An altcoin can be described as any cryptocurrency token which presents an alternative to Bitcoin- the first and still most predominant cryptocurrency, which many see as synonymous with cryptocurrency itself.
Litecoin (LTC), RoboApe (RBA), and UNUS SED LEO (LEO) are all examples of altcoins, all with unique properties that allow them to stand out from Bitcoin by providing features and opportunities not seen with the crypto giant.
Learn more about each of them below.
Litecoin (LTC) Lights the Path For Altcoins
Launched back in 2011, Litecoin (LTC) is seen by many as the first altcoin to hit the market, having been made as a direct response to Bitcoin and its surging popularity.
Built on the Bitcoin protocol, Litecoin (LTC) was designed with the express purpose to be a faster, lower transaction fee alternative to the cryptocurrency juggernaut. Its goal was not to become bigger than Bitcoin, but to provide an alternative, making it the perfect platform for smaller transactions.
As a literal ‘lite’ version of Bitcoin, Litecoin (LTC) has seen great success, still being ranked within Coin Market Cap’s top 20 cryptocurrencies. This proves that, despite its age, Litecoin (LTC) still holds up as an alternative to Bitcoin, and a great choice for those looking to make small and quick transactions.
It’s olden but golden- don’t sleep on Litecoin (LTC)!
RoboApe (RBA) Reimagines Altcoins Potential
Since the inception of Bitcoin, crypto has exploded and expanded to encompass more than just tradable tokens made to rebel against the big banks.
Now, cryptocurrency can be used to inform communities, to be the driving force behind a slew of digital assets all designed to encourage the acceptance and development of the next generation of the Internet. Altcoins are everywhere, and they are drastically changing the crypto landscape.
A perfect example of this new generation of cryptocurrency is RoboApe (RBA).
Designed to be the token of a community, RoboApe (RBA) is set to be a platform of continued growth, with a development team working for their passion for crypto and desire to see their project expand, rather than for pure financial gain.
This can be proven through the study of the RoboApe (RBA) whitepaper, where developers have stated that there will not be a wallet for tokens allocated to leadership and that the updates to the platform will be free to access.
This, combined with a commitment to charity and plans to open a RoboApe Academy for cryptocurrency teaching on the platform, makes RoboApe (RBA) a perfect example of what cryptocurrency has become, and the possibilities presented by altcoins.
RoboApe (RBA) can hardly be compared to Bitcoin, as their purposes are so vastly different. RoboApe (RBA) is expansive in its uses, being a tool for a community as opposed to being simply a digital form of currency. It takes a deflationary model, meaning the existing tokens will only go up in value, with the focus on the community set to fuel this value rise.
Will RoboApe (RBA) be able to reach the heights of Bitcoin? Only time may tell.
Despite its name originating from a Latin fable, UNUS SED LEO (LEO) is anything but a fantasy, providing real opportunities for users with the unique properties it possesses.
Built to be a part of the current Bitfinex financial ecosystem, the token will only circulate for a limited time, with the token’s parent company intended to buy back all UNUS SED LEO (LEO) tokens over the next several years.
This limited availability makes UNUS SED LEO (LEO) a limited-time opportunity for investors, with the clock ever-ticking towards the token’s removal from the crypto ecosystem.
This is completely different to Bitcoin, whose tokens have still yet to be entirely mined, and which is likely to remain a permanent fixture in the crypto ecosystem.
For those looking for a Bitcoin alternative which goes completely against the grain, why not have a look at UNUS SED LEO (LEO)?
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