Investments in utility cryptocurrencies are extremely popular. The next best thing to personally invest in a cryptocurrency success story is to purchase a utility token. It can be difficult to pick the best utility tokens to invest in with so many possibilities available.
We have therefore chosen BNB Coin (BNB) and Immunicorn Finance (IMU)—two top utility tokens that are seeing tremendous momentum as we get closer to the end of 2022 to make things simpler. Keep reading to learn more about these two crypto tokens and their unique features.
BNB Coin (BNB)
Binance Coin (BNB) is the utility token for Binance, the largest crypto exchange in the world. Owners of Binance Coin can get a 25% trading discount when trading on Binance’s crypto market, as well as discounts on crypto staking. With 80 million users and 600+ coins on sale, Binance compares well against top broker eToro as a great place to track down the most undervalued coins.
Having some BNB makes trading on the exchange smoother. However, many investors simply buy BNB as an investment. The Binance Smart Chain (BSC) blockchain is the foundation for BNB Coin. When compared to the clogged Ethereum blockchain, this exchange platform offers far lower gas fees. Numerous new utility tokens, including Lucky Block, have chosen to debut on BSC. BNB is expected to achieve more in the long run as a powerful utility token.
Immunicorn Finance (IMU)
Immunicorn aims to maintain a low gas charge to make it simple for investors and crypto newcomers to borrow assets and guarantee their prompt, adequate repayment. Immunicorn will do a stellar job of creating a secure platform despite the market’s abundance of DeFi protocols by taking a progressive approach to compliance and minimizing the likelihood of any risk-taking. The platform and its team are sure that by enlisting the help of a sizable community and working together to put DeFi and passive income in everyone’s pockets, they will be able to develop a fantastic project that will quickly expand the platform’s total value locked.
The supply increase offers the most potential for profit from staking on Immunicorn. The $IMU tokens will be created by the protocol from their treasure, with the vast majority being given to stakes. In which case, although price exposure plays a significant role in this, the gain from stakes will come from the compounding of their balances.
Therefore, stakers would still be able to benefit if the growth in the token balance exceeded the potential decline in price (which can be brought on by inflation). The stability of pricing is the main advantage for the token’s minters. Miners must make a capital commitment upfront. Then, they are assured of a fixed return that will be paid at a certain time.
The return is paid in IMU tokens, upholding the principle that the minter’s profit will depend on the price of IMU when the newly issued tokens mature. With this information, it is simple to see that the minter gains from an increase in the price of the IMU token. Finally, if you spend $2,500 on the cryptocurrency, the site will reward you with an extra 64% in Immunicorn Finance tokens.
To find out more about this new coin, see the links below:
Immunicorn Finance (IMU)