The crypto world encompasses a myriad of tokens designed to introduce elements of blockchain and crypto technologies to legacy systems. As such, the purposes of a majority of these tokens is to eliminate third-parties, override cumbersome processes, establish transparency, and, in some cases, enable decentralized governance. Regardless of the intentions of developers, creating a unique and viable token entails the combination of technical ingenuity and problems solving skills. If the token does not provide efficient means of tackling recurring issues, the chances that it will have a successful streak in the crypto market are low.

For this reason, we have compiled a list of tokens with unique use cases and the potential of leading the next phase of crypto growth.

Sensorium (SENSO)

There is always the possibility of chasing new narratives when utilizing new-age technologies to improve the way we live or do business. And since Sensorium Galaxy is the culmination of the innovative combination of AI, VR, neural interface, and crypto technology, the possibilities are endless. The project embodies some of Elon Musk’s vision for a future where humans are neurally connected to machines to improve user experience and deliver optimal output. However, in the case of Sensorium Galaxy, the stakes are higher. Here, users get to create digital identities and partake in a hyper-real virtual construct designed to improve social networking. The platform allows users to own avatars with deep learning capabilities. Hence, all avatars eventually take up the personalities of their owners.

By enabling a virtual universe where users can safely conduct meetings or partake in social gatherings, this project can key into the growing demand for products facilitating innovative ways to reduce the spread of coronavirus. This assertion is evident in the performance of the Sensorium token (SENSO), functioning as a vital piece in the economy of Sensorium Galaxy’s virtual universe. In just over a month, Sensorium has generated around 100% ROI. This instant success is partly because reputable crypto exchanges have begun to feature Sensorium, with Bitcoin.com emerging as the latest in the growing list of trading platforms supporting the token.

Compound (COMP)

There is a lot of buzz surrounding the creation and distribution of the COMP token, such that its market cap has surpassed the $2 billion mark surpassing Maker as the most valuable digital asset in the DeFi market. Although some remain skeptical about the long-term performance of the newly distributed token, there are, however, good reasons to believe that it will do just fine. For one, the COMP token presents new paradigms in the DeFi market. As highlighted by Messari.io, it is “DeFi’s best case study of progressive decentralization to date.”

In other words, the fact that Compound (the company) has strategically relinquished control of its platform to users by creating a governance token provides an ideal template for other DeFi-based projects to increase the potency of decentralization in their ecosystem. As for the Compound’s governance token, it allows holders to propose and implement both minor and major changes on the platform, which include adding to the number of assets the protocol supports.

Verus (VRSC)

Verus offers Public blockchain as a service by combining different elements of blockchain mechanism to create an ecosystem insusceptible to 51% attacks. The network introduced a unique consensus algorithm, named Proof of Power (PoP), which partly functions like the Proof of Work and Proof of Stake algorithms. Thus, the platform utilizes a combination of mining and staking to protect the integrity of its blockchain. Also, it incorporates privacy features and offers self-sovereign identities.

Likewise, it uses VeruHash.2.0, which acts as a quantum-resistant hash algorithm to bridge the performance gap between the various models of mining hardware available today. Due to the uniqueness of this project, it comes as no surprise that the Verus token has taken off impressively. Data from Coinmarketcap indicate a 60% ROI in just over a week of tracking its performance on exchanges. In light of this, this token is worth researching.

Lukso (LYXE)

According to Lukso’s website, it is a platform “dedicated to the new digital lifestyle, focused on bringing blockchain to the masses, through its smart contract-based Blockchain, industry involving standards processes and an innovative new direction of decentralized applications.” It prides itself as a credible and unique solution where participants of the gaming, fashion, design, and social media worlds can safely converge. It allows developers and creators to determine the wealth and influence distribution of their products by offering public profiles and digital identities.

As for its token, Lukso has designed it as the ultimate incentive for participants to engage with the blockchain’s inclusive and active digital communities and also access digital products. The focus on lifestyle, gaming, and other integral aspects of our social lives has propelled the token to record an instant uptrend following its inclusion on the list of coins supported on some exchanges.

Polkadot (DOT)

Unlike other projects and tokens listed in this article, Polkadot has neither launched nor is the token accessible for trade. However, there is no doubt that the project, slated to become available later this year, is one of the most anticipated crypto blockchain platforms in recent years. The reason is that it promises an array of functionalities that challenge the status quo and enable improved blockchain capacity. Having been in development since 2017, Polkadot’s impressive team of experts claim that the project provides a significant boost to interoperability and scalability, which are currently the bane of blockchain technology.

Even more impressive is the fact that Polkadot goes beyond asset interoperability to enable cross-chain computing. As such, it is not only assets that users and developers will be able to swap. They will also have access to data swapping features. If all goes to plan, the DOT token will certainly record impressive price movements once it becomes available on exchanges. And so, it is advisable to have this project on your radar.