Decentralized Science (DeSci) or decentralized science is not a new concept, but it has recently gained attention due to the promotion of Binance and the investment deal of Binance Labs. Particularly, this attention occurs in the context of a positive crypto market.
Therefore, many DeSci projects are also being sought by investors as early opportunities if DeSci develops as expected. Here are some observations from BeInCrypto about DeSci projects that are being built, have low capitalization, and have the potential to gain attention in the future.
Also Read: 3 signs that DeSci is about to become a new attractive story for investors
#1. VitaDAO (VITA)
VitaDAO is a DAO (Decentralized Autonomous Organization) aimed at extending human lifespan by publicly and democratically researching, funding, and commercializing longevity therapies.
According to the official website, VitaDAO has deployed over $4.2 million in funding across 24 biomedical research projects. This is a project that has already implemented practical applications in line with the spirit of "decentralized science".
VitaDAO (VITA) price performance. Source: BeInCrypto.In terms of tokenomics, the capitalization of VITA is not yet $100 million, with 40% of the total supply of 64.3 million VITA already in circulation. The daily trading volume is still quite low, around $1.8 million. The VITA price has quadrupled in November and is currently trading around $3.5. From 2021 to date, the project has raised $9 million from investors such as Balaji Srinivasan, L1 Digital, and Pfizer Venture Investments.
#2. ResearchCoin (RSC)
ResearchCoin (RSC) is created by ResearchHub. ResearchHub is a platform that allows anyone to earn RSC rewards by contributing new scientific knowledge to the community discussion. The amount of RSC received is proportional to the value of the content recognized by other members of the community.
According to BeInCrypto's research, the ResearchHub platform has around 60,000 - 80,000 monthly visits. The community funding feature of ResearchHub democratizes research funding, allowing users to support projects with ResearchCoin (RSC). The project's blog states that they have funded 12 projects with around $5,000 each so far.
ResearchCoin (RSC) price performance. Source: BeInCrypto.The capitalization of RSC is not yet $70 million, and the entire supply of 1 billion RSC has been put into circulation. The 24-hour trading volume is around $3.5 million. The RSC price has increased fivefold in November. The project has raised $5 million from investors such as OSS Capital and Sora Ventures.
#3. AxonDAO Governance Token (AXGT)
Initially, Axon was a telemedicine startup company founded in 2014. In 2021, Axon transformed itself into a DAO. From here, the project enables direct public participation in health research, as well as the collection, storage, and verification of clinical data through blockchain technology.
According to BeInCrypto's research, AxonDao is still in the implementation phase of its roadmap and has not yet achieved any notable practical applications. The project also does not have any VC investment information in the industry, apart from raising over $118,000 from the token sale.
AXGT price performance. Source: BeInCrypto.Along with the recent interest in DeSci, the capitalization of AXGT has reached $75 million, with a daily trading volume of less than $1 million. The AXGT price has quadrupled in November.
#4. Hippocrat (HPO)
Hippocrat (HPO) is a project that has existed since 2018. It raised $200,000 through a token sale. Hippocrat is a decentralized health data protocol, developed as an open-source. The HPO token can be purchased and used in the Hippocrat ecosystem by data consumers. HPO tokens are used to reward data subjects for sharing their data.
Additionally, the Hippocrat DAO consists of individuals who can help develop the Hippocrat ecosystem and will maintain, operate, and vote using HPO tokens.
Hippocrat (HPO) price performance. Source: BeInCrypto.The HPO token is currently only traded on a limited number of exchanges such as Upbit and MEXC, although its trading history dates back to 2018. The capitalization of HPO is currently only $62 million, with a 24-hour volume of around $1.7 million. The HPO price recorded a 35% increase in November.
#5. Dynex (DNX)
Dynex (DNX) can be seen as a combination of DeSci and AI (artificial intelligence). On the one hand, Dynex provides neuromorphic computing (brain-inspired computing) services - an emerging field - to computer scientists. Dynex calls this Quantum-as-a-Service (QaaS). On the other hand, through QaaS, Dynex believes that QaaS will support open collaboration among researchers worldwide, driving an innovative approach to healthcare.
Participants can participate as Miners, contributing their computer resources to compute and secure the network and validate transactions. The project's website states that there are currently nearly 60,000 GPUs participating in the network.
Dynex (DNX) price performance. Source: BeInCrypto.DNX has a capitalization of less than $30 million, with a daily trading volume of around $1.2 million. The DNX price performance is weaker compared to other recent DeSci projects.
All DeSci projects are still in the development stage, with limited impact, and have not yet truly revolutionized traditional science. Capitalization and volume are very low. Therefore, investors need to consider the risks when investing in these projects.
Also Read: Binance Labs Invests in DeSci with BIO Protocol
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