XLM, ZRX, LINK and RVN. The latest BinanceUS coins, how good are they really?

Hello everyone,

Thanks for coming back to read the second part of the breakdown of these phase 2 deposits that Binance US is offering, as well as an intro to RVN and LINK, the phase 3 deposits that were announced literally yesterday as I was preparing to write this.

The whole point of this original article of Binance US compared to Coinbase was to see if superior tech/ coins were coming to these giant exchanges and if so, what were the similarities.

What perfect timing that Binance US releases Raven coin and ChainLink on Oct 9th so I get to really compare what’s just arrived to market, with the whole new breed of powerful Altcoins that are coming soon to Coinbase.

Here’s a link to see some of those Alts if you haven’t seen it yet:
https://steemit.com/handshake/@paullifefit/peaking-into-the-future-of-cryptocurrency-with-orchid-polkadot-and-solana

Let’s get straight into it as I’m super pumped to be scratching the surface on RVN and LINK as they are both, at the top of my Buy List right now. I’ve seen some impressive moves on the trading charts with both of these coins recently, but before I get into them, let’s make sure XLM - Stellar and ZRX - 0x aren’t also coins worth considering? 🤔

It is easy to get carried away with the ‘next new shiny object syndrome’ but sometimes you have to keep up with the times, Stellar has been out quite a while now. It needs to be fast, secure, light and easy to use, with a good strong community behind it, if it wants to stay and find a niche for itself as a top cryptocurrency. 🥇👍🏼

XLM - Stellar

https://www.stellar.org/

As you can see from those screenshots, Stellar main selling point, is that it provides liquidity to countries that might be thinly traded or in financial difficulty. The second main point is that it costs a fraction of a penny to send a transaction across the Stellar network, which is certainly a giant step forward compared to today’s fiat currency standards.

To send money from one person to another no matter where they are in the world, all you need to do is hold XLM in an account to keep it active and have at least one lumen to perform the transaction. The receiver also has to do the same to complete the transaction on there end, have a few XLM to keep the account active and allow a transaction to transfer into their desired currency, be it crypto or dollars, euros etc.

Pretty cool, simple, fast, borderless and a wallet with a built in exchange makes it easy to move between Fiat Currencies like GBP to USD or EURO’s to BTC which is really convenient for most people, never mind new comers to this space.

No wonder IBM has affiliated itself with XLM, this is a real good use case for cryptocurrency, and it’s never been more relevant with countries like Venezuela, Argentina and Jamaica for example who could do with a good powerful alternative to their native fiat currency.

It’s also got a great community built into XLM as it’s:

• Developer friendly, you can build on XLM

• Built in Wallet for XLM holders which supports an incredible 47 currencies in 72 countries

• Light fast transactions means it can run on people’s cell phones

• And they are performing outreach offline which is crucial I think in countries like Mexico that could do with a second currency at the moment 👍🏼

VERDICT

Well Stellar lumens - XLM is here to stay! It’s got a strong partner with IBM that will give it amazing leverage when going to other countries and businesses, plus it’s future proofed for some time as it is light and fast and totally mobile friendly. Add this to a community that can only grow as it doesn’t really have any direct competition, XRP is for financial institutions whereas XLM is for the people.

0x protocol - ZRX

https://0x.org/

You could read what I’m about to write or watch this 90 second video of ZRX explaining themselves, either way your going to be happy as 0x is Free Market Exchange which means it has no Binance or Coinbase charging a fee for allowing people to exchange currencies. 👍🏼⭐️

As long as there is decent liquidity, earning enough people congregating on an exchange with no middleman, then this concept definitely works, but liquidity is everything. Thankfully ZRX have picked a niche, a pretty good one as well, ERC-20 tokens.

To make sure they have good liquidity for all sizes of trades, they have So Many Exchanges listed there, check this out:

When I clicked on just One of these exchange icons, I got to see these trading pairs:

ETH, USDT and DAI

That’s brilliant as you can move in and out of Eth into stable coins when you think the market dictates a correction or a bull run. Now ERC-20 tokens only run on the Ethereum network (for now) and even I was surprised at how many there are:

218,528 ERC-20 tokens exist?? Holy Moly!

That is a lot!

Most of the coins/ tokens you see in the top 100 on Coinmarketcap are actually ERC-20 tokens. Here is a few more of the top 16 I found for you:

BAT, LINK, MCO, TETHER, Vechain etc are All ERC-20 tokens.

When I first got into this space in 2016, there was about 3 I think haha, boy have times changed.

Looks like 0x offers so many different exchanges on its site because it actually can perform liquid transactions in most if not all of them. Wow!🤩

Coming soon! Is a futures like market to go long and short on trading pairs like ZRX/ETH or LINK/USDT as well as store your ERC-20 tokens and earn interest on them. That’s pretty cool as it will create an extra layer of trust and community that 0x needs to survive.

It must manage good relationships with external exchanges to get them to pour some liquidity into their model or encourage thousand upon thousands of users to go there instead.

Certainly giving people interest on their coins/ tokens is great for the clients/ customers.

But to keep people coming they definitely need to attract talent such as developers and coders to enhance the exchange experience and add features like other big external exchanges like Binance US and Coinbase, so they have made it a place to welcome people to build on their platform. Awesome job.👏🏼

Welcoming new business is a great way to stay current and up to date with new or competing coins. However after some digging around there is quite a lot of competition in this space:

Uniswap

DeversiFi

Bancor

Changelly

KyberSwap

BisQ

WavesDEX

Cryptobridge DEX

RadarRelay

Stellarterm

Notice that last exchange is XLM or Stellar! They certainly are expanding and moving forward into a matching niche as they want a good exchange platform to help their currency out, long term.

So definitely some headwind for 0x but having said that, these other exchanges are no where near as premium or good a quality as those on the 0x protocol.

As long as you are the leader in any space, then you reap the biggest and best rewards! Maybe that explains why ZRX has been moving strongly this week end?

I’m keeping 0x on the radar but I think there are some better buys right now, if ZRX was under $0.10 I would definitely go and buy it. With so many coins and tokens available right now, we want to only the best and most obvious winners in their category or niche, so what’s LINK and RVN all about then.

Let’s take a quick look and break them down properly tomorrow:

ChainLink - LINK

https://chain.link/

Right! Now I see what the fuss is all about!

Controlling the data that smart contracts have access to is big business. LINK offers an oracle solution of multiple inputs to prevent attack and loss of data and the wrong people getting control of a smart contract by manipulating the data.

Very cool indeed!

This is why LINK has cornered this market so early on, we are fascinated with the Smart Contract function and Dapps but LINK realises the data connecting the smart contract to its external source is of the upmost Importance. Genius!

We’ve known Big Data is big business for a while now...

So Who do we see as their partners already on this screenshot?

• Visa

• Mastercard

*Swift

• PayPal

And on the previous one they announced:

• Google

• Oracle

Who apparently need secure oracles for the next generation of smart contracts, I’ve heard rumours of Microsoft as well, but don’t quote me on that. I heard it from another reliable source, I will divulge that information tomorrow, but I think we can agree LINK is in a very strong place of demand with very little competition.

I will find out more for you tomorrow, but I can see this being a strong tech/ coin that’s easily ahead of its time and experiencing great demand for its services and therefore it’s price has responded. 🥇💯👍🏼

Let’s leave it there for now and look at another strong mover in the markets that’s made it onto the USA exchanges:

RVN - Ravencoin.

https://ravencoin.org/

Ravencoin is actually a fork of Bitcoin!

Well who knew that?

So from something that sounds quite complicated with LINK, Ravencoin is more of a return to the core cryptocurrencies we’ve seen since the beginning.

Except of course with some exciting new features that make it stand out and give it a future:

• Block reward of 5,000 RVN

• Block time of 1 minute instead of 10 like Bitcoin

• Total coin supply of 21 Billion

• A new mining algorithm, X16R which allows for more decentralized mining.

• Addition of Asset issuance, and transfer.

• Future addition of unique assets, sub-assets, rewards, messaging, and voting.

I like that last feature, of focussing on unique assets, sub asserts, rewards, messaging and voting as that would create a real community and following of the coin. One because it’s bitcoin code and some of us die hard bitcoin lovers will appreciate that, but also because Bitcoin has None of those features which would make it Amazing!!!

It seems a lot of other people apart from the SEC and Binance US agree, as look at all these wallets that accept RVN:

Thats a helluva lot of wallets for a relatively new coin on the scene isn’t it?

I know it’s bitcoin code, but that could also cause people to block it and let BTC run as long and hard as possible, but that clearly isn’t the case. Many wallets and exchanges have welcomed Ravencoin.

Tomorrow we shall find out exactly why...

That’s it from me then today.

Till tomorrow. Peace! ✌🏼☮️