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Ecosystem tokens and coins are popular, particularly when there is a liquidity event, a new token, or if they mint NFTs.
ICON and Cardano shared the same ambition – they both wanted to replace Ethereum with a more efficient network. Investors are looking for more targeted business models and have switched to DeeStream’s stage 2 pre-sale. Ethereum is hovering at just over $3,000; they want more focused models.
ICON struggles with Web3 projects
ICON’s goal was to provide a platform that would allow developers to build cross-chain applications. This ambition has not been realized due to the large number of developers on Ethereum. ICON, which is not on Coinbase either, has a low-profile and has no presence.
ICON is only ranked 249th based on market capitalization and has low visibility. ICON wants to keep its social media presence while also relying on the loyal members of their community. ICON is also trading near the lower end of its range, which is around $0.23 a token.
ICON tried to tokenize real-world assets as well, but this was a very niche concept with limited viability. Regulation and oversight were needed to accommodate a new token class on the ICON Blockchain.
Cardano is a network that’s robust and spam-free
Cardano handled 25 million transactions last year, and collected $10 million in fees. Cardano is capable of handling up to 1,000 transactions a minute, and it’s spam-proof when compared with Solana.
Cardano’s spam-free features makes it one of the decentralized networks. It is therefore extremely costly to overload with spam transactions. Cardano, therefore, is trying to establish itself as a hub that can support high-activity projects such as DEX Trading, Games, NFT Markets, etc.
Cardano also grows a decentralized eco-system of apps including lending, metrics and new token types, as well as blockchain-based social networking. Cardano is still relatively stable, with a price of $0.45 following the correction in the entire market.
DeeStream harnesses the power of sponsored content
DeeStream has a more targeted business model than ICON or Cardano. DeeStream will be focusing on the ease of use for viewers and streamers. DeeStream Tokens will be used for micropayments to make streamers stars.
DeeStream will give users full control over their wallets. All transactions will be reversible, refundable and can be reversed. Token ownership will enable anyone to vote for their favorite streamer, and support them.
Stage 2 is an entry level with only $0.055 but a higher upside potential than existing tokens.
DeeStream’s hub will create only 300M tokens for micropayments, utility and staking. The team will also have its allocation locked up for 1000 days. DeeStream wants to make its token a valuable, high-utility asset with blue chip potential.
Learn more about the project. Visit the DeeStream pre-sale website
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