New Tokens on Cardano – How to Find Them?

So you want to find hot new tokens on the Cardano blockchain? In this article, we look at how to do just that.

Cardano is consistently in the top 10 of blockchains in the crypto universe by market cap but is often overlooked by many involved in cryptocurrency. Cardano was founded by Charles Hoskinson who was also an early founder of Ethereum until he fell out with his co-founder Vitalik Buterin to eventually leave and form Cardano.

Cardano unlike Ethereum verifies on-chain transactions via a Proof of Stake (PoS) system, where node validators stake the Cardano native token, (ADA) to verify transactions. Ethereum (and Bitcoin) on the other hand at the time of writing utilises Proof of Work (PoW), which requires validators to carry out algorithmic puzzles to verify the blockchain, this requires much more CPU power and therefore energy and is argued to be less environmentally friendly than PoS. Ethereum intends to address this by launching a Proof of Stake Ethereum blockchain in an event widely known as ‘The Merge’.

All this apparent intense competition between the top blockchains has resulted in much mudslinging by maximalists but Cardano has several advantages. Specifically, low transaction fees, low energy requirements for blockchain validation, live smart contracts and a growing ecosystem of DApps and exchanges (DEXs). What’s more, there is a growing list of projects and tokens launched on Cardano that could present serious opportunities for risk-taking investors but how do we find these projects? Here we go…

CardanoCube.io

Cardanocube.io – Explore the Cardano Ecosystem

Cardanocube.io can give potential investors a list of new tokens on Cardano. Of course, the number of projects currently listed is significantly smaller than that of Ethereum but Cardano is growing very quickly since the launch of Smart contracts in September 2021. Projects are listed under headings such as Dapps, Launchpads, DEXs, etc. making it easy to see the type of project you are looking for and a simple click on the logo will take you to the project page where more information and a link to the project website and whitepaper can be found.

All projects are verified by the CardanoCube.io team so the projects listed should be genuine but you should be advised, as with all crypto investments to do your own research.

MuesliSwap

MuesliSwap DEX

MuesliSwap was the first DEX (Decentralised Exchange) to go live on Cardano. The user interface is easy to navigate, just select ‘Markets’ at the top of the page and then ‘All’ and you will see a full list of all available tokens listed on the DEX. MuesliSwap does label projects as ‘Verified’ if the project meets certain criteria but once again it is highly recommended you carry out your own research. Click on a token logo and this brings up lots of information such as price, market cap and recent transactions. A nice clear graph of historic price is given as well as links to the project website and Cardano blockchain research tool Cardanoscan.

Minswap

Minswap DEX

Minswap is another Dex on Cardano. The user interface is fairly easy to navigate just go to the main page, click on ‘Launch and you will be presented with a list of tokens to research. Unfortunately, there are no direct links to project websites so you will have to do a little more digging here to get more information apart from the current price and recent transactions.

Wingriders

Wingriders DEX

Wingriders is another DEX on Cardano, the interface is considerably slick. Here you can view new tokens by clicking Enter on the home page and selecting tokens in the drop-down at the top of the next page. Here you are given the current price of the token, the volume and the ability to swap your ADA for your token of choice.

Final Thoughts

In order to purchase your shiny new tokens you will need to set up a Cardano compatible wallet, if you don’t have one yet you can read this article:

https://popupworld.org/2022/05/10/best-way-to-create-a-crypto-cardano-wallet-and-fund-it-with-ada-easy-steps/

It’s important to remember that this article is by no means financial advice. Remember to do your own research and stay safe, crypto is extremely volatile and you should resist going ‘all in’ on a project as you are likely to lose more than you can afford. Good luck!

If you enjoyed this article please remember to like and subscribe for regular entrepreneur news on Pop Up World. Feel free to visit us at https://www.popupworld.co.uk

Thanks!

It starts with an idea. Pop Up World is a platform that helps start-ups and small businesses reach for the stars. No matter what size you are. Use our start-up guide Business Zero to Superhero, Design your Logo. Connect with investors via our Investor Connector. You can start a Website and Domain name. You can Search for and promote your Premises. You can promote your idea for free on our Pop Up World Ads site, you can even form a Limited Company You can also join us on our journey via the Pop Up World Token (PUW).

Pop Up World Token

Pop Up World is a Cardano based token built for entrepreneurs. You can purchase the Pop Up World (PUW) token here:

https://www.popupworld.co.uk/popupworldtoken

MuesliSwap

Minswap

Wingriders

SundaeSwap

Find out more about Pop Up World Token here:

CardanoCube.io

https://www.popupworld.co.uk/popupworldtoken

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: