The field of artificial intelligence (AI) has made great strides over the past few years and permeated various industries, from education to decentralized finance (DeFi).
There are numerous AI-based projects that are either in the works or already live. Many of these are powered by crypto AI tokens, several of which are considered among the best crypto to invest in right now because of their potential for growth and use cases.
In this article, we look at five of the top crypto coins powered by AI and the projects they serve.
1. Borroe.Finance ($ROE)
Borroe.Finance ($ROE) is one of the top DeFi projects in the market today. It’s a decentralized, AI-driven platform that supports the growth of Web3 businesses, particularly those with recurring income, through its innovative crowdfunding model.
Businesses can raise funds by minting non-fungible tokens (NFTs) that represent outstanding invoices and future income streams, examples of which are royalties, subscriptions, and accounts receivables.
These NFTs are fractionalized and listed at a discount on the Borroe.Finance ($ROE) marketplace. Users can choose what NFTs to buy based on their risk appetite and preferences, and complete the purchase using the platform’s native $ROE token.
$ROE is a governance token that bestows limited voting rights to its holders, empowering them to participate in the project’s decision-making process.
Aside from enabling access to the marketplace, $ROE provides its holders with a number of benefits, including discounted fees, priority support, notification of new offerings, and various rewards. It’s also a deflationary token that can potentially increase in value over time, making it a good crypto to buy for investors looking for long-term growth.
2. The Graph ($GRT)
Founded in 2018, The Graph is a decentralized protocol that allows for the efficient querying and indexing of data, similar to what services like Google provide. Aside from its use as a developer tool for improving the performance of decentralized applications (dApps), this software’s other selling point is its open-source nature that promotes transparency and collaboration.
The platform supports numerous blockchains, such as Ethereum, Solana, and Avalanche, and it’s one of the best cryptocurrency projects that use AI to power their network.
The Graph’s native currency is $GRT. This can be used to pay for services within the protocol, as well as for staking to earn passive income. $GRT tops the list of crypto AI tokens when it comes to market cap.
3. Injective Protocol ($INJ)
Injective Protocol is a decentralized exchange (DEX) with cross-chain capabilities, which means users can access and trade top crypto coins across different blockchain platforms seamlessly.
Built on Cosmos, Injective distinguishes itself from other exchanges by subscribing to the order book model rather than making use of an automated market maker (AMM) for liquidity management. This results in a more efficient and user-friendly DEX that supports a wide range of top altcoins and other digital assets.
Injective’s native AI token, $INJ, is used to pay fees, as well as secure the blockchain through staking. It’s also a governance token that allows holders to influence the direction and development of the platform.
4. Fetch.ai ($FET)
Fetch.ai is one of the select projects launched on the Binance Launchpad in 2019. It combines blockchain technology, machine learning, and AI to develop a decentralized platform. This allows users to utilize autonomous economic agents (AEAs) to automate processes and execute transactions on the web.
AEAs act based on programmed instructions and real-time data to achieve set objectives without human intervention. The goal of Fetch.ai is to create a decentralized digital economy where AEAs can interact seamlessly, resulting in a more efficient ecosystem that doesn’t rely on centralized entities for decision making.
$FET is a utility and governance token native to the Fetch.ai platform that primarily serves as a means of payment for services within the network. Like many other top altcoins or tokens, it can also be used for staking, providing holders with passive income through interest earned.
5. Ocean Protocol ($OCEAN)
An open-source project built on the Ethereum blockchain, Ocean Protocol was founded in 2017 to address the need for a platform that enables the secure and transparent exchange of data. It allows users – composed of individuals and organizations alike – to publish and share data while maintaining control over their privacy, ownership, and usage. Interested users can access, purchase, and trade data assets from the Ocean network’s marketplace using its native token, $OCEAN.
$OCEAN tokens are ERC20 coins that serve as the medium of exchange within the Ocean Protocol ecosystem. Holders can also stake these to curate data and earn rewards.
Conclusion
AI tokens are unique in that they’re developed specifically for use in AI systems. They’re typically native to their respective platforms or the blockchain ecosystem within which they operate, which means their use may be limited to a specific project.
There are numerous promising crypto AI tokens in the market that are worth considering on the basis of their utility, tokenomics, and real-world use cases. These include $ROE, $GRT, $INJ, $FET, and $OCEAN.
Among these, Borroe.Finance ($ROE) stands out not only due to its unique value proposition but also because it’s still in the presale stage, which means you can invest in it at a low price for higher gains in the future.
Borroe.Finance makes it easier for businesses to access the capital they need by presenting an alternative to traditional financing methods. It also makes investing in these businesses more accessible. Blockchain and AI enthusiasts who are thinking of which crypto to buy today for long-term growth should consider adding $ROE to their portfolio.
Learn more about Borroe.Finance ($ROE) here:
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