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March 2023: The Top 3 Polygon Ecosystem Tokens Under $45 Million in Market Cap to Monitor - NullTX


polygon
Polygon (MATIC)

With several projects being built on the network, Polygon is a layer-two (L2) blockchain for Ethereum that makes use of various scaling mechanisms to increase the scalability of the Ethereum mainnet. Polygon Ecosystem Tokens has a total market capitalization of $30,832,533,735 and a total trading volume of $5,183,888,870 in the last 24 hours. 

Note: This List is sorted by their market capitalization from lowest to highest.

DXdao (DXD)

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  • Price Unit: $637.75
  • Market Cap: $31,497,237
  • Distinct Features: Decentralizing DeFi and creating resilient financial services for the entire world are the goals of DXdao.

DXdao promotes itself as a collaborative that creates and manages decentralized goods and services. Because of the reputation-based governance model used by DXdao, voting rights cannot be sold or transferred.

The DXdao ecosystem is powered by the ERC20 token DXD, which also has a stake in any sales made using DXdao goods. DXdao controls its products through ENS and manages the treasury through binding, on-chain votes. This minimizes its reliance on third parties. DeFi products are created, governed, and expanded by DXdao, a decentralized autonomous organization (DAO).

  • Swapr

A governance-enabled

automated-market maker with adjustable fees.

  • Carrot

Users are given permissionless access by Carrot to build community-driven programmable incentives that reward them when predetermined criteria are satisfied.

  • Omen

Built on the Gnosis conditional token system, a completely decentralized prediction market platform. And many others.

Exchange: DXD is currently trading live on CoinEx, Bancor Network, and Swapr.

Bytom (BTM)

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  • Price Unit: $0.02061
  • Market Cap: $35,275,589
  • Distinct Features: Bytom merges multi-asset protocols, enhances the effectiveness of asset movement, and strategically places assets on the blockchain.

Bytom is an open-source value-exchange technology built on the blockchain. It intends to tokenize physical assets like bonds, warrants, stocks, and dividends. The Bytom blockchain enables users to create assets with no restrictions and have them flow freely.

Bytom is a multi-bit asset interactive protocol and through this protocol, various heterogeneous bit assets (such as native digital currency and digital assets) and atomic assets (such as warrants, equity, dividends, bonds, information, and forecast information) operating on the Bytom blockchain can be registered, exchanged, used in gambling, and subject to more intricate interactive operations based on contracts.

Bytom 2.0 totally reforms the economic model with a reduced total supply, lower inflation rate, and better node payouts as the Bytom blockchain upgrades Bytom 1.0’s PoW consensus to Bytom 2.0’s PoS consensus. In the meantime, Bytom 2.0 is working to broaden the use cases for BTM so that it can be more useful in situations involving governance, essential services, node campaigns, and other things.

Exchange: BTM is currently trading live on OKX, SuperEx, Hotcoin Global, Gate.io, and Huobi.

Alpaca Finance (ALPACA)

VIDEO:
  • Price Unit: $0.2763
  • Market Cap: $41,983,675
  • Distinct Features: Alpaca has evolved into a key component of DeFi because of its empowering feature, which helps everyone and every alpaca have access to the power of finance.

The biggest lending mechanism providing leveraged yield farming on the Binance Smart Chain is Alpaca Finance. It offers borrowers undercollateralized loans for leveraged yield farming positions, greatly enhancing their agricultural principals and consequent profits, while assisting lenders in generating safe and steady returns. 

Alpaca serves as an enabler for the whole DeFi ecosystem, amplifying the liquidity layer of integrated exchanges and enhancing their capital efficiency by bringing together LP borrowers and lenders.

Depending on their risk tolerance and expected return, Alpaca Finance offers a wide selection of solutions for our users to engage in the decentralized financial (DeFi) ecosystem.

Exchange: Binance, BingX, Bitget, Bitrue, and CoinW

Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.

Image Source: inueng/123RF // Image Effects by Colorcinch

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