7 Must-Have Real World Assets (RWA) Cryptos

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Bittime - Blockchain offers not only digital currencies, but also Real World Asset (RWA) or real-world assets that can be represented by tokens. Real World Assets are assets that have a physical existence and economic value, such as property, gold, stocks, or oil.

By tokenizing Real World Assets, users can gain benefits from blockchain, such as transparency, efficiency, and financial inclusion. In this article, we will discuss 7 cryptocurrencies that represent real-world assets and why they are worth owning. We will also look at the latest developments and future prospects of each project.

1. Chainlink (LINK)

Chainlink is a Web 3.0 project that aims to connect real-world data with smart contracts on the blockchain. Chainlink uses Oracle technology, which is software that can take data from external sources and relay it to the blockchain. This data can be asset prices, weather, sports results, or anything else required by a smart contract.

Chainlink already works with many blockchain projects, such as Aave, Synthetix, Polkadot, and others. The LINK token is Chainlink's native token, which is used to pay network fees and incentivize data providers. The LINK token is currently ranked 10th on CoinMarketCap's list, with a market cap of around $9.8 billion.

2. Bitcoin Minetrix (BTCMTX)

Bitcoin Minetrix is a new project that combines the concepts of staking and mining. By staking BTCMTX tokens, users can earn credits that can be exchanged for hash rate or Bitcoin mining power. Thus, users can enjoy the rewards of Bitcoin mining without the need to incur costs for hardware, electricity, or maintenance.

The project has just launched a BTCMTX token pre-sale in January 2024, with a target of raising $10 million. To date, more than $2.3 million has been raised from investors. The current token price is still discounted, which is $0.0112 per token. The pre-sale will end on February 28, 2024, or when the target is reached.

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3. Maker (MKR)

Maker is one of the oldest and largest projects in the DeFi (decentralized finance) ecosystem. Maker allows users to borrow money by using assets as collateral. These assets can be crypto, such as ETH or BAT, or real-world assets, such as gold, property, or stocks.

Real-world assets are tokenized through special protocols, such as Centrifuge or Tinlake, which can then be used as collateral in Maker. Thus, users can get access to cheaper, faster, and transparent financial services on the blockchain.

The MKR token is the native token of Maker, which is used to manage and govern the platform. MKR tokens also have voting rights in the Maker governance process. The MKR token is currently ranked 30th on CoinMarketCap's list, with a market cap of around $1.8 billion.

4. Internet Computer (ICP)

Internet Computer is an ambitious project that wants to revolutionize the internet by removing dependence on big companies like Google, Facebook, or Amazon. The Internet Computer is a decentralized computer network that can run any software, from web applications to social media, without the need for servers, clouds, or firewalls.

Internet Computer menggunakan teknologi inovatif, seperti chain key, non-interactive distributed key generation, dan network nervous system, untuk menciptakan internet yang terbuka, bebas, dan adil untuk semua orang. Internet Computer juga mendukung kontrak pintar dan komputasi terdistribusi, yang dapat meningkatkan efisiensi dan skalabilitas aplikasi.

Internet Computer just launched its mainnet in May 2021, after five years of development. The ICP token is the native token of Internet Computers, which is used to manage and govern the network. The ICP token is currently ranked 9th on CoinMarketCap's list, with a market cap of around $14.6 billion.

5. Polymesh (POLYX)

Polymesh is a layer 1 blockchain designed specifically for regulated financial assets, such as stocks, bonds, or mutual funds. Polymesh allows users to tokenize financial assets and use them in the DeFi ecosystem. Polymesh also offers features that comply with regulatory standards, such as identity, compliance, auditing, and governance.

Polymesh was developed by Polymath, one of the pioneers in the field of security tokens. Polymesh aims to overcome the challenges and barriers faced by security tokens on other blockchains, such as Ethereum. Polymesh also wants to expand access and liquidity of regulated financial assets.

Polymesh just launched its mainnet in June 2021, after two years of development. The POLYX token is Polymesh's native token, which is used to manage and govern the network.

6. TrueFi (TRU)

TrueFi is an unsecured lending platform that connects traditional lenders with DeFi investors. TrueFi allows lenders to upload their loan books to the platform, which investors can then borrow with competitive returns. TrueFi uses intelligent credit algorithms to assess loan risk and pricing.

TrueFi offers a win-win solution for all parties involved. Lenders can reduce their credit risk by selling some of their loans to DeFi investors. Investors can earn passive returns by investing in quality loans. Borrowers can get access to cheaper and faster capital.

TrueFi is backed by several leading companies and investors, such as Aave, BlockTower, Alameda Research, and others. The TRU token is the native token of TrueFi, which is used to manage and govern the platform. TRU tokens also provide voting rights and rewards to their holders.

7. Synthetix (SNX)

Synthetix is a platform that allows users to create and trade synthetic assets, i.e. tokens that track the price of other assets. Synthetic assets can be crypto, such as BTC or ETH, or real-world assets, such as gold, oil, or fiat currencies.

Synthetic assets are created using SNX tokens as collateral. SNX tokens are also used to incentivize liquidity providers and stakers. By using synthetic assets, users can gain exposure to various assets without the need to own those assets directly.

Synthetix currently has over $2 billion in assets locked on its platform. The SNX token is currently ranked 24th on CoinMarketCap's list, with a market cap of around $2.3 billion.

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How to Buy Crypto on Bittime

You can buy and sell crypto assets in an easy and secure way through Bittime. Bittime is one of the best crypto applications in Indonesia that has been officially registered by Bappebti.

To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. In addition, also make sure that you have enough balance by depositing some funds into the wallet. For your information, the minimum asset purchase at Bittime is Rp10,000. After that, then you can make a crypto asset purchase in the application. Learn the Complete Guide on How to Buy Crypto on Bittime.

Monitor the price chart movements of Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and other cryptos to find out today's crypto market trends in real-time on Bittime.

Also Read:

Types and List of Best Real World Assets Crypto

What Are Real World Assets (RWA), and What Does It Do in DeFi?

What is LTO Network (LTO)? Layer 1 for Real World Assets &; Privacy

DISCLAIMER: This article is informational in nature and does not constitute an offer or solicitation to sell and buy any crypto asset. Trading crypto assets is a high-risk activity. Crypto asset prices are volatile, where prices may change significantly from time to time and Bittime is not responsible for fluctuations in crypto asset exchange rates.