CAN MUSHE TOKEN (XMU) COMPETE WITH CRYPTO GIANTS LIKE POLYGON (MATIC) AND ALGORAND (ALGO)
Crypto projects with solid foundations and future goals are more likely to be pumped up than the meme coins or the coins with no utility.
There are several strong cryptocurrencies out there. Among those, Polygon (MATIC) and Algorand (ALGO) have already won investors’ trust due to their strong foundations and features.
Another strong project with great features coming ahead and future goals is that of Mushe token (XMU). It is the utility token of the Mushe World under launch. Based on its roadmap and the features the team is working on, it is evident that the coin will give a hard time to cryptocurrencies like those of Polygon (MATIC) and Algorand (ALGO). Let’s find out what makes both projects unique and what’s so special about XMU that can help it stand out.
What makes Polygon (MATIC) unique?
Polygon is an Indian project to scale the Ethereum chain network and its infrastructure development. It is a layer-2 solution backed by the two famous exchanges, Binance and Coinbase.
The primary goal of the Polygon (MATIC) team is to enhance the mass adoption of cryptocurrencies by working on solving the scalability issues in the blockchains and speeding up the transactions. The team claims that the network can hold up to 65,000 transactions per second with fewer than 2 seconds of blockchain confirmation time.
These factors make Polygon (MATIC) stand tall among the top 50 cryptocurrencies as per the market cap, even in a bearish market.
What makes Algorand (ALGO) unique?
Developed by a professor of computer science at MIT, Algorand (ALGO) aims to speed up transactions. It works on improving efficiency by looking at the time it takes Bitcoin and other blockchains to pass one transaction. Thus, its primary goal is the same as that of MATIC, which is to make crypto transactions faster and more efficient, leading to stimulating mass adoption of cryptocurrencies.
Here are the prominent features of Algorand (ALGO) that make it stand tall among the top 50 cryptocurrencies as per the market cap, even at the time of crisis in all the financial markets across the globe:
- Faster transactions
- Lower transaction fees
- No mining as it is an energy-intensive process (Bitcoin being the best example)
- Permissionless and secure
- Based on the Proof of Stake (PoS) protocol
What makes Mushe Token (XMU) stand out among these strong projects?
Mushe Token (XMU) is a decentralised token of the Mushe World under construction. It serves as a governance and utility token for all the platforms under Mushe World. The team aims to increase the accessibility of digital assets for an everyday person. In addition, they are motivated to educate the masses on digital currencies and financial management.
The native token XMU is currently built on the Ethereum blockchain and later will switch to Stellar’s (XLM) open network for lower transaction costs and other features it offers. Another reason behind migrating to Stellar in the future is that the network has many Fintech companies, financial institutions, and money services providers that can help the XMU team collaborate with the banking sector to enhance financial services. The token is currently in the first stage of its presale and will officially launch on July 4th, 2022. Some exciting features of Mushe World that the team is destined to develop include:
A decentralised wallet for buying, holding and exchanging cryptocurrencies and NFTs.
It is a decentralised communication platform that does not require third parties to participate.
A decentralised metaverse platform where users can socialise, play and earn seamlessly.
Mushe (XMU) will allow users to buy, sell, and trade metaverse services and products efficiently and conveniently.
Based on these exciting future goals of the Mushe World team, an early investor can easily figure out the true potential of the Mushe token (XMU).
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