If you are looking for a balanced portfolio that can provide some passive income along with huge returns in the long term, then we have selected three such cryptocurrencies. These 3 coins are FIREPIN (FRPN), Huobi Token (HT), and EOS (EOS). FIREPIN is a new cryptocurrency that is being sold through a presale available here.
It provides passive income in the form of staking rewards and free airdrops through a redistribution mechanism. Watch your portfolio grow over time as you earn free rewards from the FIREPIN ecosystem. Huobi and EOS will provide the necessary balance and diversification as they are established and developed ecosystems. Read on to learn more about these three tokens.
EOS powered Chintai receives a license in Singapore
Chintai, an EOS powered digital asset marketplace and solutions provider has received approval for the Capital Markets Services license from the Monetary Authority of Singapore. Chintai helps companies to rapidly issue tokens with increased efficiency, liquidity, security, simplicity, and flexibility, all thanks to the power of EOS. The EOS Token was a favourite of investors and has seen a resurgence after being taken over by the community. It might have the potential to rally soon as more updates are rolled out.
Huobi introduces Prime Earn
The Huobi exchange powered by the HT Token has introduced Prime Earn plans for users looking to earn higher APYs. These plans will be rolled out every Tuesday and will allow users to earn a higher yield by depositing mainstream tokens on the Huobi exchange.
The Huobi Token provides users with attractive discounts and free airdrops as per their holdings. Huobi is a leading cryptocurrency exchange and had introduced its native token called HT which helps users in getting premium access to various features inside its ecosystem.
FIREPIN Token is a stabilized coin backed by assets
The FRPN Token will be backed by decentralized assets and will also make use of the Algorithmic Reserve Currency mechanism to provide additional stability. It could be a potential good bet as it also provides many passive income generation options.
The FIREPIN community will decide on proposals inside the ecosystem as it is a DAO based platform. DAO integration will take place in the first quarter of 2023. The FRPN Token will provide governance powers and users will also be able to stake the token for receiving additional returns. All token holders will also get free FRPN tokens as a reward for holding. 2% of the transaction tax is reserved for providing these free airdrops.
The FIREPIN community will include a Metaverse empire where users will be able to trade and exchange digital assets. Since the token will run on multiple networks including Ethereum, Polygon, and Binance Smart Chain, a bridge will be installed for ensuring a smooth transfer of tokens. Such bridges can help users save on gas fees as alternate networks may be utilized in times of congestion.
The FIREPIN ecosystem will also include a facility for NFT swaps across multiple networks. Users will also be able to pay for services through NFTs. A new innovative feature includes child NFTs where users will be able to divide their original NFTs into smaller fractionalized versions. It would open new methods of trade and investment in the NFT space.
The FIREPIN Metaverse will include support for game development through artificial intelligence, virtual reality, and augmented reality systems.
Purchasing the FRPN Token early could provide an edge and could potentially provide higher returns as it is available at low prices. The potential for development and growth of the FIREPIN ecosystem seems to be bright as it has multiple utilities and targets the upcoming NFT and gaming metaverse sectors.
Diversify your portfolio by also adding Huobi Token and EOS. Holding for the long term could potentially provide higher returns. Do not chase short-term volatility because the cryptocurrency market reacts quickly to rumours.
Learn more about the FIREPIN Token: