There are some upcoming trading tokens that have caught the eye of some keen crypto enthusiasts over the past few weeks which have the potential to be big. Throughout this article, we are going to go through a few upcoming trading tokens including, Elastos, Ravencoin and DeepBrain Chain.
Elastos is one of the initial operating systems which will be utilising blockchain technology to verify the identities of users, machines and applications. The operating system will be running on the Raspberry Pi operating system, on Internet of Things and on mobile devices.
There are three different repositories for the separate segments which are Elastos.OS, Elastos.RT and Elastos.NET. The use of blockchain will remove the stretched out schedules carried out by intermediaries and make the internet ecosystem much more automated and secure.
The blockchain network of Elastos is designed to support the main chain with each dApp getting the green light of its own sidechain. Based in China, the team has been working with both Bitmain and NEO in forming the “G3 of China.”
The firm has currently raised over $90 million in its funding rounds with the project being designed to give users complete ownership and control of their digital assets which brings in direct competition to giants such as Ethereum and EOS.
The aim of Ravencoin is laid out very clearly - designing and transferring digital assets on a blockchain platform. The project came from the open-source fork of the original Bitcoin code with a specialised use case. As reported by The Fintech Times, “Its x16r algorithm is being crafted specifically to combat top-heavy mining pools and ASIC mining equipment. Ravencoin didn’t hold an initial coin offering (ICO) and doesn’t keep any RVN in a founders’ pool.”
The team is based in the United States with users and businesses are allowed to create their own tokens at the expense of some of their Ravencoin tokens. Ravencoin has also built active communication layers above their token-based system allow the participants of the transaction to get involved and communicate securely privately.
Deep Brain Chain (DBC)
DBC is attempting to build a blockchain based neural network training platform to connect computers around the world. There will be a token running on this platform known as DeepbrainCoin and will be utilising the smart contracts of the NEO platform.
This project is set to help improve the functionalities of the smart contract with the help of a decentralised AI driven network.