Avalanche (AVAX), Axie Infinity (AXS), and HypaSwap (HYPA): Three Crypto Tokens to Watch This Crypto Winter
Avalanche (AVAX), Axie Infinity (AXS), and HypaSwap (HYPA): Three Crypto Tokens to Watch This Crypto Winter. This is a sponsored advertising post. Nothing in this content should be construed as advice, it is meant for informational purposes only.
Crypto tokens allow investors to participate in the cryptocurrency ecosystem as they make purchases, giving liquidity to crypto projects. As the crypto winter is in full gear, it is important for investors to take proper care of their portfolios and their capital. Investors should avoid deploying capital recklessly as the market’s volatility could affect their project.
The important thing to remember during the crypto winter is to ensure that you conduct adequate research before allocating capital to any projects. Why? Because this is the only way, you can guarantee any token purchased will have the right factors for success. When researching, check the tokenomics, use cases, and fundamentals to gauge the token’s prospects. The research will help you better understand the project and its token.
Three crypto tokens investors should watch this crypto winter are Avalanche (AVAX), Axie Infinity (AXS), and HypaSwap (HYPA). These three projects have shown resilient price action and fundamentals. Additionally, users love the projects because they provide the utility with their use cases. For a more balanced view of these crypto projects, here is a brief review of each.
Avalanche (AVAX) is a low-fee, environmentally friendly, and fast blockchain designed to deploy smart contracts. The project is the fastest smart contracts blockchain and the best platform for deploying smart contracts and dApps. Its speed helps developers to create better projects that outperform the competition. Furthermore, the Avalanche mainnet launched in September of 2020 and currently has more than 450 crypto projects on its blockchain.
AVAX is the utility token of the Avalanche network, and it performs various functions within the ecosystem. Some of the uses of the AVAX token include staking, securing the network, paying fees, and connecting multiple subnets within the blockchain. The Avalanche token supply is hard capped, and the supply is strictly controlled. The blockchain creates an ecosystem where developers can create fast, cheap, and seamless smart contract projects.
Axie Infinity (AXS) is a crypto game built on the Ethereum (ETH) blockchain. It is designed in the same manner as the popular Pokemon card games. Sky Mavis development studio launched Axie Infinity in 2018. Players trade and battle Axies to win points and SLP (smooth love potion), which would help them to upgrade their axies or buy stronger ones. Additionally, players can breed, swap, and sell Axies in-game. The game uses a play-to-earn model to reward players for participation. Furthermore, Axie Infinity has over 500 Axie traits available for players to use in the game.
AXS is the game’s governance token and is also known as Axie Infinity Shards. This token allows its holders to perform governance activities in the game. These governance activities include voting on and proposing changes to the game. In addition, AXS holders decide how the funds in its treasury is spent and how the funds are used to better the Axie Infinity game.
HypaSwap (HYPA) is a DEX protocol that allows users to lend and borrow crypto assets. The HypaSwap protocol is built on the Ethereum (ETH) blockchain and the HYPA token uses the ERC-20 token standards. Furthermore, the project uses its unique methods to facilitate collateralization, security, and liquidity pools on its protocol. HypaSwap uses the HYPA token for various functions on the protocol. Some of the functions of the HYPA token include interest rates, staking, and receiving rewards. Users can earn the HYPA token on the protocol or purchase them from exchanges.
Liquidity providers on the HypaSwap protocol receive fTokens when they deposit tokens into the liquidity pools. These serve as receipts that users can use to claim their deposits plus interests. For example, if a user deposits 10 ETH tokens, they will receive 10 fTokens in return. Purchase tokens in the ongoing pre-sale to earn bonuses and rewards. When you purchase HYPA tokens with ETH, BNB, or USDT (TRC-20) you receive an 11%, a 20%, and a 15% bonus respectively. Additionally, you receive $50 bonuses in tokens when you refer a friend that purchases $200 worth of HYPA tokens.