OKB (OKB), KuKoin Token (KCS), and Revolutux (RVLT): Three Cryptocurrency Tokens to Watch This Bear Market
OKB (OKB), KuKoin Token (KCS), and Revolutux (RVLT)
The Luna crash kickstarted a series of events that accelerated the cryptocurrency markets into a decline. With companies like Celcius suffering huge crashes, the bear market is in full gear. This leaves investors wondering when the markets would become stable as they battle with volatility and uncertain prices. On the flip side, the bear market presents investors with the opportunity to boost their portfolio. As solid cryptocurrency projects are trading at a discount investors can purchase them now for more upside when the prices begin to move upwards. Investing in a bear market can be quite tricky hence it is important to conduct proper research before investing your money into any projects. As no one knows when the bear market will end, it is important for investors to protect their capital until the market turns.
Three cryptocurrency tokens to watch in this bear market are: OKB (OKB), KuKoin Token (KCS), and Revolutux (RVLT). These three projects should be keenly watched by investors as they show a lot of promise. In addition, they are built on solid fundamentals and provide utility for their users. Here is a brief summary of each project.
OKB (OKB) is the native token of the OKEx crypto exchange. The OKEx exchange facilitates the buying, selling, and trading of cryptocurrency. In addition, users can keep their crypto assets in hot wallets provided by the exchange. OKEx also provides a wide range of trading tools for expert traders to use in the crypto markets. It is worthy of note that it is the third largest crypto exchange by liquidity. OKB draws its value from the utility it provides on the exchange and this is boosted by user numbers.
OKB performs various functions on the OKEx crypto exchange. It is the governance token and allows holders to propose and vote on changes to the exchange. It is also used to pay trading fees and reward stakers. The OKB token will continue to grow as the OKEx exchange grows and expands its crypto empire. As the native token of the exchange, OKB is set to increase in value.
KuKoin Token (KCS)
KuCoin Token (KCS) is the native token of the KuKoin crypto exchange. It is the fourth largest crypto exchange by trading volume and it was launched in 2017. The token is an ERC-20 token on the Ethereum (ETH) blockchain. The initial supply cap for the KCS tokens is set at 200 million but with the exchanges proposed buybacks and burn it would be cut to 100 million net tokens. KuKoin exchange has announced that the token will perform more than a profit sharing role in the future of the exchange.
KCS will offer users more benefits as the exchange has planned utility announcements for KCS token holders. With the development of its KuChain, its DEX, and other yet to be announced crypto projects, the value of the KuKoin Token is set to further skyrocket.
Revolutux (RVLT) is a decentralized finance project built on the Binance Smart Chain. It will give its users access to DEFI tools that would help them to create wealth and secure their assets. Furthermore, Revolutux would build a DEFI ecosystem where users can stake, trade crypto, purchase NFTs, and receive rewards. Revolutux will also control the protocol through its DAO which would be made up of RVLT token holders.
RVLT is the utility token of Revolutux and it is designed using the BEP-20 token standards. Therefore it is fully fungible and compatible with other BEP-20 tokens. RVLT is a deflationary token that would allow its users to perform various actions including depositing into liquidity pools, transactions, and burning. The protocol will create a new Paradigm in DEFI by introducing crypto users to a truly decentralized financial system.