Cryptocurrencies have played an essential part in the global economy since their introduction with Bitcoin (BTC), and they have continued to expand and acquire broad adoption. Many cryptocurrencies have been created to provide various services and solutions to worldwide societal and economic challenges.
Binance Coin (BNB), Fantom (FTM), and the new project Moshnake (MSH) are three of these digital currencies that were created to reward users and investors.
Despite the fact that Binance Coin (BNB) and Fantom (FTM) supply an array of features required for earnings and more, Moshnake (MSH) will surely provide more advanced capabilities for reward and transactional operations in the cryptocurrency market. Let’s see why lots of experienced investors are optimistic about Moshnake (MSH).
Binance Coin (BNB): powering the largest exchange in existence
Binance Coin (BNB) is a cryptocurrency issued by the Binance exchange that trades under the symbol BNB. With a volume of $7.6 billion in Q2 2022, Binance Exchange was the largest cryptocurrency exchange in the world.
Binance Coin (BNB) was established in 2017 as a utility token to reduce trading fees. However, its uses have subsequently grown to a variety of platforms, making it a leading cryptocurrency. It can also be used to make payments on websites such as Crypto.com, book travel lodgings on websites such as TravelbyBit, entertain users, pay for online services, and even perform financial operations.
Binance swiftly gained traction as a cryptocurrency exchange after its 2017 launch. Binance expanded from an exchange platform to an ecosystem with multiple mind-blowing 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 Binance’s growth. The asset was created to raise funds for the Binance exchange. The token is also used to participate in Binance Launchpad, an ICO platform that has seen the launch of numerous cryptocurrency projects. It all comes down to simple economics: because the coin has multiple applications, demand will almost always exceed supply.
Binance also agrees to a supply-restriction method known as burning, in which BNB tokens are removed from circulation. Given this, the future cryptocurrency bull market may force BNB to rise above its peak in 2021.
Fantom (FTM): gathering more and more developers on its blockchain
Fantom (FTM) was founded in 2018 by Ahn Byung Ik, a South Korean software engineer. Before creating Fantom, Ahn launched the well-known Yelp-like website SikSin and served as president of the Korea Foodtech Association. The Fantom Foundation is made up of 28 engineers, scientists, researchers, designers, and company owners.
Fantom (FTM) is a smart contract blockchain platform that aims to be less expensive and more effective than competitors such as Ethereum. Fantom (FTM) operates on a directed acyclic graph (DAG) from Hedera Hashgraph rather than Ethereum’s blockchain. Blockchain hashes preserve and display transaction histories as directed acyclic graphs (DAGs). Fantom is a layer 1 solution that allows for the development of many chains. It is a highly scalable platform for distributed applications and various DeFi services that are witnessing several ecosystem advances.
Lachesis, Fantom’s proof-of-stake consensus method, is decentralized, which is in contrast to Ethereum’s PoS. This implies that it may begin processing incoming transactions immediately rather than waiting for batches of them to arrive.
While FTM has been volatile throughout the years, it remains one of the projects predicted to generate big profits in the future. FTM is also one of the cryptocurrencies projected to experience a parabolic price increase 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 during the second quarter of 2022. The booming space has drawn some of Silicon Valley’s greatest names, with Andreessen Horowitz launching a $600 million fund for gaming businesses in May.
As the industry continues to evolve, gamers have been asking for a gaming platform with lots of options. Moshnake (MSH) is the answer to the prayers of the GameFi community. Moshnake integrated blockchain technology into the classic Snake game while also incorporating the battle royale Play-to-Earn system, resulting in a groundbreaking gaming experience.
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In the Moshnake (MSH) world, NFTs are useful. They can aid in your leveling up and help you play more efficiently. On a cryptocurrency exchange, they can also be sold for real money or other cryptocurrencies. The players that engage the most with the Moshnake (MSH) universe will be able to accumulate the most cash and NFT resources.
Moshnake is presently one of the most advanced decentralized virtual NFT games running on the BNB Smart Chain. A large number of prominent corporations are interested in investing in Moshnake and contributing to its development, showing that Moshnake is here to stay. Make your decision now; come over to Moshnake (MSH)!
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*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.