This week’s choices are set to benefit from significant announcements that include a mainnet launch, platform integration, and a coin burn. As the market begins to stabilize, these developments should help the projects to develop their communities and strengthen their market positions, in addition to stimulating user attention and possible adoption.

Zilliqa (ZIL)

Zilliqa is a high-throughput public blockchain platform that is designed to scale and incorporates a sharding technology that allows users to develop smart contracts and dApps directly on their platform. The project is seen as one of the most likely to solve the scaling issues that plague most blockchains, and makes use of a novel consensus protocol that increases transaction rates as the network expands with more transactions per second being processed as more mining nodes join the network.

Why Zilliqa?

The team have a partnership with MaiCoin called Hg Exchange which provides a hub for token issuers, buyers, sellers and market makers. The exchange has signed a memorandum of intent with Phillip Securities, PrimePartners, RHT Capital and Fundnel, and provide access to privately held shares and security tokens. They have also announced their mainnet will launch on January 31 and their plans for Guard nodes, as well as Lookup and Seed nodes.

Huobi Token (HT)

Huobi is one of the world’s leading cryptocurrency exchanges, and is often in the top 5 with regards to its daily crypto trading volume. Huobi Token is a token issued by the exchange and acts as the native currency used across the platform. The token provides a variety of benefits to the users of the exchange, including discounts, voting rights, and access to exclusive events.

Why Huobi Token?

Huobi launched its Derivatives Market in December, and traders can purchase Bitcoin, Ethereum, and EOS futures contracts. Litecoin contracts were added to the platform just days ago, and the exchange has revealed they are close to adding XRP futures to their derivatives platform. The exchange is available worldwide and has proved to be popular with institutional clients as roughly $10bn worth of trades have already been processed since the start of the new year. Similar to Binance, Huobi continues to grow in a way that brings value to the entire project and the HT token.

nOS (NOS)

The nOS project is a virtual operating system that aims to introduce a decentralized internet which keeps user data completely safe. The ecosystem includes the nOS client web browser, a dApp gateway, a crypto wallet, and a crypto exchange with the NEP-5 NOS token acting as the central medium of exchange across the network.

Why nOS?

The team have announced their token release and token burn plans with both set to take place on January 28. The team state that:

22,500,000 NOS will unlock for Private Sale participants

37,593,504.50 NOS will unlock for the Company Reserve

37,219,486.50 NOS will be burned virtually immediately from the Company Reserve.

The total supply will become 80,000,000 NOS (approximately 32% lower than projected).

The token unlock time is the first block on the NEO Mainnet after Monday, January 28, 2019 10:56:52 PM GMT.

The decline in total supply should lead to the NOS token benefiting from the natural increase in scarcity as the team look to improve their tokenomics.

How did the coins perform last week?

Despite only hitting the market in mid January, BEAM is currently riding a wave of positive sentiment and grew by 110% and is currently trading at around $1.53. Surprisingly, this level of performance was outdone by GRIN which managed to grow by 220% and is currently trading at $12.50. As a result, the two Mimblewimble coins were amongst the week’s top performers. NAS also proved to be resilient and grew by 5% and is currently trading at $0.57. The market generally moved sideways over the week, and the total cap moved from around $119B on Monday to close to $118B on Sunday.