Whenever a project comes up with a token sale, it is expected to be backed by a unique technology and business value proposition. A token provides utility to the purchaser, product value or cash value incentivizes new product users, and facilitates ecosystem participation. Moreover, the company gains working capital. From 2017 to 2020, the process of token sales has evolved but the benefits for token buyers and projects remain more or less the same.
In a couple of days or weeks, 3 of the top token sales are coming up, and here is why analysts at Altcoin Buzz are excited about them.
Token Sale Date: 10 December 2020
Exchanges: Bithumb Global and Uniswap
Initial Market Capitalization: 1.115 Million
PlasmaPay is a global payment and remittance platform. It offers cryptocurrency wallet and digital payments dApp (decentralized application) to its users. With these two platforms, the project provides easy fiat on/off ramp services using mobile or desktop apps. The project serves users from over 165 countries.
PlasmaPay aims to connect the unbanked and underbanked with the DeFi ecosystem. Thus, PlasmaPay is trying to support the $365B global digital assets marketplace with fiat-to-crypto services. Moreover, users can easily buy, sell, or exchange digital assets using the PlasmaPay dashboard.
Recently, launched Plasma.Finance, a DeFi dashboard. This aggregates the top DeFi protocols in one place and promises to simply and democratize the DeFi market for users. Additionally, it will act as a bridge between the centralized and decentralized financial markets.
PPAY is an ERC20 token and acts as a utility token for both PlasmaPay and PlasmaFinance. Interestingly, it is an all-in-one DeFi service token. The most important features of PPAY are that it will act as a bridge between various blockchains like Ethereum, Polkadot, BSC, and Plasma DLT. The token will enable
staking and governance.
The PlasmaPay community is pretty excited about the PPAY launch on Uniswap and Bithumb this week.
Delta Exchange is one of the fastest-growing derivatives exchanges for bitcoin and altcoins. It is competing against exchanges like BitMEX and DeriBit. With a strong focus on security, Delta Exchange offers high liquidity on bitcoin and altcoin futures. Along with that it also offers tight spreads. Its basket of innovative products includes trade futures, options, and interest rate swaps. These products come with up to 100x leverage for bitcoin and over 35 altcoins.
Interestingly, Delta Exchange is backed by big names in the industry like AAVE and Kyber Network.
DETO is an ERC20 token and acts as a utility token for the Delta Exchange. The three important utilities of DETO:
For margin trading
Settle financial products
According to the official website, the exchange does not plan to conduct a public sale of DETO. However, 10.83% of the total token supply of 500 million will be distributed in a private sale. Additionally, interested users can earn DETO by trade farming, liquidity mining, or referral mining that are to be released soon.
Token Sale Date: Undisclosed but very soon
Exchanges: Top tier exchanges
B21 is a digital asset investing company and in Q2 of 2020 announced the launch of B21 Invest. Precisely speaking, B21 Invest simplifies the purchasing and management of portfolios of cryptocurrencies like BTC, ETH, and EOS directly using a mobile phone. The most interesting aspect of B21 Invest is that it supports investment as low as $25 per transaction. For Indian users, it supports investment using local fiat currency, Unified Payments Interface (UPI), debit cards, and bank transfers.
The company is will soon launch a B21 card. The card can be used for shopping all across the globe.
B21 token is an Ethereum based ERC20 token that acts as a utility token in the B21 mobile app. Once the token is launched, the users will be able to buy B21 tokens directly on their mobile app. The B21 token holders will enjoy exclusive benefits. Utility
It is used to make transactions and pay transaction fees
B21 gives exclusive rewards to users
By holding 300 B21 in the wallet, the users can become a VIP member and enjoy low fees benefits
At present, users can buy B21 tokens on the B21 app. They can use your credit card/debit card, bank transfer, and other local payment methods to buy B21. According to the official AMA, B21 will very soon be listed on top tier exchanges. In addition to that, users can earn B21 as a sign-up reward, welcome bonus, and refer and earn.
With bitcoin trading sideways, it is a good time to pick up some hidden gems from the market especially the ones that hold 100x potential.