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token-takeaway

Stacks: Bringing Smart Contracts to Bitcoin

Stacks: Bringing Smart Contracts to Bitcoin

Token Takeaway: STX Token Due to an abrupt growth in the popularity of Bitcoin smart contracts, the value of Stacks' native token, STX, has surged approximately 300% from the start of 2023. One key factor contributing to this demand is the rise in popularity of Bitcoin NFTs, also known

VeChain: Streamlining Real-World Supply Chains

VeChain: Streamlining Real-World Supply Chains

Token Takeaway: VET Token; VeChain is a blockchain platform that aims to improve the efficiency of supply chain management and enterprise operations. With its institutional partnerships, VeChain has demonstrated its potential to be used in various industries while promoting sustainability and social responsibility. It employs a controversial dual-token system to

Filecoin: A Web3 Alternative to Centralised Cloud Storage Providers

Filecoin: A Web3 Alternative to Centralised Cloud Storage Providers

Token Takeaway: FIL Token; Filecoin is a decentralised cloud storage platform that operates on an incentive-based economic model, enabling individuals to lease out their digital storage space. Clients can securely store their data in a universal, distributed network for a fee. Filecoin’s native token, FIL, has had a great

Lido: A Liquid Staking Solution for Staked, Illiquid Tokens

Lido: A Liquid Staking Solution for Staked, Illiquid Tokens

Token Takeaway: LDO Token; Lido, a decentralised liquid staking platform for Proof-of-Stake (PoS) chains like Ethereum and Solana, has made headlines since the start of this year. Its native token has shot up around 200%, and the platform TVL has increased by approximately 50%. Its frictionless staking services with additional

Fantom: A High-Performance Smart-Contract Blockchain Platform

Fantom: A High-Performance Smart-Contract Blockchain Platform

Token Takeaway: FTM Token; Fantom is a decentralised, open source blockchain platform for dApps and digital assets, offering high performance at a low cost. However, with Fantom targeting one of the most competitive crypto sectors, it has underperformed its competitors and recently seen a sharp decline in its TVL. Nevertheless,

Polygon: More Than Just a Scaling Solution

Polygon: More Than Just a Scaling Solution

Token Takeaway: MATIC Token; As the leading smart contract blockchain, Ethereum struggles with scalability and high costs, which will only become more pronounced with growing crypto adoption. This is a problem that Layer-2 scaling solutions like Polygon were created to fix. Polygon offers a range of EVM-compatible scaling solutions and

OKX: A Crypto Exchange with Over $6.4bn in Reserves

OKX: A Crypto Exchange with Over $6.4bn in Reserves

Token Takeaway: OKB Token; The collapse of FTX has developed much uncertainty and security concerns in the crypto industry, particularly among exchanges. However, some exchanges offer high levels of security and transparency for their customers, and OKX is one of them. With over 20 million registered users, OKX is renowned