Every week it seems Cardano surprises us with new partnerships, blockchain improvements, DEX options and incredible NFT projects. Cardano Native Tokens are tokens which have been minted to the Cardano blockchain. These tokens provide solutions for developers, investors, traders, gamers, and more. Worth noting, Cardano Native Tokens are architecturally different (we think superior!) to Ethereum tokens, as there is no need for an attached "smart contract" - This important fact makes trading tokens on Cardano less prone to malicious attacks via smart contract.
Without further adieu, we’ve put together our first short list of some Cardano Native Tokens that you should know about.
Do note that this list is not financial advice, and does not constitute an endorsement of any particular token or another. Keep in mind both traditional markets and crypto markets are highly volatile and we do not advise speculation into any specific cryptocurrency or NFT projects. There are plenty more than this list provides, however these are some tokens which we feel are worthy of some attention:
$RAD - The utility token and native currency of the Cardania ecosystem (and almost certainly, eventually… the world). RAD had a great entry on ADAX and KICK, and can currently be traded on the Muesliswap DEX and harvested by Terraform holders using the Living Lands module. Pending development, RAD will be used for virtually everything within the game ecosystem and will be useful for Cardania’s upcoming avatar and album NFT sales. As of this writing the price is around 0.00079 ADA
$Pavia - One of the biggest, and first, metaverse projects on Cardano, Pavia has become a household name in the space. In mid-January, the first 25% (500M) of the total supply (2B) was distributed via airdrop. As with the inception of most highly anticipated coins, the price fluctuated significantly at the start. Hovering around .15 ADA per token, it saw spikes as high as .22 ADA before dipping to its current price of .053 ADA, at the time of writing this article. For more insights, be sure to check out the tokenomics and project roadmap.
$Milk - Being the first native, scalable decentralized exchange on Cardano, MuesliSwap hosts one of the leading defi ecosystems. Milk is the exchange’s utility token, providing access to exclusive Mswap features, voting on community proposals, staking, etc. Launching with only 10M total supply, the price per token skyrocketed to almost 10ada just weeks later. It has since retraced in tandem with the broader market, to a less inflated level (3.62 at the time of writing this article). Currently the circulating supply sits at about 50% of the total, with a market cap of 19M ada.
$Hosky - It’s the self proclaimed sh*tcoin worth zero. Except it’s not. Hosky began as a joke, or maybe it didn’t, but what we do know is that the token and hundreds of thousands of pixelated huskies are very popular! You can see on MuesliSwap for yourself that while your millions, or perhaps even billions of Hosky may not be worth generational wealth, it certainly is not zero.