Innovation is a key factor to success in the cryptocurrency and blockchain world. There are a few teams of developers that came up with unique business models for their projects. This article describes a few such altcoins that adopted a creative and innovative growth strategy.

#5 Storj

Storj aims to decentralize cloud storage. By using blockchain technology to allow users to make money by renting out hard drive space the cryptocurrency creates an incentive and a demand for its users. Everybody contributes to the network with their hard drive which allows for a decentralized data storage ecosystem.

#4 Maidsafe

While storj aims to decentralize data storage, maidsafe aims to decentralize the internet as we know it. With Maidsafe now only can you rent out hard drive space but you can also rent out data connections, which removes the need for centralized ISPs to facilitate those connections.

#3 Augur

Augur is used to decentralize the prediction based market. Anybody can create a bet on an future event and even profit from it. It is almost like gambling but more decentralized and community based.

#2 Ethereum

Everybody knows about Ethereum and its smart contracts. By allowing users to settle debts on the blockchain and the introduction of decentralized autonomous organization, Ethereum is the front runner in the blockchain 2.0 market.

#1 Steem

It goes without saying that STEEM has one of the most innovative and unique business models. By allowing users to upvote creations on a content called Steemit, content creators can benefit from seeing a revenue for each post. This innovative way of benefiting from posting and curating content is the reason for the Steem network's success.

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