The Top 5 Crypto Utility Coins You Need To Know About

New to the crypto world? Welcome.You’re in for an exciting, profitable ride. These days, cryptocurrency is all the rage and crypto utility coins are your ticket to secure and transparent transactions on the Blockchain.

But before you launch yourself into the next ICO that crosses your path, you need to make sure you know as much as possible about crypto coins.

There are three types of crypto coins

First, it is important that you differentiate between three types of crypto coins or tokens, used in ICOs. Equity tokens serve as shares, or stock in the start-up or company it is issued by and turn stock trading into an active, accessible venture most anyone can join. In this case, the company’s shares are diluted into tokens one can trade.

Security tokens also serve as stock in a startup or company, but these stocks are used as collateral in trades.

And then there are utility tokens, crypto coins that can be used in exchange for access to a certain platform, product or service.Their value appreciates as demand for the coin increases.

Let’s learn a little bit more about utility tokens and which ones to look out for.

The top 5 crypto utility coins on the market

PPT

With its revolutionary PPT coin, Populous is making the world of financial loans a far more efficient place. Using PPT, businesses can directly apply for and receive loans and people can lend their excess capital to others, in exchange for significant interest. The decentralized, peer-to-peer platform eliminates the need for a middleman, such as a bank and the Blockchain-secured coin enhances transactional security, injecting confidence in the entire process.
GNT

Golem has created the world’s first global, open-sourced, decentralized supercomputer, accessed by anyone connected to the internet - and powered by its Ethereum-based GNT coin. Computational power is “lent” to the supercomputer in exchange for a fee, paid in GNT. The supercomputer will only run once the user pays GNT coins and the coins’ value will increase as the project becomes more popular.

CEDEX
CEDEX is the exchange platform and crypto coin that is transforming the diamond into a financial asset class for investment and trading purposes. With CEDEX, diamond sellers and buyers enjoy designated trading flows, creating trust and safety through simple onboarding processes, reliable certification/validation processes and custodian. All diamond trades are completed using the CEDEX coin, secured on the Blockchain, so every diamond’s history, pricing and path is ever transparent.
You can Learn more about the CEDEX platform on https://cedex.com/#header

SIA
The premise behind SIA is similar to that of the GNT, only here, the “product” for rent is unused hard drive space, stored on the Blockchain and rented out in exchange for SIA coins. Apart from its method of transaction, what sets SIA apart from other storage platforms like Dropbox, is its open-source, decentralized nature, encrypted for superior user security.

DGD & DGX
DigixDAO is a network-company governed by smart contract rules, through which community members determine (together) where grants should be allocated to, based on their potential to help grow the Digix network. Two utility coins are associated with Digix; DGD and DGX. DGD is used for voting purposes with the DigixDao network, while DGX is worth 1 gram of physical gold and is the first-ever crypto coin used to track gold transactions on the Blockchain. Together, these coins are creating an effective, transparent and highly-secure greenhouse of crypto growth.

So there you have it - 5 coins you can start investing in today, but which one will you opt for? the supercomputer? Diamonds? Loans? Choosing right could lead to a great year in 2019 for you!