Seven more tokens have arrived: Sushi, Aave, Waves and more!

Bancor network aims to incentivize users to lock crypto assets in pools in exchange for a share of the fees paid when they are bought and sold by traders. The network’s native cryptocurrency, BNT, facilitates the operation of an automated market maker (AMM), which is a system offering liquidity to markets without a financial institution to manage it directly. Bancor is touted as one of the more established AMMs to date. 

Storj aims to store files in a decentralized cloud network instead of centralized data centers. It encrypts data, splits it into pieces, and distributes it on a global cloud network. Native cryptocurrency STORJ runs on Ethereum, and powers the Storj network. The network also enables people to use other individuals’ hard drive space to store files and even make their own hard drive space available for rent. 

Based on the Ethereum blockchain, Sushiswap is a decentralized network and is completely community-driven. The platform offers an array of decentralized financial services like yield farming and lending. Owners of the network’s governance token, SUSHI can stake their tokens and earn interest on it. The token is also issued to liquidity providers in the network.

Waves allows users to build their own custom tokens and it aims to do so with minimal carbon footprint. The network’s native token, WAVES, which has a supply cap of 100 million tokens, facilitates in-app incentives. People who own WAVES cryptocurrency can determine who earns a share of fees paid for network transactions. Owning the token also enables individuals to participate in mining, among other community activities. 

Known as the largest digital dollar stablecoin system, USD Coin is backed by cash and short-duration US Treasuries, which makes it redeemable 1:1 for US dollars. Circle is the stabelcoin’s main operator and describes USDC as being “fully regulated”. This stablecoin is natively supported on Ethereum as an ERC-20 token, Algorand as an ASA token, Solana as a SPL token, among others.  

Multi-Collateral Dai (MCD) system, most commonly known as The Maker Protocol, describes DAI as a crypto asset that is resistant to hyperinflation due to its low volatility. The stablecoin token is “soft-pegged” to the US Dollar that enables it to maintain a value of $1.00. However, DAI is backed by collateral on the Maker platform, unlike centralized stablecoins that are typically backed by US dollars in a bank account.