Tether is a cryptocurrency token issued on the Omni layer which is built on Bitcoin’s blockchain on. Tether was initially created to provide an alternative to holding US Dollars on an exchange. Originally, one would have to attach their bank account to an exchange to deposit or withdraw US Dollars. Tether also provides exchange users with a stable currency that one can hold if they do not want to be in the market. The fixed exchange rate reduces the uncertainty and volatility compared to other crypto assets. Tether has also been used to exploit exchange arbitrage opportunities. This has added liquidity to the markets and reduced the difference in exchange prices. There has been a lot of whistleblowers calling out the legitimacy of Tether but it continues to add to the evolving infrastructure of the cryptocurrency markets.

Binance Coin

Binance is one of the strongest and largest cryptocurrency exchanges in the world. They developed a cryptocurrency that helps users make quick and easy trades at scale. Binance is capable of processing as many as 1.4 million orders per second. They are keeping up with growing demand, and has support on nearly all devices, including a web platform interface. This high processing rate is due to Binance’s proprietary trading engine that solves the problems that other exchanges are not being able to keep up with demand. Binance also stands out from competition with its high liquidity and low trading fees, even without taking the discount for using BNB into account. Binance Coin (BNB) is a utility token. With the Binance Coin, holders of the token have benefits for using the Binance Coin on the Binance exchange. It is also an ERC-20 token that runs on the Ethereum blockchain. The activity on Binance should be reflected in the price of the Binance Coin.

NEM

NEM or New Economy Movement is the first “Smart Asset” blockchain. Smart Assets give users the ability to modify and customize blockchains for their own unique Smart Contracts. NEM is especially beneficial to businesses, its unique platform is a great tool for businesses to manage their assets. XEM is NEM’s unique token, and it is the second most used token in Japan. Differently from Bitcoin, XEMs cannot be mined. All of the tokens have been distributed among NEM’s clients and the only way to obtain XEMs is through transactions. Another unique feature of NEM is that it has one of the cheapest transaction costs among digital assets, exchanging XEM is much cheaper and faster exchanging Bitcoin for instance.

Bitcoin Gold