Cryptocurrencies have played a significant role in the global economy since their inception with Bitcoin (BTC), and they have continued to expand and gain wide acceptance. Many cryptocurrencies have been created to provide various services and solutions to global societal and economic challenges.
Binance Coin (BNB), Fantome (FTM)and the new project Moshnake (MSH) are three of these digital currencies created to reward users and investors.
Despite the fact that Binance Coin (BNB) and Fantom (FTM) offer a number of features required for earnings and more, Moschnake (MSH) will surely offer more advanced features for reward and transaction operations on the cryptocurrency market. Let’s see why many seasoned investors are bullish on Moshnake (MSH).
Binance Coin (BNB): Powering the largest existing exchange
Binance Coin (BNB) is a cryptocurrency issued by the Binance exchange, trading under the symbol BNB. With a volume of $7.6 billion in the second quarter of 2022, Binance Exchange was the largest cryptocurrency exchange in the world.
Binance Coin (BNB) was launched in 2017 as a utility token to reduce trading fees. However, its use has subsequently expanded to a variety of platforms, making it a leading cryptocurrency. It can also be used to make payments on sites like Crypto.com, book travel accommodation on sites like TravelbyBit, entertain users, pay for online services, and even conduct financial transactions.
Binance quickly gained prominence as a cryptocurrency exchange after its launch in 2017. Binance has evolved from an exchange platform into an ecosystem with several overwhelming capabilities, all powered by the Binance Coin (BNB) under the Binance brand umbrella.
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Binance Coin (BNB) usage is growing in tandem with the growth of Binance. The asset was created to raise funds for the Binance exchange. The token will also be used to participate in Binance Launchpad, an ICO platform that has launched numerous cryptocurrency projects. It all boils down to simple economics: since the coin has multiple uses, demand will almost always exceed supply.
Binance also agrees to a supply-restriction method known as burning, which sees BNB tokens being phased out. Given this, the future cryptocurrency bull market could force BNB to surpass its peak in 2021.
Fantom (FTM): gathers more and more developers on its blockchain
Fantom (FTM) was founded in 2018 by Ahn Byung Ik, a South Korean software developer. Before founding Fantom, Ahn launched the well-known Yelp-like website SikSin and served as President of the Korea Foodtech Association. The Fantom Foundation consists of 28 engineers, scientists, researchers, designers and business owners.
Fantom (FTM) is a smart contract blockchain platform that aims to be cheaper and more effective than competitors like Ethereum. Fantom (FTM) works on a directed acyclic graph (DAG) from Hedera Hashgraph and not on the Ethereum blockchain. Blockchain hashes preserve and display transaction histories as Directed Acyclic Graphs (DAGs). Fantom is a layer 1 solution that allows the development of many chains. It is a highly scalable platform for distributed applications and various DeFi services witnessing multiple advances in the ecosystem.
Lachesis, Fantom’s proof-of-stake consensus mechanism, is decentralized, which is in contrast to Ethereum’s PoS. This means incoming transactions can be processed immediately instead of waiting for batches to arrive.
While FTM has been volatile over the years, it remains one of those projects that is forecast to have big gains in the future. FTM is also one of the cryptocurrencies predicted to see parabolic price increases this fall.
Moshnake (MSH): Retro gaming is back and you can P2E
According to DappRadar analysis, blockchain gaming received about $2.5 billion in funding in the second quarter of 2022. Booming space has attracted some of Silicon Valley’s biggest names, including Andreessen Horowitz, the one $600 million fund for gambling companies in May.
As the industry evolves, gamers have asked for a gaming platform with many options. Moshnake (MSH) is the answer to the prayers of the GameFi community. Moshnake integrated blockchain technology into the classic snake game while also integrating the battle royale play-to-earn system, resulting in a groundbreaking gaming experience.
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In the World of Moshnake (MSH) NFTs are useful. They can help you level up and help you play more efficiently. On a cryptocurrency exchange, they can also be sold for real money or other cryptocurrencies. The players who engage most with the Moshnake (MSH) universe can accumulate the most cash and NFT resources.
Moshnake is currently one of the most advanced decentralized virtual NFT games running on the BNB Smart Chain. A large number of prominent companies are interested in investing in and contributing to Moshnake’s development, showing that Moshnake is here to stay. Make your decision now; come over to Moshnake (MSH)!
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*This item has been paid for. The Cryptonomist neither wrote the article nor tested the platform.