FIREPIN Token (FRPN) and Cardano (ADA); 2 ‘Ethereum killers’ To Watch This Month
Ethereum (ETH) is the second-largest and for good reason. Even though it was created 6 years after Bitcoin (BTC), its value and ecosystem have grown tremendously and it has surpassed so many older coins such as Litecoin (LTC) and Ripple (XRP) to become the second most valued crypto in terms of market capitalization.
However, the project didn’t address most of the major problems associated with Bitcoin (BTC) like low scalability and high gas fees and this has led to the birth of coins called “Ethereum killers”. These are platforms with plans to address Ethereum’s major issues and in the long run, replace it in the crypto world. Two such cryptos are FIREPIN Token (FRPN) and Cardano (ADA).
FIREPIN Token (FRPN) In Phase 2 Of Presale
FIREPIN Token (FRPN) is a community-driven DAO (decentralized autonomous organization) platform with plans for metaverse integration. It is a decentralized protocol based on the FRPN Token, collateralized and backed by the metaverse DAO. The platform has plans for a multichain swap portal that will allow users to purchase the token at the best possible price on various blockchains. The blockchain networks available include Ethereum (ETH), Polygon (MATIC), Solana (SOL), Avalanche (AVAX), and Binance Smart Chain (BSC).
FIREPIN Token (FRPN) has plans for an NFT marketplace and to offer staking and farming options. The project will also be rewarding its users for holding the token in their wallets. For each transaction, a 2% fee will be deducted from the order and added to an airdrop pool. Existing token holders will receive an airdrop of tokens every week. This is a great avenue for passive income and a good incentive for people to hold the token. FRPN is the native currency of FIREPIN Token. To maintain price stability, the platform will use the Algorithmic Reserve Currency mechanism which will be backed by additional decentralized assets.
FIREPIN Token (FRPN) will use treasury funds from users towards NFT game development, 3D and Metaverse VR games as well to invest directly into corporations that have long-term plans for play to earn and metaverse games. The project is community-led and will make major decisions based on the contributions of its users and token holders. FIREPIN Token (FRPN) is currently in its second phase of presale which will move to phase 3 next week.
Cardano (ADA) is the first blockchain platform to be founded based on peer review research. It is operated with Ouroboros which is a security protocol based on the proof of stake (PoS) consensus mechanism. It claims to be a blockchain platform for change-makers, innovators, and visionaries with the tools and technology to cause positive change globally. The network is named after Gerolamo Cardano, an Italian mathematician, and the currency ADA is named after Ada Lovelace, an English mathematician and also the first computer programmer.
The native token of the Cardano blockchain is ADA. It can be delegated to a stake pool to earn rewards and to participate in the successful running of the network. The network promises more uses of the token on the Cardano platform in the future. It can be stored using a Yoroi or Daedalus wallet which are the primary wallets of the Cardano ecosystem. It can also be stored on other third-party wallets that support it. On CoinMarketCap, Cardano is one of the top ten cryptos and has a market cap of over $29 billion.
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