Crypto

Top Cryptocurrencies with A Great Growth Potential in 2018 – Part VI

This is a follow-up article to the list:   

There are so many altcoins on the market right now that new investors can get easily confused. Here is a detailed list of three smaller cryptocurrencies that are expected to have great developments in 2018.

Komodo

Komodo (KMD) is ranked 60th on CoinMarketCap, having a market cap of $221,287,314, being priced at $ 2.12 (at the time of this writing), and with a circulating supply of 104,253,933 KMD.

Komodo is a unique crypto platform with a strong focus on offering anonymity and privacy by ensuring zero-knowledge proofs and security through a Delayed Proof-of-Work (dPoW) protocol. The Komodo platform was created through a hard fork of Zcash, and it is the enlargement of the BitcoinDark cryptocurrency.

Komodo

Komodo is a project developed by the SuperNET blockchain. In order to provide their users with a reliable system with advanced decentralized trading and mixing functions, the team behind the project have developed a few bespoke tools.

Just like Zcash, this coin makes use of the zk-SNARK protocol which increases the cryptocurrency’s efficiency. Komodo is also the first crypto to hold a decentralized initial coin offer (dICO). The total supply is of 200 million coins out of which 100 million were pre-mined and offered in the token sale. The rest of the 100 million coins will be mined through the Proof-of-Work (POW) algorithm. The Zero Knowledge Proofs is a technology that enables transactions on the Komodo blockchain to be completely private or transparent according to the privacy necessities of each situation.

Komodo holders will be rewarded with a 5% annual percentage rate (APR) revenue. Every KMD holder will receive it, and this reward system works automatically, as there is no requirement of turning any setting on, activating modes or unlocking passwords. The 5% APR will continue to be given out until the max supply of 200M KMD is achieved. Only T-address balances will receive the APR.

The KMD token can function as a privacy coin for trading or as a utility token on the platform. The team behind Komodo began a marketing campaign on the Asian markets to increase awareness of the platform’s functionalities. KMD can be bought and traded on several major exchanges, including Binance and Bittrex.

Seeing as privacy coins are becoming more and more popular, Komodo may actually advance in rank this year.

Investment

Storm

Strom (STORM) is ranked 104rd by CoinMarketCap, having a market cap of $105,831,425 and it is currently being traded at $0.025. It has a circulating supply of 4,165,148,496 STORM out of a total supply of 10,000,000,000 STORM.

Makers

Storm Market is a blockchain-based marketplace for Storm Market contributors known as the Storm Makers (which include sellers, advertisers, companies, etc.) who want to offer the services of freelancers to execute tasks and Storm Players (the consumers, viewers, freelancers, etc.).

Player

The Storm Market, formerly known as BitMaker, now Storm Play, offers freelancers a platform through which they can get paid the real worth of effort put into completing their tasks, charging a reasonable percentage of their earnings.

Unlike other platforms such as Fiverr, Amazon, etc. that take up to 40% for executing transactions, Storm Market requires just 1% of the total income. Furthermore, this platform is independent of third-party influence which makes this much more effective than others.

Storm Market can be accessed in over 187 countries where more than 250,000 can be made on this platform each month.

The STORM token is highly efficient, and in spite of starting out as a centralized token, the development team progressively implemented smart contracts. This made the platform decentralized and Storm users from all around the world can interact with each other by simply using the token.

In exchange for completing the tasks provided by the Storm Makers, Storm Players are rewarded with bolts on the platform that can be converted into Storm Tokens, which can be later sold or traded with other cryptocurrencies. Storm Players are also rewarded in Ethereum and Bitcoin cryptocurrencies.

Considering the fact that this market for freelancers is still relatively unexploited, Storm shows great potential for future development and should capture the interest of more and more investors in the following period.

Kucoin Shares

Kucoin Shares (KCS) has the 258th position on CoinMarketCap, with a market cap of $27,756,025, and currently trading at $ 2.49.

KuCoin is a Hong Kong-based cryptocurrency exchange that currently has a trading list of 210 digital assets. KuCoin stands out form its peers because they share 50% of their total trading fee revenue with the holders of their token. KuCoin offers moderately low trading fees along with rewards for holding (or trading) its digital currency.

Even though the exchange was launched recently, at the end of 2017, KuCoin has already succeeded in growing from an unknown service to the 19th largest exchange according to trading volume.

Many crypto enthusiasts from the community are confident regarding KuCoin’s progress, pointing out that in just three months before its launch, KuCoin has managed to get over 300,000 users to register.

KuCoin Shares (KCS) is the bloodline of the KuCoin exchange platform. The coin enables  holders to make a profit from the realization of exchanges. KuCoin takes into consideration how much KCS users hold when dealing out various coins. The more KCS a user holds, the more dividents will be given to him.

Kucoin distributes 50% of trading fees to KCS holders on a daily basis; an action called the  KuCoin Bonus. In addition, the bonus is not given only in KCS tokens; they also give out the coins that were traded that day. So basically, the holder receives small amounts of 70+ coins every day, including any kind of new coins which get added along the line.

KuCoin Shares also runs a buyback and burn program. Each quarter, KuCoin purchases back its profits and burns those KuCoin Shares. This program will continue until 100 million of the 200 million coins from the total supply have been burned.

With a limited amount that is continually decreasing, Kucoin Shares will get more and more valuable as time goes by.

KuCoin

If you are looking for new cryptos to invest in, these three coins are worth following over the course of this year.