Token Valuation
The documentation detailed below lists the ways in which other cryptocurrencies increased their valuation. All are highly applicable to FINY COIN (FINY).
Case 1: FTX
The FTX token hit 105% in January 2021. Its exchange outperformed its open BitMEX and Deribit contracts. FTT is the native exchange token issued on the Ethereum blockchain. FTT stakeholders receive a discounted trading commission based on a tiered system and other perks, including bonus votes on their polls and higher airdrop rewards.
Case 2: CRO
Crypto.com Coin (CRO) is the native cryptocurrency token of the Crypto.com Chain, a decentralized and open-source blockchain developed by Crypto.com. In 2018, it received a 380% injection and increased from $0.0130 (333 Satoshi) to $0.0625 (1600 Satoshi). Accordingly, the daily volume increased from US $90,000 to over US $800 million in four years.
Case 3: BNB
Binance Coin (BNB) is a utility token designed for Binance cryptocurrency exchange users that launched in July 2017. When account users buy BNB and use it to pay Binance cryptocurrency market trading fees, they receive discounts. BNB, built on a blockchain called "proof-of-staked authority," is a deflationary cryptocurrency with a 200 million hard supply cap. Before the initial offering, all coins were pre-mined at a price of $0.10 per BNB. In 2021, the coin increased by nearly 1,344% and the BNB rose from roughly $38 in January 2021 to an all-time high of $683.82 in early May 2021, and then in early November 2021 to a new high of $668.07. BNB’s current market cap is over $47 billion.
Case 4: KCS
Kucoin (KCS) is the KuCoin Exchange native token launched in 2017 with profitsharing capability allowing traders to reap the benefits of the exchange's value. It was created as an ERC-20 token that runs on the Ethereum blockchain. KuCoin has a market cap of over $1.5 billion, a maximum supply of just over 170 million KCS coins, and a circulating supply at about 98.4 million (58%). Just a few days after its release, the currency skyrocketed from $0.4551 on November 30, 2017, to $20.44 on January 10, 2018. Despite dipping to $2.28 on March 18, 2018, KCS has now risen to $5.17 as of April 24, 2018. According to CoinGecko, the currency has risen by more than 125% in the past 12 months
Case 5: CRPT
Crypterium Token (CRPT) is the token of Crypterium, a wallet which aims to integrate traditional financial services and cryptocurrencies that’s fueled by CRPT, an Ethereum token. Crypterium accelerates the impact of supply and demand economics on the value of CRPT by charging a 0.5% gas fee in CRPT for crypto-tofiat transactions, and also by burning tokens at month’s end. CRPT now has a market value of $16 million and is held in 56,628 wallets. Crypterium soared to an all-time high of $3 (January 23, 2018), and on April 8, 2020, the price increased by over 64% of its worth at that time. By selling 68,875,950 Crypterium tokens for $0.75 each, the Crypterium ICO (initial coin offering) raised $51,656,963. The project's strengths revolve around how effectively their executed activities and products towards use cases increased token valuations—the more tokens are utilized for personal consumption, the higher the valuation. However, within volatile periods that may impact the valuations of almost all tokens at the same time, L1 utility tokens spring back into valuation first.
FINY COIN tokens function within the entire ecosystem to scale up interoperability of the earned/invested assets between projects, thereby giving it the valuation strength of a utility token.