6 Coins To 6 MILLION

By October 27, 2021Ethereum
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SHIBA INU

Shiba INU is an Ethereum based project. Its abbreviation is SHIB.

1. When and by whom was it founded?

Shiba INU was created by an anonymous person or persons called ‘Ryoshi.’ It was launched in August 2020.

2. SHIBA’s infrastructure

Shiba INU is a cryptocurrency that runs on the Ethereum network. In addition, it has its own decentralized exchange called ShibaSwap.

3. What does it promise to its users?

Shiba INU is a project described as a ‘decentralized community-building experiment.’ Mentioning that they started from scratch even in their whitepapers, the founders of SHIBA underline that they are trying to create something out of nothing. It has now become a fundraising project for rescue operations, supporting artists who produce dog-themed works in the NFT market.

4. Shiba INU mining?

Shiba INU is a mined cryptocurrency.

5. Highest price and circulating supply

With the highest price of SHIB to date of $0.00006042, the total supply of the cryptocurrency, seen on October 27, 2021, is 394,796,000,000,000 SHIB.

ANKR

ANKR is a protocol established to host nodes on the blockchain economically. The network token is ANKR.

1. When and by whom was it founded?

The ANKR protocol was created in 2017 in partnership with Chandler Song, an engineer in Amazon web services, and Ryan Fang, an investment banker at Morgan Stanley.

2. ANKR’s infrastructure

ANKR works with blockchain infrastructure. It uses the ‘Native Oracle System’ that connects on-chain and off-chain data.

3. What does it promise to its users?

ANKR provides a cloud service that offers affordable and accessible hosting of nodes on the blockchain. It provides excellent convenience to institutional investors and network developers. Having a system that will benefit from a passive device and computing power is the most significant feature that distinguishes ANKR from other hosting services.

4. ANKR mining?

ANKR is not a mined token.

5. Total supply with lowest price and highest price

ANKR saw its lowest price so far at $0.0007108 on March 13, 2020, and the highest price on March 28, 2021, with $ 0.2252. With a circulating supply of 7,662,899,378 ANKR, the total supply of the token is 10,000,000,000 ANKR.

GRAPH

The Graph Coin is an indexing protocol cryptocurrency designed to power applications in the De-Fi and Web3 ecosystems. Its symbol is GRT.

1. When and by whom was it founded?

The Graph protocol was created by the Graph Foundation of the same name. Engineers Yaniv Tal, Brandon Ramirez, and Jannis Pohlmann, who have been working together for many years, are the founders of this team. Funds were collected for the project in October 2020 and then implemented. The cryptocurrency was launched on December 17, 2020.

2. GRT’s infrastructure

GRT has a structure consisting of three main layers. Indexers are responsible for searches and operations on subgraphs that form the basis of its process, curators who calculate and select the quality ratio of subgraphs, and delegates accountable for protocol security. The entire layer is built on Ethereum infrastructure. Finally, at the last stop of the process, some consumers receive the data.

3. What does it promise to its users?

The protocol that GRT is connected to promises to eliminate the data extraction problems between the blockchain network and applications and to create an environment for the use of both economic and accessible APIs. De-Fi projects such as AAVE, Aragon, Uniswap, Balancer, and Synethix use solutions from Graph.

4. GRT mining?

GRT is not a mined coin. However, it is possible to win prize tokens by being among the delegates.

5. Total supply with lowest price and highest price

GRT saw its highest price so far on February 12, 2021, at $2.88. The total supply of the crypto money, whose circulating supply is 1,245,666,867 GRT, is 10,000,000,000 GRT.

BALANCER

The Balancer is a platform and liquidity pool protocol built on the Ethereum network. The name of the token of this protocol is BAL.

1. When and by whom was it founded?

Created by Fernando Martinelli and Mike McDonald, Balancer was launched in 2018 as a research program at the BlockScience software company.

2. BAL’s infrastructure

The Balancer is a decentralized De-FI project using Ethereum infrastructure. It has a structure that runs three types of pools: private pools, shared pools, and smart pools. Private pools are managed by the owner of the asset and provide the liquidity himself. Shared pools are pools with more than one person who wants to be a liquidity provider. Finally, smart pools are a smart contract-controlled variation of private pools.

3. What does it promise to its users?

The Balancer has an algorithm that makes it easy for AMMs (automatic market makers) to store their assets and determine a trading method. In addition, it provides liquidity flow in exchange for fees from investors with the pools in it. The fact that more than one token can be added and ETH is not mandatory is another feature of Balancer that distinguishes it from its counterparts.

4. BAL mining?

In the Balancer protocol, “liquidity mining,” that is, liquidity mining is done. BAL tokens are given as a reward in exchange for the liquidity provided to the system.

5. Total supply with lowest price and highest price

While BAL saw its lowest price of $ 7.88 on July 15, 2020; The highest price was seen on May, 2021, with $ 72.19. The total supply of crypto money, which has a circulating supply of 6,943,831 BAL, is 35,725,000 BAL.

MAKER DAO

Maker is the token of the decentralized application platform known as MakerDAO, and its symbol is MKR.

1. When and by whom was it founded?

Created by MakerDAO, Maker was released on December 18, 2017.

2. Infrastructure of Maker

DAO, “Decentralized Autonomous Organization,” stands for an autonomous and decentralized organization that manages itself. Working on the Ethereum blockchain, MakerDAO was implemented to develop a solution that implements independent management processes in finance.

3. What does it promise to its users?

The platform has a stable cryptocurrency called DAI. The stability of the value of DAI to the dollar is tied to the algorithm and the process of performing user transactions under the control of this algorithm. In this way, a stable cryptocurrency can maintain its value by controlling the reserve by the algorithm, without the need to rely on any organization’s promises to hold funds.

The highlights of the MakerDAO ecosystem are that users can generate DAI themselves with the ERC20 tokens they deposit; The ability to lend crypto money in their hands is to borrow from the system in return for specific collateral. Secured collateral rates of debts, liquidity conditions, borrowing, and lending interest rates are determined by voting by MKR holders.

4. Maker mining?

Maker is not mined.

5. Total supply with lowest price and highest price

Maker saw a low of $21.06 on January 30, 2017, and a high of $1,976.24 on January 10, 2021. The total and circulating supply of this cryptocurrency is MKR 997,350.

EOS

Enables vertical and bed scaling of EOS decentralized applications, account management, authentication, database creation, and application programming; It is software that offers blockchain architecture.

This decentralized system is capable of scaling multiple transactions. The cryptocurrency of this network is EOS.

1. When and by whom was it founded?

EOS was founded in 2017 by the company block one.

Founder Daniel Larimer; BitShares is the creator of Blockchain Steem and Delegated Proof of Stake (DPoS). Larimer currently works as the CTO of block one.

EOS was launched in June 2017 as an initial coin offering (ICO). The ICO raised $2.5 billion in one year, making it one of the highest ICO initiatives.

2. Infrastructure of EOS

Aiming to be a decentralized network, the developers of EOS conduct their transactions with the DPoS consensus mechanism.

Created on the Ethereum blockchain network, EOS switched to its own network in 2018.

DPoS is a voting-based system that helps generate new cryptocurrencies over the amount of cryptocurrency held by selected stakeholders.

3. What does it promise to its users?

EOS software offers a blockchain architecture that enables vertical and horizontal scaling of decentralized applications.

EOS ensures that every transaction and application is transparent so that an erroneous transaction can be seen by everyone on the network and the mistake can be corrected in this way.

In addition, EOS promises its users high-speed transactions.

4. EOS mining?

EOS is not mined because the consensus algorithm called DPoS is used.

5. Total supply, lowest and highest prices

The circulating supply of the crypto money, whose total supply is 1,018,118,014 EOS, is 921,418.002 EOS.

While the lowest price of EOS in the history of crypto money was $ 0.480196, the highest price was determined as $ 22.89.

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