Top best platform coins 2022 – Platform coins
With the rapid development of Blockchains, the platform coins are also interested by many people because the development potential of these coins is very good. However, not everyone can choose good coins. In this article, Hay Mod Game will summarize for you the Top best platform coins today.
What is the platform coin?
Platform coins can be understood in many different ways, but according to the content of this article, foundation coins are the mainstay coins of an ecosystem, the coins of the blockchains currently available on the Crypto market. now on. These coins hold many roles and influence the whole ecosystem, related to projects built on the Blockchain platform. For example: Polkadot's platform coin is DOT, projects that want to rent slots on this blockchain need to use DOT coin for collateral and deposit.
Basically, the development of ecosystems helps the base coins increase in price and have the opposite interaction. Coins with reasonable and high-value tokenomics will help the whole ecosystem benefit and attract capital inflows into the system.
Top best platform coins
1. ETH platform coin (belonging to Ethereum)
Despite the growth of alternative blockchain networks, decentralized applications (dApps) are still heavily concentrated on Ethereum. The Ethereum Virtual Machine (EVM) is a key driver of this trend, with development kits and application templates serving to continuously improve the developer experience. It is not difficult to understand when the value of ETH increases in a long-term trend.
In the Ethereum ecosystem , Ether (ETH) is mainly used to calculate transaction fees. Currently, ETH is the second most powerful cryptocurrency in the market after Bitcoin. In the Altcoin world, there is still no competitor to surpass ETH. Similar to BTC, ETH can also be used to pay for all goods and services at transaction points that accept this currency.
Projects that want to develop on Ethereum also need to own and lock a certain amount of ETH. This indirectly accelerated the price of ETH in recent times when the number of projects on Ethereum grew strongly. As the Ethereum ecosystem is still a fertile ground for the platforms to build on, the price of ETH will certainly continue to increase and stabilize in the near future.
2. BNB platform coin (belonging to BNB Chain)
BNB Chain is an improved blockchain platform from the Binance Chain version, running side-by-side with the original platform. BNB Chain for good compatibility with Ethereum via EVM. Thanks to its many advantages, the number of dApps developed on this platform is very large and rapidly increasing.
BNB Chain itself does not issue tokens, but immediately uses the exchange's BNB tokens. It is for this reason that the influence of this token is growing on the BNB Chain ecosystem.
Users can use BNB to receive trading incentives on Binance, become the private coin of the Binance ecosystem or community utility token on games, dApps of Binance Smart Chain, use payment functions, buy and sell IEO tokens hosted on Binance Launchpad, contributed to Binance funds, …
Although it has fully developed many segments, BNB still has good room for sustainable growth in the future.
3. SOL platform coin (under Solana)
Solana coin (SOL) is the foundation coin of the Solana blockchain. SOL Coin plays a key role in maintaining stability, security, and economic impetus for network participants. The SOL coin is mainly used for several key functions in the Solana network. As follows:
- Pay transaction fees: All activities that incur fees in the Solana network use SOL coins to pay fees.
- Participating in Staking: With Solana, you can use SOL coin to participate in staking and receive SOL coin as a reward.
- Use in administrative activities: In the future, if there are decisions affecting the operation of the network, a vote will be required. To participate in voting you need to use SOL coin.
With its advantages as a blockchain with high performance, Solana ecosystem has been and is being completed. Therefore, the SOL platform coin will certainly be of great interest to investors in the near future.
4. AXAX platform coin (under Avalanche)
AVAX is the native token of the Avalanche platform , AVAX is tied to the operation of the Avalanche network. The good development of this ecosystem is also a good premise for the value of AVAX to grow. Partner of AVAX
The role of AVAX coin is similar to other platforms with 3 main functions: Payment, Staking, Administration
- AVAX performs the payment function by paying DeFI application platforms on the platform through fees when performing transactions on the smart contract of Ava Labs.
- Second, users can Staking with a number of available conventions to be able to exploit and develop platforms in the AVAX ecosystem.
- Third, AVAX holders can participate in the governance process with staking rewards that can change as the system evolves.
The AVAX token is one of those tokens with a limited total supply. The main network supply is 360 million tokens and the total cap is set at 720 million tokens. While the system will continuously mint new tokens as it reaches the maximum limit, fees for various operations will be forfeited. All activity deployed on the main Avalanche subnet will pay within AVAX.
5. DOT platform coin (belonging to Polkdadot)
DOT is the foundation token of the Polkadot network, performing the following main functions:
- Administration function: Investors can use this virtual currency for protocol management and repair and development.
- Staking function: DOT coin has the ability to participate in the consensus mechanism that appears on the common network platform, similar to Ethereum
- Bonus Function: The DOT coin can also become a reward for investors who are efficient and active on the platform.
- Bonding function: This is a proof of stake method. The fact is that investors can link DOT coins together by creating new Parachains (Proof of Stake — PoS).
Polkadot (DOT) is known as a project with multi-Chain, heterogeneous and scalable blockchain network technology. The platform can help connect individual blockchain chains together, thereby allowing these chains to exchange data across chains and make the most of the ecosystem's resources. To put it simply, Polkadot is like a blockchain of many blockchains. This project will make it easy for developers to build their own blockchain on the Polkadot system, similar to platforms like Ethereum or BNB Chain.
The process of auctioning Parachains is still going on, but after this process is completed, a large amount of DOT is locked, it is almost certain that the value of this platform coin will have a good growth.
6. ADA platform coin (under Cardano)
ADA is the foundation coin of the Cardano ecosystem . ADA is launching on the Cardano blockchain, which cannot be mined like Bitcoin. Instead, if you want to own it, you have to participate in staking or buy it on a cryptocurrency exchange. The ADA plays the following role:
- Trade like a currency
- Staking to participate in validation and receive rewards
- Vote on platform decisions
The development of this platform coin is tied to the original blockchain platform Cardano. The platform has a vision of developing a blockchain network that allows many developers to build dApps and create a decentralized financial (DeFi) economy on Cardano.
Although the cryptocurrency market has developed rapidly with many new projects, ADA has always proved its position when it is always in the top 10 coins with the largest market capitalization.
7. LUNA platform coin (under Terra)
LUNA is Collateral Token or Reserved Token of Terra ecosystem . The Terra protocol uses Tendermint's Proof of Stake consensus mechanism. Therefore, miners need to own the LUNA Token and stake in the system, the power of the Producers Block is based on the amount of LUNA they stake. It is conceivable that LUNA is considered as the mining power of the entire Terra network. The total supply of LUNA is fixed. They also act as price stabilizers for Terra Family.
Terra is oriented to become a diversified, highly stable digital ecosystem. In the first period of 2022, Terra received a capital flow that helped the LUNA coin as well as the Terra ecosystem to develop very well. Therefore, the development potential of this platform coin in the future is very good for investors.
8. NEAR platform coin (under Near)
The foundation coin of the NEAR ecosystem has the same name, NEAR, which is used to pay for transaction and storage fees. This coin can also be staked by holders, participating in network consensus as validators of transactions (Validators).
Similarly, the growth potential of NEAR depends heavily on the overall development of both the ecosystem as well as the Near Blockchain. NEAR is considered a platform with no less foundational power than Ethereum. This is thanks to the difference in Blockchain architecture that has made it easy for developers to access this virtual currency and apply it effectively.
9. ATOM platform coin (under Cosmos)
ATOM is the foundation coin of the Cosmos ecosystem , more precisely at Cosmos Hub. ATOM holds the function of paying transaction fees, maintaining network security, making rewards or voting for governance decisions.
Cosmos is a Blockchain Layer 0, developed under the “Internet of Blockchain” model. Cosmos was born to solve 3 main problems of Blockchain today:
- Scalability: Ethereum network gradually becomes slow due to many development projects, Cosmos offers a solution is to create Zones (other small blockchains) based on Cosmos SDK platform.
- Interoperability and interoperability: Blockchains cannot interact with each other and must create too many bridges. Cosmos creates an IBC bridge that can connect them all.
- Upgradability: Cosmos aims for good updateability when upgrading to new versions.
The huge Cosmos development team is led by Tendermint co-founders Jae Kwon, Zarko Milosevic and Ethan Buchman
10. FTM platform coin (belonging to Fantom)
FTM is the foundation coin of the Fantom ecosystem , holding the same role in governance and staking usage as other platforms. The dapps named Fantom witnessed strong growth demonstrating the growth opportunity of this ecosystem.
Fantom (FTM) is a smart contract platform with high performance, scalability and security. Fantom is designed to overcome the limitations of previous generation blockchain platforms. The platform uses a new consensus mechanism called the revolutionary Lachesis Protocol, which allows Fantom to be much faster, cheaper than older technologies but still extremely secure.
Above is a summary of Top good platform coins synthesized by Hay Mod Game , hope they will help you in your investment research process. The foundation coins will usually have a growth rate that is not too sudden, but they grow sustainably. Therefore, you need to be patient with your investment decisions, good luck!