The 3 Most Explosive Altcoins in the Cardano (ADA) Ecosystem!

The Cardano ecosystem is brimming with activity. And there are very high quality projects built on it. Crypto expert Lawrence Mike Woriji sheds light on the top 3 Cardano projects.

First Cardano project: Coti Network (COTI)

COTI is one of Cardano’s projects with impressive usage areas. This platform, which means “The Currency of the Internet”, is also one of the least valued projects. COTI facilitates fast and secure transactions with cheap fees. It allows businesses, governments and organizations to issue their own tokens.

Therefore, COTI offers a modern solution to the fintech field. It makes payments efficient for buyers and sellers. This platform combines traditional finance concepts such as:

• Financing.
• Transfer.
• Loyalty programs.
• Cross-platform payments DeFi use cases. In this way, it uses blockchain to simplify payments.

The project is making moves in many ways

As you follow on Kriptokoin.com, Coti has also launched bank accounts and Visa debit cards. This creates a link between the financial world and the crypto industry. Also, COTI has launched COTIPay, a payment service that supports different payment models. In addition to all these, COTI also supports P2P payments. Cardano has already invested more than one million dollars in COTI. This shows his belief in the project. This project is also behind Cardano’s best designed stablecoin, DJED stablecoin. COTI also allows you to create your own stablecoin with full control over it.

The COTI token runs on Trustchain, Ethereum and BNB Chain. It is currently trading at $0.04649. Its circulating supply is 1,219,255,922 COTI. Also, there is a maximum supply of 2,000,000,000 COTIs.

Second project Minswap (MIN)

Every good ecosystem needs a good DEX. For example, Ethereum has Uniswap, Binance Blockchain has PancakeSwap, Polygon has QuickSwap, and Avalanche has Trader Joe’s. DEXs are the cornerstone of every crypto ecosystem. DeFi activity in Cardano is currently on the rise. Minswap currently leads this department. MinSwap plans to become the #1 liquidity provider in the crypto market. It plans to achieve this by integrating the best asset pool models from different ecosystems into a single protocol.

Data from DeFillama shows that Minswap has the highest TVL in Cardano. This is a testament to its popularity on the network. Minswap is Cardano’s largest DEX and also its most mobile friendly. Minswap has several advantages over most DEXs. For example, not every DEX has a launch pad. However, Minswap has the Launch Bowl launch area for DeFi projects on Cardano. Minswap allows users to trade and exchange assets with low fees.

Highlights of the project

Minswap also has some pools and farms that offer good rates. The fact that Minswap is the lead project for TVL in Cardano is a good reason to consider it. Also, it belongs to the community. And he works hard to stay that way. The tokenomic nature of the project is another reason why ADA users love it. About 70% of their tokens go to Yield Farming and are publicly traded. Interestingly, the team only got 10%, while 6% was for the DAO Treasury. Minswap has a fair distribution of tokens. In fact, it’s one of the most transparent I’ve seen in a while.

Minswap’s Babel fee mechanism is another reason for its growth. It allows users to pay transaction fees with other tokens without the need to hold ADA. In addition to being a DEX, Minswap provides the following services:

• Launchpad: Minswap’s launchpads support new projects in Cardano. It offers the community access to Initial Dex Offerings (IDOS).
• Yield Farming: Minswap rewards liquidity providers who stake their liquidity pool tokens with the MIN token.
• Governance: MIN token holders can vote for future offers on the platform.

Latest Cardano project Muesliswap (MILK)

MuesliSwap is the first decentralized Mueliswap is the first DEX on Cardano. Although Minswap has taken most of the spotlight, Mueliswap remains a force to be reckoned with. ADA provides its users with a smart contract powered trading platform. Some of the services it offers are:

• Classic Order Book swaps.
• Liquidity pools.
• AMM swaps.
• staking.
• Farming.

Mueliswap also has a decentralized token launchpad and an NFT marketplace. It is currently the 6th largest project in Cardano in terms of TVL. Mueliswap’s MILK token is currently trading at $4.39. That’s about 9 times the bear market low of $0.49.