Crypto trader and influencer Tyler Swope has announced his year-end altcoin selection that he believes will reward patient HODLers.
In a new video, the host of Chico Crypto has 304,000 YouTube subscribers, the decentralized oracle network. Chainlink (LINK) and two altcoins that he claims will reward their holders through a superior staking mechanism.
Swope claims that these three cryptoassets differentiate themselves from the rest by using a new method of staking based solely on real-world business performance rather than inflationary rewards.
“A new type of staking based on real-world business performance is coming. Speculation and inflation will no longer be the main driver of a stake; instead it will be metrics, performance and goal alignment between assets in an industry ecosystem.”
Staking or locking crypto assets to earn interest or rewards tends to increase the supply of the digital asset’s tokens, leading to inflation. According to Swope, LINK aims to combat this by removing unwanted node providers and rewarding good ones.
“The beauty of Chainlink staking is that Oracle nodes can collect LINK tokens from the community for the collateral required by the deals. This allows for growth and development. Good service providers will be able to conclude more service contracts for customers because they can get a share of the community and share revenues, i.e. service rewards, with the community.”
LINK is trading at $19.89 at the time of writing, although there is no clear timeline for the launch of the staking protocol.
Swope is also the native cryptocurrency of Energy Web Chain, a blockchain platform designed to accelerate a low-carbon system using open-source, decentralized, digital technologies. Energy Web Token (EWT) is also following closely.
Swope claims that EWT has a similar scheme to Chainlink to combat inflation by rewarding only well-performing stakers.
Citing the EWT executive summary, Swope states:
“Rewards for staking in decentralized service level agreements (dSLA) are derived from value created in the real world (as opposed to the inflationary rewards paid to newly minted tokens). dSLA rewards are only distributed to high-performing providers and users who support them.”
EWT is trading at $10.44 at the time of writing, while the platform’s staking program is up and running.
Finally, Swope is a framework for blockchains and large businesses that uses a “codeless” approach to simplify contracts. Unibright‘s native service token UBTHe ends the video by mentioning .
Swope highlights the importance of UBT in its Baseledger token model, which aims to connect corporate organizations to Ethereum.
[12:59] “At the center of everything is the Unibright (UBT) token. Unibright token; a staking token is a payment token. It is a Baseledger token and its purpose is to connect the business to the ETH mainnet.”
As of this writing, UBT is trading at $1.58. Swope predicts Unibright will go live before the end of the year.
Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.