Three-fic: Free Monday on its 3rd Week!
KuCoin Free Monday is already in its 3rd week!
The surprises are not done yet, as KuCoin released another week of 0 fee rate for five (5) specific tokens. O article series will briefly give spotlight to these underrated tokens, so if you haven’t read my first two articles, you might want to check out here.
KuCoin Free Monday is an activity intended to give 0 trading fee for KuCoin’s featured tokens per week. Luckily, KuCoin was able to include some of my small tokens, thus, I must really say that I am benefiting from it.
To show my appreciation and gratitude, here’s my personal review of the tokens being mentioned per week. Get to know these tokens with me!
- Keep Network (KEEP)
First on the list, Keep is an incentivized network for storing and encrypting private data. The name of this network speaks a lot about its purpose, mainly keeping the private data of its users. Keep Network holds a very important role in the life of a crypto investor — it solves the problem with holding back blockchain adoption: that data on public blockchains are public and it is prone to data theft.
Interested users can take advantage of the KuCoin Free Monday and have KEEP in their own wallets. I haven’t really had the chance to experience these myself but I am more than interested in studying this token.
What caught my attention is its off-chain containers for private data or commonly known as “keeps”. The keeps make sure that the smart contracts are being given properly with deep interactivity and private data without compromising the transparency or auditability of the file.
2. Cartesi (CTSI)
Since I have already mentioned smart contracts above, and to level up its ability, Cartesi was presented to the public as the resolution for the problem of scalability and high fees on blockchains.
I might not be so familiar with this network, but KuCoin Free Monday could be the sign for me to research more about its purpose and mission in the crypto industry. . Upon reading their whitepaper, Cartesi is implementing a variant of optimistic roll-ups as a solution to the urgent dilemma in high fees and scalability.
Cartesi is revolutionizing smart contract programming by allowing developers to code with mainstream software stacks which is a very smart way to get the interest of their users. This network allows their developers to code their smart contracts and DApps directly with mainstream software components and Linux OS resources.
You might find this crucial and complex after your first read, but basically, Cartesi is offering an opportunity to have an extensive adoption for the developers to freely express their own simple to rather complex smart contracts.
3. Band Protocol (BAND)
Moving forward, among all the tokens on this batch, BAND could be the most complex project for the newcomers. It is a token used as a collateral by validators involved in fulfilling data requests.
It also stands as the main medium of exchange on BandChain, specifically being used to pay for private data. With that, what makes Brand Protocol more interesting from the others?
According to their whitepaper, Band Protocol is designed to offer permissionless oracle creation, allowing anybody to start servicing data requests. Not only that, after checking several reviews, Band Protocol is indeed designed to be faster and more efficient than competing oracle solutions.
The positive feedback made me more curious about their network, now I wonder what would be the following steps of this network after getting included on Free Monday.
4. MyNeighborAlice (ALICE)
You don’t need to be in wonderland to know this promising token, perhaps, a wise mind and enough equipment will do! My Neighbor Alice is a multiplayer builder game, where anyone can buy their own virtual islands, collect and build exciting items and meet new friends.
I used to play this before with my friends, but just for mere fun and hanging out. Now, there is more to know about this cool token. ALICE can be used to purchase assets and special skills in its marketplace. To be honest, this game is addictive and I can’t blame the players who stay up all night to earn more ALICE. The token is a slash card to participate in the governance process through DAO.
Here’s something that might hype your interest in this token, the network gives ALICE tokens just by completing tasks and winning games!
5. FTX Token (FTT)
Last but definitely not the least, FTT — a token of full potential. I intentionally put this as the last token because I personally own some FTT, holding them for years now. FTX is a crypto derivatives trading platform that was launched in 2019, and offers. XRP, BNB, TRX, BTC, ETH, EOS, USDT and LEO leveraged tokens.
What are the reasons behind my purchase?
First, the team behind this network is composed of the leading crypto traders in the world. FTX claims that it stands out due to such features as clawback prevention, a centralized collateral pool and universal stablecoin settlement, which I was able to prove.
Second, it allows traders like me to put leveraged positions without the need to trade on margin. This is a very considerate move from this platform. To wrap things up, I explored different trading platforms and FTX happened to be one of my favorites.
I hope I was able to at least give the gist of these tokens. Once again, the information written here is mostly based on my experience, with the touch of personal research. But I would highly suggest reading each token’s whitepaper to better know its purpose in the crypto industry.
Lastly, the 0 trading fee activity for these tokens are until October 3, 2021 only. This might be the perfect opportunity to have your hands laid on these promising projects. I was able to participate in the first two and I’m still considering this one.
Take note that during the activity period, users will be able to enjoy 0 trading fee when you trade KEEP, CTSI, BAND, ALICE AND FTT under Spot, Futures and Trading bot on KuCoin.
Read here for more detailed instructions.