Beginner
Intermediate
Advanced

Cryptology’s Weekly Token Roundup! - 29/03/24

March 29, 2024
•
2 min

Hey Cryptologists! 

This week's Token Roundup has fewer assets than usual, but that only means you don't have to spread your attention as thin and can focus on each coin.

Don’t forget to check out the assets in the honorable mention section so you do not miss out on any promising coins.

‍

1. Loom Network ($LOOM) - LOOM/USDT

This week’s Token Roundup is led by an updated version of a well-known asset, LOOM The Loom Network is a multi-chain platform for dApp creation.

In 2021, the Loom Network introduced its new native token of the same name, LOOM. It was launched as an ERC-20 token, just like the original coin, and is used to secure Basechain, Loom Network’s mainnet. The token is also essential for dApp hosting which developers pay a flat monthly fee for.

If you are interested in accessing, interacting with, and even building dApps, the LOOM token may be the right fit for your portfolio.

Details:

‍

2. Cere Network ($CERE) - CERE/USDT

Second place goes to the Cere Network and its native token, CERE. The Cere Network combines the benefits of the Web3 and AI spheres to serve the data needs of content creators, game developers, brands, and decentralized applications (dApps).

The Polkadot-based network introduced the concept of a Decentralized Data Cloud (DDC), allowing token holders to own and manage their data with full custody. The network's native token, CERE, is used for staking, governance, and transaction fee payments. The Decentralized Data Cloud (DDC) also requires users to hold tokens to propose new clusters and pay for storage and content delivery services. 

To start using and interacting with the Cere network, CERE is a must. It's essential for real-time data validation and the voting process for adding new resources. 

Details:

‍

3. ConstitutionDAO ($PEOPLE) - PEOPLE/USDT

In third place is a coin with a unique ticker, PEOPLE. The project itself is far from boring, as it focused on organizing and purchasing an original copy of the U.S. Constitution.

A few years ago, ConstitutionDAO disbanded after failing to win the auction, but the token lives on. Initially, PEOPLE tokens were used to vote on DAO decisions regarding the Constitution. Now the token has lost its utility but can be redeemed for Ethereum.

Whether you want to feel like a part of history or see where the PEOPLE token goes next, it is definitely a unique asset that will stand out in your portfolio.

Details:

‍

4. Vite ($VITE) - VITE/USDT

The fourth position is occupied by Vite and its token of the same name. Vite is a zero-fee Layer1 blockchain that aims to improve the Web3 development experience by providing relevant tools. 

Consisting of two main parts: a dev server and a build command, Vite offers high scalability and low latency using a Directed Acyclic Graph (DAG) ledger structure. The VITE token powers the network and allows users to obtain computing power in the form of quotas through locking. The locked VITE tokens can be redeemed with no loss.

If you want to further improve and apply your development skills, and experience a true zero-fee blockchain, VITE is an asset to consider.

Details:

‍

5.PARSIQ ($PRQ) - PRQ/USDT

Last on the list, but far from last in terms of usefulness, is PARSIQ. PARSIQ is a monitoring and intelligence tools platform that allows users to monitor network activity in real-time and generate instant alerts to detect and prevent fraud.

PARSIQ also benefits developers by providing a platform to create dApps that transmit data in real-time. The network's token, PRQ, is responsible for providing access to PARSIQ products and services. PRQ holders can also stake their tokens to generate rewards.

The PRQ token is a great find for all security enthusiasts and those interested in tracking blockchain data.

Details:

‍

Honorable Mentions

Follow us on Twitter/X or subscribe to our free newsletter to be the first one to know when new tokens go live. 

‍

Risk Disclosure Statement

The information provided in this article is for educational and informational purposes only and should not be construed as financial, tax, or legal advice or recommendation. Dealing with virtual currencies involves significant risks, including the potential loss of your investment. We strongly recommend you obtain independent professional advice before making any financial decisions. The products and services offered by Cryptology may not be suitable for all users and may not be available in certain countries or jurisdictions. The promotional materials do not guarantee any specific outcomes or profits from virtual trading. Past performance is not indicative of future results. It is important to read and understand the risks, which are explained in our Risk Disclosure Statement

Katya V.

Katya is one of Cryptology’s skilled content managers and a writer with a diverse background in content creation, editing, and digital marketing. With experience in several different industries, mostly blockchain and others like deep tech, they have refined their ability to craft compelling narratives and develop SEO strategies.