The first half of 2022 was a rough start for the cryptocurrency niche. The industry had a bumpy ride and experienced critical situations in recent months. Due to the crypto market crash, the projects lost their value worth $2 Trillion. But gradually, the market is recovering. Almost all the projects trading in red are now making profits. The developers are also introducing new tokens to attract people.
One of these is MetaCryp (MTCR). It is still in the development stages and is yet to launch. To expand the project, the team has planned to introduce opportunities to earn free bonus tokens. This is a great chance to earn extra coins, especially for low-budget crypto enthusiasts. Let’s explore the grounds for this upcoming crypto token. Also, compare it with existing platforms, Aave (AAVE) and Chiliz (CHZ), to check its sustainability.
Aave (AAVE) – The Famous Platform
Aave (AAVE) is a famous platform that uses decentralized finance (DeFi). Through this protocol, the team works to create a network to provide financial services. The project vision is to create a platform where buyers and sellers can interact without the involvement of a third party.
The network operates on Ethereum Blockchain. This is an advantage for the project as it incorporates smart contracts. The AAVE tokens fall under the category of ERC-20 contracts. They help in strengthening the network and providing security. Also, these contracts are self-executable. Thus, they are a good option to eliminate external intervention.
Chiliz (CHZ) – The Community-Based Crypto
Chiliz (CHZ) is a community-based crypto platform built on Ethereum. The team aims to where users can experience high-level entertainment through cost-effective means. Thus the network uses CHZ tokens to engage people and provide chances to earn rewards.
The token works as the primary token on socios.com. The website is a fan engagement platform. Here, users can purchase branded coins from their favourite sports teams around the globe. If people want to access exclusive features, they have to buy CHZ tokens.
What is MetaCryp (MTCR)? Basic Introduction to the new cryptocurrency
MetaCryp (MTCR) is a social project operating on Binance Smart Chain Network. According to the whitepaper, it is the world’s first GameFi metaverse that creates a relaxing place away from home. Here, users can take a break from their stressful lifestyles and have intense fun.
The project will incorporate decentralized finance (DeFi) to create earning opportunities. The team will also use advanced concepts like non-fungible tokens (NFTs), blockchain, and metaverse technology to add value to the MetaCryp network.
Core Elements of the MetaCryp Ecosystem
Let’s learn about MetaCryp features in detail:
- Decentralized Autonomous Organization (DAO):
The project will solely depend on community interactions and contributions. To ensure and protect user rights, the team will incorporate the DAO protocol. Through this, the token holders will have the power to vote and put forward proposals for future changes.
- Smart Contracts:
The project will employ tokens on BEP-20 smart contracts. This feature will improve the scalability, security, and transparency within the ecosystem. Also, it will help reduce the manual charges by eliminating the role of the intermediary person.
- Metaverse Technology:
The project aims to create an interactive community for people to relax and play games. For this, the team will incorporate metaverse technology. Through this feature, the platform will introduce play-to-earn gaming models, NFT marketplaces, and other advancements.
MetaCryp (MTCR) is a utility and governance token that is used for transactions within the network. It operates on Binance Smart Chain Network and works in a coalition with smart contracts. According to the whitepaper, the team will incorporate technologies like blockchain and metaverse to give birth to a new concept.
MetaCryp (MTCR) offers free bonus opportunities to users. If you use BNB/BSC to buy MTCR tokens, you will get 13% extra coins. Also, if you refer a friend and convince them to spend $400, both parties will get $100 each.
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