Mushe Token（XMU）, Helium（HNT）, and Theta Network（THETA）: 3 Coins To Look Out For In 2022

2022-07-21, 04:16

[TL; DR]

The Mushe Token is a DeFi protocol that enables peer-to-peer interactions, administration, and incentives.

Mushe token is being deployed on the Ethereum blockchain and might migrate to a more scalable network.

Mushe developer and Constellation Network are partnering to launch a protocol compatible with multiple blockchains.

The presale of Mushe started on April 18th and will begin public sale on the 4th of July, 2022.

Helium Network is a newbie blockchain protocol that uses the Proof of Coverage (PoC) mechanism.

Helium uses radio waves to verify that hotspots provide devices with wireless coverage.

Helium network uses hotspot nodes to connect wireless devices to the network.

It merges the features of the Internet of Things blockchain technology.

Theta Network is a decentralized video streaming platform leveraging blockchain technology.

Theta network has the THETA token that serves as the governance mechanism and allows token holders to execute tasks.

Theta is regarded as the blockchain version of Twitch and YouTube.

Keywords: Mushe, Helium, Theta, protocol, Decentralized finance, blockchain, crypto, network.

[Full Article]

As of 2022, there are reported to be about 18,000 cryptocurrencies on the blockchain. The number keeps increasing due to the increase in crypto investors and holders.

The over 106 million investors, holders, and enthusiasts of cryptocurrency continue to find delight in an array of blockchain protocols with different use cases. Nowadays, the newbies in the crypto market have advanced use cases. Asides from their investment pool, they expose the crypto enthusiasts to financial management and gains of digital assets, among other solutions, they promise their holders.

Some of the newbie coins are worthy of our attention, and in this article, we shall exert our spotlight on them. They are the Mushe token (XMU), Helium (HNT), and Theta Network (THETA).

The Mushe Token (XMU)

Image: Crypto News

The Mushe token is a decentralized finance (DeFi) protocol cum cryptocurrency token that enables peer-to-peer interactions, administration, and incentives.

The token comes with smart features such as ease of usage, affordability, and compatibility with multiple blockchain platforms. Mushe token I am currently being deployed on Ethereum blockchain and will migrate to a more scalable network in the future.

The partnership between Mushe’s developer and Constellation Network is set to the birth of a protocol that will be compatible with any blockchain and is expected to present improved transactions on the blockchain.

The Presale of the Mushe Token (XMU) started on April 18th, 2022, and will go public on the 4th of July, 2022.

Mushe token is a utility cryptocurrency. Owners of the Mushe token (XMU) will have voting rights and be able to vote on important issues that impact network advancement. The decentralized protocol allows stakeholders to enter the token draw and stand a chance to win cash and other prizes.

According to the developer, the Mushe token brings a competitive advantage over the blockchain's existing crypto tokens and DeFi protocols. It will offer faster transactions and more exciting and secure experiences for investors, and the comprehensive transaction offerings come with lower prices.

There are expectations that Mushe token holders and traders will experience a significantly higher opportunity to earn a higher return on investment. A higher return on investment translates to financial dependence for users of the Mushe protocol.

When the Mushe token goes public, it aims to unite fiat and digital assets by serving as the Mushe world foundation.

This feature will facilitate the growth of fiat and virtual currency. Since the presale started at $0.005, the value consistently increased and is expected to rise higher when it becomes publicly available in July 2022.

Helium Network (HNT)

Image: Katoch Tubes

Helium network is a newbie blockchain protocol that uses the Proof of Coverage (PoC) mechanism. This blockchain protocol uses mining to create new blocks and rewards miners in the native token, the Helium token (HNT). Helium uses radio waves to verify that hotspots provide wireless coverage of devices.

Helium has a similar mechanism to Ethereum. Ethereum uses graphic cards to compute cryptographic hash codes and validate transactions; Helium miners use WiFi hotspots and interrogate the WiFi hotspots about the activity using radio waves. Users can generate revenue by running Helium hotspot.

Helium brings advanced technology to the blockchain network by using hotspot nodes to connect wireless devices to the network. Helium has the HNT native token that powers the network. Whenever the hotspot connection carries data over the network, the HNT token is paid out.

Helium is gathering buzz and attention from various crypto and technology enthusiasts because it integrates the Internet of Things (IoT). The blockchain network provides affordable internet access, broader bandwidth coverage, and a 5G network connectivity.

Hotspots are the fundamental pillars of the Helium protocol. They provide connectivity for the IoT devices and act as nodes that allow IoT devices to send and receive data. The hotspots also secure the Helium network.

Theta Network (THETA)

Image: Cryptoholics

Theta is a decentralized video streaming platform leveraging blockchain technology. Theta was founded in 2017 by Mitch Liu to allow its users to share bandwidth and other resources virtually by using peer-to-peer networks.

In 2017, Theta held a private token sale. They sold 30% of the 1 billion unit supply of the THETA cryptocurrency and raised about $20 million from the private token sales.

The native token of the Theta protocol is THETA. It serves as a governance mechanism and allows community members or holders of the token to execute various tasks.

Theta network is a newbie protocol based on its own specifically constructed blockchain. Users of the Theta network can freely generate their material without the risk of it being taken down by censorship-heavy platforms.

The supposed rival to YouTube and Twitch seeks to incentivize a global network of computers to operate a decentralized video streaming platform. The users of the Theta network spread across the globe can relay videos by offering their spare bandwidth and computing resources and rewards these users.

The Theta Network boasts two different native tokens, and they are the THETA coin for voting on changes to the protocol and the TFUEL for executing transactions.

Theta is a decentralized video streaming platform that enjoins more users to join the network. As more users join the Theta network, more bandwidths are available, thereby improving the streaming quality of videos on the network.

Theta network is open-sourced, allowing developers to build decentralized protocols on it. Developers can build royalty distribution applications and crowdfunding mechanisms on the Theta network.

Theta uses the Proof of Stake mechanism. However, Theta’s PoS mechanism is advanced because it deploys validator and guardian nodes to provide an extra level of security to the protocol.

Conclusion

The Mushe, Helium, and Theta networks are blockchain protocols with different use cases. However, they all have a similar thing: decentralized newbie protocols with smart features and technological advancements.

For every wise investor in 2022, these three blockchain projects should top your investment list as they are taking over old projects and will surpass them.

Author: Valentine. A, Gate.io Researcher

This article represents only the researcher's views and does not constitute investment suggestions.

Gate.io reserves all rights to this article. Reposting of the article will be permitted, provided Gate.io is referenced. In all cases, legal action will be taken due to copyright infringement.