Smart Contracts
Enter The Exciting World Of CashTokens
The Top CashTokens Projects (December 2023)
CashTokens is the upgrade that enables smart contracts and tokenization on the fast and scalable Bitcoin Cash blockchain.
While Bitcoin (BTC) and Ethereum suffer from high fees and network congestion, Bitcoin Cash presented a solution that can work for mass adoption and onboard billions.
With UTXO-based smart contracts active, several developments already showcase decentralized finance.
Bitcoin Cash now has an on-chain DEX, an NFT marketplace, tokens, NFTs, and several more developments are underway.
We explore in this story three of the top CashTokens projects with the potential to make CashTokens and the wallets that support the smart contracts/Web3 infrastructure on Bitcoin Cash.
Wallets Supporting CashTokens
You only need one of these wallets to begin your CashTokens quest:
- Cashonize (browser wallet)
- Paytaca (browser extension or mobile wallet)
- Zapit (browser extension or mobile wallet)
- Electron Cash (desktop)
The Paytaca and Zapit browser extensions work similarly to Metamask, although Metamask is a wallet for EVM-compatible networks and not the Bitcoin architecture, which is UTXO-based.
TapSwap.Cash — NFTs Marketplace
TapSwap is the first NFT marketplace on CashTokens.
Volumes will vary, with some days producing several BCH in trades, but still, we witness steady interest in CashTokens NFTs.
The top CashTokens NFT collections are BCH Guru and Cash Ninjas.
BCH Guru
It’s the BCH Guru on BCH exposing the FURUs!
Besides the NFT collection and the price prediction market under development, BCH Guru has produced awesome BCH-related music and videos marking the new era of CashTokens on Bitcoin Cash.
The launch of the price prediction market (expected in the following days) in a closed alpha that could be a boost for CashTokens.
The NFT sales are impressive on TapSwap.cash, with the collection already having produced 174.51 BCH in trading volume:
Furthermore, the first NFT of the collection (#1) sold for the incredible price of 21 BCH!
Cauldron DEX (cauldron.quest)
The Shadow Wizards of Bitcoin Cash are casting dark magical spells of financial freedom and individual empowerment.
While some view them as rebels, others see them as champions of a new era of financial sovereignty. Regardless of your perspective, one thing is certain: the Shadow Wizards of Bitcoin Cash are a force to be reckoned with in the Cryptoverse!
The first Bitcoin Cash DEX offering token Swaps and LPs with yield farming has been live for some time now and hosts the fungible tokens of CashTokens.
Cauldron DEX has a different philosophy from other DeFi (DEXs that offer an (inflating) native token as a reward). The native tokens of most DEXs are inflating at remarkable rates to cover the extreme yields, mostly counting on new users getting in to pay the high APRs to the previous ones.
We know well what this system suggests, and Cauldron intelligently avoided it offering instead true value to Liquidity providers.
LPs earn 0.3% of fees (in the token pair), which is also 100% of the fee paid.
Cauldron debuted in September with the token SOCK, which was immediately embraced.
The token trading has now expired, but holders can proceed with enchantment and receive rare Socks NFTs.
Sock NFTs are on sale for 15BCH by the holders that listed them on TapSwap.cash. The price is justified due to the limited issuance of SOCK tokens and the increased token price before trading expired.
FURU Token
The success of the BCH Guru collection is demonstrated by the price of FURU, the community token that will have a use case in the price prediction platform that BCH Guru will soon launch:
While volumes and liquidity on Cauldron DEX is still low, FURU token seems to be exhibiting vast potential. The transparent distribution of the airdrop and the BCH Guru prediction markets utility point to a token that will dominate DEX trades.
In Conclusion
CashTokens developers are building professional and decentralized financial applications on Bitcoin Cash that enhance permissionless economic activity for everyone.
The low fees of Bitcoin Cash and the instant transactions make it the perfect candidate as a money transmitter service for decentralized Web3 applications.
Other networks that claim to have solved everything are constantly getting attacked and even shut down when facing increased usage (see Ton, Solana, and more).
Developers can find a solution to the problems of high fees and congestion Ethereum and BTC face that limit the potential for broad adoption by building on Bitcoin Cash.
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