Singapore, unlike its regional neighbours, has been friendlier with crypto currencies. Crypto trading and exchanges in Singapore are legal and the latter require no registration. It is possibly because of this friendliness that the country has not shied away from developing revolutionary blockchain-based projects.
Top 5 Cryptocurrency projects from Singapore:
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TRON (TRX):
TRON aims to be a decentralised content sharing platform based on the blockchain and peer-to-peer technology. The network offers an open-source, decentralised platform and distributed storage option to content producers thereby eliminating the need for middlemen such as Apple Store or Google Play.
TRON is working to heal the internet by offering Data Liberation whereby users’ data is free and uncontrolled and enabling a content ecosystem that allows users to obtain digital assets by spreading the content.
Token Value Information:
Total Supply: 99,000,000,000 TRX
Circulating Supply: 65,748,111,645 TRX
Market Cap: $1,423,829,802 USD
ICO Price: $0.0024 USD
Current Price: $0.0216 USD
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Litecoin (LTC):
Litecoin is an open-source software which aims to facilitate an elevation in everyday digital transactions. It is primarily a p2p internet currency that allows instant, almost-zero cost payments to and from anyone in the world.
An online, decentralised currency, Litecoin can be used to purchase services and goods. It also gives merchants an easy way to accept money in crypto without having to pay any fee or endure any chargebacks.
Token Value Information:
Maximum Supply: 84,000,000 LTC
Circulating Supply: 57,928,073 LTC
Market Cap: $3,237,761,355 USD
ICO Price: $4.40 USD
Current Price: $55.89 USD
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Zilliqa (ZIL):
Zilliqa is a secure and scalable blockchain-based platform which has been designed to host decentralised applications. It is the first public blockchain that implements sharding and thus allows for linear scaling of growing block sizes.
Zilliqa works by changing the fundamentals of how a blockchain should reach consensus. The sharding scales according to the network size and supports smart contracts. Their hybrid consensus protocol allows the network’s throughout to grow and hence is an attempt at solving the scalability problem.
The platform is also making it possible for new decentralised business models to develop without any inefficiencies.
Token Value Information
Total Supply: 12,600,000,000 ZIL
Circulating Supply: 7,567,802,268 ZIL
Market Cap: $274,741,313 USD
ICO Price: $0.136 USD
Current Price: $0.036 USD
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Aelf (ELF):
Aelf is a customizable operating system that has been specifically designed for blockchain and is aiming to become the Linux System for blockchain. Aelf attempts to solve the currently prevailing problems of the blockchain community by introducing side chains and an innovative governance system.
Aelf is made up of one main chain and multiple side chains that enable smooth running of smart contracts on the platform. Each side chain is dedicated to a specific type of smart contract thereby solving the scalability problem.
The platform applies the delegated PoS consensus algorithm wherein Aelf nodes take up the responsibility of registering data from the side chains on the core chains. This allows for a unique governance system.
Token Value Information:
Maximum Supply: 1,000,000,000 ELF
Total Supply: 280,000,000 ELF
Circulating Supply: 250,000,000 ELF
Market Cap: $97,921,023 USD
ICO Price: $1.14 USD
Current Price: $0.391 USD
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Kyber Network (KNC):
Launched in September 2017, Kyber Network allows for an instant, trustless, and liquid transaction of digital assets. The network is based on the Ethereum protocol and aims to completely decentralise the crypto currency exchange.
Fundamentally, the network is an exchange platform but also provides users the opportunity to carry out p2p transfers securely. On the Kyber Network, users can instantly exchange and/or convert any crypto currency.
A distinguishing feature of the project is that no match between the sent and the received tokens is required. With a fully-functional Kyber Network, users will have the freedom to send any tokens, have them exchanged on-chain to any other token before the receiver receives them.
Token Value Information:
Total Supply: 215,625,349 KNC
Circulating Supply: 134,132,697 KNC
Market Cap: $59,948,310 USD
ICO price: $1.89 USD
Current price: $0.446 USD
Also Read Top 5 Cryptocurrency projects from United States
Hitesh Malviya is the Founder of ItsBlockchain. He is one of the most early adopters of blockchain & cryptocurrency enthusiast in India. After being into space for a few years, he started IBC in 2016 to help other early adopters learn about the technology.
Before IBC, Hitesh has founded 4 companies in the cyber security & IT space.
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