Diversification can help in reaping potentially higher profits as the losses from one asset can be recovered from a rise in another asset. Putting all your savings into one investment instrument can be extremely risky. This is why we have selected 3 cryptocurrencies that could potentially yield higher returns and help in mitigating risk. These three tokens are Uniswap (UNI), Bitcoin Cash (BCH), and FIREPIN (FRPN). Let’s learn more about these three coins and how they can help in diversifying risk for your portfolio.
Uniswap announces integration with Enzyme Finance
Enzyme Finance is an easy to use tool for managing vaults and designing your strategies. It has been integrated with Uniswap which will allow users to create their own vaults and manage vault tickers, deposits, redemptions, shares transferability, fees, and risk management policies. Enzyme finance allows liquidity delegation at the click of a button and can help users in maximizing their yield, and also save on gas fees. It will allow passive liquidity providers to seek good returns without investing much time on the platform. Uniswap is one of the most popular decentralized exchanges powered by the UNI Token.
Bitcoin Cash to undergo a major upgrade on 15 May
The BCH Token will provide major updates due on 15 May 2022 that will help in improving the network. The Bitcoin Cash Improvement Proposals (CHIPs) that will be included are: CHIP-2021-03, which will bring bigger script integers to the chain, and activation of native introspection opcodes, directed to simplify the writing of smart contracts called covenants. These updates will help in increasing the security and speed of the blockchain network. BCH Token is widely used as a payment cryptocurrency throughout the world and has managed to introduce faster transaction times.
FIREPIN is an upcoming NFT Metaverse Gaming platform
The FIREPIN ecosystem will include an upcoming NFT gaming site along with a marketplace for trading NFTs. It will also provide options for staking and farming helping users earn a passive source of income.
The FIREPIN ecosystem will be powered by the FRPN Token which has seen a fair launch. Purchasing the FRPN Token will entitle a user to the following benefits and services.
FIREPIN airdrop rewards
2% of every transaction is distributed to token holders. Users will be able to claim tokens weekly and either sell them for profits or let them accumulate for the long term to increase the size of the holdings.
Staking and Farming
The FRPN Tokens can also be used to stake as it is a Proof of Stake platform. By staking, a user gets entitled to earn rewards in the form of FRPN tokens. Users will also be able to utilize farming techniques and gain a passive source of income.
FIREPIN gaming and NFT marketplace
Separate gaming and NFT marketplaces will be established where users will be able to trade NFTs and other merchandise and transact on the metaverse. IT will provide a one-stop platform for trading virtual goods conveniently.
The FRPN Token will be deployed on Ethereum, Binance Smart Chain, and Polygon. It will also include a native bridge for easy swaps among different blockchains. Users will be able to transfer tokens easily and save on gas fees.
The FIREPIN community will be completely decentralized and governed through a DAO. It will help the token holders to decide the future of the protocol. Becoming part of the DAO also provides a greater incentive to hold the token for the long term since token holders get a say in deciding the future of the community. Decisions will be approved by a majority vote.
Find out more about the FRPN Token at the links provided below. Adding these three coins could help to diversify your portfolio and potentially yield better returns in the long term.
Learn more about FIREPIN Token:
Join Presale: https://presale.firepin.io/register