As teams continue to build, January represents a good time for teams to display their commitment to ongoing development and try to gain a competitive advantage over other projects. This week’s projects are once again implementing a number of upgrades and project developments that should result in an increased amount of attention, user sentiment, and bring more value to their internal economies.

Binance Coin (BNB)

Binance Coin is a token used by the Binance exchange, and it enables customers to enjoy reduced fees when trading via BNB. In addition, it can be used to pay for exchange, withdrawal and listing fees, and for the first year, there was a 50% discount rate on trading fees, which dropped to 25% in the second year, and halves again in each of the subsequent two years.

Why Binance Coin?

Binance is one of the major players in the industry, and BNB continues to be a valued token as a result. The exchange continues to expand into new areas and is building its presence in both Malta and Uganda and has begun to offer fiat to crypto trading options. The team are also set to complete a token burn around January 15, which should help their native BNB token to retain its value.

Waltonchain (WTC)

Waltonchain is a blockchain architecture that’s been designed for the coming Internet of Things (IoT) age. Waltonchain uses RFID technology and aims is to eradicate retail counterfeiting. After proving the concept by successfully operating in the men’s clothing company industry, the team aim to branch out into areas and are in talks with other clothing companies to roll out their RFID-based technology.

Why Waltonchain?

The team are scheduled to conduct a mainnet update this week and also perform a series of tests as they continue to upgrade their platform over Q1. The update is set to take place on January 18, and precedes further testing to be conducted by Walton Knights and Masternode operators, as well as members of the wider community. The team also plan to make their code fully open source in addition to finalizing their mainnet token swap before Q1 ends.

Odyssey (OCN)

The team behind the project aim to build a next generation decentralized sharing economy that facilitates peer to peer trading. The platform aims to establish a one credit, trust based protocol that utilizes smart contracts in order to help reduce operating costs, and increase the productivity and overall efficiency of a variety of service providers.

Why Odyssey?

The team set to buyback a next batch of OCN tokens with the next OCN buyback round being performed using revenue from Q4 2018. The process should take place around January 20, and the team have tweeted their confirmation of the event. Similar to a token burn, the buyback should help the OCN token to retain some of its value during the continuing bear market.

How did the coins perform last week?

The end of week slump had a negative effect on last week’s coins, and ETH fell by 18% and is currently trading at around $126. WAVES declined by a similar amount and lost 16% in value, and is currently trading at $2.57. DGTX proved to be one of the week’s strongest performers and grew by around 10% in value, and is currently trading at $0.04. Over the course of the week, the total cap fell drastically and moved from around $135B on Monday to $122B on Sunday.