## Nexo (NEXO) کیا ہے؟

Nexo [بلاک چین](https://coinmarketcap.com/alexandria/glossary/blockchain) پر مبنی ایک قرضہ دہندہ پلیٹ فارم ہے، جو صارفین کو [کریپٹو کرنسی](https://coinmarketcap.com/alexandria/article/what-are-cryptocurrencies) کی شکل میں فوری قرضے فراہم کرتا ہے۔ صارفین قرضہ حاصل کرنے کے لیے فیاٹ کرنسی یا اسٹیبل-کوائن کی شکل میں بطور ضمانت ایک قابل قبول ٹوکن جمع کرواتے ہیں — جیسے 1Bitcoin1 (BTC)، 2Ether2 (ETH)، 3Litecoin3 (LTC) یا 4XRP4 (XRP)۔

Nexo ایک ایسا مقامی ٹوکن NEXO ہے، کہ جو پلیٹ فارم میں مقفل کیے جانے پر صارفین کو فوائد بہم پہنچاتا ہے، مثلاً قرضوں کی مد میں لیے جانے والے مُنافع پررعایات دی جاتی ہیں، اوردوسری طرف، جمع کروائے گئے فنڈز پر ایسے مواقع فراہم کیے جاتے ہیں، جو بہتر منافع سے متعلق ہوتے ہیں۔ Nexo کے مُنافع میں سے ٹوکن ہولڈرز بھی سہہ ماہی حصّہ وصول کرتے رہیے ہیں۔

اپریل سن 2018 میں شروع ہونے والے پراجیکٹ کے بارے میں پہلا [اعلان](https://medium.com/nexo/nexobank-get-instant-loans-secured-by-digital-assets-2d04c75d25ac)دسمبر سن 2017 کے دوران کیا گیا تھا۔

### Nexo کے بانی کون ہیں؟

[Nexo](https://nexo.io/) کی بُنیاد مالیاتی ماہرین اور کریپٹو کے پرستاروں پر مشتمل ایک ٹیم نے رکھی، جنہوں نے روایتی مالیات کے لیے، کرپٹو کا ایک مضبوط مُترادف تخلیق کرنے کی غرض سے بلاک چین کی جانب وہ راستہ اختیار کیا، جس کی ڈیجیٹل فنانس میں کوئی مثال موجود نہیں تھی — یعنی ملکیت بھی برقرار رہے اور اپنے اثاثوں کی قدر کے مُقابل قرضہ بھی لیا جا سکے۔ سن 2018 میں، اس ٹیم نے پہلی کریپٹو کریڈٹ لائنز کی پیشکش کرتے ہوئے Nexo پلیٹ فارم کا آغاز کیا، جس سے ڈیجیٹل اثاثے رکھنے والوں کو ان کی کریپٹو کرنسی کے بدلے فیاٹ اور اسٹیبل-کوائن قرضے حاصل کرنے کی سہولت ملی، اور اسطرح کرپٹو قرضے دینے والی ایک مخصوص جگہ کی بُنیاد رکھی گئی۔

Nexo اپنی حمایت میں 30 سال سے زیادہ عرصے پر مُحیط اجتماعی مالیاتی خدمات کے مجموعی تجربے کا حامل ہے۔ Nexo کا تجربہ ان خدمات پر مشتامل ہے: غیر-کریپٹو قرض دینا، سرمایہ کاری بینکنگ، ہیج فئنڈزنیز ادغام و حصول۔ شریک بانیوں اور انتظامی شراکت دار [Antoni Trenchev](https://twitter.com/antroninexo) کے ہمراہ، مالیاتی قوانین میں تجربے کی بُنیاد پر تعاون کرنا، تیز KYC اور AML کے لیے سولُوشنز میں تعاون کرنا بھی اس کی پیش کردہ خدمات میں شامل ہیں۔

Trenchev جو وسیع تر بلاک چین، اور کرپٹو کو اپنائے کے بارے میں سفارشات کے حوالے سے ایک مخصوص ٹریک ریکارڈ رکھتے ہیں، اور جنہوں نے Nexo کی لیڈرشپ کے عوامی چہرے کے حیثیت سے کردار ادا کیا، واضح طور پر سن 2015 سے 2017 تک بلغاریہ کی قومی اسمبلی میں رُکنِ پارلیمنٹ کے طور پر خدمات انجام دیں، جہاں انہوں نے ای-گورنمنٹ خدمات کے لیے بلاک چین سلوشنز کے نفاذ کو فروغ دیا۔ وہ ذرائع ابلاغ کے مرکزی دھارے بشمول [Bloomberg](https://www.bloomberg.com/news/videos/2020-12-11/bitcoin-foundations-are-firm-says-nexo-s-antoni-trenchev-video) اور [The Independent](https://www.independent.co.uk/life-style/gadgets-and-tech/bitcoin-price-all-time-high-record-b1761235.html) نیز [CNBC](https://www.cnbc.com/video/2019/06/25/hard-for-cryptocurrency-doubters-to-continue-their-cause-expert.html)۔ میں رہ کر کرپٹو اور ڈیجیٹل مالیات سے منسوب حالیہ واقعات پر کثرت سے تبصرہ کرتے دکھائی دئے،

فی الوقت Nexo $4 بلین سے زیادہ مالیت کے اثاثوں کے لیے، 200 سے بالا حلقوں میں موجود ایک ملین سے بھی زیادہ صارفین کے لیے خدمات سرانجام دے رہا ہے۔ لندن میں قائم اپنے صرر دفتر کے ساتھ، فی الحال یہ کمپنی 150 ملازمین پر مشتمل ہے۔

### وہ کیا چیز ہے جو Monero کو منفرد بناتی ہے؟

اپنے [قرطاس الابیض](https://coinmarketcap.com/alexandria/glossary/whitepaper) کے مُطابق، قرضہ دینے والوں کی مارکیٹ میں پھیلے یوئے ناکارہ پن کو حل کرنے کا ارادہ رکھنے والا Nexo، [سب سے پہلا](https://nexo.io/assets/downloads/Nexo-Whitepaper.pdf) کریپٹو کرنسی کا حمایت یافتہ قرض دہندہ ہے۔ قرضہ دینے کے لیے اس کا خُودکار طرز عمل قرضوں کے انتظامات کی غرض سے Ethereum بلاک چین پرموجود [اسمارٹ معاہدات](https://coinmarketcap.com/alexandria/glossary/smart-contract) اور [اوریکل](https://coinmarketcap.com/alexandria/article/oracles-in-defi-101-a-deep-dive-by-tellor) کا استعمال کرتا ہے۔ کسی صارف کی جانب سے Nexo والیٹ میں کریپٹو کرنسی منتقل کیے جانے کے بعد، اوریکل قرضہ طے کرتا ہے، اور فوراً ہی متعلقہ صارف کے لیے فنڈز وقف کر دیے جاتے ہیں۔ جب کوئی صارف قرض ادا کرنے کے لیے رقم جمع کرواتا ہے، اوریکل کریپٹو کرنسی واپس کرنے کے بعد اُس لین-دی کو بلاک چین پر ریکارڈ کر لیتا ہے۔ NEXO کو چلانے اور بقایہ جات کا ریکارڈ مُرتّب کرنے کے لیے اسمارٹ معاہدات کا استعمال کیا جاتا ہے۔

Nexo انفرادی اور ادارہ جاتی سرمایہ کاروں، کریپٹو کرنسی کمپنیوں، ایکسچینجز، مائنرز اور اُن سب کے لیے [مارکیٹ کیا جاتا ہے](https://nexo.io/assets/downloads/Business-Overview.pdf) جو اپنے اثاثوں پر [لیکویڈیٹی](https://coinmarketcap.com/alexandria/glossary/liquidity) حاصل کرنے کے خواہشمند ہوں۔ کمپنی، دیے گئے قرضوں سے حاصل شدہ سُود پر مُنافع کماتی ہے، نیز ادارہ جاتی قرضے اور مشاورتی خدمات بھی پیش کرتی ہے۔

Nexo کلائنٹس پر مشتمل ایک ایسا صارف-بیس بنانے کے لیے کوشاں ہے، جو اس پلیٹ فارم کا استعمال جاری رکھتے ہوئے Nexo میں سرمایہ کاری کرتا رہے۔ اسطرح، کمپنی نے اُن کھاتہ داروں کے لیے ایک ’’وفاداری پروگرام‘‘ کا آغاز کیا ہے جو Nexo کو اپنے اکاؤنٹ میں رکھتے ہیں۔ اس پراگرام کے تحت اُنہیں [قرضوں](https://nexo.io/blog/the-loyalty-program-and-how-it-benefits-you-part-1-better-borrowing) پر ترجیحی شرح مُنافع اور [بچت](https://nexo.io/blog/the-loyalty-program-and-how-it-benefits-you-part-2-dynamic-passive-income) کی مد میں بہتر فوائد دئے جاتے ہیں۔ Nexo اپنے مُنافع کا 30%، NEXO ٹوکن مالکان کو اضافی حِصّے یا بونس کی شکل میں بھی [تقسیم کرتا ہے](https://medium.com/nexo/nexo-dividends-explained-6636804db3a)۔

#### متعلقہ صفحات:

[SALT](https://coinmarketcap.com/ur/currencies/salt/) کے بارے میں جانیے، جو کریپٹو سے ضمانت یافتہ ایک قرض دہندہ پلیٹ فارم ہے۔

[Maker](https://coinmarketcap.com/ur/currencies/maker/) کے بارے میں جانیے، جو کریپٹو کی شکل میں ایک قرض دہندہ پلیٹ فارم ہے۔

کیا آپ اوریکلز (oracles) کے بارے میں مُتجسِس ہیں؟ CoinMarketCap کے آن لائن تعلیمی وسیلے Alexandria پر ایک [تفصیلی گائیڈ](https://coinmarketcap.com/alexandria/article/oracles-the-all-seeing-eye-that-guides-crypto-networks) کا مطالعہ کیجیے۔

[CoinMarketCap بلاگ](https://blog.coinmarketcap.com/) کے ہمراہ [غیر مرکزی مالیات](https://coinmarketcap.com/alexandria/article/what-is-decentralized-finance) کے بارے تازہ ترین حالات و واقعات سے باخبر رہیے۔

### فی الوقت کُل کتنے Nexo (NEXO) کوائنز گردش میں ہیں؟

Nexo بلین ٹوکنز کی معیّن شُدہ سپلائی کا حامل ہے۔ اس تعداد میں سے مندرجہ ذیل اسلوب کے تحت [تخصیص](https://nexo.io/assets/downloads/NEXO-Token-Terms.pdf) کی گئی:

* کمپنی کے اوور-درافٹ فنڈنگ ذخائر کے لیے 250 ملین یعنی NEXO (25%)، جو 12 ماہ پر مُحیط ویسٹنگ دورانیے اور چھ مہینے کے کلِف (cliff) سے مشروط ہے؛
* بانیوں اور ٹیم کے لیے 112.5 ملین یعنی NEXO ،(11.25%)، جو 48 ماہ کے سہ ماہی دورانیے سے مشروط ہے؛
* کمیونیٹی کی تعمیر اور ایئر-ڈراپ مہم جوئی کے لیے 60 ملین یعنی NEXO ،(6%)، جو 18 مہینے پر مشتمل سہ ماہی ویسٹنگ دورانیے سے مشروط ہے؛
* مُشیروں، قانونی معاملات پر اُٹھنے والے اخراجات اور ماکیٹنگ کی مَد میں 52.5 ملین، جو 12 مہینے پر مُحیط ویسٹنگ دورانیے سے مشروط ہے؛
* سرمایہ کاروں کو فروخت کی جانے والی تعداد 525 ملین یعنی NEXO (52.5%) پر مشتمل ہے۔

اگرچہ Nexo نے ابتدائی طور پر ایک عوامی پری-سیل اور مرکزی ٹوکن سیل کا منصوبہ بنایا تھا، لیکن بعد میں اپنی نجی-سیل میں سرمایہ کاروں کی زبردست دلچسپی کے سبب اپنی عوامی-سیل کو[منسُوخ](https://medium.com/nexo/update-on-the-nexo-token-sale-995e9c21e22b) کر دیا۔

اکتوبر سن 2020 میں، کمپنی نے [اعلان کیا](https://medium.com/nexo/dispatch-8-nexo-invites-you-to-tokenup-with-nexonomics-bdcb9ef9e38d) کہ وہ Nexo کی قدر میں اضافے کی غرض سے، [ٹوکنامکس](https://coinmarketcap.com/alexandria/article/what-is-tokenomics) کو چلانے کے لیے، ایک "Nexonomics" پیشقدمی کا آغاز کرنے والی ہے۔ بعد میں کمپنی نے یہ [انکشاف کیا](https://nexo.io/blog/nexo-launches-12-million-dollar-buyback-program) کہ وہ $12 ملین مالیت کے NEXO واپس خرید لے گی۔

### Nexo نیٹ-ورک کو کیسے محفوظ بنایا جاتا ہے؟

Nexo ایک نجی ملکیتی کمپنی ہے، اور اسطرح اپنے نیٹ-ورکس، نیز اپنے صارفین کے تحفّظ کی ذمہ دار ہے۔ Nexo اپنے اثاثوں کو BitGo میں [ذخیرہ کرتا ہے](https://nexo.io/security)۔ BitGo کریپٹو اثاثوں کا ایک مُتولّی ہے، جو ٹوکنز کو ایسے کولڈ-سٹوریج والیٹس میں رکھ دیتا ہے، جسے $100 ملین کی انشورنس پالیسی کا تحفّظ حاصل ہوتا ہے۔ نومبر سن 2019 میں، Nexo نے مُطّلع کیا کہ وہ RINA اور Consortium for IT Software Quality سے آڈٹ ہونے کے بعد ISO/IEC 27001:2013 سے تصدیق یافتہ ہو چُکا ہے۔

اس کا مقامی ٹوکن NEXO، ایک [ERC-20](https://coinmarketcap.com/alexandria/glossary/erc-20) ٹوکن ہے، جس کا اجراء Ethereum بلاک چین پر کیا گیا؛ مطلب یہ کہ، سب آن-چین NEXO لین-دین کا تحفّظ اور ان کی توثیق Ethereum مین-نیٹ پر اس کے Ethash [پروف-آف-ورک](https://coinmarketcap.com/alexandria/article/proof-of-work-vs-proof-of-stake) [اتفاق رائے](https://coinmarketcap.com/alexandria/glossary/consensus) الگورتھم کے ذریعے کی جاتی ہے۔ مائینرز بلاک چین میں نئے بلاکس شامل کرنے کے لیے ایک دوسرے سے مُسابقت کرتے ہیں، اور نیٹ-ورک پر موجود تمام نوڈز کی اکثریت کے لئے ایک ریکارڈ کی تصدیق ضروری ہو جاتی ہے۔

اپنے آغاز کے موقع پر Nexo نے [اطّلاع دی](https://twitter.com/NexoFinance/status/990273324663029760) کہ اس کے ٹوکن کا ’’مُکمل آڈٹ‘‘ ہو چُکا ہے۔ نومبر سن 2019 میں، Castillo نیت ورک نے اسمارٹ معاہدات کا آزادانہ [آڈٹ کیا](https://github.com/EthereumCommonwealth/Auditing/issues/285#issuecomment-503660872) جس میں سکیورٹی سے متعلق کوئی مسئلہ نہیں پایا گیا۔

### آپ Nexo (NEXO) کہاں سے خرید سکتے ہیں؟

Nexo کریپٹو کرنسی ایکسچینجز مثلاً [Huobi Global](https://coinmarketcap.com/ur/exchanges/huobi-global/) اور [UPEX](https://coinmarketcap.com/ur/exchanges/upex/) نیز [Hoo](https://coinmarketcap.com/ur/exchanges/hoo/) اور [Bitrue](https://coinmarketcap.com/ur/exchanges/bitrue/) وغیرہ، اور دیگر سے خریدا جا سکتا ہے۔ اس کی تجارت فیاٹ کرنسیوں کے مُقابل، جیسے، جنوبی کوریائی وَون، اور ہندوستانی روپیہ کی جا سکتی ہے۔ نیز کریپٹو کرنسیوں میں [Bitcoin](https://coinmarketcap.com/ur/currencies/bitcoin) (BTC) اور [Ether](https://coinmarketcap.com/ur/currencies/ethereum) (ETH)، اسٹیبل-کوائن [Tether](https://coinmarketcap.com/ur/currencies/tether/) یعنی (USDT) وغیرہ بھی ان میں شامل ہیں۔

کیا آپ NEXO یا دیگر کرپٹو کرنسیوں مثلاً [Bitcoin](https://coinmarketcap.com/ur/currencies/bitcoin) کی خریداری میں دلچسپی رکھتے ہیں؟ CoinMarketCap کے پاس ایک سادہ [قدم با قدم گائیڈ](https://coinmarketcap.com/how-to-buy-bitcoin/) کریپٹوکے بارے میں آپ کو مُکمل معلومات فراہم کرنے، نیز یہ تربیت دینے کے لئے موجود ہے کہ پہلا کوائن کیسے خریدا جائے۔

ذیل میں ایسے چند مزید آرٹیکلز پیش ہیں جو شاید آپ کو دلچسپ معلوم ہوں:

* [کرپٹو Faucet کیا ہوتا ہے؟](https://coinmarketcap.com/alexandria/article/what-is-a-crypto-faucet)
* [کرپٹو کے ڈیبٹ کارڈز کیا ہوتے ہیں؟](https://coinmarketcap.com/alexandria/article/what-are-crypto-debit-cards)
* [ویب 3.0 کیا ہے؟](https://coinmarketcap.com/alexandria/article/what-is-web-3-0)
* [منافع جاتی فارمنگ کیا ہوتی ہے؟](https://coinmarketcap.com/alexandria/article/what-is-yield-farming)
* [کرپٹو ادھار میں دینے کا عمل کیا ہوتا ہے؟](https://coinmarketcap.com/alexandria/article/what-is-crypto-lending)

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.@ether_fi's $ETHFI is live on Nexo! Let's do a quick overview. ⬇️

The https://t.co/iJkTYCsR1t network is a decentralized Ethereum staking protocol that prioritizes user flexibility and autonomy. 

Unlike traditional methods that lock assets long-term, https://t.co/iJkTYCsR1t issues $eETH, a liquid staking token, allowing users to remain active in trading and other DeFi applications without sacrificing their staking rewards.

$ETHFI serves as the governance token for the https://t.co/iJkTYCsR1t network. In this ecosystem, $ETHFI holders are crucial in directing the trajectories of $weETH and $eETH, vital components to the network's functionality. 

Through active governance participation, these stakeholders have a direct impact on protocol updates, feature implementations, and strategic decisions.

This information is for educational purposes only. Please conduct thorough research before making financial decisions. Not available in the U.K.

Binance

Nexo

Ledger

Trust Wallet

MetaMask

Binance Chain Wallet

Atomic wallet

Ethereum

Shiba Inu

Chainlink

Uniswap

UNUS SED LEO

Fetch.ai

Axie Infinity

DeXe

Pendle

Wormhole

Safe

The Sandbox

Aave

MANTRA

Livepeer

ROTTYCOIN

Fofar

Smart Reward Token

QANplatform

LandWu

Basic Attention Token, or BAT, is the token that powers a new blockchain-based digital advertising platform designed to fairly reward users for their attention, while providing advertisers with a better return on their ad spend.

To learn more about this project, check out our deep dive of Basic Attention Token.

This experience is delivered through the Brave Browser, where users can watch privacy-preserving adverts and receive BAT rewards for doing so. On the other hand, advertisers can deliver targeted ads to maximize engagement and cut down losses due to ad fraud and abuse.

The Basic Attention Token itself is the unit of reward in this advertising ecosystem, and is exchanged between advertisers, publishers and users. Advertisers pay for their advertising campaigns in BAT tokens. Out of this budget, a small portion is distributed to advertisers, while 70% is distributed to users — whereas the intermediaries that typically drive up advertising costs are cut out of the equation to improve cost-efficiency.

Basic Attention Token launched in 2017 following one of the fastest sell-out initial coin offerings (ICOs) of all time, with the platform raising a total of $35 million in under a minute. Since then, it has rolled out its attention-based advertising experience to users in most countries through its Brave Rewards program.

As of November 2020, the United States, the United Kingdom and Canada had the most active advertising campaigns.

Basic Attention Token

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

Cronos (CRO) is the native cryptocurrency token of Cronos Chain — a decentralized, open-source blockchain developed by the Crypto.com payment, trading and financial services company.

Cronos Chain is one of the products in Crypto.com’s lineup of solutions designed to accelerate the global adoption of cryptocurrencies as a means of increasing personal control over money, safeguarding user data and protecting users’ identities. The CRO blockchain serves primarily as a vehicle that powers the Crypto.com Pay mobile payments app.

In the future, Crypto.com plans to expand the reach of the CRO platform to power its other products as well.

CRO went live in November-December 2018.

Cronos

KCS is the native token of KuCoin, which was launched back in 2017 as a profit-sharing token that allows traders to draw value from the exchange. It was issued as an ERC-20 token running on the Ethereum network and was supported by most Ethereum wallets. The total supply of KCS was set at 200 million, and there is a planned buyback and burn until just 100 million KCS remain. Sooner or later, as the KuCoin decentralized trading solution goes live, KCS will be the native asset of KuCoin's decentralized financial services as well as the governance token of the KuCoin community in the future.

KuCoin has also announced that “Empowering KCS'' will be a key priority of KuCoin and will build KCS as a killer product rather than a simple token, which is bound to further diversify the benefits that KCS holders can access. In the long run, KCS performs as the key to the entire KuCoin ecosystem. With the development of DEX and KuChain, KCS will also be the underlying fuel and general token for future KuCoin decentralized products. More details will likely be released in the near future.

KuCoin Token

Celsius (CEL) is an all-in-one banking and financial services platform for cryptocurrency users.

Launched in June 2018, it offers rewards for depositing cryptocurrency, along with services such as loans and wallet-style payments.

Users of the platform receive regular payouts and interest on their holdings. Celsius’ native token, CEL, performs a variety of internal functions, including boosting user payouts if used as the payment currency.

Celsius

Developed by leading Korean IT company Kakao, Klaytn is a global Layer 1 public blockchain designed to power tomorrow’s on-chain world. With the lowest transaction latency amongst leading blockchains, enterprise-grade reliability, and a developer-friendly environment, Klaytn provides a seamless experience for users and developers that is second to none. Since its launch in June 2019, Klaytn has been accelerating blockchain mass adoption through a broad array of use cases from DeFi to real-world assets, entertainment and gaming, and even the Bank of Korea’s CBDC pilot project. Today, it is one of the only globally competitive Web 3.0 ecosystems developed in South Korea, generating more than 1 billion transactions from over 300 decentralized applications.

Klaytn

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

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

Chiliz is the leading digital currency for sports and entertainment by the eponymous Malta-based FinTech provider. It operates the blockchain-based sports entertainment platform Socios, which enables users to participate in the governance of their favorite sports brands. Multiple fan tokens by Socios.com are an example of that. For sports clubs and associations, fan tokens offer a way of connecting with their fans and unlocking new revenue streams.

For instance, fans can participate and influence club-related decisions through surveys and polls, such as messages the captain should wear on his armband. The company aims to bridge the gap between being an active and a passive fan. Chiliz has developed partnerships with some of the biggest sporting institutions in the world: FC Barcelona, Manchester City, Juventus Turin, and Paris Saint-Germain. It also boasts partnerships with the UFC and gaming organizations. By purchasing CHZ, fans get access to various fan tokens and literally have a stake in their club.

Chiliz

Zcash is a decentralized cryptocurrency focused on privacy and anonymity. It uses the zk-SNARK zero-knowledge proof technology that allows nodes on the network to verify transactions without revealing any sensitive information about those transactions.

Contrary to a common misunderstanding, the majority of cryptocurrencies on the market, including Bitcoin (BTC), are not anonymous, but rather pseudonymous; while they do not explicitly reveal the identities of their users, each user has their own public address or addresses which can be traced back to them via the methods of data science and blockchain forensics.

Zcash transactions, on the other hand, still have to be relayed via a public blockchain, but unlike pseudonymous cryptocurrencies, ZEC transactions by default do not reveal the sending and receiving addresses or the amount being sent. There is an option, however, to reveal this data for the purposes of auditing or regulatory compliance.

Zcash was first released on October 28, 2016, and it was originally based on Bitcoin’s codebase.

Zcash

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

THORChain is a decentralized liquidity protocol that allows users to easily exchange cryptocurrency assets across a range of networks including Bitcoin and Ethereum without losing full custody of their assets in the process.

With THORChain, users can simply swap one asset for another in a permissionless setting, without needing to rely on order books to source liquidity. Instead, market prices are maintained through the ratio of assets in a pool (see automated market maker.

The native utility token of the THORChain platform is RUNE. This is used as the base currency in the THORChain ecosystem and is also used for platform governance and security as part of THORChain's Sybil resistance mechanisms — since THORChain nodes must commit a minimum of 300k RUNE to participate in its rotating consensus process.

THORChain was funded through an initial DEX offering (IDO) which launched through the Binance DEX in July 2019. Its single-chain chaosnet launched in April 2021, the multi-chain upgrade was launched in April 2021 and Mainnet is now live as of Jun 2022..
Learn more here

THORChain

The EOS Network is an open-source blockchain platform that prioritizes high performance, flexibility, security, and developer experience. As a third-generation blockchain platform powered by the EOS virtual machine, EOS has an extensible WebAssembly engine for deterministic execution of near fee-less transactions.

EOS is the market's most scalable, divisible, and programmable digital currency. EOS is a Delegated Proof of Stake (DPoS) network where stakeholders have the authority to select node operators. Due to the decentralized nature of the token distribution on EOS, power doesn't reside in the hands of block miners, but rather all parties involved in the EOS Network.

The EOS Network is attractive because of its technology and community. It allows developers to build projects that other blockchains cannot support. The network is straightforward and has multiple tools and educational resources to help users acclimate to the blockchain.

Huobi Token (HT) is the native token of the cryptocurrency exchange Huobi Global. It is a decentralized digital asset based on the Ethereum blockchain and is ERC-20 compliant. HT’s value is in part reliant upon the reputation of the Huobi crypto exchange, yet other factors also have an impact.

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

Huobi Token is a relatively young project. It first launched in January 2018, hot on the heels of the release of a native token on rival crypto exchange Binance. Having its own token allows Huobi to build a flexible marketing strategy in order to attract new users and further grow its platform.

One key function of the token is to reduce commissions for trading operations on the exchange, which are usually paid from users' wallets. Yet the token has much more to offer. Using HT, users can purchase monthly VIP-status plans to receive discounts on transaction fees. Token holders have the right to vote on exchange decisions, can receive crypto rewards for seasonal buybacks, and also get early access to special events. HT holders can, at any point, trade the token for other cryptocurrencies.

Huobi Token

Curve is a decentralized exchange for stablecoins that uses an automated market maker (AMM) to manage liquidity.

Launched in January 2020, Curve is now synonymous with the decentralized finance (DeFi) phenomenon, and has seen significant growth in the second half of 2020.

In August, Curve launched a decentralized autonomous organization (DAO), with CRV as its in-house token. The DAO uses Ethereum-based creation tool Aragon to connect multiple smart contracts used for users’ deposited liquidity. Issues such as governance, however, differ from Aragon in their weighting and other respects.

Curve DAO Token

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.

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:

PancakeSwap

Theta Network

Zilliqa is a public, permissionless blockchain that is designed to offer high throughput with the ability to complete thousands of transactions per second. It seeks to solve the issue of blockchain scalability and speed by employing sharding as a second-layer scaling solution. The platform is home to many decentralized applications, and as of October 2020, it also allows for staking and yield farming.

Development work officially started on Zilliqa in June 2017, and its testnet went live in March 2018. A little over a year later, in June 2019, the platform launched its mainnet.

The native utility token of Zilliqa, ZIL, is used to process transactions on the network and execute smart contracts.