When the Luna stable coin project crashed, it led to a series of liquidations which resulted in the crypto winter. Due to over leveraging and undercollateralized crypto loans, many protocols and investors were affected in liquidations. As the crypto winter continues to sweep over the market, investors are implementing strategies to preserve their capital and rebalance their portfolios to prevent any further damage. The crypto winter provides a unique opportunity for investors to purchase decent crypto projects that are currently trading below their worth. Therefore, investors can purchase tokens that will rebound at dirt cheap prices and benefit from the upside when the prices rise. A word of caution is necessary as market prices are currently volatile.
Three crypto tokens you should observe this crypto winter are STEPN (GMT), Avalanche (AVAX), and Big Eyes (BIG EYES). These projects tick all the boxes investors want, including solid fundamentals, trading below their value, use cases, and a strong user community. All these factors come together to offer investors great incentives to purchase their tokens. Here is more information on these three projects.
STEPN (GMT)
STEPN (GMT) is a fitness tech that uses crypto and the blockchain to incentivize users to exercise. The project calls itself a Web3 lifestyle app. STEPN incorporates GameFi elements to reward its users for various physical activities. In addition, it uses Play-to-earn (which it has renamed “move to earn”) to reward its users. Users purchase various NFT sneakers using GST on the platform. Once these sneakers are activated, they earn rewards for various physical activities, including walking, running, or jogging.
GMT is the platform’s governance token, allowing users to propose and vote on proposals by other members. The project uses GPS technology powered by the blockchain to ensure that its users do not cheat or game the system. Finally, the STEPN project uses GST as its native token, and users can use GST to perform transactions on the platform. In addition, users earn GST depending on the type of sneakers they purchase.
Avalanche (AVAX)
Avalanche (AVAX) is a low-fee, environmentally friendly, and fast blockchain designed to deploy smart contracts. The project is the fastest smart contracts blockchain and the best platform for deploying smart contracts and dApps. Its speed helps developers to create better projects that outperform the competition. Furthermore, the Avalanche mainnet launched in September of 2020 and currently has more than 450 crypto projects on its blockchain.
AVAX is the utility token of the Avalanche network, and it performs various functions within the ecosystem. Some of the uses of the AVAX token include staking, securing the network, paying fees, and connecting multiple subnets within the blockchain. The Avalanche token supply is hard-capped, and the supply is strictly controlled. The blockchain creates an ecosystem where developers can create fast, cheap, and seamless smart contract projects.
Big Eyes (BIG EYES)
Big Eyes (BIG EYES) is a community token that takes the same path as other popular tokens. The project aims to improve the crypto ecosystem by improving liquidity in the DEFI and NFT ecosystems. Big Eyes will give more value to the ecosystems by funnelling more liquidity into these crypto sectors. Additionally, Big Eyes is a fully community-driven project and would be owned entirely by its community. At launch, 90% of the token would be available for users. Additionally, it would have NFT events where community members could participate and purchase various NFTs, including the top 10 NFTs in its ecosystem. The Big Eyes project is emersed in Japanese culture and draws inspiration from the country.
The BIG EYES tokens will be at the project’s centre, enabling users to participate in the NFT and DEFI ecosystems. Purchase tokens at the ongoing pre-sale to become an early member and pioneer user. Finally, you will enjoy various bonuses when you purchase BIG EYES tokens and refer your friends.