Published
1 year ago on
June 07, 2022
Long-term investment in cryptocurrencies can often yield very high returns and there have been cases of investors in the past who have become millionaires after an early investment in coins with high potential. However, to reap big rewards, you will need to ensure that your crypto portfolio contains tokens with diverse use cases.
It helps in reducing risks and provides a well-balanced portfolio. We have selected three cryptocurrency tokens that have diverse utilities and could potentially provide huge returns in the future. We have shortlisted CashFi (CFI), Tezos (XTZ), and Uniswap (UNI) as all three coins have great utilities.
These coins could provide an ideal investment opportunity considering the market trends and their set of features.
CashFi Will Provide Liquid Staking, NFT, and Synthetic Asset Services
The CFI Token is a new upcoming cryptocurrency that will power the CashFi ecosystem. It will include a liquid staking service, an NFT marketplace mechanism, and a platform for trading synthetic assets.
The CashFi platform will include liquidity provider service for decentralised exchanges and will also help users in easy lending and borrowing operations.
At present, the current staking system through centralised exchanges offers lower yields and the funds are locked in while being staked. The CashFi site will allow users to stake via its intermediary system through an ERC-20 token representation system. Users will be able to access their assets and use them for DeFi needs.
The NFT marketplace mechanism being built by CashFi will allow artists and other digital creators to mint NFTs on multiple networks. It will also allow users to establish their marketplaces and ensure greater control over their assets.
In addition, the synthetic assets market being developed by CashFi will focus on commodities trading. Users will be able to create artificial or synthetic versions of different commodity assets and trade them easily through the CFI site. CFI Synths will help users to trade a wide variety of commodity debt assets with high liquidity since the platform will be interoperable.
The CFI Token will be used to pay for transactions inside the network. It will also be used to pay for fees while trading CFI NFTs. Holding the CFI Token will also help users in getting access to governance powers since the entire platform is DAO governed. Users will also be able to earn attractive staking rewards if they hold the CFI Token. Given its multiple utilities, the CFI token could potentially provide huge returns in the future and should be considered as part of a well-balanced crypto portfolio. It will be available via a presale for purchase shortly.
NFT platform built on Tezos selected by Ubisoft entrepreneur program
The Ubisoft Entrepreneur Lab program has selected an NFT platform known as Versum for its seventh season. Versum utilises the Tezos blockchain and allows users to mint NFTs easily. It will provide a huge boost for the NFT ecosystems being developed on the Tezos ecosystem. Tezos has a vibrant NFT marketplace model where many digital creators have minted thousands of NFTs. Tezos is a proof of stake blockchain network that is self-upgradable and does not require frequent forking. It is highly modular and can be upgraded as required.
The XTZ Token is used as the primary cryptocurrency of the network and is a potentially great asset for a long-term investment. Given the current developmental climate at the said blockchain network, Tezos (XTZ) could be a great investment that would bloom widely in the coming months.
