• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
  • bitcoinBitcoin(BTC)$22,895.000.170%
    BITCOIN
    24H : 0.170%
    Volume : $34,498,028,691.00
    Marketcap : $441,832,059,745.00
  • ethereumEthereum(ETH)$1,631.67-0.04%
    ETHEREUM
    24H : -0.04%
    Volume : $7,612,974,756.00
    Marketcap : $196,779,384,273.00
  • usdex-stablecoinUSDEX(USDEX)$1.08-0.31%
    USDEX
    24H : -0.31%
    Volume : $128,575.00
    Marketcap : $110,959,993,107.00
  • tetherTether(USDT)$1.000.060%
    TETHER
    24H : 0.060%
    Volume : $40,373,742,982.00
    Marketcap : $68,263,113,557.00
  • binancecoinBNB(BNB)$328.871.03%
    BNB
    24H : 1.03%
    Volume : $505,717,636.00
    Marketcap : $51,962,035,557.00
  • usd-coinUSD Coin(USDC)$1.000.100%
    USD COIN
    24H : 0.100%
    Volume : $2,814,106,456.00
    Marketcap : $41,871,442,864.00
  • rippleXRP(XRP)$0.394-1.07%
    XRP
    24H : -1.07%
    Volume : $1,096,982,504.00
    Marketcap : $20,035,726,228.00
  • binance-usdBinance USD(BUSD)$1.000.050%
    BINANCE USD
    24H : 0.050%
    Volume : $10,087,807,844.00
    Marketcap : $16,196,559,101.00
  • cardanoCardano(ADA)$0.385-2.02%
    CARDANO
    24H : -2.02%
    Volume : $305,741,744.00
    Marketcap : $13,526,565,694.00
  • dogecoinDogecoin(DOGE)$0.091-1.76%
    DOGECOIN
    24H : -1.76%
    Volume : $571,714,726.00
    Marketcap : $12,550,716,232.00
TodayinCrypto.com

TodayinCrypto.com

  • Home
  • Latest News
  • YOUTUBE RECAPS
  • CONTACT US

Top 3 Polkadot Projects That Are Hot


March 14, 2021 · By MATheGooner
Cardano (ADA), Ethereum (ETH), Litentry (LIT), Phala Network (PHA), Polkadot (DOT)

Ethereum, Cardano and Polkadot are all in an epic battle competing for the dominance as the go-to smart contracts blockchain. Ethereum is currently leading which makes sense because Cardano and Polkadot have not achieved their final forms.

Cardano is yet to roll out its smart contract functionality but Polkadot is ready to rumble. Based on theoretical computing constraints, there will be only 100 parachain slots available on Polkadot, though potential future optimizations (such as nested relay chains) may allow them to further increase this number. Cryptocurrencies that are able to secure the slots are likely to see unprecedented demand of gains when they go live.

Coin Bureau has revealed three top projects that he feels will secure the parachain slots on the Polkadot blockchain.

Acala Network

First pick is Acala Network. It describes itself as Polkadot’s “DeFi hub” and consists of two core protocols. The first is decentralized stablecoin protocol called “Honza” and the second is a tokenized staking liquidity protocol called Homa, which makes staked DOT liquid for use in other DeFi applications. $ACA Tokenomics? Once released, ACA will have a maximum supply of 100 million, and 12% of this supply will be allocated to those who participate in the parachain loan offering in proportion to the DOT they’ve delegated (6:45).

Phala Network

The second pick is Phala Network, a privacy preserving decentralized database with smart contract functionality. It uses trusted execution environments or TEEs to preserve user privacy. $PHA Tokenomics? PHA has an initial supply of 1 billion with an annual inflation rate of about 5% per year after the Phala main net launches. 9% of this supply will go to those participating in the Parachain Loan Offering (10:11).

Litentry

The third pick is Litentry, a Decentralized identity authentication and user activity data management Infrastructure built on Substrate, ready for Polkadot. Litentry will make it possible to do things like gain gravitas in governance or build up a credit score that can be used to borrow with less collateral in a private and trustless manner. $LIT Tokenomics? Like ACA, LIT has an initial supply of 100 million, and will have an inflation target of 5% per year starting some time in 2025. A whopping 45 million LIT are on the table for lenders in Parachain Slot Auctions (13:45).

This episode premiered on March 13th, 2021.

Primary Sidebar

LATEST NEWS

Research shows London is the commercial city that is the most geared for cryptocurrencies

February 5, 2023

Australia scheduled to release plans to regulate cryptocurrencies in the country

February 4, 2023

Binance severs ties with Indian cryptocurrency exchange WazirX

February 3, 2023

Former Bank of China advisor urges China to rethink its ban on cryptocurrencies

February 2, 2023

Federal judge forbids SBF from using Signal to contact FTX and Alameda staff

February 1, 2023

  • Facebook
  • Instagram
  • Twitter

Newsletter

Footer

ABOUT US

TodayinCrypto is a financial media brand that strives to deliver breaking, accurate and daily news about digital assets to millions of investors in the crypto industry.

We are passionate about Bitcoin and are keen to share news about the people, companies and technological developments that are changing our world.

TODAY IN CRYPTO

  • FTX CEO reveals shocking truth about “Pure Hell” days after bankruptcy February 6, 2023
  • Research shows London is the commercial city that is the most geared for cryptocurrencies February 5, 2023
  • Australia scheduled to release plans to regulate cryptocurrencies in the country February 4, 2023

Search

Tags

Aave (AAVE) Aleph.im (ALEPH) Arweave (AR) Avalanche (AVAX) Benchmark Protocol (MARK) Binance Coin (BNB) Bitcoin (BTC) Bondly (BONDLY) Bridge Mutual (BMI) Cardano (ADA) Celsius Network (CEL) Chainlink (LINK) COTI (COTI) Decentraland (MANA) Dogecoin (DOGE) Elrond (EGLD) Enjin Coin (ENJ) Ethereum (ETH) Ethernity Chain (ERN) Fantom (FTM) FTX Token (FTT) Kusama (KSM) Litecoin (LTC) NFT OriginTrail (TRAC) PAID Network (PAID) PancakeSwap (CAKE) Polkadot (DOT) Polkastarter (POLS) Polygon (MATIC) SnowSwap Solana (SOL) SuperFarm (SUPER) Sushi (SUSHI) Terra (LUNA) Terra Classic (LUNC) The Graph (GRT) Theta Network (THETA) Tixl (TXL) Trustswap (SWAP) Uniswap (UNI) VeChain (VET) XRP (XRP) yearn.finance (YFI) Yield Optimization Platform & Protocol (YOP)

Copyright © 2023 · Today in Crypto · Terms & Privacy · Log in