- Penny Crypto’s are tokens which have a price less than $1.
- The recently emerging metaverse based games, NFT markets are especially notable Penny Crypto’s.
- AiDoge, Fight Out, Ripple, Battle Infinity are some popular names in this domain.
Similar to Penny Shares, Penny Crypto are tokens which have a value of less that $1. These are mainly for people/ investors who want to buy a large number of tokens and for small investors who see them as affordable resources without much risk involved.
Investors seek to expand their portfolios, which is basically to invest in different classes, so that all the losses do not accumulate at once and overall return remains positive.
Penny Crypto opens the gate of cryptocurrencies to many naive investors, who can invest in penny crypto as their starting point even with not much cash in their account. Penny crypto’s have a small market cap compared to Bitcoins and Ethereum, which makes them a little risky, however they are cheap and many are willing to gamble.
Popular Penny Crypto’s Present Now
Whatever may be the price, but a person invests to obtain a profit and the value of the crypto should climb with time. There are many penny crypto present in market but the ones most popular include-
AiDoge:
It is a meme generating platform which uses AI to generate quality memes, when given a text prompt. If a meme generated by someone becomes popular, then the owner is rewarded in AI tokens incentivising them and making them push their creativity and think outside of the box. Total supply of AI tokens is limited to 1 Trillion, and the token holders can use them for governance and buying other digital assets available on the platform.
C+Charge:
It is an EV charging network, which runs on crypto tokens and is bound to revolutionize the EV industry. It awards the drivers who charge their EV vehicle with Carbon Credits. It targets the current inefficient way of handling the scaling EV vehicle industry and the underdeveloped charging and payment network.
Fight Out:
It is based on a train-to-earn method, where users need to perform exercise and they will be awarded proportionally in tokens. This is the first project which aims to bring the fitness industry on a Web3 network. Users need to download the Fight Out app on their android or iOS, which includes fitness-centered games and the users are awarded in FGHT tokens.
The Fight Out metaverse will consist of competitions and challenges and a player’s Avatar, which shows the real time transformation of the player in the Metaverse.
RobotEra:
This provides users with a metaverse gaming platform, where the users are put in a planet as robots, and have to look upon its resources, land management and ultimately, the creation of a world. The users can do whatever they imagine, with the freedom to interact with other worlds and build their robot companions too. It uses TARO as its token currency for in-game and NFT purchases.
Calvaria:
The flagship game of Calvaria is Duels of Eternity, which is plotted in afterlife and asks players to duel their cards, with the strongest card holder winning. RIA, is the token currency used for purchasing NFT’s and in-game transactions. Calvaria is also rolling out its app on playstore and Apple store, which is a free-to-play version and targets the non-crypto players. The company is confident that the players will gradually shift to their play-to-earn model and buy their tokens.
Battle Infinity:
It is a fantasy sports platform, where players not only participate in its numerous play-to-earn games, but also interact and watch in its metaverse called “ The Battle Arena”. IBAT is the token currency used for buying NFT’s, which can be exchanged into different currencies through its Battle Swap platform.
The platforms will host a IBAT Premier League, which it claims to be the largest gaming platform integrated with metaverse, connecting players around the world and competing them against each other.
Ripple:
Ripple is a cross-border payment network, based on blockchain to overcome the challenges of high transaction fees, Slow speed and centralized network. Ripple already has major financial institutions and banks around the world as their customers, and provides a decentralized network connecting them.
It targets the traditional SWIFT system for foreign payments and remittances.
XRP serves as the token currency for Ripple network, needed for inter-currency exchanges.
Dr. Naveen Singh is an entrepreneur with achievements in sports, academics, healthcare, innovation, blockchain technology, telecommunications, and philanthropy. He is the Co-Founder and Chief Executive Officer (CEO) of Inery, the first layer-1 blockchain programmed for database management. With Inery, he aligns with his vision of a new paradigm for data to empower web3 and complete decentralization.