Emerging Altcoins: Kenshi and MUX Protocol

You can also read this news on BH NEWS: Emerging Altcoins: Kenshi and MUX Protocol

Predicting which crypto project will rise significantly is challenging due to the multitude of altcoins. However, periodic insights offer valuable guidance for investors. Currently, two altcoins, Kenshi (KNS) and MUX Protocol (MCB), are under the spotlight.

Kenshi stands out by aiding developers to overcome complex challenges, offering products designed for and by developers. Its ecosystem facilitates data flows between blockchain and off-chain sources, unlocking new possibilities through a dashboard and APIs.

Unchained, a recent addition to Kenshi’s offerings, is a decentralized peer-to-peer network for data verification, rewarding nodes with KNS tokens. Consumers can query verified data using KNS tokens, making Unchained an economically autonomous platform for data verification and exchange. Kenshi’s services are compatible with eight blockchains, including Ethereum and BNB Chain.

The Kenshi token (KNS) serves as a utility token, granting access to the Kenshi ecosystem. With a market value of $16.5 million and a current price of $0.021, KNS tokens are used for unlocking products and services, voting on community matters, staking for network security, and maintaining active nodes in the Unchained network.

MUX Protocol offers a comprehensive protocol suite meticulously crafted for a unique trading experience. It consolidates liquidity and compares all underlying decentralized exchanges (DEXs), providing investors with the best positions. The core of MUX Protocol is the MUX Perpetual Aggregator, a decentralized perpetual trade aggregator offering deep pooled liquidity, cost-effective trading, up to 100x leverage, and a range of market options with smart position routing.

The MUX Protocol includes several tokens: MCB, MUX, veMUX, and MUXLP. MCB, the primary token, allows users to lock it in exchange for veMUX, granting access to protocol revenue and MUX rewards. With a market value of $37 million, MUX Protocol has established itself as a top perpetual DEX and competes with centralized exchanges by actively monitoring market dynamics and adapting its roadmap to meet market demands.

The post first appeared on BH NEWS: Emerging Altcoins: Kenshi and MUX Protocol