There are several new crypto assets that have the potential to experience glory in 2022. What are you? Here is the review.
HoneyFarm Finance (HONEY)
HoneyFarm Finance is the first new crypto coin to appear on this list. This is a layered yield farming project on Binance Smart Chain, which is able to give investors more options to diversify their investment strategy with unique tokenomics.
The HONEY as the original Layer 1 token has stopped issuing at the end of block 10033450. Then, the Layer 2 token, BEAR, started its issuance in block 10023280 and now HONEY will be used for farming BEAR.
While this layered system can be a bit confusing at first, HoneyFarm Finance is actually quite a simple premise and has helped the platform to test different approaches to token delivery and at the same time fend off potential bot problems that arise at layer 1.
ApeCoin
Another new coin this year is ApeCoin, the native crypto of the Bored Ape Yacht Club (BAYC)—one of the most popular NFT projects today. As for the ERC-20 token that operates on the Ethereum blockchain, this token is secured by the Ethereum Proof-of-Work (POW) consensus mechanism.
For information, this token is used as a utility and governance token in the APE ecosystem which is managed by token holders through a decentralized governance framework, namely ApeCoin DAO.
The purpose of creating ApeCoin DAO is to build and maintain the APE ecosystem fairly. In addition, this token also provides infrastructure for ApeCoin holders to conduct open and permission less cooperation in the governance process.
Baby Dogecoin
After Elon Musk endorsed Dogecoin, the meme coin hype has led to the launch of a number of crypto meme projects. In this case, the Shiba Inu rode Dogecoin rally coattails and staged his own massive rally of over 1,000% last October 2021. That also makes it one of the best meme coins to buy.
For your information, Baby Dogecoin was developed to function more than just a meme coin. In fact, the developer is touting this coin as having utility.
Decentraland
Decentraland is a very familiar thing in the ears of crypto gamers. This is one of the biggest NFT games that can make its players receive prizes.
Here, players can trade land for profit while also being able to increase their property. In this regard, by adding assets to their land, players can increase their value and turn the game into a play-to-earn platform, not just an entertainment outlet. Importantly, players must have MANA, game tokens, to play and earn.
Lucky Block
Lucky Block is arguably unique in that it offers potential rewards to investors and players alike. Players wishing to receive prizes from here can enter the weekly raffle, which is conducted via the Platinum Rollers NFT Club by purchasing up to 5 tickets, each costing $1.
Later, the platform will announce weekly winners and award $50,000 in the form of the platform’s native token, LBLOCK. In addition, players can participate in the weekly NFT draw which is held on Fridays. Uniquely, players are not charged a transaction fee to buy tickets.
Meanwhile, investors have the potential to earn by holding LBLOCK. The coin began trading in January 2022 and experienced a massive increase in February 2022.
The increase even reached 1.100% in just two weeks. This also seems likely to happen again, especially after Lucky Block stated that they are working to expand the coin’s exposure.
Battle Infinity
Battle Infinity is an NFT based fantasy sports game. Here, players can make money when playing this game. The original token was named IBAT.
The best part about this game is that the players have access to various platforms, each of which will provide prizes and entertainment. For information, the main competition is in the Premier League IBAT, but players need NFT bait to enter leagues and matches.
In this case, players can use the Battle Marketplace to acquire characters and NFT token assets. Well, to buy NFT and IBAT, players must access the platform’s decentralized exchange, Battle Swap. Players can use the exchange to sell their prizes for other assets.