof-of-work algorithm (DPoS), which enables stakeholders to influence the further development of the platform and be rewarded for validating transactions on the network. For example, stakeholders may decide to pay individuals or groups for their work on the Tezos protocol. In this way, Tezos promises, the ecosystem should develop independently optimize and develop.
4. Chilli (CHZ)
Chiliz is a Payment– and Cryptocurrency Platform for blockchain-based services and products aimed at mainstream consumers. The NFT Token Chiliz will vmainly used in sports and especially in football and enables unique fan engagement experiences that enable companies within the sector to drive and monetize audience participation.
Say, with Chiliz you can support your favorite sports team, in which you are active on the platform itself and trade cryptocurrencies. As a reward, you get CHZ, the native token of the platform. CHZ is a cryptocurrency like any other and can be used both on Socios.com as well as other platforms. In addition to CHZ, special tokens such as JUV or PSG which stand for the respective sports teams.
Decentraland (MANA) is also a consistently interesting NFT token. Decentraland is a virtual reality platform that allows users to create, experience and earn money with content and apps. The platform is based on the Ethereum blockchain and was launched after the ICO 2017. The beta version of the platform began in 2019, but it still took until February 2020 for Decentraland to be made public.
Even with this new cryptocurrency you can currently access cheap. Although Decentraland also collapsed drastically in May, it could return to a high price level in the coming weeks.
Conclusion: DeFi Coin with the greatest potential for July 2021
In addition to the already known NFT tokens Theta, Tezos, Chilli and Home stands out above all DeFi Coin hervor: The listing on Pancakeswap is just before, as well as the development of an app. With the listing, it is now hoped to put the visions and goals of the project into practice. We expect that the price of DeFi Coin will increase rapidly, as there is already a huge interest in the cryptocurrency.
Any investments in cryptocurrencies expose your capital to risk. Any trade in cryptocurrencies is risky. You may lose your entire investment.