A startling one million crypto trades took place daily in Turkey as of December 2021. Additionally, research indicates that 2.4 to 5 million Turks hold a cryptocurrency account or possess one in some other way.
We chose to take a closer look at the industry because Turkey is swiftly developing into a hub for cryptocurrency activity, with numerous exchanges and trading platforms only opening in 2021.
1. STEPN
You can manage your digital life, keep in touch with friends, and get prizes for being active, such as going for a run or a walk outside, with the help of the STEPN web3 lifestyle app. Both iOS and Android users can download the software.
STEPN offers two tokens: GST, a utility token, and GMT, a governance token. All network transactions, including data transfers, sales, and purchases, use GST. GMT is used to vote on resolutions that will determine how the STEPN network develops in the future.
People in Turkey enjoy being outside, so STEPN is a great way for them to be active while collecting incentives. With over 100,000 downloads, the app has gained a lot of traction in Turkey.
2. Bitcoin (BTC)
In terms of market valuation, Bitcoin, the first cryptocurrency, continues to be the largest. Bitcoin, which was invented in 2009 by an unidentified person known only as Satoshi Nakamoto, continues to be an uncontrolled, decentralized money.
As a protection against inflation and financial instability, bitcoin is frequently used. This is due to the fact that there are only 21 million of them available and they cannot be created like fiat money.
Although Bitcoin has always been well-liked in Turkey, the most recent financial crisis has made it even more well-liked as a means of asset storage. Locals utilize BTC as an inflation hedge because it is regarded as a safe-haven asset, similar to gold.
3. Pitbull (PIT)
In Turkey, Pitbull is equally well-liked. On Binance Smart Chain, PIT is a self-staking token that enables users to profit from owning it and taking part in the network. A play-to-earn game, a metaverse, and NFT collections are all part of its ambitious agenda.
The ecosystem of the project is being expanded by a sizable and devoted group of investors. Additionally, they are the ones who choose the token’s value.
Fun fact: Turkish people adore animals, especially cats and dogs. Perhaps this explains why Turkish investors have a strong interest in the Pitbull token.
4. Celsius Network (CEL)
Users may deposit, borrow, and earn interest on their cryptocurrencies using Celsius, an all-in-one platform for banking and financial services. The Celsius Network is accessible in more than 100 countries and has more than 2 million users, according to the project’s website.
The Celsius Network is powered by the utility token CEL. CEL owners can earn interest by putting their tokens into the Celsius Network. According to the study, interest rates can reach 18.63 percent APY.
Turkish citizens are actively investing in the Celsius Network for a variety of reasons, including high profits.
5. Saitama (SAITAMA)
Users of the community-driven Saitama token and platform can receive prizes for participating on the platform by posting, commenting, and upvoting. You might get more money back the more active you are.
The Japanese anime character Saitama, a superpowered warrior who can defeat any foe with a single punch, is the inspiration for the name of the token. In the anime series One Punch Man, he serves as the main character. The project’s primary purpose is to educate Gen Z investors, who, according to 93 percent of them, are perplexed or frustrated by financial matters. It is likely related to this goal that the project’s name.
An major occasion for any token in the cryptocurrency world, Saitama, which has attracted some interest in Turkey in particular, recently announced its new tokenomics and migration to the new network.
