Millions of people are using the opportunity of the crypto collapse to buy into projects at lower prices than their all-time highs. One of the projects receiving a lot of attention in the coin market is the Moshnake (MSH) Token.
We will be using the version of the term “hacking” popularized among cypherpunks. They define it as “exploring the limits of what is possible,” usually through ingenious methods.
A blockchain is a distributed ledger or database shared among the nodes of a computer network. It stores cryptographical data in a tamper-proof system and has a crucial role in the creation of decentralized records of financial transactions.
In this guide, we will be investigating the next big cryptocurrency that degens and financial investors are backing because of their innovative approaches to providing important Web3 solutions.
Solana, the Fastest Blockchain Alive
Solana (SOL) is a well-known blockchain platform designed to host scalable, decentralized applications (dApps).
This Proof-of-Stake (PoS) blockchain adds a Proof-of-History (PoH) concept to achieve the three desirable qualities of a blockchain project: security, scalability, and decentralization.
The hybrid feature catapults Solana (SOL) into a league of its own in terms of the number of transactions processed per second, making it thousands of times faster than Bitcoin. In addition, the gas fees needed to validate transactions are markedly lower, a minuscule fraction of the amount used by its rival, Ethereum (ETH).
The effects of these hacks have placed SOL near the top of CoinMarketCap‘s list of most valuable cryptocurrencies by market capitalization. It ranks 9th on the list at the time of writing, and its current market cap of $11 billion is expected to surpass previous all-time highs.
Maker is Collateralizing the Cryptocurrency Market
Maker (MKR) is the native token of the Maker Protocol, the decentralized finance (DeFi) project behind Dai (DAI), the community-managed stablecoin.
Maker (MKR) is a governance token, affording members of the MakerDAO a chance to vote on the implementation of proposals affecting DAI.
Maker (MKR) exists on the Ethereum blockchain and is used to vote on which cryptocurrencies can be added as collateralized assets. Oracles to be used for supplying real-time data on market prices are also decided through voting.
New Maker (MKR) tokens are either burned or minted, depending on the amount of Dai generated through collateralization of other cryptos. This dynamically changes the total supply of MKR.
The Maker (MKR) token derives utility from the voting power it lends holders. Furthermore, its price is predicted to appreciate with the success of the stablecoin.
Moshnake, the GameFi Hack
This hot new project borrows influence from the legendary Snake game to create a community where participants are rewarded for their investments.
The Moshnake (MSH) team is building a community-focused play-to-earn game where gamers can experience a PvP and PvE twist on the classic Snake arcade game.
To access these features, intending players can participate in the ongoing pre-sale, where one MSH token can be bought for $0.04. This is one of the best offers in the GameFi ecosystem.
A minimum purchase of 1,000 MSH tokens is offered when one deposits the equivalent amount of Binance Coin (BNB) in their digital wallet and signs the contract that executes the trade.
Players must own a Moshnake (MSH) NFT and an available balance of Venom (VEN) in-game currency to unlock game content.
Fans love this project because it pays homage to one of the most popular mobile games while presenting massive income opportunities. As more investors buy in, it is projected to join the cryptocurrency list of successful metaverse game tokens.
Projects that employ unique strategies to hack through blockchain problems enjoy relative success compared to others. Moshnake (MSH) uses NFT technology and a shared, familiar concept to foster social connection and create economic rewards for participants’ skills and resources.
The token pre-sale is the perfect opportunity to add one of the best long-term crypto investments to your portfolio.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.