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3 Unique Crypto Projects You've Got To Check Out
While influencers are all pumping their bags, I will pump my bags about some projects that are breaking the mold.
Scott Debevic
February 04, 2024
Picture by the author using Dall-e
Crypto is a breeding ground for creativity and testing new ideas with technology. The crypto market is a confounding beast independent of logic and patterns. Shitty projects take off, and seemingly novel projects die off. I compiled a list of three projects in which I'm invested to push the borders and create something unique in the digital space.
I wouldn't be surprised if one of these projects catapulted into the top 50–100 cryptos. However, I could see a narrative where they all do well.
Project 1: Cellframe ($CELL)
$Cell can be purchased on PancakeSwap and Uniswap-0x26c8afbbfe1ebaca03c2bb082e69d0476bffe099
Market Cap at time of writing: $12.7M
What is Cellframe?
Cellframe is a blockchain built from scratch that began development in 2017.
Why is Cellframe unique?
Cellframe labels itself as a combination of a Layer 0, Layer 1, and Layer 2 Blockchain that is quantum-resistant and offers more decentralized applications. Here's a technical description someone shared in Telegram:
‘ Cell differentiates itself as a blockchain by addressing the issue of scalability. Team is implementing sharding, eliminating the bandwidth bottleneck often seen in blockchain platforms, like Polkadot, used for chain-to-chain information exchange. Cellframe is built with post-quantum cryptography, preparing it for a future where quantum computing could potentially break traditional cryptographic security. This makes it one of the most secure blockchains against future technological threats. Unlike traditional dApps that may still have single points of failure, t-dApps on Cellframe are designed to be truly decentralized and resilient against various risks.’
And here's an image comparing Cellframe to other top blockchains.
Why I bought $Cell
$12.7 million seems like a low market cap for a blockchain that's been worked on for three years. We could find hundreds of cryptos with a $12.7 million market cap, no functional product/platform, and an anonymous team.
Check out Cellframe's team: https://cellframe.net/team/. According to the most recent AMA, Cellframe is going to be releasing a bridge in Q1 or Q2 (sounds most likely in Q2) will be attracting liquidity to the ecosystem. Dmitry Gerasimov said, "Previously, we were going to run a heavy marketing campaign in spring, but we changed our plan and planned a bombing start at the end of this month. The next month will be really huge."
Project 2: Magic Square ($SQR)
$SQR can be purchased on PancakeSwap on BSC- 0x2b72867c32cf673f7b02d208b26889fed353b1f8
Market Cap at time of writing: $17.1M
What is Magic Square?
Here's how Magic Square describes itself on its website:
Welcome to Magic Square, the ultimate portal to the world of Web3. Our Magic Store bridges the gap between Web2 and Web3, making it seamless, intuitive, and delightful for everyone to explore and enjoy the countless possibilities of decentralized applications, games, and experiences.
Why is Magic Square unique?
Check out the Magic Store: https://magic.store/. It's laid out in a similarly intuitive format that consumers are used to and comfortable with. It also has memberships, staking, and gamification, adding value to the SQR token.
Why I bought $SQR
Magic Square has a packed 2024 roadmap: https://docs.magic.store/roadmap/roadmap. I see adoption increasing dramatically if they can deliver on these lofty goals. Also, check out their partners and backers. This is an impressive group.
Finally, what if Magic Square is like the Apple App Store or Google Play store for crypto? Wouldn't you want to own a piece of that platform? With a $17.1M market cap, the price could go up many multiples.
Project 3: Vector Reserve ($VEC)
$VEC can be purchased on Uniswap on ETH- 0x1bb9b64927e0c5e207c9db4093b3738eef5d8447
Market Cap at time of writing: $24.2M
What is Vector Reserve?
I don't fully understand how Vector Reserve works. I'd refer you to their Medium article explanation:https://medium.com/@vectorreserve/how-vector-reserve-is-creating-the-next-step-change-in-the-lst-lrt-market-with-defis-first-72d712573445
Why is Vector Reserve Unique?
Weth can be converted to vETH at a 1 to 1 trade. Then, investors can stake their vETH into svETH, which is presently paying a 159% APR in VEC. Additionally, the svETH stakes are supposed to get EigenLayer Points. I don't know any platform paying a 159% APR on ETH.
Why I bought $VEC
A few reasons: 1) I aped in after seeing the price of VEC skyrocket after launching, 2) Staking VEC currently pays over 1% daily, and 3) A developer from v1 of OHM also wrote the code for VEC. OHM was one of the biggest projects from the last bull run. That said, this project's mechanics aren't too similar to OHM.
Key Takeaways:
I recently purchased these projects at similar pricing to what we see today. If you want to invest in something that isn't a Uniswap, Aave, or GMX fork, I'd encourage you to check these projects out. They all have pretty active Telegram channels to answer any questions.
This information should not be taken as investment advice. Digital assets like crypto and NFTs involve risk, so you should always perform due diligence before investing.
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