Prasanna
The cryptocurrency market is in the red zone. Many coins displayed poor performance in May. Yet, some coins are performing well. Moreover, some new coins also entered the market. This post is all about the top 3 recently added coins to look out for in June 2022. Let’s take a look.
Crypto Market Cap Weekly Chart: TradingView
Top 3 Recently Added Coins: STEPN (GMT)
— STEPN | Public Beta Phase IV (@Stepnofficial) May 19, 2022
According to its website, STEPN is a web 3 lifestyle app with social-fi and game-fi components. Players can make attractive profits by walking, jogging, or running outdoors. In short, users get paid to move. According to its whitepaper, STEPN is created around an important daily exercise for most people – moving around. The users train themselves with NFTs in the condition of Sneakers. By wandering, sprinting, or running outdoors, users will gain game currency, which can either be utilized in-game or cashed out for returns. The important point to remember here is that STEPN is presently in the Public Beta Phase, so contents in the Whitepaper could be modified in the future. At the time of writing this, STEPN ‘s native coin GMT is sitting at $1.05.
STEPN obeys a dual-token standard with a utility token named GST and a governance token GMT. GST has an infinite supply and it is the app’s coin that is earned for activity. GMT can be earned after users have increased their sneakers to level 30. GMT has a whole supply of 6 billion and is circulated as follows:
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- Environment and treasury: 30%
- Move and Gain: 30%
- Private sale: 16.3%
- Binance Launchpad sale: 7%
- Team :14.2%
- Consultants: 2.5%
Top 3 Recently Added Coins: LooksRare (LOOKS)
LooksRare vs Opensea – @BoredApeYC
The buyer got $3.5k in trading rewards. On Opensea, they would have gotten none.
The seller saved $1.5k in fees and got $3.5k in trading rewards. That’s $5k+ more than they would have gotten on OpenSea.
👀💎https://t.co/66hbVzLSXv#BAYC pic.twitter.com/x07xWPwPno
— LooksRare – NFT Marketplace (@LooksRareNFT) January 15, 2022
According to its website, LooksRare is the NFT marketplace with prizes for partaking. Users can buy or sell NFTs to earn rewards. LOOKS is the native token supporting LooksRare marketplace that vigorously awards traders and designers for partaking. The entire LooksRare’s platform trading fees are gained by LOOKS token stakers. It is a prizes standard developed in direct answer to the earlier generation of NFT marketplaces whose expenses mostly award one entity. At the time of writing this, the LOOKS price is sitting at $0.49.
LOOKS is the native governance token. The whole supply of LOOKS is 1 billion. The distribution is given as below:
- Community: 75%
- Ecosystem development: 10%
- Team: 10%
- Strategic sale: 3.3%
- Liquidity management: 1.3%
- ANC liquidity: 5%
- Airdrops: 5%
Top 3 Recently Added Coins: Step App (FITFI)
Almost 150M $FITFI staked!
New stakes are incoming every minute. 🔥#MoveToEarn #StepApp #staking pic.twitter.com/0E6YE6BB7y
— Step.App (@StepApp_) May 26, 2022
According to its litepaper, Step App token economizing contains staking, locks, liquidity stimuli, buybacks, and burns. These are executed by demand illustrated by both gameplay bonuses and value pulled from the game economy. FITFI tokens are governance tokens. These profit from ecosystem payments. KCAL tokens are in-game tokens utilized to purchase SNEAKs and are gained from running while staking a SNEAK. The token distribution is given as below:
- Mining, Move to Earn- 30%
- Team- 15%
- Marketing, Acquisitions, & Licenses- 15%
- Staking, Liquidity, MM, & Incentives- 20%
- Public Sale- 14%
- Partners, Advisors, & Consultants- 6%
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