Felixphere (FELIX), Elrond (EGLD), and FTX (FTT)
Buoyed by the popularity of cryptocurrencies and blockchain technology, decentralized finance (DeFi) is disrupting the banking and financial services industry worldwide. It eliminates the role of intermediaries like banks and brokers and makes investment in blockchain assets affordable and promotes financial inclusion by enabling a wider audience to participate in the investment mechanism.
Moreover, DeFi protocols pave the way for seamless transfer of data and assets while mitigating regulatory barriers to such services. As cryptocurrency exchange platforms evolve with the popularity of DeFi, investors are getting to choose from a variety of products and services that help them take advantage of the potential of blockchain technology. For rookie investors who are looking for long-term cryptocurrency investments, it is a good idea to start with top performers like Felixphere (FELIX), Elrond (EGLD), and FTX (FTT). Here’s a look at their important features:
Felixphere: The more games you play, the more the rewards
The decentralized platform is a peer-to-peer play-to-earn platform wherein users stand to win cryptocurrencies by participating in a wide range of games. These games are easy-to-play and include popular favorites like rock/paper/scissors, dots, and boxes and roll the dice.
Moreover, the platform has its own native token, FELIX, that can be used for various transactional purposes like earning rewards, staking, contributing to the airdrop pool, and other obligations. Interested buyers can purchase it from presale. Although, the platform plans to introduce a vesting period of two months for tokens bought on presale.
The Felixphere platform is based on the Binance Smart Chain and its governance is built on the decentralized autonomous organization pattern. The latter feature ensures that Felixphere’s governance is community-driven which is why token holders get to vote on essential proposals concerning its operation and future projects.
A unique factor about the platform is its two-layer referral program, wherein each user needs to create a special referral ID by playing at least three games. In case, another player uses the referral ID to register on the platform, they will be listed under the original player’s name. Next, for every game the referred player plays and wins, the original member will receive 2% and 10% of their rewards respectively. These rewards will be credited to their wallet.
Given its policy of incentivized participation, the platform contributes to the prize pool of every game. When a game starts and all players have contributed to the prize pool, Felixphere makes the contribution of an additional 10% of the total number of tokens in the prize pot.
Elrond: A developer-friendly tool to build enterprise use cases
Known as the ‘Internet of Blockchain’, Elrond is a highly agile and secure platform for building dApps and enterprise-grade use cases for driving business impact. The network has its own native coin EGLD that can be leveraged for various transactional purposes like staking, yield farming, and earning rewards. As the platform follows a community-driven approach, EGLD Token holders also get to vote on important proposals concerning operational issues of the network and any future. With features like a versatile abstract layer and a WASM EVM engine, the platform has a developer-friendly infrastructure wherein they get to add niche functionalities and initiate fast deployment.
FTX: Where blockchain meets derivatives trading
FTX is a highly scalable platform for trading cryptocurrency derivatives at affordable rates. Its native token, FTT, is used for staking and other transactional purposes. Its key offerings include leveraged tokens, spot markets, and futures. Interestingly, it donates a certain portion of the transaction fee collected on the platform to several charities worldwide. Moreover, users get to take advantage of a unique staking program that offers incentives like free withdrawals, referral benefits, higher airdrop rewards, and much more.