The cryptocurrency bear market has dominated news cycles and made it near impossible for other news items to make the rounds as many promising crypto projects and their tokens fall between the cracks. Investors are encouraged to take steps to protect their portfolios during this period. One of these methods is converting their crypto assets to stablecoins to protect them from volatility. Another method is purchasing promising crypto tokens while their prices are currently low. Ensure that you thoroughly research crypto tokens before making purchases. Whatever you decide to do, you should remember that capital preservation is the most important strategy during a bear market.
Investors have no idea how long the bear market will last, so they are a bit uncertain in their approach to the crypto market. It has become harder to follow the narrative of the current crypto cycle, which means investors would need extra help discovering promising tokens. The Sandbox (SAND), Aave (AAVE), and Celphish Finance (CELP) are three crypto tokens that are currently below the cryptocurrency news radar. To learn more about these tokens, read our summary of each project.
The Sandbox (SAND)
The Sandbox (SAND) is a crypto gaming metaverse project built on the Ethereum (ETH) blockchain. SAND, the utility token of the project, uses the ERC-20 token standard and is compatible with other tokens on the same network. The Sandbox platform is a gaming metaverse where users can play various games, buy items, build, create, and trade with other users. Additionally, users have full ownership over the items they purchase as they are NFTs they can take off the platform if they wish. Sandbox will change the gaming landscape by using technology to change how players view gaming. The project will introduce players to blockchain gaming and its concepts.
The Sandbox project runs a DAO, which uses the SAND token for governance rights. These rights allow users to vote on proposals and suggest changes to the Sandbox platform. On the other hand, SAND is used for transactions on the platform. Users can buy, sell, trade, and swap items using the SAND token. Finally, the Sandbox project incorporates a play-to-earn model, which rewards users for using the platform.
Aave (AAVE)
Aave (AAVE) is a decentralized exchange (DEX) where users can borrow or lend crypto tokens. The Aave protocol is compatible with different blockchains, so many different tokens are available on the protocol. These tokens are in liquidity pools that are funded by users known as liquidity providers. These providers deposit tokens in exchange for a share of the pool’s fees. On the other hand, users who want to borrow must pay a fee to access the pool and deposit collateral before taking out the loan.
AAVE is the protocol’s governance token, giving its users the right to vote on decisions regarding the protocol. In addition, borrowers can use the AAVE token to reduce the fees they have to pay when they borrow from liquidity pools. Aave operates a DAO model which controls all the actions on the platform. Additionally, its decentralized nature means any crypto user can access it at any time.
Celphish Finance (CELP)
Celphish Finance (CELP) is an NFT and DeFi platform that aims to bring stability to the sector. It would help users protect their NFT assets from hacks and give them the tools to properly manage their crypto assets from their smartphones. Celphish Finance will leverage the current smartphone market to bring more people into the crypto ecosystem. Furthermore, it would create easily accessible DeFi solutions for users to easily access the financial services they need at the touch of a button. The CELP token is the utility token of the project, and it would be front and center of the project’s DeFi efforts.
Get in on this groundbreaking project by purchasing tokens in its ongoing pre-sale. You will receive a 10% bonus when you purchase CELP with ETH and a 15% bonus when you purchase CELP using BNB. Additionally, refer a friend and get $25 worth of CELP tokens when they spend $75. Remember that bonuses can stack!
For more information on Celphish Finance (CELP) visit the links below:
Presale: https://cel.celphish.io
Website: http://celphish.io/
Telegram: https://t.me/CelphishFinanceOfficial