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April 5, 2024

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Hey Cryptologists! 

This week's Token Roundup is packed with interesting token use cases and a variety of promising platforms.

Don't miss the honorable mention section at the end of the roundup to make sure you're up to date on the assets available.

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1.Automata ($ATA) - ATA/USDT

Topping this week's Token Roundup is Automata, a privacy-first, cross-chain infrastructure for decentralized applications (DApps) that offers non-intrusive integrations.

The network enables developers to build mobile and web applications in a decentralized environment. The network's native utility token, ATA, allows holders to create and vote on proposals, platform features, and network parameters. Miners earn ATA tokens by running applications and processing transactions on the network. Storage and computation miners, in particular, can earn mining rewards.

ATA benefits a wide range of holders, from developers to everyday users like you. Whether you participate in governance or build a new application, the token will come in handy. 

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2.Polytrade ($TRADE) - TRADE/USDT

The runner-up on this week's list is Polytrade, a blockchain-based trade finance protocol. It aims to bring insured real-world assets (RWAs) into the crypto space by leveraging blockchain technology and launching an RWA marketplace.

TRADE, the platform's utility token, is used for payments and rewards, and its holders can participate in the platform’s governance. The token is also used to enable transactions and investments on the marketplace. Additionally, users who utilize TRADE for fees and features can enjoy significant discounts and access to features.

If you are interested in exploring DeFi further, TRADE is a great choice as Polytrade is on the brink of launching its RWA marketplace. The beta version is already out!

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3.Sperax ($SPA) - SPA/USDT

Taking the bronze spot is Sperax, an innovative blockchain platform designed to offer a secure, scalable, and decentralized infrastructure for the future of finance.

Sperax utilizes a unique combination of two consensus algorithms: Byzantine Fault Tolerance (BFT) and Delegated Proof of Stake (DPoS). SPA, the ecosystem’s native token, allows holders to participate in the governance of the Sperax ecosystem through the Sperax DAO. The token has a deflationary design, with a burn mechanism that gradually reduces its supply, potentially increasing its value.

Note that SPA is not a typical governance token and can now be used to mint USDs, the first auto-yield stablecoin of the Sperax network, further expanding its utility.

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4.Push Protocol ($PUSH) - PUSH/USDT

Securing the fourth place in our weekly roundup is a decentralized communication network designed to facilitate cross-chain notifications and messaging for various digital services and wallets, Push Protocol.

Formerly known as the Ethereum Push Notification Service (EPNS), Push Protocol is built on the Proof-of-Stake (PoS) consensus mechanism, with the PUSH token at its core. In addition to securing the network, PUSH is used to pay for sending messages across the network, and token holders also receive fees generated within the protocol.

If you are in the mood to try out a decentralized communication layer for Web3 or are looking to invest in a token with a unique utility, PUSH might be the one for you.

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5.Blockchain Brawlers ($BRWL) - BRWL/USDT

Rounding out our list at number five is Blockchain Brawlers, a play-to-earn game developed by Tyranno Studios. It combines strategy and action in a player-versus-player format. Players can purchase a Brawler, equip it with gear, and enter the ring.

Brawlers are NFTs on the WAX blockchain and are at the center of the game, where their rarity determines the outcome of the fight. Other non-fungible tokens include Ring NFTs, which are required to start the game, Gear, and Gold NFTs, which can be earned by winning.

BRWL tokens can be won by succeeding in matches and are used to trade in-game assets.

It's currently one of the most popular games on the WAX blockchain, which means it's perfect for your first GameFi experience, where you won't lose your in-game assets if the game is suspended.

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Honorable Mentions

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Tom F.

Tom is one of the content managers here at Cryptology. While still fresh in his career he has been able to firmly place himself within the world of crypto and content creation, producing work for a number of publications including esports.net and The Times of Malta newspaper.