Launching a native crypto token is challenging, doing so on a standalone blockchain is even harder, but allowing others onto a blockchain to issue their own assets is a task only a few can manage. In today’s article, we’ll discover the top standalone blockchains and their native cryptocurrencies that are robust and well-designed enough to host entire sub-token systems and allow crypto asset issuance in 2022.
New crypto token minting is one of the most powerful and popular features within the industry, but why is it important to know which blockchains support such activity? The answer lies in the liquidity and exposure these launches bring to blockchains and their native assets. For instance, the newly launched asset will need a certain liquidity and a trading pair to begin its life. In most cases, the chosen trading pair for the new token is the native cryptocurrency of the host blockchain, which not only has the potential to increase demand for the token, but also to attract new users to the ecosystem. All this can have a continuous, positive push on the host blockchain’s token valuation, which can result in price increase.
As a side note, fungible token launching refers to newly issued, conventional crypto tokens. The opposite of fungible tokens, such as ETH, ALGO, or FTM, are non-fungible tokens (NFT), which are not the topic of this article.
With all that considered, let’s take a look at the top blockchains that theoretically support crypto token issuance in 2022.
The first name on our list will come as no surprise to most. Ethereum is, by far, the most popular blockchain network that allows virtually anyone to launch and mint their very own crypto assets. In Ethereum’s case, newly launched tokens should comply with one of its token standards, among which ERC-20 is the most popular.
Fantom (FTM) is a smart contract-based platform with similar capabilities to Ethereum. It is a lesser known and adopted alternative, however, it has all it takes to support crypto asset issuance on its own blockchain. Fantom is, in fact, so close to Ethereum that almost all Ethereum DApps are compatible with it 1:1.
Algorand (ALGO) is another, decentralized blockchain-based ecosystem that supports fungible token issuance, albeit this is not its most used feature. What makes Algorand stand out is its impressive processing power, speed, and low fees, which make Ethereum’s similar figures seem extremely incompetent.
While looking at individual tokens, investors often forget that 90% of all crypto assets are not using their own blockchain but are rather hosted by another ecosystem. These networks often don’t get as high exposure as their token launches, however, with the right knowledge, investors can take advantage of the indirect effects such activities have on these robust networks, such as Ethereum, Fantom, and Algorand.
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