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Top 3 Filesharing Tokens To Watch In February 2023

Will Izuchukwu by Will Izuchukwu
January 31, 2023
in Featured
Reading Time: 4 mins read
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Filesharing tokens, also known as decentralized storage assets, give users tokens in exchange for hosting storage on their system. Filesharing Tokens has a total market capitalization of $4,537,696,365 and a total trading volume of $723,156,638 in the last 24 hours.

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

SINOVATE (SIN)

  • Price Unit: $0.000905
  • Market Cap: $599,366
  • Distinct Features: SINOVATE is prepared to adapt, develop, and maintain its technological, social, and practical significance in a continually changing environment.

SINOVATE (SIN) is a cutting-edge, open-source, community-driven digital money. They create cutting-edge blockchain solutions for businesses, developers, and individuals.

For unbreakable 51% assault defense, SINOVATE (SIN) combines its brand-new X25X Proof of Work (PoW) algorithm with LWMA difficulty retargeting algorithm, Reorg fork reject solution combined with proof-of-burn, PoS4, and LockReward.

The SINOVATE team is well aware of the obstacles ahead and relies on dependable and acknowledged elements of the technological advantages of blockchain to establish itself and offer distinctive services with significant added value.

SINOVATE is a decentralized open-source network made up of both established and cutting-edge blockchain technologies that operate on solid technical foundations. The different technologies have been thoughtfully chosen to address the issues of transaction speed, security, and network scalability.

Exchange: $SIN is currently trading live on TradeOgre. 

Lambda (LAMB)

  • Price Unit: $0.001934
  • Market Cap: $3,167,292
  • Distinct Features: By utilizing IBC, Lambda also provides built-in compatibility features with other Cosmos and BFT chains (opens new window). Using a bridge network to make it possible for Lambda and Ethereum mainnet interoperability is advantageous for developers as well.

A data availability layer and on-chain NFT storage are provided by Lambda Network, a quick, sophisticated, and scalable Web 3 infrastructure.

Lambda offers a research program that serves as a testing ground for new technologies to encourage the fusion of business, academia, and research. In order to conduct theoretical study and technological exploration in the field of blockchain storage, Lambda Foundation will be committed to bringing together top universities, research institutions, and top talents.

With the help of the Lambda blockchain, Ethereum developers can use a fast-finality Proof-of-Stake (PoS) chain to deploy their smart contracts to the Lambda EVM. The ability to test and deploy their contracts on highly dependable clients provided by testnets would be advantageous to developers.

Exchange: $LAMB is currently trading live on OKX, DigiFinex, Hotcoin Global, Gate.io, and Huobi.

RSK Infrastructure Framework (RIF)

  • Price Unit: $0.06233
  • Market Cap: $57,227,858
  • Distinct Features: RIF allows broad interoperability and speedier time-to-deployment, bridging the gap between blockchain technologies and their mass-market use.

RIF (Rootstock Infrastructure Framework) is a third layer that sits on top of Bitcoin and offers a variety of blockchain-based services, including domaining, storage, and payments (RNS). The $RIF token is necessary to use these services due to the tech stack. RIF seeks to establish cooperative marketplaces where people engage in peer-to-peer communication under the control and transparency of immutable smart contracts in order to exchange data, value, and services.

The development of products and services that meet your users’ regular financial demands is sped considerably by the expanding toolbox of protocols and interfaces offered by RIF.

Any holder of the RIF token is able to use services created with RIF and gain from the ecosystem’s expansion. Use RIF tokens to join a network that equips builders with the resources they need to establish a just and inclusive global economy of the future.

Exchange: $RIF is currently trading live on Binance, SuperEx, KuCoin, Gate.io, and MEXC.

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

Image Source: islander11/123RF // Image Effects by Colorcinch

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