List of Top 5 Marketplace based cryptocurrency projects –
1. PundiX (NPXS):
PundiX is a crypto project that is taking crypto currency to everyone in the world. The project has been designed to encourage blockchain developers and token owners to sell crypto and crypto-related services at any and every physical store in the world. The team has advertised itself as the Walmart of crypto currency that is working with the aim of developing a link between the retail stores and the crypto.
How does it work?
The platform has developed a PundiX XPOS Solution which allows all physical stores to digitise themselves so as to be able to provide its customers an option of purchasing crypto using fiat, mobile wallet, a bank card, or a Pundi XPASS.
Partnerships and Roadmap
PundiX has a rich partnerships with leaders around the globe. Most prominent partnerships include E2Pay, NEM, Xpos Consortium, Stellar, ZCash, and Fintech Associations from Indonesia and Hong Kong.
The platform was officially launched in 2017 Q1 and had multiple branches of the Pundi X POS devices in Singapore, Indonesia, Thailand, and Korea. The Northern Europe branch for the platform was set up in 2018 Q3. By the end of 2018, the platform aims to have a successful establishment in the Russian market followed by Western Europe in 2019 Q2 and China in 2020.
Token Value Information
Total Supply: 280,255,193,861 NPXS
Circulating Supply: 97,327,985,581 NPXS
Market Cap: $179,603,187 USD
ICO Price: $0.001039 USD
Current Price: $0.001845 USD
2. Kin (KIN):
The Canadian coin KIN is aimed at allowing content creators and consumers to interact directly without any dependence on advertising revenue. The platform is working to develop a fair and open digital service ecosystem wherein the participants adopt KIN as their currency. The foundation dictates an open governance of its resources and the support and development of technology.
How does it work?
The KIN coin has been launched by the social media company Kik which is an anonymous social media platform. The KIN Coin takes this platform a step further by integrating a payment feature directly into the platform. Users can buy/support the creators of written content, video, art, games, and digital collectibles within the app.
Partnerships and Roadmap
The Kin Integration by the Kik app began in the final quarter of 2017. In 2018 Q1, the platform was able to get multiple digital services to join the Kin Ecosystem. By Q3 2018, the team aims to launch the Kin Rewards Engine which will incorporate an Incentivization feature in the app.
Token Value Information
Total Supply: 10,000,000,000,000 KIN
Circulating Supply: 756,097,560,976 KIN
Market Cap: $76,181,208 USD
ICO Price: $0.000146 USD
Current Price: $0.000101 USD
3. Decentraland (MANA):
Decentraland is an Ethereum-powered virtual reality platform that allows users to create, experience, and monetise content and applications. With Decentraland, users can purchase land, watch live music, shop with friends, and even start a business all through a universe of their own.
How does it work?
Decentraland will employ Ethereum smart contracts to maintain a non-fungible ownership ledger. These assets will be called LAND with each LAND having a unique (x,y) coordinates, an owner, and a reference to the description file. The clients will have an opportunity to connect to the Ethereum network to get updates.
Decentraland clients will communicate with each other through means of p2p connections. The maintenance of these servers will be incentivised.
Partnerships and Roadmap
Decentraland has partnerships with Barunson Co. Ltd., Axie Infinity, and Etheremon. The project was modelled in 2015 and was developed in a 3D space in 2017. In 2017 Q4, the platform offered people the first opportunity to claim LAND. In 2018, the project has and will continue to see further development until a complete 3D world with full VR support is developed.
Token Value Information
Total Supply: 2,644,403,343 MANA
Circulating Supply: 1,050,141,509 MANA
Market Cap: $85,460,914 USD
ICO Price: $0.030 USD
Current Price: $0.081 USD
Most Read: Top 10 Penny Coins to buy in 2018
4. WAX (WAX):
WAX is a blockchain-powered project which provides a worldwide asset exchange through a decentralised marketplace. On the WAX platform, anyone and everyone can operate a completely functioning virtual marketplace with zero security, infrastructure, and payment processing investment. The platform functions on the WAX utility token.
How does it work?
The platform works on smart contracts which permit a trustless trading between sellers and buyers. The platform works as a global virtual item repository which is accessible to anyone and provides an updated catalogue of all items available for sale in real time. The users of WAX have access to a worldwide market that runs on a blockchain.
Partnerships and Roadmap
WAX has partnered with various industry leaders to decentralise and democratise the world through groundbreaking technology. Most featured partners of WAX include SALT, Kyber Network, Robot Cache, Bancor, Nexo, and Jaxx.
The platform launched its test-net in 2018 Q1 followed by Alpha development in 2018 Q2. The project will officially launch itself in 2018 Q4.
Token Value Information
Total Supply: 1,850,000,000 WAX
Circulating Supply: 930,851,783 WAX
Market Cap: $73,183,208 USD
ICO Price: $5.01 USD
Current Price: $0.078 USD
5. Syscoin (SYS):
Syscoin is an open-source blockchain development platform that has developed a decentralised marketplace powered by the SYS coin. On the platform, users can securely buy and/or sell assets to anyone, anywhere on the planet without the need for any middlemen.
The platform offers a fast and flexible asset platform with a decentralised identity system, encrypted messaging, and instant transactions.
How does it work?
Syscoin is primarily a p2p electronic cash system that has been built for business applications. The platform works on Z-DAG—an instant settlement protocol that can be used for assets, offers, and certificates. A merchant can set their whitelist and the markdown. The users can create and manage their online stores through a web-portal through any smart device. The buyers can search the listings by price or description etc.
Partnerships and Roadmap
Syscoin has partnered with the Decentralised Identity Foundation, Microsoft Azure, and Supernet.
Syscoins blockmarket launched in September. Their Masternodes went live 4 months ago and now there over 1300 masternodes are currently running. “Inputs Credits – Kenzcoin”
They have multiple partnerships and many other projects currently building on syscoin, coinpayments.net launched its coins months ago on syscoin, they are building a decentralized marketplace as well.
In the future, the platform aims to incorporate encrypted messaging enhancement, a lightening network, and develop its escrow followed by the launch of a next-gen Syscoin.
Token Value Information
Maximum Supply: 888,000,000 SYS
Circulating Supply: 539,152,566 SYS
Market Cap: $56,454,820 USD
ICO Price: $0.002977 USD
Current Price: $0.104 USD
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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