## ما هي كوساما (KSM)؟

توصف كوساما بأنها "قريبة بولكادوت البرية"، وهي منصة تجريبية قائمة على [سلسلة الكتل](https://coinmarketcap.com/alexandria/glossary/blockchain) مصممة لتوفير إطار [قابل للتشغيل البيني](https://coinmarketcap.com/alexandria/article/what-is-karura) وقابل للتطوير على نطاق واسع للمطورين.

تم بناء كوساما على "سابستريت" — وهي مجموعة أدوات بناء لسلاسل الكتل طورتها شركة "Parity Technologies". حيث تمتلك كوساما تقريباً نفس قاعدة التعليمات البرمجية مثل بولكادوت — وهي واحدة من أنجح سلاسل الكتل القابلة للتشغيل البيني.

ويمكن للمشاريع الصاعدة، من خلال استخدامها كوساما، الوصول إلى شبكة مقطعة قابلة للتطوير والتشغيل البيني إلى حد كبير، مع ميزات غير متاحة بعد على بولكادوت. وتحقيقا لهذه الغاية، تصف كوساما نفسها بأنها "شبكة كناري ".

تم تصميم المنصة لتوفير قاعدة اختبار للمطورين الذين يتطلعون إلى الابتكار ونشر سلاسل الكتل الخاصة بهم ويمكن استخدامها كشبكة تحضيرية قبل إطلاقها على بولكادوت — ورغم هذا، تختار العديد من المشاريع البقاء على كوساما عندما تنتقل إلى منتجها النهائي.

تستفيد كوساما من تكاليف منخفضة لنشر سلاسل الكتل، ومتطلبات تخزين مؤقت منخفضة للمدققين، وهي شائعة بين الشركات الناشئة في مراحلها المبكرة وفي مراحل التجريب.

### من هم مؤسسو كوساما؟

تم بناء كوساما من قبل نفس الفريق الذي أنشأ بولكادوت، وهي شركة تعرف باسم (Parity Technologies). مؤسسها هو الدكتور جافين وود، عالم الكمبيوتر والمبرمج المشهور عالميا، والذي شارك أيضا في تأسيس إيثريوم.

تمتلك شركة (Parity Technologies) فريقاً واسعاً يضمّ بعضاً من أنجح مهندسي سلاسل الكتل في العالم، ولديها أكثر من 100 موظف في المجموع منتشرين في جميع أنحاء العالم.

بالإضافة إلى ذلك، تم تمويل كوساما بواسطة منح مقدمة من مؤسسة (Web3 Foundation)، والتي تم إطلاقها للمساعدة في "رعاية وإدارة التقنيات والتطبيقات في مجالات بروتوكولات برمجيات الويب اللامركزية ". تدعم (Web3 Foundation) أيضاً كوساما من خلال البحث والتطوير المجتمعي بفضل فريق النمو التابع لها.

### ما الذي يميّز كوساما؟

تعتبر كوساما غير عادية بين منصات سلسلة الكتل لأنها مبنية في الغالب من أجل المطورين الذين يرغبون في إطلاق مشاريع جريئة وطموحة، مع وتيرة تطوير سريعة.

وهي مبنية على تصميم متعدد السلاسل ومقطّع بشكل غير متجانس يستخدم نظام إجماع إثبات الحصة بالتعيين (NPoS) — وهي آلية [إجماع](https://coinmarketcap.com/alexandria/glossary/consensus) بديلة لنموذج [إثبات العمل](https://coinmarketcap.com/alexandria/article/proof-of-work-vs-proof-of-stake) (POW) المستهلك للطاقة، والذي تستخدمه العديد من سلاسل الكتل الأخرى.

يتيح هذا النظام إمكانية إجراء ترقيات سريعة على السلسلة دون الحاجة لانقسامها، ودعم تمرير الرسائل عبر السلسلة (XCMP) لتمكين التواصل مع سلاسل الكتل الموازية الأخرى على شبكة كوساما.

ومثلها مثل بولكادوت، تتميز كوساما بقدرات حوكمة قائمة على السلسلة. هذه الحوكمة القائمة على السلسلة تتميّز بأنها لا مركزية وبدون وسيط، مما يسمح لأي حامل لرموز كوساما (KSM) المشفّرة أو الرموز المشفّرة لسلاسل الكتل الموازية بالتصويت على مقترحات الحوكمة الخاصة بكل منها، والتي قد تشمل الترقيات الافتراضية، والتغييرات على البروتوكول، وطلبات الميزات. والواقع أن هذا الإجراء الإداري المتسلسل أسرع بنحو أربعة أضعاف ذلك الذي تقدمه بولكادوت، حيث لا تتجاوز فترة التصويت والتشريع مجتمعة خمسة عشر يوماً ـ الأمر الذي يؤدي إلى سرعة وتيرة تطوير المشاريع المبنية على كوساما.

تخدم الشبكة المشاريع التي ترغب في الانطلاق، وإطلاق التحديثات والتحسينات دون الحاجة إلى تنفيذ انقسام سلسلة (استنساخ سلسلة كتل) للقيام بذلك — وبالتالي ضمان أقصى قدر من التماسك المجتمعي.

#### صفحات ذات صلة:

اقرأ المزيد عن [بولكادوت (DOT)](https://coinmarketcap.com/ar/currencies/polkadot-new/) — شبكة مماثلة لكوساما (KSM)، ولكنها تركّز على المؤسسات الكبيرة.

ألقِ نظرة على [إيثريوم (ETH)](https://coinmarketcap.com/ar/currencies/ethereum/) — واحدة من أكبر منافسي كوساما.

امتلك معرفة بأساسيات العملات المشفرة مع [CoinMarketCap Alexandria](https://coinmarketcap.com/alexandria/).

قم بزيارة [مدونة CoinMarketCap](https://blog.coinmarketcap.com/) للاطلاع على أحدث الأخبار، والنصائح، والتكتيكات، والرؤى حول السوق.

### كم عدد عملات كوساما (KSM) الموجودة في التداول؟

بحلول نوفمبر 2020، امتلكت كوساما معروض متداول عند 8.47 مليون رمز مشفّر، ومعروض إجمالي عند 10 ملايين رمز مشفّر. وعلى عكس بعض سلاسل الكتل الأخرى، فإن هذا المعروض الأقصى غير ثابت. حيث يزيد بمعدل تضخم يبلغ 10% سنوياً.

وتغير نسبة (KSM) [المخزنة مؤقتاً](https://coinmarketcap.com/alexandria/glossary/staking) طريقة توزيع الرموز المشفرة المنشأة حديثاً (من التضخم). فإذا كان نصف إجمالي عملات (KSM) مخزن مؤقتاً، فإن مدققي كوساما يحصلون على 100% من الرموز المشفّرة الجديدة، أما إذا كان أعلى أو أقل من 50%، فإن بعض المكافآت ستذهب إلى خزانة كوساما.

أطلقت كوساما في البداية كتوزيع مجاني لأولئك الذين شاركوا في طرح العملة الأولي الخاص ببولكادوت (DOT). حيث تم توزيعها بمعدل 1:1، بينما تمكن أولئك الغير مؤهلين للتوزيع من الحصول على كميات صغيرة من (KSM) باستخدام صنبور (توزيع مجاني) — تم إيقاف تشغيله حالياً. على عكس بولكادوت، لم تخضع كوساما لإعادة التسمية لزيادة المعروض المتداول.

### كيف يتم تأمين شبكة كوساما؟

تم بناء كوساما لتعمل باستخدام آلية إجماع إثبات الحصة بالتعيين (NPoS).

وتستخدم هذه الآلية شبكة من الذين يقومون بالترشيح (حاملو عملات KSM المخزنة مؤقتاً)، حيث يختارون العقد التي ستشارك في عملية التحقق من صحة المعاملات. ويتلقى هؤلاء الذين يقومون بالترشيح جزءاً صغيراً من مكافأة التضخم إذا تم اختيار مرشحهم في الدورة التالية. فيما يمكن تقليص حصة المدققين الذين يتصرفون بشكل غير شريف، أو لا يستوفون متطلبات الأداء.

بالإضافة إلى ذلك، تستخدم كوساما آلية صف انتظار بسيطة تعتمد على أشجار "ميركل" لتسوية المعاملات عبر السلسلة. حيث يضطلع المدققون على سلسلة الترحيل بمسؤولية نقل المعاملات من قائمة انتظار الإخراج الخاصة بسلسلة كتل ما إلى قائمة انتظار الإدخال الخاصة بسلسلة الكتل المستهدفة — هذه عملية آمنة وبلا وسيط، وتستخدم نفس المدققين على كل سلسلة لتمرير الرسائل.

### أين يمكنك شراء كوساما (KSM)؟

كوساما (KSM) متاحة حالياً للتداول على عشرات منصات التداول الشهيرة، بما فيها [Binance](https://coinmarketcap.com/ar/exchanges/binance/) و[OKEx](https://coinmarketcap.com/ar/exchanges/okex/) و[Huobi Global](https://coinmarketcap.com/ar/exchanges/huobi-global/). ومن بين الأزواج الأكثر سيولة لعملة (KSM) المشفّرة هي KSM/USDT، وKSM/BTC، وKSM/ETH.

لمزيد من المعلومات حول شراء العملات المشفرة باستخدام العملات الورقية، اطلع على [دليلنا الشامل](https://coinmarketcap.com/how-to-buy-bitcoin/).

وفيما يلي بعض المقالات الأخرى، التي قد تهمك:

* [ما هو صنبور العملات المشفرة؟](https://coinmarketcap.com/alexandria/article/what-is-a-crypto-faucet)
* [ما هي بطاقات السحب المصرفية للعملات المشفرة؟](https://coinmarketcap.com/alexandria/article/what-are-crypto-debit-cards)
* [ما هو Web 3.0؟](https://coinmarketcap.com/alexandria/article/what-is-web-3-0)
* [ماذا تعني زراعة الغلال (Yield Farming)؟](https://coinmarketcap.com/alexandria/article/what-is-yield-farming)
* [ما هو إقراض العملات المشفرة؟](https://coinmarketcap.com/alexandria/article/what-is-crypto-lending)

How to Add Moonriver to MetaMask

CoinMarketCap Launches Parachain Auctions Tracker

What are Parachain Slot Auctions and Crowdloans?

P2P.org

Binance

Kusama

Ledger

Trezor

Trust Wallet

Math Wallet

Polkadot is an open-source sharded multichain protocol that connects and secures a network of specialized blockchains, facilitating cross-chain transfer of any data or asset types, not just tokens, thereby allowing blockchains to be interoperable with each other. Polkadot was designed to provide a foundation for a decentralized internet of blockchains, also known as Web3.

Polkadot is known as a layer-0 metaprotocol because it underlies and describes a format for a network of layer 1 blockchains known as parachains (parallel chains). As a metaprotocol, Polkadot is also capable of autonomously and forklessly updating its own codebase via on-chain governance according to the will of its token holder community.

Polkadot provides a foundation to support a decentralized web, controlled by its users, and to simplify the creation of new applications, institutions and services.

The Polkadot protocol can connect public and private chains, permissionless networks, oracles and future technologies, allowing these independent blockchains to trustlessly share information and transactions through the Polkadot Relay Chain (explained further down).

Polkadot’s native DOT token serves three clear purposes: staking for operations and security, facilitating network governance, and bonding tokens to  connect parachains .

Polkadot has four core components:

Relay Chain: Polkadot’s “heart,” helping to create consensus, interoperability and shared security across the network of different chains;

Parachains: independent chains that can have their own tokens and be optimized for specific use cases;

Parathreads: similar to parachains but with flexible connectivity based on an economical pay-as-you-go model;

Bridges: allow parachains and parathreads to connect and communicate with external blockchains like Ethereum.

Polkadot

In a nutshell, Cosmos bills itself as a project that solves some of the “hardest problems” facing the blockchain industry. It aims to offer an antidote to “slow, expensive, unscalable and environmentally harmful” proof-of-work protocols, like those used by Bitcoin, by offering an ecosystem of connected blockchains.

The project’s other goals include making blockchain technology less complex and difficult for developers thanks to a modular framework that demystifies decentralized apps. Last but not least, an Interblockchain Communication protocol makes it easier for blockchain networks to communicate with each other — preventing fragmentation in the industry.

Cosmos’ origins can be dated back to 2014, when Tendermint, a core contributor to the network, was founded. In 2016, a white paper for Cosmos was published — and a token sale was held the following year. ATOM tokens are earned through a hybrid proof-of-stake algorithm, and they help to keep the Cosmos Hub, the project’s flagship blockchain, secure. This cryptocurrency also has a role in the network’s governance.

Cosmos

Compound is a DeFi lending protocol that allows users to earn interest on their cryptocurrencies by depositing them into one of several pools supported by the platform.

To learn more about this project, check out our deep dive of Compound.

When a user deposits tokens to a Compound pool, they receive cTokens in return. These cTokens represent the individual’s stake in the pool and can be used to redeem the underlying cryptocurrency initially deposited into the pool at any time. For example, by depositing ETH into a pool, you will receive cETH in return. Over time, the exchange rate of these cTokens to the underlying asset increases, which means you can redeem them for more of the underlying asset than you initially put in — this is how the interest is distributed.

On the flip side, borrowers can take a secured loan from any Compound pool by depositing collateral. The maximum loan-to-value (LTV) ratio varies based on the collateral asset, but currently ranges from 50 to 75%. The interest rate paid varies by borrowed asset and borrowers can face automatic liquidation if their collateral falls below a specific maintenance threshold.

Since the launch of the Compound mainnet in September 2018, the platform has skyrocketed in popularity, and recently passed more than $800 million in total locked value.

Compound

Aave

MultiversX is a blockchain protocol that offers true horizontal scalability by using all aspects of sharding (Network, Transaction & State). The project describes itself as a technology ecosystem for the new internet, which includes decentralized finance, real world assets and the Metaverse. Its smart contracts execution platform is reportedly capable of up to 100,000 transactions per second, 6-second latency and a $0.002 transaction cost.

MultiversX is governed and secured through the EGLD token. EGLD, or Electronic Gold, is MultiversX's native token. It acts as a store of value currency to pay for network usage. The coin also serves as a medium of exchange between platform users and validators. Users pay transaction fees in EGLD and validators participate in the consensus process.

EGLD allows developers to deploy smart contracts, protocols, and dApps on the platform. It empowers participants to perform any network action. Through staking and validation rewards, as well as transaction fees, EGLD manages the MultiversX network. Plus, EGLD is endowed with the functionality of a governance token, so its holders can vote on network decisions.

MultiversX

Enjin Coin is a project of Enjin, a company that provides an ecosystem of interconnected, blockchain-based gaming products. Enjin's flagship offering is the Enjin Network, a social gaming platform through which users can create websites and clans, chat, and host virtual item stores.

Enjin allows game developers to tokenize in-game items on the Ethereum blockchain. It uses Enjin Coin, an ERC-20 token, to back the digital assets issued using its platform, meaning that items can be bought, sold and traded with real-world value.

Enjin Coin was first announced in July 2017, and it launched on the Ethereum mainnet in June 2018.

Enjin Coin (ENJ) is a digital store of value used to back the value of blockchain assets like non-fungible tokens (NFTs).
Every asset minted with the Enjin Platform contains ENJ, a minting resource which is locked inside NFTs and removed from circulation. Minting blockchain assets with ENJ provides a variety of benefits to creators and users:

Infuses them with a reserve value

Ensures their transparency and scarcity

Gives them instant liquidity

Provides utility in games and apps

Anti-inflationary

Enjin's "melting" functionality allows users to destroy their blockchain assets at any time to retrieve the ENJ value from within.

The Enjin blockchain ecosystem aims to offer software products that make it easy for everyone to develop, trade, monetize, and market with blockchain.

Founded in 2009, Enjin has roots in the gaming industry, with the company’s first product, a gaming community platform called the Enjin Network, growing to 20 million users over the course of a decade.

In 2017 following an ICO, Enjin established itself as a leading blockchain ecosystem developer, building a suite of software products that enable anyone to easily mint, manage, trade, distribute, and integrate blockchain assets.

Enjin’s co-founder Witek Radomski wrote the code for one of the first ever non-fungible tokens (NFTs) and is also the co-author of the ERC-1155 Ethereum token standard.

Built on top of an on-chain infrastructure, the Enjin ecosystem enables game developers and businesses of all sizes to use tokenized digital assets as part of their acquisition, retention, engagement, and monetization strategies. The Enjin ecosystem is fueled by Enjin Coin (ENJ), a cryptocurrency used to back the value of blockchain assets.

Enjin Coin

Harmony is a blockchain platform designed to facilitate the creation and use of decentralized applications (DApps). The network aims to innovate the way decentralized applications work by focusing on random state sharding, which allows creating blocks in seconds.

According to the project’s website, Harmony is expected to introduce cross-shard contracts and a cross-chain infrastructure by the end of 2021.

Harmony

Tezos is a high-performing blockchain and open-source platform for assets and applications, with a strong focus on code security, on-chain governance, and decentralization. Tezos 2.0, the upcoming step in the evolution of Tezos, aims to improve scalability (via layer 2s), composability, and to implement support to mainstream programming languages (like Javascript, Typescript, Python, and many others).

Initially built with formal verification in mind, the Tezos protocol enables builders to avoid bugs when developing smart contracts, making it particularly suited to applications that require a high degree of security and certainty.

Tezos’ LPoS (Liquid Proof-of-Stake) consensus mechanism enables any stakeholder to take part, directly or by delegation, in the consensus process, and to be rewarded for securing the network. Rather uniquely, Tezos’ on-chain governance system also enables stakeholders to create and vote on protocol upgrade proposals. This pioneering system allows the protocol to self-amend and upgrade itself without leading to a split (or fork) in the blockchain, empowering the community without slowing down innovation.

First proposed in 2014 and launched in 2018, the Tezos Mainnet has a proven track record of running uninterrupted ever since, having earned a strong reputation for technical excellence and a supportive community.

Tezos

Flow

Moonriver is an Ethereum-compatible, smart-contract parachain on Kusama. It is intended to be a companion network to Moonbeam, where it will provide a permanently incentivized canary network. New code will ship to Moonriver first, where it can be tested and verified under real economic conditions. Once proven, the same code will ship to Moonbeam on Polkadot.

It does this by providing a full EVM implementation, a Web3-compatible API, and bridges that connect Moonriver to existing Ethereum networks.

This allows developers to deploy existing Solidity smart contracts and DApp frontends to Moonriver with minimal changes.

Moonriver

Moonbeam is an Ethereum-compatible smart contract parachain on Polkadot. Moonbeam makes it easy to use popular Ethereum developer tools to build or redeploy Solidity projects in a Substrate-based environment.

Moonbeam is much more than just an EVM implementation: it’s a highly specialized parachain that mirrors Ethereum’s Web3 RPC, accounts, keys, subscriptions, logs, and more. The Moonbeam platform extends the base Ethereum feature set with additional features such as on-chain governance, staking, and cross-chain integrations.

Moonbeam’s Ethereum compatibility is unmatched:

Minimal Changes: developers can use existing Solidity smart contracts right away, with no need to rewrite or reconfigure

Use Existing Developer Tools: connect popular tools like MetaMask, Hardhat, Waffle, Remix, and Truffle via a complete set of Web3 RPC endpoints. Use well-known Javascript libraries such as Web3.Js or Ethers.Js.

Unified Accounts, Addresses, and Signatures: use your existing Ethereum H160 accounts & ECDSA signatures to interact with Moonbeam

Tap into the Most Integrations on Polkadot: use existing oracles, bridges, wallets, and other tools that are already building on Moonbeam

Moonbeam provides integration and connectivity between Polkadot Parachains as well as with other chains such as Ethereum and Bitcoin via bridges. Moonbeam was started in 2019 by Derek Yoo of Pure Stake.

Moonbeam

Algorand is a self-sustaining, decentralized, blockchain-based network that supports a wide range of applications. These systems are secure, scalable and efficient, all critical properties for effective applications in the real world. Algorand will support computations that require reliable performance guarantees to create new forms of trust.

The Algorand mainnet became live in June 2019, and was able to handle almost 1 million transactions per day as of December 2020. Algorand transaction metrics can be viewed here. Algorand initial coin offering (ICO) was held in June 2019, with the Algorand price of $0.24 per token.

Algorand

Axie Infinity is a blockchain-based trading and battling game that is partially owned and operated by its players.

To learn more about this project, check out our deep dive of Axie Infinity.

Inspired by popular games like Pokémon and Tamagotchi, Axie Infinity allows players to collect, breed, raise, battle and trade token-based creatures known as Axies.

These Axies can take various forms, and there are more than 500 different body parts available, including aquatic, beast, bird, bug, plant and reptile parts. Parts from each type class come in four different rarity scales: common, rare, ultra rare and legendary — and Axies can have any combination of body parts, making them highly variable and often rare and unique.

Each Axie is a non-fungible token (NFT) with different attributes and strengths and can be entered into 3v3 battles, with the winning team earning more experience (exp) points that are used to level up an Axie's stats or evolve their body parts. These Axies can be bred together to produce new and unique offspring, which can be used or sold on the Axie marketplace.

The Axie Infinity ecosystem also has its own unique governance token, known as Axie Infinity Shards (AXS). These are used to participate in key governance votes and will give holders a say in how funds in the Axie Community Treasury are spent.

Axie Infinity

Fantom is a directed acyclic graph (DAG) smart contract platform providing decentralized finance (DeFi) services to developers using its own bespoke consensus algorithm.

Together with its in-house token FTM, Fantom aims to solve problems associated with smart-contract platforms, specifically transaction speed, which developers say they have reduced to under two seconds.

The Fantom Foundation, which oversees the Fantom product offering, was originally created in 2018, with the launch of OPERA, Fantom’s mainnet, coming in December 2019.

Fantom is an open-source decentralized smart contract platform for DApps and digital assets that was created as an alternative to Ethereum. Fantom has the goal of overcoming the limitations of previous generation blockchains and balancing three components: scalability, security and decentralization. The project offers a set of tools to simplify the process of integrating existing DApps, as well as a detailed staking reward system and built-in DeFi instruments.

Fantom is a Layer-1 blockchain that uses a scratch-built consensus mechanism and independent consensus layer, Lachesis, to facilitate DeFi and related services on the basis of smart contracts. Lachesis provides security for other layers as well, including Opera, Fantom's EVM-compatible smart contract chain. The long-playing mission of the project is to “grant compatibility between all transaction bodies around the world.”

One of Fantom's key strengths is its performance and efficient transaction processing, namely thousands of transactions per second, where transactions are settled in 1-2 seconds, and the cost is fractions of a cent per transaction. As a result, Fantom provides higher scalability but at a lower cost.

The ecosystem is based on two main technologies: Lachesis protocol and Opera.

The Lachesis protocol is the core consensus layer that secures the Fantom network by providing both transaction speed and security.

Lachesis is an aBFT consensus engine that uses a directed acyclic graph (DAG) algorithm. How it works: network data can be processed at different times, and the network filters the participants, allowing only one third, which are allocated due to erroneous or malicious behavior, without compromising network processes.

Fantom's Asynchronous Byzantine Fault Tolerant (aBFT) Proof-of-Stake (PoS) consensus mechanism maintains the efficiency of the entire network, its design provides security at maximum speed. Fantom developers emphasize that the PoS mechanism is a leaderless phenomenon — there are no leaders of blocks and participants, and anyone can join (or leave) the network of nodes at a convenient moment.

The key qualities of Lachesis are: asynchronous, leaderless, Byzantine fault-tolerant, and near-instant finality.

As for Opera, it's an application development layer or Fantom's mainnet deployment platform, permissionless and open-source hosting DApps. Thanks to EVM integration and support for the Solidity programming language, Fantom has a full set of smart contract capabilities, which allows users to seamlessly interact with Ethereum platforms while maintaining the advantage of Fantom's transaction efficiency.

The Fantom Foundation concluded that removing block leaders improves network security, so Opera uses a PoS model and leaderless validators (validators do not determine which blocks are valid).

In addition to being a fast, secure and cheap payment platform that enables to make fast and secure payments at minimal cost, Fantom also features on-chain governance where users vote with FTM tokens (one token equals one vote). Of the features: users have the right to express the degree of agreement / disagreement on a scale from 0 to 4.

FTM is the native utility in-house PoS token of Fantom that powers the ecosystem and is applied for payments, network fees, staking, and governance. FTM forms the backbone of transactions, and allows fee collection and staking activities, along with the user rewards the latter represents.

Fantom

Theta Network

Decentraland (MANA) defines itself as a virtual reality platform powered by the Ethereum blockchain that allows users to create, experience, and monetize content and applications.

In this virtual world, users purchase plots of land that they can later navigate, build upon and monetize.

Decentraland was launched following a $24 million initial coin offering (ICO) that was conducted in 2017. The virtual world launched its closed beta in 2019 and opened to the public in February 2020. Since then, users have created a wide range of experiences on their parcels of LAND, including interactive games, sprawling 3D scenes and a variety of other interactive experiences.

Decentraland uses two tokens: MANA and LAND. MANA is an ERC-20 token that must be burned to acquire non-fungible ERC-721 LAND tokens. MANA tokens can also be used to pay for a range of avatars, wearables, names, and more on the Decentraland marketplace.

Decentraland (MANA) is a decentralized virtual world platform with software based on the Ethereum blockchain, where users create, test and monetize content. In short: users buy virtual plots of land as NFTs with MANA tokens on the Decentraland platform. Progress in the game depends only on players themselves, their efforts and their imagination.

The digital platform is completely owned by its users. Within the Decentraland metaverse, participants can explore the virtual world, purchase plots of land that can be monetized, create works of art, own non-fungible tokens (NFTs), and take part in a decentralized autonomous organization of the platform Decentraland DAO. Due to the DAO, the community influences the development vector of the project.

In addition, users have access to interactive applications, in-world payments and peer-to-peer communication. The 3D world resonates with many participants as Decentraland has many applications, both entertainment for gamers and business for investors.

Two types of tokens called MANA and LAND govern operations in Decentraland. They also allow users to interact with the platform.

MANA is the official currency of Decentraland. It’s an ERC-20 standard token that powers the Decentraland platform. With MANA, users can purchase plots of LAND, as well as pay for in-game items and services.

MANA gives its holders the right to vote in Decentraland DAO. MANA can be purchased on a cryptocurrency exchange or by selling collectibles on Decentraland Marketplace. The owner of tokens converts them to wrapped MANA, or wMANA, and then commits them to the DAO. One wMANA equals one vote. MANA can be exchanged for fiat currency and other digital assets.

As for LAND, it’s a non-fungible token (NFT) based on Ethereum (ETH). It is used to track ownership of land parcels aka digital real estate. Like MANA, LAND is part of the protocol and confers voting rights, but LAND does not need to be fixed in the DAO. One LAND is equal to two thousand votes.

Players choose what to do with their land. Owners store tokens in crypto wallets and buy necessities with MANA tokens on the Decentraland Marketplace. Moreover, on the marketplace, participants can manage or exchange LAND tokens (priced in MANA). Holders use the marketplace to transact or transfer in-game items. All transactions are conducted, regulated and registered via the Ethereum blockchain.

Decentraland combines an online gaming space and blockchain technology. All control over the rules is given to the players, and token holders vote on in-game and organizational policies. The original goal was to form a decentralized virtual reality, but in practice, Decentraland has turned into a massive NFT market.

A special role in Decentraland is assigned to NFTs, such as collectibles, virtual equipment and real estate (LAND). However, for new players who want to join the universe and seize NFTs, the entry barrier will be high.

The Decentraland protocol is built on three levels using Ethereum smart contracts. On the consensus layer, the ownership of LAND is tracked and managed. The land content layer displays the content of the Decentraland virtual world. Finally, on the real-time layer, participants interact with each other.

The platform was co-founded by two blockchain experts, Ari Meilich and Esteban Ordano, in 2015. Officially it was launched a year later and became available only in February 2020, gradually turning from a 2D experiment into a full-fledged 3D world.

To sum up, Decentraland is a decentralized game and a 3D virtual reality platform where players own lands and create limitlessly. Decentralized Autonomous Organization (DAO) software is at the core, and governance is in the hands of the community. Through the native token MANA, players participate in any proposals for managing and improving the ecosystem, the auction system, and the in-game policy.

Decentraland

SushiSwap (SUSHI) is an example of an automated market maker (AMM). An increasingly popular tool among cryptocurrency users, AMMs are decentralized exchanges which use smart contracts to create markets for any given pair of tokens.

SushiSwap launched in September 2020 as a fork of Uniswap, the AMM which has become synonymous with the decentralized finance (DeFi) movement and associated trading boom in DeFi tokens.

SushiSwap aims to diversify the AMM market and also add additional features not previously present on Uniswap, such as increased rewards for network participants via its in-house token, SUSHI.

SushiSwap

Uniswap is a popular decentralized trading protocol, known for its role in facilitating automated trading of decentralized finance (DeFi) tokens.

An example of an automated market maker (AMM), Uniswap launched in November 2018, but has gained considerable popularity this year thanks to the DeFi phenomenon and associated surge in token trading.

Uniswap aims to keep token trading automated and completely open to anyone who holds tokens, while improving the efficiency of trading versus that on traditional exchanges.

Uniswap creates more efficiency by solving liquidity issues with automated solutions, avoiding the problems which plagued the first decentralized exchanges.

In September 2020, Uniswap went a step further by creating and awarding its own governance token, UNI, to past users of the protocol. This added both profitability potential and the ability for users to shape its future — an attractive aspect of decentralized entities.

Uniswap

The 1inch Network unites decentralized protocols whose synergy enables the most lucrative, fastest, and protected operations in the DeFi space.

The 1inch Network's first protocol is a decentralized exchange (DEX) aggregator solution that searches deals across multiple liquidity sources, offering users better rates than any individual exchange. The 1inch Aggregation Protocol incorporates the Pathfinder algorithm for finding the best paths across over 400+ liquidity sources on 12 chains: Ethereum, BNB Chain, Polygon, Avalanche, Optimism, Arbitrum, Fantom, Gnosis Chain, Klaytn, Aurora, zkSync and Base.

In just over two years the 1inch DEX aggregator has reached 1M users and surpassed $150B in overall volume on the Ethereum network alone.

The 1inch Limit Order Protocol facilitates the most innovative and flexible limit order swap opportunities in DeFi. The protocol’s features, such as dynamic pricing, conditional orders, and extra RFQ support, power various implementations, including stop-loss and trailing stop orders, as well as auctions.

The 1inch Wallet is a multichain mobile platform that provides an easy-to-navigate interface with secure storing, transaction, and staking capabilities. This versatile wallet was built from the ground up to streamline interacting with 1inch’s features.

The 1INCH token is the governance and utility token of the 1inch Network. 1INCH holders can stake their tokens to participate in the 1inch Network's DAO governance, including the 1inch DAO Treasury management. Also, holders can choose resolvers and earn a part of their fees.

With the 1inch Fusion, users can stake 1INCH tokens to receive Unicorn Power (UP), then subsequently delegate their UP to any 1inch Fusion Resolver to start receiving rewards from them. When staking, there is the option to set a custom or preset lock period. User’s st1INCH tokens cannot be unstaked/withdrawn without penalty until the designated lock period expires.

In December 2020, 1inch raised $12 million in Series A funding, led by Pantera Capital, with others including ParaFi Capital, Blockchain Capital, Nima Capital, and Spartan Group. The funding round was conducted through a SAFT (simple agreement for future tokens) sale.

In December 2021, 1inch has closed a $175 million Series B round, led by Amber Group. Among about 50 investors that participated in the funding event are Jane Street, VanEck, Fenbushi Capital, Alameda Research, Celsius, Nexo, Tribe Capital and Gemini Frontier Fund.

1inch Network

Pancakeswap was originally built on the BNB Chain and allows users to trade tokens without using a centralized exchange. It provides an array of products, such as:

An exchange to swap tokens

A yield farm to earn rewards

Syrup pools to stake CAKE tokens

Ethereum liquid staking (wBETH) and simple staking

Pancake Protectors game

v3 position manager (new feature)

A prediction market

Initial Farm Offering (IFO) token launches

A bridge to bridge CAKE to Ethereum and Aptos

A lottery

An NFT marketplace

Pancakeswap innovates quickly and ships new products regularly. In April 2023, PancakeSwap voted to transition to a deflationary token model called "Ultrasound CAKE." The protocol passed a proposal called CAKE Tokenomics v2.5 to create a structure combining real yield (no supply impact) and reduced token emissions. Over 102% of minted CAKE is burned weekly. This is intended to provide a multi-year runway for emissions and incentivize locking up CAKE, making the token more valuable long-term.

PancakeSwap has an anonymous team of “Chefs,” working in the PancakeSwap “Kitchen.” The platform is open-source and has been audited by multiple reputable blockchain security firms like Peckshield and Slowmist.

Although the bear market has impacted TVL and trading volume for the protocol, PancakeSwap still boasts an annualized revenue of $27 million, with 42% of CAKE is staked: