☑️Use cases of tokens

Use cases of tokens

The detailed documentation below lists the ways in which other cryptocurrencies have increased their valuation. All are highly applicable to NEO Credit (NRT).

Case 1: CRO Crypto.com Coin (CRO) is the native cryptocurrency token of the Crypto.com Chain, a decentralized and open-source blockchain developed by Crypto.com. In 2018, it received a 380% injection and went from $0.0130 (333 satoshis) to $0.0625 (1600 satoshis). As a result, daily volume increased from $90,000 to over $800 million in four years.

Case 2: BNB Binance Coin (BNB) is a utility token designed for users of the cryptocurrency exchange Binance that was launched in July 2017. When account users purchase BNB and use it to pay for cryptocurrency trading fees on the Binance market, they receive discounts. BNB, built on a blockchain called "proof of authority in play," is a deflationary cryptocurrency with a maximum supply limit of 200 million. Prior to the initial offering, all coins were pre-mined at a price of $0.10 per BNB. In 2021, the coin increased by nearly 1,344% and BNB went from around $38 in January 2021 to a record high of $683.82 in early May 2021, and then in early November 2021 to a new high of $668.07. The current market capitalization of BNB is over $47 billion.

Case 3: KCS Kucoin (KCS) is the native token of KuCoin Exchange launched in 2017 with profit-sharing capability that allows traders to collect the benefits of the exchange value. It was created as an ERC-20 token that runs on the Ethereum blockchain. KuCoin has a market capitalization of over $1.5 billion, a maximum supply of just over 170 million KCS coins, and a circulating supply of about 98.4 million (58%). Just a few days after its release, the currency skyrocketed from $0.4551 on November 30, 2017, to $20.44 on January 10, 2018. Although it fell to $2.28 on March 18, 2018, KCS has now risen to $5.17 as of April 24, 2018. According to CoinGecko, the currency has increased by over 125% in the last 12 months.

Case 4: CRPT Crypterium Token (CRPT) is the token of Crypterium, a wallet that aims to integrate traditional financial services and cryptocurrencies powered by CRPT, an Ethereum token. Crypterium accelerates the impact of supply and demand economics on the value of CRPT by charging a 0.5% gas fee in CRPT for crypto-to-fiat transactions and also burning tokens at the end of each month. CRPT now has a market cap of $16 million and is held in 56,628 wallets. Crypterium has risen to an all-time high of $3 (January 23, 2018), and on April 8, 2020, the price increased over 64% of its value at that time. With the sale of 68,875,950 Crypterium tokens for $0.75 each, the Crypterium initial coin offering (ICO) raised $51,656,963.

The strengths of the project revolve around the effectiveness with which the executed activities and products relative to use cases have increased token valuations: the more tokens are used for personal consumption, the higher the valuation. However, within volatile periods that can impact the valuations of nearly all tokens simultaneously, L1 utility tokens return first in valuation.

NEO Credit (NRT) tokens function within the entire ecosystem to increase the interoperability of earned/invested resources between projects, thereby giving it the valuation strength of a utility token.

The figures and information provided are approximate and for informational purposes only. They do not constitute a guarantee of income. Please note that all investments involve risk and past performance is not indicative of future results. Investing in NEO DAO or any other investment opportunity involves risk and potential investors should conduct their own research and seek advice from a financial advisor before making any investment decisions.