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1inch Network (1INCH)

1inch is an international company that specializes in developing and launching decentralized finance (DeFi) solutions. It was founded in 2020, and its CEO, Sergej Kunz, is based out of Germany and its CTO, Anton Bukov, is based in the Netherlands. The rest of the team is based in more than ten locations throughout the world. Investors in the company include DragonFly Capital Partners, Binance Labs, and FTX.

Aave (AAVE)

Aave is a London-based company offering an open-source, non-custodial protocol that utilizes liquidity pools to facilitate lending and borrowing of crypto assets. Its users earn interest with deposits, or they take out loans by using the deposits as collateral. Founded by Stani Kulechov, Aave is a decentralized finance protocol created for borrowing and lending, which performs an identical role to money markets in traditional finance. The platform enables users to deposit digital assets into liquidity pools, earn interest in the form of aTokens, and borrow digital assets through over-collateralized loans. Aave offers Flash Loans—a short-term loan mechanism.

Algorand (ALGO)

Algorand is a company implementing an open-source public ledger, utilizing the Byzantine Agreement message-passing protocol to reach consensus among network participants. The Algorand protocol is designed to be a blockchain-based payments platform. The consensus mechanism enabling the blockchain operates in one of two environments: permissioned or permissionless—similar to a proof-of-stake protocol. This allows minimal computation to be an honest block producer. The blockchain assumes that 2/3 of the block producers are honest and not adversarial or Byzantine.

ApeCoin (APE)

ApeCoin is a new cryptocurrency released on the Ethereum (ETH) network. ApeCoin is the native cryptocurrency for the APE ecosystem, which includes the ApeCoin DAO and all services and products utilizing APE. Yuga Labs, the creator of the famous Bored Ape Yacht Club (BAYC) NFT collections, has adopted APE as the primary token for all new products and services. The Bored Ape Yacht Club started in April 2021 and is comprised of thousands of individual ape NFTs. Each has its distinct facial expressions and clothing. The concept gained popularity as celebrities such as Jimmy Fallon, Justin Bieber, and Paris Hilton invested enormous money in the Bored Ape NFTs. ApeCoin is intended to serve as the decentralized protocol layer for various community-led initiatives. The token is managed by the APE Foundation, which administers the decisions of the ApeCoin DAO (decentralized autonomous organization). The holders of ApeCoin are the only voters in the DAO, which the Foundation facilitates.