Introduction
With the year 2022 coming to an end, CoinDCX has come up with an exciting week full of surprises! Starting from December 9, 2022, to December 15, 2022, we will be listing 3 new tokens every day! A total of 21 tokens will be going live on your beloved CoinDCX App starting this week!
Here are the 3 tokens we are listing today!
| Token Name | Nano | HighStreet | Decred |
| Launch Date | 2015 | 2021 | 2016 |
| Founder | Collin LeMahieu | Travis Wu and Jenny Guo |
Alex Yocom-Piatt
|
| Blockchain Protocol | Nano Blockchain | Ethereum Blockchain | Decred Blockchain |
| Native Token | XNO | HIGH | DCR |
| Market Cap | $102,001,132 | $15,256,338 | $312,789,029 |
| Token Type | Native Token | ERC-20 token | DAO Token |
| Circulating Supply | 133.24 million XNO |
12,302,500 HIGH
|
14,559,091.29 DCR |
| Max Supply | 133.24 million | 100,000,000 | 21,000,000 |
| Consensus Method | Open Representative Voting(ORV) | Proof-of-Stake | Hybrid of PoW and PoS |
Nano
The Nano crypto is a light-weighted crypto that facilitates secure and instant payments with practically ‘zero’ fees. The project was initially designed as Raiblocks with its native token XRB. The native token was distributed as a reward after completing a captcha challenge. Fast forward to a year since its inception, RaiBlocks was rebranded to Nano in 2018 with enhanced speed and as a peer-to-peer platform that makes use of lattice data structure in order to enable easy transfer of value.
Unlike the other chain, Nano uses a consensus mechanism known as Open Representative Voting (ORV), where-in account holders vote for their representatives who will be validating the blocks and confirm the transactions securely. Further, in 2021, the chain adopted the standards of the International Organization for Standardization (ISO) requirements and adopted a new ticker symbol for the token, XNO.
Unique Features of Nano:
- Nano makes instant transactions possible with transactions reaching the receiver in less than a second.
- Transactions are feeless.
- Built on top of a highly reliable ledger technology; Directed Acyclic Graph (DAG).
Read more on: What is Nano crypto token used for?
HighStreet
Highstreet, previously known as LumiereVR is a native token of a decentralized commerce-centric play-to-earn metaverse built with the help of virtual reality (VR). It brings to the table a two-way currency flow within the physical and the virtual worlds. Apart from that, Highstreet (HIGH) also introduces the crypto space with a market where in-game items can also be redeemed for real-life products.
The Highstreet metaverse is built on an MMORPG game where traditional and crypto companies can utilize Highstreet’s merchant gateway and get access to a Shopify-like gaming experience for brands. It is easy-to-use as the user interface is very user-friendly; being built on the Metaplex protocol which lets the companies simply set up their brands on both Web3 and Highstreet World.
Unique Features of HIGH Token:
- All the in-game items on the MMORPG game are ERC721 Non-Fungible Tokens.
- Highstreet has a dual token model. Two of the tokens are HIGH and STREET.
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Users of Highstreet can acquire their own “homes” in different locations around Highstreet World through Initial Home Offerings (IHO).
Decred
Decred (DCR) is building a community-directed digital currency wherein security, adaptability, and sustainability are key tenets. It aims to build the world’s first truly decentralized autonomous organization. Combining highly tested Proof-of-Work consensus with a clever take on Proof-of-Stake consensus, Decred has made it possible to place the DCR coin holders in charge of shaping the future. This innovative way has made Decred capable to adapt to challenges and be innovate at a rapid pace.
Unique Features of Decred:
- It is an innovative network as Decred bets on the decentralized nature of blockchain technology to negate monopoly over voting status in the project itself.
- A Decred user needs to have purchased tickets in order to participate in the platform’s on-chain and off-chain voting.
- To ensure voting rights, the Decred network uses a hybrid model of the PoW consensus and the PoS consensus.
Read more: What is Decred crypto token used for?
Conclusion
Get ready to participate in our CoinDCX Listing Festival Contest from IST 12:00 PM on 9th December 2022 to IST 11.59 PM on 15th December 2022.
Follow our official Twitter & Instagram channels closely to find and participate in our activities, every day, and win the rewards by simply following the rules of the Contest – Like, Retweet, Comment using #CoinDCXListingFestival and tag two friends on the Contest posts mentioned on our page.
50 Winners will stand a chance to win token rewards worth INR 700 each!
For more details, click here.
