It is impossible to dissociate innovation and blockchain technology. Since its inception, the blockchain industry has proven experts wrong time after time by offering new ways to intermediate capital and helping to re-design the financial sector as it is known nowadays.
Although many big players in traditional finance started adopting cryptocurrencies recently- including PayPal, Visa, and Tesla – it is still the role of crypto-based startups to bring fresh and disruptive projects to the blockchain scene.
This article will discover promising crypto startups in different countries that offer the most profitable ideas for cryptocurrency exchange, storage, transfer, purchase, etc. In return, you could bring better returns than if you were to buy bitcoin.
Stakin is an Estonian crypto startup that offers a unique infrastructure operator for PoS (Proof-of-Stake) blockchains. For example, ETH 2.0 will include PoS, and hence, they could help to increase the ETH price by adding more value.
The platform offers different PoS protocols with different inflations rates, where users are rewarded for locking their cryptocurrencies to earn interest on their holdings.
Currently, users can stake their digital assets into several networks, such as Icon, Tezos, Cosmos, Solana, Polkadot, Kusama, Terra Money, and others.
Plus, Stakin is fully non-custodial and decentralized. Users have total control over their funds, being responsible for the storage and security of the assets.
When an individual stakes tokens into the platform, he/she is contributing to the network’s security, as the higher the percentage of the network’s staked tokens, the harder it is to attack it.
In terms of innovation, the startup operates a set of nodes, all efficient and reliable, on selected PoS protocols through the cloud and Tier 3 colocation providers.
Plus, they also employ sentry nodes, hardware security modules, and live monitoring tools to secure validation proceedings that happen 24/7 all year round.
The platform also believes that the adoption of blockchain technology at the mainstream level depends a lot on education. Accordingly, Stakin is continuously educating both crypto enthusiasts and non-crypto enthusiasts with simple guides and non-technical tutorials.
Provenance is a crypto startup that offers a distributed, PoS blockchain-based for the financial services industry. The platform reunites all types of financial entities – banks, funds, asset originators, and fintech companies- to provide an all-in-one financial marketplace.
The platform will provide a gateway for loan origination, servicing and financing, marketplace trading, fund custody and administration, banking, and payments -all done through blockchain technology.
Plus, Provenance offers a unique financial marketplace, where each service provider has products for primary and secondary offerings. Currently, the platform’s marketplace supports loans, loan participation, and private funds. They plan to offer support to a wide array of securities (from private equity to asset-backed securities).
The platform wants to ensure a superior standard of user experience, employing comprehensive electronic loan documentation, real-time bilateral settlement, and remittance, but with reduced custody, reduced servicing expenses, and increased market liquidity.
Among the benefits enabled by Provenance, it is possible to highlight:
- Reduction of third-party intermediation
- Reduction of internal staffing costs
- Greater transparency in operations
- More liquidity
- Possibility of new types of financial engineering
- Possibility of new types of business opportunities
The project was built by Figure, a well-known venture-backed private blockchain holding company.
Specialized in crypto-based solutions such as home equity lines, personal loans, and mortgage refinances, the company was featured in Forbes, Bloomberg, The NY Times, and Money publications for its innovative endeavors.
Interoperability is still one of the main issues that stand between blockchain technology and its mass adoption.
Aiming to solve this issue, THORchain is a crypto startup that allows users to transfer or exchange assets from one chain to another, but without employing any too-complex crypto scheme.
The platform relies on a multi-chain architecture, in which transactions are executed in parallel within different chains (e.g., BNB, BTC, and ETH). Consequently, transactions are processed faster, and the stress on the network is reduced.
Plus, THORchain is non-custodial and has no intermediaries, which means no one has access to the users’ assets while exchanging cross-chain.
THORchain has a native token called RUNE, designed to be most used within the network. Accordingly, the token has several use cases, including powering the network with liquidity as a settlement asset.
Plus, RUNE tokens can be used for governance purposes (e.g., to signal priority on-chain), payout rewards, charge fees, and subsidize gas.
RUNE is also one of the most promising assets in the crypto industry, boasting a market cap superior to 1,400,000,000. RUNE is available to purchase on several crypto exchange platforms, from centralized Binance to DEXs like SushiSwap.
Instead of pure speculation and infinite roadmaps with no real value offer, the expansion of blockchain depends on disruptive projects that solve real-world issues for real people.
Crypto startups like Stakin, Provenance, and THORchain utilize blockchain in distinct niches but with the sole purpose of solving real problems. Smart investors should keep an eye on such startups as they are still growing in 2021.