Top Altcoin Moonshots for Summer 2021 (Part 1), According to Altcoin Buzz
In a recent video, the popular crypto channel Altcoin Buzz shares with their 254K subscribers the top altcoins with massive moonshot potential in a busy summer of 2021.
“June 2021 seems to be a busy month for altcoin projects, that’s because while some of them are going live with their products, others are conducting their IDOs”.
Cryption Network (CNT)
The first crypto moonshot on Altcoin Buzz’s radar is Cryption Network (CNT). Cryption Network is building user-friendly DeFi 2.0 products for normal retail investors who are intimidated by the complexities of the crypto space. With their suite of products, they aim to bring in a wave of crypto mass adoption.
According to the crypto channel, Polydex, one of the spotlight products, will launch in June.
“This will help Cryption increase crypto adoption, especially for the regular retail investors by creating a gasless, instant, cross-chain AMM DEX platform with elastic yield farming”.
Interestingly, Cryption Network will burn 50% of tokens received in fees, and 50% will be given back to the community via a staker.
Next on the list is Mozik (MOZ), a decentralized music NFT platform that aims to build a healthier and fairer music ecosystem.
“Artists benefit from Mozik’s platform because it provides incentives to them. All participants can share the rewards, with high engagement from fans and lower publishing costs”.
In the upcoming Q3 and Q4 of 2021, the platform plans to introduce 10 music producers and develop domestic community as well as introduce multiple overseas projects and conducte offline activities. In 2022, Mozik will provide MOZIK management function and the optimization of assets, content, and user community functions.
Lossless (LSS) is the first-ever DeFi hack mitigation tool. Based on set fraud identification criteria, it freezes fraudulent transactions and returns the stolen funds back to the owner’s account.
“By doing this, Lossless aims to bring safety and assurance to the blockchain. Anyone can spot and report a hack and, in the process, earn from it”.
In Q3 of 2021, the project will release Lossless hack monitoring toolkit, have Loss token governance, and launch the first version of the platform. Next in Q4, Loss will launch Lossless wrapped tokens, and support BSC and DOT as well.
Trade Race Manager (IOI)
Trade Race Manager (IOI) is a unique NFT trading game running on Polygon Network which connects gamers and traders.
“In this game, the user’s NFT car is reflecting his/her crypto portfolio. Users can participate in various paid or free races and win on the basis of cryptocurrency performance”.
According to Altcoin Buzz, Trade Race Manager successfully launched the first version of the game, called “IOI Game” which was built on the Tron Network and had a successful rating.
Formation Fi (FORM)
Last on the list is Formation Fi (FORM). Formation Fi introduces risk-adjusted portfolio construction of decentralized open financial crypto assets, using the basic principles of the Risk Parity movement.
“Through this movement or protocol, the same or better yield is produced with less risk”.
Notably, FORM’s IDO is being performed on DAOMaker. The Merit round will happen on June 7, 2021.
Disclaimer: Opinions expressed at AZCoin News are not investment advice. Investors should do their due diligence before making any high-risk investments in cryptocurrencies. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. AZCoin News does not recommend the buying or selling of any cryptocurrencies.
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