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Launched little over a decade ago, Bitcoin (BTC) spawned a revolution in the financial and investment services sector globally. It gave investors an outlet to invest in digital assets that didn’t need any physical storage, fetched high returns, and offered a secure platform while guaranteeing data privacy. The Bitcoin-led surge in cryptocurrencies put investors in charge of their assets.
Today, cryptocurrency-based platforms have evolved to offer a wide range of use cases while simultaneously boosting access to the DeFi ecosystem. If you too are interested in making your first investment in cryptocurrencies, you could start with options like Firepin Token (FRPN), Elrond (EGLD), and Tezos (XTZ).
These 3 cryptos are good options to start with, given the impressive returns that they have clocked. Here’s a lowdown on what the buzz about these cryptocurrencies is all about.
Firepin Token (FRPN): A Community-Driven Platform Leveraging Blockchain Technology
A community-driven initiative, Firepin Token (FRPN) is an open-source platform and was launched in 2022. It has a native token, FRPN, that can be bought on presale. The platform’s plan is to leverage DeFi features and blockchain technology. Thanks to Firepin Token’s (FRPN) consensus protocol, users can look forward to pitching in with the development of its metaverse gaming platform.
Meanwhile, Firepin Token (FRPN) holders will benefit by earning rewards and will get to participate in the governance mechanism. They will be able to swap tokens, stake, trade, launch NFTs and even utilise farming options. Firepin Token’s (FRPN) governance structure is inspired by DAO-based governance models.
The Firepin Token (FRPN) will be kept stable by ensuring pegged rewards and it will be launched on BNB. To make sure that the token’s price remains stable, Firepin Token (FRPN) depends on the Algorithmic Reserve Currency mechanism that is further backed by more decentralised assets.
Another factor that users may enjoy is the ease while trading NFTs. If a user adds an NFT on a Firepin Token (FRPN) platform, its NFT Vault will generate a token address for the user’s network. The community member would then be able to divide the NFT into smaller NFTs. In the next step, they can use the Proactive Market Maker to create a flexible marketplace for trading these smaller NFTs. These smaller NFTs will represent a new set of assets in the Firepin Token (FRPN) Metaverse.
If you are looking to find out more about Firepin Token (FRPN) you can follow the links at the end of the article and join the presale. You can also follow Firepin Token’s (FRPN) official social media handles for daily updates.
Elrond (EGLD): Utrust to Run on Elrond Blockchains
Apart from being scalable, secure and fast, Elrond’s (EGLD) best feature is its versatility which makes it useful for enterprise use cases, distributed apps, and the new internet economy. It has a native token (EGLD) which can be used for staking on the platform. Its adaptive stat sharding allows 1000x throughput. Also, as it is based on the proof-of-stake method, it ensures distributed fairness. Its staking mechanism is also fairly simple. Validators and delegators who stake EGLD on the platform get rewards. As the platform is non-custodial, the Elrond (EGLD) Token holders are always in control of their tokens. Crypto payments service provider Utrust recently announced that it will be running on the Elrond (EGLD) blockchain platform.
Tezos (XTZ) Now Available on Abra Wallet
Tezos (XTZ) comes as a breath of fresh air among the dazzle of new-generation cryptocurrency platforms with its core focus on governance and user participation. The platform’s user-friendly interface is built on a decentralised network where users get to exchange assets and interact with apps, without needing any third-party assistance. The platform is built on Web 3.0. Its native token XTZ can be used for staking on the platform. The smart contract platform runs seamlessly to ensure that users don’t have to struggle with any downtime during upgrades. In a recent development, Tezos XTZ will be available on the Abra Wallet.
Keywords: Firepin, Token, FRPN, Elrond, EGLD, Tezos, XTZ, presale, cryptocurrency, NFT, DeFi
Learn more about the Firepin Token:
Join Presale: https://presale.firepin.io/register