To innovate, revolutionize the financial industry, and return power to the people, cryptocurrencies were developed. Since then, cryptocurrencies like Flow (FLOW) and Stellar (XLM) have been developed to fill in the gaps and advance the Decentralized Finance (DeFi) sector. A different cryptocurrency seeks to join these well-known ones with an original concept that might be extremely successful. A brand-new cryptocurrency called Feed3 (FD3) seeks to enhance Web 3.0 Decentralized Applications (dApps) and games by offering a never-before-seen feedback system that rewards users and gives creators accurate input.
Flow (FLOW) Cryptocurrency to Tackle Network Congestion
Dapper Labs, the company behind the hugely popular CryptoKitties NFTs, developed Flow. As the demand for the game continued to surge in popularity, and since it was built on the Ethereum (ETH) network which can only process a few transactions per second, the game’s popularity caused congestion, and Dapper Labs set out to develop a blockchain that could easily serve its users and handle the demands made on it by decentralized applications. In the pursuit of a solution to the congestion issues, Flow, a decentralized finance blockchain was created. The Flow network’s native currency is the Flow (FLOW) token, which also serves as the foundation of a brand-new, inclusive, and global digital economy.
The Flow (FLOW) token is required for all applications built on its platform; it also acts as a means of payment and long-term store of value. Validators and consumers utilize the token to engage in the Flow network and get incentives. Additionally, it is utilized to pay fees and take part in protocol governance. Standing as the only blockchain that incorporates usability enhancements into the protocol layer, Flow is built from the ground up for mass adoption. Major brands and application developers are already constructing on Flow to stimulate innovative and unique experiences with top-notch content.
As of early September 2022, Flow has a circulating supply of 1,036,200,000 FLOW tokens.
Stellar (XLM) to Extend Financial Services Across the Globe
The Stellar network, a creation by the Stellar Development Foundation, is a blockchain-based distributed ledger that enables a platform for connecting institutions, payment systems, and individuals. Through this link, the Stellar network makes it possible to move value and make payments for included services across assets at a cheap cost. The main goal of the Stellar network is to provide developing nations with access to financial services, including bank loans and payments.
This network’s native cryptocurrency, Stellar (XLM), is in charge of several operations, including sending transactions. Furthermore, it serves as the platform’s governance token because Stellar (XLM) holders have the power to influence the network and vote. Users of Stellar (XLM) were prompted to take action in late 2019 by using their voting rights during a coin-burning process. The intention was to stop the planned supply increases on the Stellar network, which had previously seen a growth of roughly around 1% annually. As a result, the amount of Stellar (XLM) available fell dramatically, from 105 billion to only half as much (over 50 billion). Due to a brief increase in value, Stellar (XLM) was deeply affected. These token burns, meanwhile, are not well received because they go against a key principle for why decentralized systems were created. It implies exploitation, which decentralized systems are designed to guard against.
Through Stellar (XLM), payment can be made to another user in particular cryptocurrencies, allowing them to withdraw in their corresponding currency. Stellar (XLM) is the main cryptocurrency that drives the platform, hence its value rises anytime a transaction takes place.
The Circulating Supply of Stellar (XLM)
When the Stellar network first launched in 2015, 100 billion Stellar (XLM) were distributed; however, circumstances have altered since that time. The current total quantity of Stellar (XLM) is 50 billion, with 20.7 billion of those currently in circulation. The Stellar Development Foundation declared in 2019 that more than half of the cryptocurrency’s supply was being burned. This indicates that it now has about 30 billion Stellar (XLM). A third of this money is set aside for investing in other blockchain projects, with the remainder going toward marketing and growth support for the organization.
What Makes Feed3 (FD3) Stand Out?
As a Web 3.0 economy based on blockchain technology, Feed3 (FD3) was created to enhance consumers’ interactions with blockchain-based games. It also improves communication with Decentralized Applications (dApps) by using voice notes that are powered by artificial intelligence. In essence, the development of gaming and the metaverse is a recent idea in the crypto sphere. It is a wise move on the part of the Feed3 network to combine an already established gaming platform with digital blockchain technology because it will immediately boost the platform’s engagement.
Users will receive Feed3 (FD3) tokens as compensation for their efforts and participation in this community-driven network. To do this, the blockchain game’s Play-to-Earn concept and a Feedback-to-Earn (FB2E) model are combined. By sharing their views and opinions, users and players will open up a secondary income stream.
The Feed3 platform analyzes, controls, and gathers the incoming audio feedback using the Freeda algorithm network. Players can use Freeda to record their audio feedback and transmit it to the research and development team in simple English, and by doing so, everyone using the platform is consequently involved in the growth of the network. Additionally, a blockchain-based solution must be combined with AI-based innovation to improve this concept and improve player prospects.
What is Freeda?
Feed3 analyzes auditory input using its deep learning system, Freeda. Before deciding exactly how many Feed3 (FD3) tokens each participant will receive in exchange for their comments, Freeda takes into account several factors. These factors range from length to correctness to emotions conveyed and genuineness. Freeda also assesses intonation, speech rate, and voice volume. Freeda uses technology to verify audio authenticity that is comparable to that employed by banks and insurance organizations. Giving developers clear feedback with helpful details can increase user incentives and encourage users to provide developers with relevant feedback so that appropriate adjustments can be done. Natural Language Processing (NLP) detection method enables Freeda to distinguish between different viewpoints within the same recording. Freeda can analyze and categorize audio very quickly and offers excellent noise cancellation.
Feed3 (FD3) Tokenomics
Feed3 (FD3) is based on the Binance blockchain and is a BEP-20 coin. For its token distribution, 8.74 billion coins will be available overall and in circulation. Pre-sale sales will account for 35% of these tokens, with the remaining 25% going to exchanges, 15% going to partnerships, 10% going to the team, 5% going to advisors, and 10% going to marketing. Prices will vary during the presale; the first phase’s upfront cost will be $0.005, the second phase’s price will be $0.008, and the final phase’s cost will be $.001.
Feed3 Strategic Roadmap (FD3)
A five-stage strategy has been created by Feed3 to accomplish the objectives that have been specified.
Phase 1: During the first phase, the launch of the website will commence and the public will have access to the whitepaper. The Feed3 team will start Freeda development and obtain annotated audio data.
Phase 2: At this stage, the creation of the feedback-to-earn (FB2E) model as well as the private sale of Feed3 (FD3) will start. At this step, Feed3 (FD3) will be featured on CoinGecko as well as CoinMarketCap, and a blockchain partner will be selected.
Phase 3: This is the phase where the general presale will begin. The first set of Intelligent Non-fungible Token. (iNFTs) will be made, and the FB2E system’s beta version as well as product demo will be released. Partnership with influencers for promotion will also be necessary at this level.
Phase 4: Play-to-earn partnerships and the advancement of the Feed3 dApp will start. At this point, Freeda will be finished, and Centralized Exchanges (CEXs) will display the Feed3 (FD3) token.
Phase 5: The Feed3 dApp will be finished, the Bug Bounty Initiative will be started, and Feed3 (FD3) will extend to other blockchain networks.
Step-by-step Instructions for Buying Feed3 (FD3) Tokens
There are three super easy steps to purchase the Feed3 (FD3) token:
- If you are utilizing a desktop, you must have a MetaMask wallet. Users of mobile phones must download a trust wallet app in order to buy Feed3 (FD3) tokens.
- The wallet’s browser should be used to access the project’s website, and the form that appears should be completed. You should decide how many tokens you want to purchase as well as your preferred method of payment.
- The Feed3 (FD3) tokens will be delivered to your wallet once the presale for them is over.
As has been the case since the initial conception of cryptocurrencies, innovation typically results in success. Feed3 (FD3) is a unique cryptocurrency and with its cutting-edge iNFTs and feedback systems, Feed3 (FD3) might offer users profits they haven’t yet witnessed in the sector.
Feed3 (FD3)
Presale: https://presale.feed3.io
Website: https://feed3.io
Telegram: https://t.me/Feed3Official
Twitter: https://twitter.com/Feed3Token
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