7 Best New Cryptocurrencies for July 2022
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The crypto world becomes more intriguing by the day, with new cryptocurrencies entering the scene faster than old ones giving up the spotlight. They are created for various purposes, and some of them are worth considering if you plan to invest your hard-earned money in crypto and diversify your portfolio.
This article discusses the best new cryptocurrencies you can invest in this summer. We bring you a guide that can help you choose virtual currencies and a list of the top 7 cryptocurrencies for July 2022.
Without further ado, let's look at the most promising digital currencies you can buy in July 2022.
As the world’s only crashproof asset, My Freedom Coin (MFC) secures the first place on our list of the best new cryptocurrencies for this summer. It serves as the native currency of the decentralized financial software of the same name. The platform comes with Zero Liquidation Risk, setting it apart from the myriad of DeFi lending platforms that are subject to liquidation.
Let’s see how it works. Each MFC in circulation is backed by BUSD tokens in the protocol treasury. The BUSD Treasury generates funds from Coin Offerings and ensures that the MFC price doesn’t go below a certain point, referred to as ‘Floor Price’. You can buy and sell the Coin via peer-to-peer transactions. My Freedom Coin has some interesting DeFi mechanisms in place to sustainably appreciate the value of the Coin over time. In fact, it is the only existing cryptocurrency with a Floor Price where all the proceeds contribute to the appreciation of the Coin.
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The most prominent of these is the small fee of 0.5% charged on all
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