DeFi Coins of Great Potential – Mushe (XMU), Loopring (LRC) and Stacks (STX)
June 15th, 2022 at 1:10 pm UTC · 3 min read
In this article, we will discuss three cryptos that have massive potential in the DeFi (decentralised finance) space: Mushe (XMU), Loopring (LRC) and Stacks (STX). Each of these coins has excellent potential for growth in the coming years. Let’s take a closer look at each one!
Soon to be Shaking the Market – Mushe (XMU)
The Mushe (XMU) project was launched to make a social impact by educating the masses about cryptocurrencies and financial management. The platform is built on the Ethereum (ETH) blockchain. Mushe aims to adopt blockchain technology by increasing the accessibility level of digital currencies. The focus of the project is metaverse, NFTs and cost-effective swaps.
The primary local asset of the Mushe project is known as XMU. XMU is a decentralised token that simplifies peer-to-peer interaction, management and rewards. The total supply of the token is set at 777 million. This is a much more limited figure than its peers. The limited total supply is a great advantage in terms of easier valuation. According to the team, 233.1 million XMU coins are currently available for presale.
Mushe organises significant events to attract all individual and institutional investors. The project team has launched a unique airdrop program for millions of users from all over the world. The developers state that they will publish their contract addresses close to the launch of the XMU wallet. It is noted that the supported wallets for receiving XMU tokens are Trust wallet and Metamask.
Mine Your Way Through Loopring (LRC)
Loopring (LRC) trading can be performed using the platform’s wallet on the decentralised exchange. In this way, without needing a different wallet or DEX, LRC tokens can be stored by remaining in the Loopring ecosystem.
Loopring miners ensure that orders are filled on the board until the desired transactions for the parties are completed. For this service, miners are paid a fee in Loopring (LRC) tokens. This allows miners to find the best offers for sellers and ensures that sellers get the best value for their money.
The token, which has a total supply of $1.37 billion, has a supply of $1.33 billion in circulation. At the time of writing, the Loopring (LRC) token is ranked 66th in the market with a daily trading volume of $210 million and is currently priced at $0.7.
Stacks (STX) is Based on Strong Foundations
Stacks (STX) operates as an open-source network of decentralised applications (dApps) integrated with the leading cryptocurrency, Bitcoin (BTC). The primary native asset of the platform is known as STX. Stacks (STX) allows users to earn BTC through staking, where Stacks and Bitcoin networks work simultaneously. These networks make it possible to modify smart contracts and dApps without changing the BTC chain. The Bitcoin blockchain powers all smart contracts in the Stacks ecosystem. Decentralised applications (dApps) are public and can be developed by anyone. All transactions are recorded on the Bitcoin blockchain.
In addition, the old name of the Stacks project was determined as “Blockstack” and was changed in 2019. The most important feature that distinguishes the Stacks (STX) token from the others is that it has the title of the first cryptocurrency approved by the Securities and Exchange Commission (SEC), the securities regulator in the USA. The US, New York-based project’s founders are Muneeb Ali and Ryan Shea.
DeFi coins are interesting because they have the potential to provide more value than traditional cryptocurrencies. Mushe (XMU), Loopring (LRC) and Stacks (STX) are three examples of coins with great potential that you may want to consider investing in.