SushiSwap’s in-house token SUSHI is created at a rate of 100 tokens per block. The first 100,000 blocks had a block reward of 1,000 SUSHI. The supply of SUSHI will depend on the block rate. At approximately 6,500 per day, and therefore 650,000 newly-minted tokens per day, there will be roughly 326 million tokens in circulation by September 2021, a year after SushiSwap first launched. SUSHI had no premine, and began to be minted at [Ethereum](https://coinmarketcap.com/currencies/ethereum/) block number 10,750,000, beginning with a supply of zero tokens.

SushiSwap primarily exists as an AMM, through which automated trading liquidity is set up between any two cryptocurrency assets. Its main audience is DeFi traders and associated entities looking to capitalize on the boom in project tokens and create liquidity. AMMs do away with order books entirely while avoiding problems such as liquidity issues, which hamper traditional decentralized exchanges. SushiSwap aims to improve on the offerings of its parent, Uniswap, by increasing the impact users can have on its operations and future. The platform takes a 0.3% cut from transactions occurring in its liquidity pools, while its SUSHI token is used to reward users portions of those fees. SUSHI also entitles users to governance rights.

SushiSwap was founded by the pseudonymous entity known only as [Chef Nomi](https://coinmarketcap.com/alexandria/people/chef-nomi). Little is known about Chef Nomi, or his or her impetus for forking off from Uniswap. The project has two other pseudonymous co-founders, sushiswap and 0xMaki, also known as just Maki. Between them, they handle SushiSwap’s code, product development and business operations. Bankman-Fried is a well-known participant and cryptocurrency market commentator, regularly appearing in media interviews.

SushiSwap (SUSHI) is an example of an automated market maker ([AMM](https://coinmarketcap.com/alexandria/glossary/automated-market-maker-amm)). An increasingly popular tool among cryptocurrency users, AMMs are decentralized exchanges which use smart contracts to create markets for any given pair of tokens. SushiSwap launched in September 2020 as a fork of [Uniswap](https://coinmarketcap.com/currencies/uniswap/), the AMM which has become synonymous with the decentralized finance ([DeFi](https://coinmarketcap.com/alexandria/article/what-is-decentralized-finance)) movement and associated trading boom in DeFi tokens. SushiSwap aims to diversify the AMM market and also [add additional features](https://coinmarketcap.com/alexandria/article/sushiswap-cookbook-a-complete-tutorial-on-sushi-defi-opportunities) not previously present on Uniswap, such as increased rewards for network participants via its in-house token, SUSHI.

WAVES, as a cryptocurrency on the market for over four years, is widely tradable on a large number of exchanges. Pairs operate between WAVES and other cryptocurrencies, stablecoins and fiat currencies. Volumes are highly distributed, with [Binance](https://coinmarketcap.com/exchanges/binance/) and [Huobi Global](https://coinmarketcap.com/exchanges/huobi-global/) among the largest market venues. Cryptocurrency newbie? Read our [easy guide to buying Bitcoin](https://coinmarketcap.com/how-to-buy-bitcoin/) or any other token.

Waves uses a modified [proof-of-stake](https://coinmarketcap.com/alexandria/article/proof-of-work-vs-proof-of-stake) algorithm called WavesNG. The technology is based on Bitcoin-NG, a scaling proposal by well-known Bitcoin advocate, Cornell University developer Emin Gün Sirer. Waves highlights that its code is open source, allowing for more trust and ease of maintenance than closed source enterprise blockchain solutions.

WAVES began as a fixed-cap token for the Waves platform with 100 million tokens available. In its ICO — which raised 30,000 BTC — 85% of the supply went to sale participants, 4% to partners and supporters, 9% to the developers and 1% each to early supporters and bounty schemes which occurred after the ICO. Its utility increased in time, and in 2019, it was decided to remove the supply cap, with decision-making transferred to network participants. Currently, the block reward is 6 WAVES, and any changes come in the form of votes — users must choose whether or not to decrease the block reward by 0.5 WAVES every 110,000 blocks.

As one of the first offerings in its field, Waves set out to improve on the early blockchain platforms and products. From the outset, it aimed to appeal to prospective business clients looking to use blockchain to improve processes or create new services. Waves supported smart contract and DApp development, ensuring that speeds and ease-of-use surpassed competition at the time. Since then, other products have appeared, including Gravity, a cross-chain and oracle network, and decentralized finance ([DeFi](https://coinmarketcap.com/alexandria/article/what-is-decentralized-finance)) focused platform Neutrino. Waves DEX is a decentralized cryptocurrency exchange. In 2020, Waves announced that its platform would be interoperable with the Ethereum network by releasing the WAVES token as an ERC-20 standard asset.

Waves is synonymous with its founder, Ukrainian-born scientist Alexander Ivanov (also known as Sasha Ivanov). Prior to creating Waves, Ivanov was already active in the cryptocurrency space, having released the now-defunct instant exchange Coinomat and indexing site Cooleindex. He also created an early version of a [stablecoin](https://coinmarketcap.com/alexandria/article/what-is-a-stablecoin), CoinoUSD, tied to the U.S. dollar. Ivanov is publicly active in his promotion of Waves, giving frequent interviews on the platform and trends in the wider blockchain industry. According to Waves’ marketing literature, the company now employs over 180 people at locations including Moscow and Switzerland.

Waves is a multi-purpose [blockchain](https://coinmarketcap.com/alexandria/glossary/blockchain) platform which supports various use cases including decentralized applications ([DApps](https://coinmarketcap.com/alexandria/glossary/decentralized-applications-dapps)) and [smart contracts](https://coinmarketcap.com/alexandria/glossary/smart-contract). Launched in June 2016 following one of the cryptocurrency industry’s earliest initial coin offerings ([ICO](https://coinmarketcap.com/alexandria/glossary/initial-coin-offering-ico)), Waves initially set out to improve on the first blockchain platforms by increasing speed, utility and user-friendliness. The platform has undergone various changes and added new spin-off features to build on its original design. Waves’ native token is WAVES, an uncapped supply token used for standard payments such as block rewards.

Memecoin (MEME) is the native ecosystem token of Memeland. Memeland is the web3 venture studio by 9GAG, the globally popular meme platform.

GMX is available on several cryptocurrency exchanges, including [Binance](https://coinmarketcap.com/exchanges/binance/), [KuCoin](https://coinmarketcap.com/exchanges/kucoin/) and [Kraken](https://coinmarketcap.com/exchanges/kraken/). Want to keep track of GMX prices live? Download the [CMC mobile app](https://coinmarketcap.com/mobile/) to follow the real-time prices of GMX, BTC and other cryptocurrencies.

GMX is on the Arbitrum and Avalanche blockchain. Arbitrum is a layer-2 blockchain which derives its security from the Ethereum network, which provides consensus and finality for Arbitrum transactions. In other words, Ethereum guarantees the validity of the rollup’s off-chain computation and data availability behind the computation. On Avalanche, unlike proof-of-work or proof-of-stake, the Avalanche consensus mechanism does not have one leader processing transactions that get validated by others. Instead, all nodes process and validate transactions by employing a directed acyclic graph (DAG) protocol. That way, transactions are processed simultaneously, and validators' random polling ensures that transactions are correct with statistical certainty. There are no blocks in this consensus mechanism, allowing immediate finalization and significantly improving the blockchain’s speed. The GMX contracts are also audited by ABDK Consulting, and there is an active bug bounty for GMX on Immunefi.

At the time of writing, the GMX token circulating supply is over 8.7M. The expected maximum supply is 13.25M GMX tokens. The tokenomics is as follows: 6M GMX allocated for XVIX and Gambit migration; 2M GMX paired with ETH for liquidity on Uniswap; 2M GMX set aside for vesting from Escrowed GMX rewards; 2M GMX tokens to the floor price fund; 1M GMX tokens designated for marketing, collaborations and community developers; 250K GMX tokens distributed to the team linearly over a 2-year period.

Instead of an [order book](https://coinmarketcap.com/alexandria/glossary/order-book) model employed by centralized exchanges (CEXs), trading occurs via its an innovation to the automated market model (AMM) deployed by DEXs like Uniswap. It features a native multi-asset pool, GLP, which generates revenue for liquidity providers. GLP operates as a multi-asset [liquidity pool](https://coinmarketcap.com/alexandria/article/what-are-liquidity-pool-lp-tokens) ([LP](https://coinmarketcap.com/alexandria/article/what-are-liquidity-pool-lp-tokens)) which comprises of ETH, BTC, LINK, UNI, USDC, USDT, DAI and FRAX at the time of writing. Market prices depend on Chainlink's oracles, which collect token price data from all the top exchanges. The decentralized exchange ecosystem is based on two tokens: GLP and GMX. The first token serves to supply liquidity. The GLP price reflects the value of all GMX assets, which are listed for trading with leverage and swaps. In other words, GLP is an index of all assets on the exchange. GMX is the utility and governance token. Users can add liquidity by minting GLP, and in return, they receive 70% of all fees generated on the corresponding blockchain. Unlike some liquidity pools, GLP experiences no impermanent loss. Furthermore, the GLP pool acts as a counterparty for traders. When GLP token holders supply liquidity for leveraged trading, they profit when traders incur losses, and the opposite is also true.

The founding team is anonymous, however, the lead developer is likely @xdev_10 on Twitter.

GMX is a decentralized exchange ([DEX](https://coinmarketcap.com/alexandria/glossary/decentralized-exchange-dex)) for trading perpetual cryptocurrency futures with up to 50X leverage on popular cryptocurrencies like [BTC](https://coinmarketcap.com/currencies/bitcoin/), [ETH](https://coinmarketcap.com/currencies/ethereum/) and more. The platform launched in September 2021 as Gambit Exchange. To date, GMX has a total trading volume of over $130B and 283K total users, making it the leading derivatives DEX on Arbitrum and Avalanche. GMX runs on the [Arbitrum](https://coinmarketcap.com/alexandria/article/what-is-arbitrum) and the [Avalanche blockchain](https://coinmarketcap.com/alexandria/article/what-is-avalanche-a-guide-to-avalanche-s-ecosystem). These ecosystems are connected to the exchange via Synapse — a cross-chain [bridge](https://coinmarketcap.com/alexandria/article/what-are-cross-chain-bridges).

Harmony (ONE) tokens can be purchased on most big exchanges, such as: * [Binance](https://coinmarketcap.com/exchanges/binance/) * [MXC.COM](https://coinmarketcap.com/exchanges/mxc/) * [Huobi Global](https://coinmarketcap.com/exchanges/huobi-global/) [Read more](https://coinmarketcap.com/how-to-buy-bitcoin/) about buying crypto.

Harmony introduces a new version of the proof-of-stake ([PoS](https://coinmarketcap.com/alexandria/glossary/proof-of-stake-pos)) consensus. Called effective proof-of-stake (EPoS), this method allows simultaneous staking from hundreds of validators. This consensus method was developed in accordance with the sharding concept utilized in the Harmony network. Unlike proof-of-work ([PoW](https://coinmarketcap.com/alexandria/glossary/proof-of-work-pow)) consensus mechanisms, EPoS is designed for faster processing times and improved scalability. While PoW requires a lot of electrical and computing power, staking consensus methods rely on an abundance of value holders, who become validators. Harmony is also looking to boost staking incentives to attract more node operators. The Harmony Open Staking initiative encourages interaction with the network and incentivizes stakeholders with the highest amount of ONE tokens.

Harmony (ONE) has a maximum supply of 12,600,000,000 tokens. As of February 2021, the circulating supply on the market is about 9,486,327,268 ONE. Out of the total supply of ONE tokens, 22.4% were dedicated to the initial seed sale. Another 12.5% were set aside for an additional Launchpad sale. The Harmony founding team and developers received 16.9% of the total supply. About 26.4% of ONE tokens were dedicated to protocol development, while another 21.8% were directed towards ecosystem development.

Focusing on processing speed and validation, the Harmony mainnet aims to revolutionize block creation. By introducing the sharding process, the company reduced node validation times significantly. To ensure the protection of nodes and secure the validation process, Harmony introduced the Verifiable Random Function (VRF) for unbiased and unpredictable shard membership. This means that nodes and validators are assigned and re-assigned in a randomized manner. The project’s Harmony Grants program is an initiative that aims to support innovation and attract developers to the Harmony mainnet.

[Stephen Tse](https://www.linkedin.com/in/tsestephen/) is the founder and CEO of Harmony. He has a Ph.D. from the University of Pennsylvania, specializing in cryptographic protocols and type theory. While finishing his degree, Dr. Tse became a research intern at Microsoft. In 2006 he started working as a senior engineer at Google, spending four years in the company. In 2011 he founded Spotsetter, a successful search engine which Apple later acquired. In 2014, Dr. Tse became the principal engineer for Apple. He founded Harmony in 2017. The Harmony founding team comprises twelve people, with seven of them being former employees at Google, Apple, Microsoft, and Amazon.

Harmony is a [blockchain](https://coinmarketcap.com/alexandria/glossary/blockchain) platform designed to facilitate the creation and use of decentralized applications (DApps). The network aims to innovate the way decentralized applications work by focusing on random state sharding, which allows creating blocks in seconds. According to the project’s website, Harmony is expected to introduce cross-shard contracts and a cross-chain infrastructure by the end of 2021.

Depending on where you currently live, users can purchase GLMR using the centralized exchanges displayed by CoinmarketCap. It's also possible to use certain DeFi protocols that are building on Moonbeam which users can find either on DappRadar, on Moonbeam's site, or DefiLlama. Please do your own research and due diligence when it comes to using DeFi protocols on Moonbeam.

The Moonbeam project is going down the path of decentralized governance. The utility token, Glimmer (GLMR), will serve as the gateway for network participants to access the vital functions of the network. Holders of GLMR will have the right to propose referenda, vote, and elect council members. A reflection of Polkadot’s nominated [proof-of-stake](https://coinmarketcap.com/alexandria/glossary/proof-of-stake-pos) [consensus mechanism](https://coinmarketcap.com/alexandria/glossary/consensus-mechanism). Moonbeam benefits from the extra scalability and security of using a Polkadot sharded design and shared security umbrella.

The native token of Moonbeam known as Glimmer (GLMR) was issued via a private Community Event called Take Flight. During the community event of Moonbeam, 100,000,000 GLMR (10% of the total supply) was issued. There will be a total of 1,000,000,000 GLMR tokens, with an annual inflation rate of 5%, as such, there will be an uncapped token supply. The distribution of the token is as [follows](https://moonbeam.foundation/glimmer-token/).

Moonbeam offers an Ethereum-like environment on top of Substrate (rather than a Geth-based solution). This lets developers redeploy their existing smart contracts easily, using the same tools and integrations they already use, but also take advantage of the modern Substrate framework on which all Polkadot parachains are built. The Moonbeam network makes it possible for developers with Solidity or Vyper-based smart contracts to "go multi-chain" and extend their influence into the Polkadot ecosystem. Polkadot’s blockchain ensures seamless sharing of workloads on a new layer. Through Moonbeam, developers can port their existing Ethereum DApps to Polkadot or easily create new [permissionless](https://coinmarketcap.com/alexandria/glossary/permissionless) [decentralized applications](https://coinmarketcap.com/alexandria/glossary/decentralized-applications-dapps) (dApps) using familiar Ethereum development tools. The tools on Moonbeam ensure that there is minimal change when front-end dApps are moved between chains. By using Moonbeam, Ethereum developers (which is the largest market of existing blockchain developers) will be able to bypass the scalability challenges due to the expense and constraints of the Ethereum network.

The Moonbeam Network was founded by Derek Yoo, the CEO of [PureStake](https://www.purestake.com) – a platform that provides secure and reliable public blockchain infrastructure to blockchain app developers, projects and enterprises. Stefan Mehlhorn, a specialist in early-stage company management and operation, serves as the chief operations officer of both Moonbeam and PureStake. Stefan previously worked with Samsung Pay, Candibell Inc., LoopPay, Permessa, Thinking Phone Network among others. Katie Butler and Nate Hamilton from [PureStake](https://www.purestake.com) head the marketing and business development teams of the Moonbeam Network respectively. You can find more info about the team here: https://www.purestake.com/about/

[Moonbeam](https://moonbeam.network/) is an Ethereum-compatible smart contract parachain on Polkadot. Moonbeam makes it easy to use popular Ethereum developer tools to build or redeploy Solidity projects in a Substrate-based environment. Moonbeam is much more than just an EVM implementation: it’s a highly specialized parachain that mirrors Ethereum’s Web3 RPC, accounts, keys, subscriptions, logs, and more. The Moonbeam platform extends the base Ethereum feature set with additional features such as on-chain governance, staking, and cross-chain integrations. Moonbeam’s Ethereum compatibility is unmatched: * Minimal Changes: developers can use existing Solidity smart contracts right away, with no need to rewrite or reconfigure * Use Existing Developer Tools: connect popular tools like MetaMask, Hardhat, Waffle, Remix, and Truffle via a complete set of Web3 RPC endpoints. Use well-known Javascript libraries such as Web3.Js or Ethers.Js. * Unified Accounts, Addresses, and Signatures: use your existing Ethereum H160 accounts & ECDSA signatures to interact with Moonbeam * Tap into the Most Integrations on Polkadot: use existing oracles, bridges, wallets, and other tools that are already building on Moonbeam Moonbeam provides integration and connectivity between Polkadot [Parachains](https://coinmarketcap.com/alexandria/article/what-are-parachains-2) as well as with other chains such as Ethereum and Bitcoin via bridges. Moonbeam was started in 2019 by Derek Yoo of [Pure Stake](https://www.purestake.com).

The easiest way to obtain the MX token is to buy it directly on the [MEXC](https://coinmarketcap.com/exchanges/mexc/) exchange. There are also alternative options where you can purchase or trade MX, among them: [Huobi](https://coinmarketcap.com/exchanges/huobi/), [Bybit](https://coinmarketcap.com/exchanges/bybit/), [Jubi](https://coinmarketcap.com/exchanges/jubi-exchange/) and [ZT](https://coinmarketcap.com/exchanges/zt/). Download the CMC [mobile app](https://coinmarketcap.com/mobile/) to track prices of MX in real-time.