The Case for Oyster Protocol (PRL)

Oyster Pearl (PRL)  is a coin that has been addressing the massive problem of out of control advertising on the internet. Ads are intrusive, annoying, and can often take up a large amount of bandwidth. Oyster Pearl addresses this by empowering website owners to earn revenue without displaying endless ads, while also providing file storage benefits as well. Visitors to these sites contribute a small portion of GPU and CPU which enables their files to be stored in a decentralized ledger, also rewarding website operators with revenue based on visitors and time spend on their site. The Oyster Protocol operates on top of the IOTA tangle and utilizes Ethereum smart contracts within their ecosystem as well. They have also introduced Oyster Shell (SHL) as a way to utilize new dapps and earn revenue on the Oyster meshnet, setting up nicely for future expansion of product offering.

Despite solid progress on roadmap, having already released their mainnet, the coin has taken a greater hit than most of the market in the recent bear turn down. PRL is currently trading at $0.14 USD on KuCoin, which is 1/30th of it’s January high of $4.38 USD. As Bitcoin shows early signs of a rally, keep an eye on PRL to rebound well if the progress continues.

Photo from  www.thebitfeed.com

The opinions expressed on Crypto Bull are in no way financial advice and are only opinions. We are not responsible for any losses incurred as a result of reading our blog.

3 Altcoins With Real World Use Cases

As more and more Altcoins emerge, it can be hard to determine value when so many do not have even have a working product. This is a big reason that cryptocurrencies are considered a highly speculative investment. We wanted to take the time to highlight some projects that we think are addressing tangible use cases with specific applications and solutions! Here are 3 Altcoins that have real world use cases:

  1. MTL (Metal Pay) - Metal Pay is building a payment app that is a lot like Venmo for cryptocurrencies. Using Metal Pay allows you to transfer money to anyone, any time, and rewards every transaction. Metal’s ‘Pop’ features automatically pays out 5% in MTL every time a payment is sent, and the app will support integrations with big banks such as Chase, BofA and Citi, offering an instantaneous bridge between fiat and crypto. MTL could push crypto towards the mainstream and would certainly be simpler solution to sending payment than the standard wallet address copy-paste method (which can limit non-technical folks). The team has been transparent in uploading Metal Pay demo videos to their youtube, and marketing is picking up around the upcoming app launch. it will be interesting to see how adoption of the app plays out and could be worth keeping an eye on as MTL trades at $3.60 on Binance currently.
  2. PRL (Oyster Pearl) - Oyster Pearl is creating the future of website monetization and distributed storage, built on IOTA Tangle and Ethereum. Oyster enables a user-friendly way to implement both its revenue generation (only have to add a line of code). Website visitors contribute a small portion of their CPU and GPU power to enable users' files to be stored on a decentralized and anonymous ledger - In return, the website owners get paid indirectly by the storage users and website visitors can enjoy an ad-free browsing experience. PRL trades at $0.81 USD on Kucoin and Cryptopia. The PRL team will be performing an airdrop of SHL(Oyster Shell) in the near future, SHL will be used to pay for connectivity and Dapp operation across the Oyster meshnet and SHL will be paid out automatically to all PRL holders at a 1:1 ratio.
  3. ELA (Elastos) - Elastos is the building the first internet operating system that uses the internet as the base-layer infrastructure rather than an application. Elastos will call this the SmartWeb, and Dapps will be able to run on a peer-to-peer network without centralized control.The goal of the team is to build a new type Internet community with honesty and without network attacks. Recently, the team posted a photo of an iphone running on the Elastos operating system to Twitter (see tweet here). There has been a lot of mystery behind ELA as the circulating supply has not yet been reported on coinmarketcap, and many believe this number will be low due to a variety of lock ins by the team and some early investors; which could send the price higher. Regardless, after forming the G3 alliance with NEO and Ontology (ONT), Elastos is a project that is in good company, and could be worth checking out as it trades at $37 on Huobi currently.
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The opinions expressed on Crypto Bull are in no way financial advice and are only opinions. We are not responsible for any losses incurred as a result of reading our blog.