UTILITY TOKENS

1. Cyclone protocol is a decentralized privacy solution designed to

provide anonymous transactions on the Blockchain . Cyclone protocol
aims to enhance privacy by obfuscating transaction details . It uses a
combination of cryptographic techniques to ensure that transaction
history and amounts are not easily traceable.

2. Snowswap is a new type of utility token that as been designed to serve

three (3) purposes .

- Long term farmers

- Liquidity providers

- Stakers .

Of all transaction fees, 60% goes to the holders of these tokens.

Snowswap supports wrapped token swaps for numerous Defi projects

including Harvest finance, Yearn, ANKR, and CREAM. Initially, the focus was
stablecoins but has since expanded to include wrapped bitcoin and ethereum
2.0 staking tokens as well

It has a market cap of $155,040.94.

3. Arbitrum is a layer-2 scaling solution for Ethereum designed to

improve transaction speed and reduce costs. Its native token, ARB,
is used for governance and protocol participation. If you’re
considering investing in or using Arbitrum, it’s crucial to research its
technology, use cases, and current market conditions.

4. Aave token is the native cryptocurrency of the Aave protocol , a

decentralized lending and borrowing platform built on the Ethereum
Blockchain. Aave is valued for its technical capability, utility, and
features. However, the value of Aave is also defined by its supply,
which is limited to 16 million AAVE. The Aave system uses the
money paid in fees to buy AAVE and remove it from the circulating
supply. That way, Aave is burned and the supply is gradually
 reduced. Around 80% of fees are used for this process and the
remaining 20% are used to incentivize lenders in the system.

5.Chainlink is a decentralized oracle network. The external data providers

that share the work on the network are what are dubbed “oracles”. These
oracles allow Chainlink smart contracts to receive accurate data from
external (non-blockchain) sources, such as any kind of API and some other
types of external data feeds. LINK is an ERC-20 token that’s used to pay for
and ensure the accuracy of this oracle service on the Chainlink network.

Chainlink takes the capabilities of smart contracts to the next level, by

enabling access to real-world data, events, payments, and more without
sacrificing the security and reliability that are inherent to blockchain
technology.

It has a circulating supply of 608,099,971 LINK

6. Uniswap is based on the Ethereum Blockchain . Initially, it was not

launched with a native governance token. In September 2020, it’s
governance token, UNI was launched and was a significant event in the
defi space . The UNI token’s launch marked a shift towards
decentralized governance for Uniswap , aligning with the broader trend
in the DeFi space towards community – driven development and
decision making

7. Polygon (formerly known as Matic Network) has an interesting history.

Here’s a summary of the key events:

1. **Initial Launch**: Matic Network was founded in 2017 by Jaynti

Kanani, Sandeep Nailwal, and Anurag Arjun. It launched its mainnet in
June 2020. The MATIC token was initially used for staking and
governance within the Matic Network.

2. **Rebranding to Polygon**: In February 2021, Matic Network rebranded

to Polygon. The rebranding aimed to reflect its expanded role as a
 multi-chain scaling solution for Ethereum, encompassing not just the
original Matic sidechain but also other layer-2 solutions and chains.

3. **Token Role**: The MATIC token continues to be used for staking and
governance within the Polygon ecosystem. It is also used to pay for
transaction fees on the Polygon network

*MEMECOINS* -- DOGECOIN

Dogecoin is an open-source digital currency. It was created by Billy Markus

and Jackson Palmer in December 2013. Dogecoin is a cryptocurrency that
began as a joke but has grown into a widely recognized digital currency. The
coin’s name and logo are derived from the “Doge” meme , which features
include a Shiba Inu dog and a multicolored sans text. It has a marketcap of
$19,045,705,656.

Pepe is a cryptocurrency inspired by the internet meme “Pepe the frog”. It

was created in 2016 by an anonymous developer. Pepe coin has a strong
connection to meme culture and is often used and traded by enthusiasts who
appreciate the humor and irony of internet memes. It has a market cap of
$12,986,986,602.

FLOKI COIN is a cryptocurrency inspired by meme culture and named after

Elon musk’s dog, FLOKI .

It was created In June 2021 by an anonymous team of developers. The coin

was inspired by a tweet from Elon Musk in which he mentioned naming his
Shiba Inu dog “Floki”. It was built on Ethereum but also has a version in
Binance Smart Chain.

It has a market cap of

$1,504,636,364
Dogecoin stands out because of

- Early Adoption: It is one of the earliest memecoins giving it a longer history

and more established presence in the crypto market compared to newer
memecoins.

- Community and popularity: Dogecoin has a strong, active and enthusiastic

community. It’s popularity has gone far beyond expectations.

Other factors are market capitalization, development and support.

PEPE stands out because of it decentralized and Community-driven system,

it’s positive effect on the meme culture. It also has a low market cap which
can attract investors looking for higher risk and potentially higher results.

FLOKI stands out because of its branding and marketing (Being endorsed by
a public figure, Elon Musk). It has a vibrant and active community

DOGECOIN is a cryptocurrency that began as a joke but has grown into a

widely recognized digital currency.

The primary purposes of Dogecoin, particularly as conceived by its creators,

include:

- Accessibility and Inclusivity

- Community Building

- Experimentation and fun

DOGECOIN’S FUTURE VISION

-Enhanced Utility:

- Community-Driven Initiatives

- Mainstream Adoption
KEY FEATURES OF THE DOGECOIN

- Meme-Inspired Branding

- Fast Transaction Times

- Large Supply

- Open-Source and active development

WHAT THE DOGECOIN LACKS

- Scalability solutions

- Advanced smart contract capabilities

- Governance mechanism

APPROACH TO MESSAGING THE DEV. OF DOGECOIN

- Identify the Right Contact

- Use Official Channels, Twitter, telegram, Reddit or LinkedIn

- Be clear and concise. Tell the Dev. What you have to offer to the project.
Past projects you’ve worked with and your credentials.

Key Achievement of Dogecoin

- First Major Fundraising Event (2014): The Dogecoin community raised funds
to support the Jamaican bobsled team for the 2014 Winter Olympics,
showcasing the community’s philanthropic spirit.

- Inclusion in Cryptocurrency Indexes (2022): Dogecoin was included in

various cryptocurrency indexes and investment products, reflecting its
growing mainstream acceptance and importance in the market

- it’s historic launch

Key Milestones of Pepe meme coin

- It’s launch

- It’s listing on different exchanges

- Increased media attention and Community driven development and

initiatives.

The future Visions of the Pepe meme coin is dynamic and not common for a
meme coin.

- Increased utility

- Community expansion

- Ecosystem development

APPROACH TO MESSAGING THE DEV. OF PEPE

- Identify the Right Contact

- Use Official Channels, Twitter, telegram, Reddit or LinkedIn

- Be clear and concise. Tell the Dev. What you have to offer to the project.
Past projects you’ve worked with and your credentials

The Roadmap of the FLOKI COIN includes

- Educational initiative

- Regulatory compliance

- Marketing and branding

- Community development

FOR UTILITY TOKENS

Cyclone Protocol stands out in its niche primarily due to its focus on
providing enhanced privacy and security for decentralized finance (DeFi)
transactions.Cyclone Protocol uses zkSNARKs (Zero-Knowledge Succinct Non-
Interactive Arguments of Knowledge) to ensure transaction privacy.

The protocol is designed to be fully decentralized, with governance and

development driven by its community.

KEY FEATURES

- Privacy Preservation

- Decentralized Mixing Service

- Non-Custodial Approach

WHAT CYCLONE PROTOCOL LACKS

- User Experience and Accessibility

- Integration and Compatibility

- Regulatory Compliance

Snowswap stands out in the decentralized finance (DeFi) ecosystem due to

its focus on optimizing stablecoin and yield-bearing token swaps.

Here are the key features that distinguish Snowswap:

- Efficient Swaps

- Yield Optimization

- User-Friendly Interface

- Security

KEY FEATURES

- Stablecoin Swaps

- StableSwap Mechanism

- Liquidity Pools
WHAT SNOWSWAP IS LACKING

- Limited Asset Variety

- User Experience:

- Cross-Chain Compatibility

- Liquidity Concerns

Arbitrum stands out in the blockchain and decentralized finance (DeFi) space
due to its low transaction fees, speed of transaction per second , it is also
compatible with Ethereum meaning that any Ethereum smart contract can
run on Arbitrum without modification.

KEY FEATURES

- Optimistic Rollups

- High Throughput

- Compatibility with Ethereum

WHAT IS ARBITRUM LACKING?

- Complexity of Rollups

- Challenge Period Delays

- Compatibility with All dApps

Aave is distinguished from other utility tokens because it has a wide range of
assets. Aave supports a broad array of cryptocurrencies for lending and
borrowing, including various stablecoins, major cryptocurrencies, and even
some more niche assets.

Cross-Chain Support: Aave is expanding to multiple blockchain networks,

including Ethereum and Polygon, enhancing its interoperability and
accessibility. This cross-chain support allows users to take advantage of
Aave’s services on different platform

KEY FEATURES OF AAVE

- Flash Loans

- Variable and Stable Interest Rates

- Collateral Management

WHAT IS AAVE LACKING?

- Complexity for New User

- High Fees on Certain Networks

- Limited Asset Types

Chain link stands out from it’s peers because of its

- Wide Range of Data Sources

-Interoperability

- Economic Security

KEY FEATURES OF CHAIN LINK

- Secure data transmission

- Broad data integration

- Cross -chain functionality

WHAT FEATURE IS CHAIN LINK LACKING?

- It’s scalability

- It’s cost of data feeds

Uniswap stands out from others because of

- Liquidity Provision

- Simplicity and Accessibility

- Non-Custodial Trading

- Transparency

KEY FEATURES OF UNISWAP

- Automated Market Marker

- Liquidity pools

- Decentralization

WHAT IS UNISWAP LACKING?

- In the Area of slippage , high gas fees, price impact etc.

Polygon matic stands out from others because of its

- low transaction fees

- scalability

- developer friendly environment

- rich ecosystem

KEY FEATURES OF POLYGON MATIC

- Layer 2 scaling

- Low transaction fees

WHAT IS POLYGON MATIC LACKING?

- Complexity of integration

- User Experience

- Inter operability

APPROACH TO MESSAGING THE DEV

- Identify the Right Contact

- Use Official Channels, Twitter, telegram, Reddit or LinkedIn

- Be sure to have done research on their whitepaper and roadmap.

- Tell the Dev. Works you’ve done and projects you’ve worked for –
Experience .

- Try offering solution and letting them know how you can be of tremendous
help to their project if you’re hired.

ASSIGNMENT DONE AND SUBMITTED BY CHILLY- BASICS TO DEFI CLASS.