Altcoin Buying Guide

Choose The Altcoin You Want To Buy

BNB (BNB)

The BNB coin is the native currency of the Binance Exchange ecosystem. Launched in 2017 it is one of the few new tokens to gain significant traction in the cryptoverse. Early in 2019 Binance announced the launch of their own proprietary blockchain and the inception of a new version of their coin, the BEP2 BNB coin. As such an effort is currently underway to transition holders of the old ERC-20 coin over to the new coin and to buy back and burn up to 50% of existing BNB coins. This will have the twin effects of enhancing security and bolstering the value of the remaining BNB coins.

BNB Review – What is BNB
How & Where to Buy BNB

LINK is a cryptocurrency token launched in 2017 by Chainlink. Chainlink is a major innovator in the smart contracts space, having pioneered the interaction of blockchain technology and outside data sources known as “oracles.” Participants in the Chainlink network are provided with rewards in the form of LINK tokens for providing smart contracts with secure access to relevant out-of-network data feeds that can be used as oracles. The lack of a strategic roadmap for the currency, however, as well as the company’s reluctance to discuss its future have acted as something of a drag on valuations. Although it has nonetheless managed to climb into the top 10 coins as measured by market cap.

What is Chainlink (LINK) – LINK Review
How & Where to Buy ChainLink (LINK)

Cosmos (ATOM)

The ATOM coin is the staking coin on the Cosmos network, which is an ecosystem designed to host numerous independent blockchains and facilitate communications between them. It is also hoped that the network will one day enable blockchains outside of the Cosmos ecosystem to interact with blockchains that live inside it, thus providing a new level of interoperability for the cryptocurrency industry.

The Cosmos platform is a dual-token platform, with the Photon token existing alongside the ATOM coin. Photon tokens are used to pay transactional costs and can be earned by staking ATOM coins and then performing validation work on network transactions.

What is Cosmos (ATOM) – ATOM Review
How & Where to Buy Cosmos (ATOM)

REN (REN)

The REN token is the native coin of the Republic Protocol. The Republic Protocol is a method for enabling large cryptocurrency trades without prompting speculative slippage. The protocol engages multiple decentralized nodes to generate real but, at the time of their execution, essentially anonymous crypto trades.

The theory is that because these orders do not appear on publicly accessible order books, slippage is avoided. At the same time, the people behind the trades can maintain their anonymity. The REN coin is used to facilitate the process by acting as the only acceptable currency with which to pay fees and surety bonds for the various transactions.

What is REN – REN Review
How & Where to Buy REN

Tezos (XTZ)

XTZ is a cryptocurrency underpinned by a self-amending blockchain that was designed to avoid hard forks and other such problems. In order to avoid unnecessary conflict, it also employs on-chain governance so that every stakeholder has a say in any future proposed changes to the Tezos network.

Blocks of transactions in the Tezos/XTZ blockchain are validated through a proof-of-stake consensus rather than a proof-of-work consensus, which means your ability to validate blocks is based on your holding of XTZ coins and not on mining hardware and software.

Tezos provides formal verification of on-chain code, making it a secure smart contract platform.

What is Tezos (XTZ) – XTZ Review
How & Where to Buy Tezos (XTZ)

Vechain (VET)

VET is the tradable coin from the VeChain Platform, holdings of which also generate VTHO coins, which can be used to cover the cost of transactions executed on the VeChainThor blockchain. It can be stored in the VeChain Thor Wallet, available on Android and iOS, as well as the VeChain Sync desktop wallet, which is available for Windows, macOS and Linux operating systems. It is also supported by the Ledger Nano S USB wallet for those who prefer a hardware storage solution.

The VeChainThor blockchain was designed to be used in supply chain management solutions for organizations that require highly-secure systems.

What is Vechain (VET) – VET Review
How & Where to Buy Vechain (VET)