Binance Coin (BNB), Algorand (ALGO) and Mushe Token (XMU) – Three Crypto Tokens That are a Must Have for Every Investor

By Global Finance News Last updated Oct 6, 2022

Crypto investing is becoming increasingly popular around the world. Mushe news…

Many people finally realize the potential of crypto for financial and economic growth, and so the sector is witnessing an increase in interested parties such as investors and traders. For all new investors, it is vital to have a proper onboarding on all aspects of the crypto industry to make good decisions and avoid unprecedented losses.

The purpose of this article is to highlight the best options on the market right now. These tokens stand head and shoulders above the rest and possess enormous growth potential. We could see them dominate the market in the not so distant future. For investors and traders alike, Binance Coin (BNB), Algorand (ALGO) and Mushe Token (XMU) are simply must-haves and should be given maximum attention in the coming months.

What Is Binance Coin (BNB)?

Binance is a name that is quite familiar within the crypto industry. It is one of the largest centralized exchanges in terms of daily trading volume and supports well over 300 cryptos on its platform. Binance Coin (BNB) is one of them.

Binance Coin (BNB) is the native cryptocurrency of the Binance platform. It serves as the medium of exchange of choice on the platform and has a market cap of $45 billion, making it a top 5 crypto by market cap. The Ethereum-based ERC-20 token is utilized for gas payments on Binance’s decentralized exchange (DEX) platform.

Buying and using Binance Coin (BNB) on the Binance platform will earn you a 6.25 discount on trading fees. Normally, Binance charges a 0.5% trading fee whenever a trade occurs. Traders can pay this fee out of the traded crypto or Binance Coin (BNB). When the latter is utilized, the discount comes into play. This is a major reason why prominent traders prefer the coin, as it is cheaper than others.

Furthermore, Binance Coin (BNB) does not create dust. Dust is what is produced when the trading fee is deducted from an indivisible coin such as NEO. This is another reason why traders like Binance Coin (BNB). The Binance platform also allows users to collect up their dust and convert it to Binance Coin (BNB). A pretty useful feature.

Why Invest in Algorand (ALGO)?

Scalability, decentralization and security is a trio that is essential to the operation of blockchain-based platforms but is often difficult to achieve. It is a trilemma that is very much present in the industry, one that requires urgent attention.

Algorand (ALGO) is the native token of the Algorand platform, a blockchain platform used to create powerful decentralized applications (dApps). The platform is most notable for solving the industry’s trilemma through infrastructures and tools which developers utilize to create dApps.

The platform’s success is evident in how well ALGO is doing in the market. It is a top 30 cryptocurrency by market cap.

Will Mushe (XMU) surge after its launch?

A specific feature of this crypto project is its dedication to accelerating the adoption and benefits of cryptocurrency by providing a level-playing field to the everyday user. By providing a platform with simplified, seamless interoperability, the Mushe project will empower the global population with opportunity, understanding and reward in the evolution of cryptocurrency, Web3 and unification of ethically sustainable decisions.

Mushe Token (XMU) is the native token of the Mushe project, a De-Fi platform that seeks to propel blockchain adoption by increasing the accessibility of digital assets for the everyday person. As the project’s native crypto, Mushe Token (XMU) plays a significant role within its ecosystem, providing liquidity to its decentralized exchange (DEX) and boosting user experience.

Mushe Token (XMU) is built on the Ethereum (ETH) blockchain and, in due time, will move over to the Stellar (XLM) blockchain to provide cheaper transaction costs and financial inclusion for the under banked population. The token is currently on presale and can be purchased by interested parties via the link below.