The entire market is green over the last few days. But traders are still wondering, which altcoins to hold and which to eliminate from their portfolio.
Understanding that, Chris, the host of Cheeky Crypto, a Youtube Channel that focused on cryptocurrency, has highlighted the top 3 play-to-earn gaming projects that traders should keep an eye on.
The first project mentioned on the list is MarsColony (CLNY). CLNY is a hybrid token that contains attributes of government and utility tokens. Token holders can use this token to take part in the decentralized governance of the project. Token holders can also use this token to purchase land upgrades and perform other actions within the MarsColony metaverse.
This has pulled back in recent days, mainly because the team is looking to change the return function for the landowners. It’s great to have a passive income by owning some land. You can get some LP tokens staking, which is really interesting. This is definitely worth digging into this project.
The next play-to-earn project is called Harmony Whales. Harmony Whales is a collection of 2250 uniquely generated whale NFTs swimming in the Harmony Ocean. Each whale is randomly generated using a set of traits designed just for them. Minting one whale costs 400 $ONE and 10% of this fee is proportionally redistributed to all original whale minters.
You have to buy a whale. You can fight and battle with these whales, or stake the whales. You can also buy land or mint these basically.
You can stake your whale to earn a nice passive income available on this particular project. You can also breed the whales if you have two whales to get a ONE token, which is fantastic. NFT key is where you would purchase your whales, so definitely worth taking a look at this one.
Wen Lambo (LAMBO)
The last project that Chris mentioned is called Wen Lambo (LAMBO). Wen Lambo is a deflationary token that uses smart contracts on the Binance Smart Chain (BEP-20), peer-to-peer technology is used for facilitating instant payment in digital value (crypto), DeFi uses a layered architecture and highly reliable building blocks. Our expectation is that members will hold their tokens during the time allowing the price to increase, for this reason, we have implemented a transaction fee of 10%.
You’re going to be able to make a passive income from holding your Lambo NFT. You might be able to rent it out, trade it for other different things. But the only inconvenience about this one is that the passive income is locked for about a year.
It’s locked but that might not necessarily be a really bad thing. There are many opportunities in this space. Having it locked up might be a way to keep hold of these tokens for a year. They might be worth a lot more. So this is a really interesting one to keep an eye on.