Elrond suggests a dynamically adaptive sharding mechanism that permits computation and reorganizing of shards based on demand and the number of active network nodes. Elrond’s ecosystem has a growing total market capitalization of $1,206,757,349 and a total trading volume of $36,072,135.
Note: The tokens are ordered by their price unit from lowest to highest
Cantina Royale (CRT)
- Unit Price: $0.1142
- Distinct Features: The Cantina Royale’s ecosystems in-game utilities, such as NFT character progression, NFT recruiting, staking, and unlocking in-game assets; are all powered by the CRT token.
The latest Metaverse Experience Framework was used to build the tactical arcade shooter play-and-earn game Cantina Royale on Verko’s Layer 2 platform
With Cantina’s blockchain-backed support, you can fight, raid, and battle your way to riches and glory with complete control over your virtual characters!
With the fully functional 3D NFT Characters from Cantina Royale, players can destroy the galaxy in the mission-based game mode!
NFT owners can rent out their digital assets to players and automatically divide in-game rewards, thanks to Verko’s Lending Platform. They integrate NFT Interoperability into the Cantina universe through their 3D modeling technologies.
Exchange: CRT is trading live on MEXC and Maiar Exchange with a 24-hour trading volume of $56,516.24.
ZoidPay (ZPAY)
- Unit Price: $0.1163
- Market Cap: $37.93M
- Distinct Features: Gain access to DeFi modules, receive high staking rewards, enjoy excellent token liquidity, and more by staking ZPAY in one of their Shopping Pools to generate passive income.
ZoidPay is a cryptocurrency liquidity platform that offers the lowest fees for instant card issuance with purchases from any merchant.
Users can leverage their NFTs to level up in the ZoidPay ecosystem and receive unexpected benefits. The Elrond blockchain is home to The Zoidsters, a collection of 1001 distinctive digital collectibles.
Access to the gamification features of the ZoidPay ecosystem is through your Zoidster. Increased staking rewards, improved cashback, fee exemptions, free virtual cards, and special prizes are also available.
The native ZPAY token, used for staking, DeFi services like loans, buy-now-pay-later, cash-back, and much more, is the foundation of the ZoidPay ecosystem.
Exchange: ZPAY is trading live on MEXC, BitMart, and Maiar Exchange with a 24-hour trading volume of $53,952.50.
BH Network (BHAT)
- Unit Price: $0.1172
- Market Cap: $14.03M
- Distinct Features: By eliminating favoritism for established sellers and allowing users to select based on their needs, abilities, and budget; the BH Network marketplace ensures fairness for all participants.
BH Network, a group of internet marketing freelancers and business owners, was established as a decentralized marketplace for international freelancers with low-level management available upon request or to address problems. Also, a team of customer service representatives manage listings and report any illegal activity on the platform.
The main goal of BH Network is to build a resilient, community-focused digital asset marketplace using cryptocurrencies as the primary medium of exchange.
BH Network is pioneering freelance marketplace innovation and increases opportunities for people, companies, and clients in a connected, secure, and open world powered by blockchain technology.
Exchange: BHAT is trading live on Maiar Exchange with a 24-hour trading volume of $21,755.48.
holoride (RIDE)
- Unit Price: $0.131
- Market Cap: $51.44M
- Distinct Features: To encourage the production and consumption of in-car content and to enable the monetization of the resulting metadata, the holoride content and data economy looks to establish a stable environment
holoride is at the forefront of a revolution that will fundamentally alter the media and mobility value chains. It allows for the development of an entirely new category of mass-market entertainment and media by introducing the contextual physical reality of the passenger to the equation.
holoride’s platform for in-vehicle experiences, connecting real-time vehicle data with immersive media content which builds an ecosystem where all contributors are fairly rewarded; the cornerstone of this revolution.
holoride looks to create a “Ride-to-Play-to-Earn” cycle that rewards users for participating in holoride experiences.
Exchange: RIDE is trading live on MEXC, Gate.io, BitMart, CoinEx, and Maiar Exchange with a 24-hour trading volume of $164,680.
Crust Network (CRU)
- Unit Price: $0.7203
- Market Cap: $6,653,191
- Distinct Features: The technical foundation of Crust supports computing and data manipulation.
The team’s three core values—decentralization, privacy, and assurance—are realized through Crust Network, a decentralized cloud storage provider.
Multiple storage-layer protocols, including IPFS, are supported by Crust, and users can access on-chain storage features right away.
Crust Network has three main functions:
- NFT and Metaverse Metadata storage
- Personal file storage
- Website/dApp hosting
The network uses a PoS-derived consensus known as GPoS. Using GPoS consensus, the network is reliable, robust, and effective. Both token assets and storage resources serve as guarantees and security for it.
Exchange: CRU is trading live on BingX, CoinW, CoinTiger, Huobi Global, and Gate.io with a 24-hour trading volume of $577,594.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news!
Image Source: mwiederrecht/123RF // Image Effects by Colorcinch
Source: https://nulltx.com/top-5-elrond-ecosystem-below-1-to-watch-in-october-2022/