New cryptocurrencies, tokens and CBDCs

New cryptocurrencies, tokens and CBDCs

The market for encrypted electronic currencies is developing rapidly. Some projects collapse and disappear from the market while others emerge and grow. Recently, a number of new cryptocurrencies, tokens and CBDCs have been created. You will find more information in the article below. This is an informative article and not a recommendation. We do not recommend investing in any of these cryptocurrencies or tokens.

New cryptocurrencies

• Chia (XCH) – is a cryptocurrency created by BitTorrent creator Bram Cohen that uses a different mining algorithm than traditional Proof of Work-based cryptocurrencies.
• Filecoin (FIL) – is a cryptocurrency associated with the Filecoin platform that allows users to share and store files on the blockchain network.
• Helium (HNT) – is a cryptocurrency associated with the Helium platform that enables blockchain-based IoT (Internet of Things) networks.
• Injective Protocol (INJ) – is a cryptocurrency associated with the Injective Protocol platform, which enables the creation and trading of derivatives on the blockchain.
• Internet Computer (ICP) – is a cryptocurrency associated with the Internet Computer project, which aims to enable the creation and running of web applications on the blockchain.

However, it is worth remembering that the cryptocurrency market is very dynamic and new projects are emerging all the time, so this list is not complete and other new cryptocurrencies have also emerged. You want to know where can You buy this cryptocurrencies? Read more in dedicated article.

Other new cryptocurrencies

Here are some other new cryptocurrencies that have emerged in recent years:

1. Nervos Network (CKB) – is a cryptocurrency associated with the Nervos Network platform, which aims to enable the creation of DeFi, NFT and other applications on the blockchain.
2. Flow (FLOW) – is a cryptocurrency associated with the Flow platform to enable NFT, gaming and other applications on the blockchain.
3. Rally (RLY) – is a cryptocurrency associated with the Rally platform that allows you to create blockchain-based communities and monetise your interests.
4. Alchemix (ALCX) – is a cryptocurrency associated with the Alchemix protocol, which allows users to obtain stablecoins based on cryptocurrency investments.
5. Raydium (RAY) – is a cryptocurrency linked to the Raydium platform, which enables trading and the use of automation on various DeFi platforms.

What are the new tokens?

A number of new tokens related to blockchain projects have been created. Here are a few of them:

• Uniswap (UNI) – a token associated with the Uniswap platform, which allows cryptocurrencies to be traded without intermediaries.
• Theta Fuel (TFUEL) – is a token associated with the Theta Network platform, which enables live streaming of video and other content on the blockchain network.
• Terra (LUNA) – is a token associated with the Terra protocol, which enables the creation of stablecoins based on various fiat currencies.
• Axie Infinity (AXS) – a token associated with the Axie Infinity game, which allows players to earn money by virtually trading and breeding creatures called Axies.
• Avalanche (AVAX) – a token associated with the Avalanche platform, which allows DeFi and other applications to be created and run on the blockchain.

Again, it is worth noting that the cryptocurrency and token market is very dynamic, with many new projects emerging every day, so this list may not be complete and other new tokens have also emerged.

What are the new CBDCs?

Many countries have started to develop and introduce their own central banking digital currencies (CBDCs). However, during the course of this year, no country has yet officially introduced its CBDC. However, here are some examples of countries that have announced work on their CBDCs:

1. Venezuela – the country announced in February 2021 the introduction of its CBDC called “digital bolivar”.
2. China – China continued to work on the introduction of its CBDC, the e-yuan, in 2021 and has conducted a number of tests on various platforms.
3. Bahrain – Bahrain announced the launch of its CBDC, called the ‘Bahrain digital dinar’, in June 2021.
4. Brazil – in April 2021, the Central Bank of Brazil announced plans to introduce its CBDC, but has not yet provided a name or details on the project.
5. Philippines – in March 2021, the Central Bank of the Philippines announced that it had begun work on introducing its CBDC, but has not yet provided details on the project.

However, it is worth noting that designing and introducing one’s own CBDC is a long and complicated process and many countries are still working on their projects and do not yet have official launch dates for their CBDCs.

Leszko Dalek

For more than 6 years, he has been interested in cryptocurrencies, tokens and blockchain, as well as other modern technologies like artificial intelligence. I have been actively investing for more than 10 years. I have developed hundreds of highly substantive articles and publications for this and many other external portals.