Here is how Atlcoin Fantoms, Cosoms and HUH Token work
Fantom and Cosmos have seen increases in trading volume and market price over the past few days. HUH, Token is a newer cryptocurrency that could be the next opportunity for those who missed the rise of Fantom and Cosmos.
Fantom, Cosmos, and HUH Token could all see increasing success throughout 2022 as they expand the uses of their currency and reveal more information about up-and-coming projects. However, it is first essential to understand what they are and how they function.
Fantom (FTM)
- The Fantom token, otherwise known as FTM, is the native currency of the Fantom network and allows their proof of stake system to operate. FTM can also be used for governance within its ecosystem, network fees, and sending or receiving payments.
- The Fantom network allows DApps, or decentralised applications, to deploy on its blockchain and already support over 80 DApps. SpookySwap, SushiSwap and Curve are just some examples.
- Fantom and its token FTM pride themselves on having three core components that they execute. The speed and cost of all transactions, the security provided from validating nodes, and their network scalability.
Cosmos (ATOM)
- Cosmos uses ATOM within its network for a variety of purposes. For example, ATOM can be used to stake, hold, spend or spend within the Cosmos ecosystem. Meaning that as the size of Cosmos continues to grow, the token's value should follow in its footsteps.
- Owning ATOM also allows users to become part of governing Cosmos. The number of tokens you own will be proportional to your vote in the decision.
- Cosmos is known as the 'internet of blockchains' due to the increasing number of teams using their open-source tools to streamline transactions between other crypto networks.
HUH Token
- HUH Token was created to be a wealth-generating token that gives equal opportunity for those with small amounts of purchasing power alongside those with large amounts of capital.
- HUH Token accomplishes this through its smart contract. It can provide holders with Binance Coin rewards when people they refer purchase the token for the first time. In addition, simply holding HUH Token will cause it to grow over time. This is achieved through a system called static reflection.
- HUH Token is a part of a much larger project, as it is new this project will be coming in the future. HUH Token will be used alongside a social platform called MetHUH.MetHUH will reward both the social influencers and users of the platform with its native currency. In similar regard to ATOM, HUH Token's value can be expected to increase as more people adopt the MetHUH as their social platform of choice.
Fantom (FTM), Cosmos (ATOM), and HUH Token
All three cryptocurrencies provide different elements to the crypto world and may achieve positive results in their respective fields. AlthoughFantom and Cosmos are well established and could continue to show signs of growth in 2022, the earning capability of investors may be slightly lower as these projects tend to grow slower once popular.
However, HUH Token is a new cryptocurrency and will continuously be listed on more exchanges and listing websites. This, in addition to their MetHUH, could result in early purchases delivering massive returns as their projects come to fruition.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.