Watch These Phantom-Based Altcoins: Strong Action Expected!

Phantom ecosystem tokens are posting good profits despite the boring and declining market. According to data from CoinMarketCap, Phantom ecosystem tokens have a total market cap of $73,853,142,994. They are also recording a price increase of over 225.14 percent with a trading volume of $8,837,296,819. In this post, we’ll talk about five Phantom-based altcoins you should watch, according to expert Will Izuchukwu. Here are the details…

Phantom-based XY Finance (XY) draws attention

The goal of XY Finance is to make the transfer of on-chain assets such as tokens and NFTs between Blockchains simple and secure. For DeFi and Metaverse, XY Finance serves as a one-stop cross-chain aggregator. It provides maximum interoperability. Thus, the protocol brought the trading of all on-chain assets under one roof. We can summarize the important parts of XY Finance as follows:

• X Swap & Y Pool (DeFi): It provides a seamless user experience and the most perfect interoperability. For fast, easy and affordable trading, XY Finance offers a one-stop “swap-aggregator”.
• GalaXY Kats (GameFi): GalaXY Kats is a collection of 10,000 different meerkat NFTs. It is also a game where users can research the knowledge of the GalaXY universe. You can help GalaXY Kats revive humanity by fighting enemies and completing missions in the game. It is worth noting that this game is P2E. GalaXY Kats also offers DeFi services on X Swap & Y Pool.
• NFT Satellite (NFT): To meet the rapidly expanding multi-chain NFT ecosystem and the growing demand for NFT trading, XY Finance has developed this NFT liquidity aggregator that allows users to buy, sell and trade NFTs on a single chain.

Another phantom-based altcoin: SpiritSwap (SPIRIT)

SpiritSwap’s protocol introduces revenue sharing using the traditional AMM approach. Adds incentives for phantom network users. SpiritSwap on the Phantom Opera Chain is a decentralized exchange (DEX). SpiritSwap is built on the basis of an automated market maker (AMM) like Uniswap. Liquidity providers deposit a pair of tokens in an AMM. An algorithm then automatically creates markets for the token pair.

According to the official document of the project, investors easily switch between tokens in AMM. So he gets guaranteed rates for swaps. SpiritSwap charges a fee for each trade. This fee is then given to the liquidity providers in return for their work.

Features of GTONCapital (GTON)

cryptocoin.com As we have reported, GTON Capital is a project based on the latest achievements of Web 3.0 technology. It has a thriving infrastructure to promote digital capital markets. GTON CAPITAL (GC), a DAO, develops DeFi infrastructure and a product ecosystem to improve digital capital markets. The components of the GTON Capital protocol architecture are as follows:

• GTON Network: A multi-collateralized stablecoin serves as the native currency of the Ethereum aggregation protocol.
• Gton Dollars: The GTON network rollup uses a highly collateralized stablecoin technology that has a real use case as a native currency.
• Treasury protocols: It is the GTON bonds that serve as the primary mechanism that determines the inflow of funds into the treasury and thus encourages network expansion. Other projects include Pathway as a protocol to manage CEX/DEX liquidity and stake GCD and GTON tokens with a sustainable APR.

Retreeb (TREEB) cuts agents

Retreeb saves banks and traders from interbank costs by cutting the middleman. This is in line with their mission to create better futures through better value distribution using pay. Retreeb is a brand new decentralized payment method that enables its users to behave ethically, generously and in solidarity today. It claims to be transparent thanks to its economic framework and technological foundation.

There are no fixed fees in the project. This is a particularly attractive source of cost savings for the trader. Retreeb donates one-third of this revenue to the social enterprise chosen by the user who executed the transaction. It is the only decentralized payment method that does this. The user does not make any direct contribution to this economic model.

Last altcoin on the list: OpenOcean (OOE)

OpenOcean’s goal is to create a complete crypto trade aggregator that acts as a link between networks in fragmented DeFi and CeFi markets as it does today. OpenOcean is a DeFi and CeFi aggregator. Implementing a highly tuned intelligent routing system, OpenOcean finds the best price for traders on DeFi and CeFi. OpenOcean continues to collect derivatives, yields, lending and insurance products in addition to swaps. It will also introduce unified margin products and smart asset management service. OpenOcean also offers an API and arbitrage tools for users who want to automate arbitrage transactions.

Contact us to be instantly informed about the last minute developments. twitter‘in, Facebookin and InstagramFollow and Telegram and YouTube join our channel!