With adequate research, analysis and luck, there are ways to increase your wealth through cryptocurrencies. In order to enhance the maximum trading experience for our users, Unocoin listed these five crypto assets in the month of October, they are NEAR, ATOM, COTI, RSR and REEF.
Unocoin offers NEAR and other popular cryptocurrencies including Ethereum, Ripple, Litecoin, USDT and USDC at the best prices and lowest spreads.
What is NEAR coin?
NEAR coin is an ERC-20 utility token native to the NEAR protocol. The token has a limited supply of 1 billion, with 600 million now in circulation. NEAR’s all-time high was reached in January 2021 at $17.60. The token is primarily used to vote on proposals, pay for transactions, and reward bets. As such, validators will be paid NEAR tokens for their service, as will developers who create smart contracts on chains.
What is ATOM (Cosmos)
Atom (ATOM) (not to be confused with the abandoned Atomic Coin (ATOM) project) is the main cryptocurrency existing on top of the Cosmos platform. It is designed to facilitate communication, scaling and interoperation between independent chains. Dubbed the “internet of blockchains,” Cosmos aims to bring together different blockchains within a single platform and solve several key issues that have plagued the technology since its inception:
Projects launched on the Cosmos Network should allow their tokens to be exchanged without fuss. The network is organized as a modular solution built for use with application-specific blockchains of various types. These chains are supposed to be easier to develop, combined with the ability to transfer values from one to another without violating their mutual sovereignty.
In addition, Cosmos is being marketed as a toolkit of sorts, with modular and adaptable tools available to developers who feel ready to start working on decentralizing the Internet and related financial infrastructure.
What is RSR?
The Reserve team uses blockchain technology to process dollar payments, digitally without any intermediaries. Their mission is to develop financial tools so that people in affected regions can gain immediate access to dollars and maintain their standard of living.
RSR uses collateral-based stablecoins such as True USD (TUSD) which are backed by cash and allowing them to cover the value of their RSV stablecoins. A user in the affected country can immediately access dollars and withdraw them to their bank account using the Reserve app.
In the future, RSR plans to expand beyond Latin America and focus primarily on underdeveloped regions that do not have access to stable currencies. This is coupled with the mainnet launch where the Reserve protocol will be fully launched on the Ethereum mainnet and the mobile app will expand to other global regions.
What is Reef Crypto Currency?
In general, Reef Finance strives to filter the best opportunities in DeFi so that investors and traders can get the most out of their trading ventures and other DeFi services. The blockchain and decentralized finance market is becoming oversaturated with tokens, cryptocurrencies, and investment opportunities, making it increasingly important to simplify these opportunities. Reef Finance does this by aggregating new opportunities within a single ecosystem. REEF is an auxiliary token of the Reef protocol and serves as the main payment method and official store of value in the Reef ecosystem.
What is COTI?
COTI, or Currency of the Internet, is another crypto ecosystem that aims to build a decentralized and scalable payment network to facilitate efficient global trade.
Combining distributed ledger technologies with traditional payment solutions, COTI aims to create a next-generation decentralized payment solution that is trust-based, instant and cost-effective. COTI differentiates itself from other payment solutions by providing a comprehensive solution that consists of an innovative trust mechanism, a decentralized mediation system, a multi-currency wallet and a native exchange. The COTI ecosystem is powered by the COTI coin, a native digital currency.
HOW TO BUY ALL THE ABOVE COINS?
- Use this three-step process to buy your first COTI with Unocoin’s crypto and bitcoin exchange app.Get registered on Unocoin: Enter a valid email address and username on the registration page. Once the email ID is verified, set a strong password to secure your account.
- Account verification: Inorder to buy cryptocurrencies on the Unocoin platform, you need to complete your KYC. All you have to do is upload your documents and your account will be set up in some time.
- Buy, Sell and Trade Cryptocurrency: After verifying your account, you can deposit any amount of fiat currency you like and start your crypto journey!
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Disclaimer: Crypto products are unregulated as of this date in India. They could be highly volatile. At Unocoin, we understand that there is a need to protect consumer interests as this form of trading and investment has risks that consumers may not be aware of. To ensure that consumers who deal in crypto products are not misled, they are advised to DYOR (Do Your Own Research).