How Does HypaSwap Compare To Crypto Industry Leaders Like Decentraland And Internet Computer?

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Introduction

Cryptocurrencies are on the rise, and it’s the topic on everyone’s lips in the financial world. It is now discussed in art culture, thanks to the emergence of Non-Fungible Tokens (NFT). Cryptocurrency continued its popularity in 2021 and made good profits. However, the year 2022 has been disappointing for the crypto community. 

The recent crypto market crash has plunged 50% value of all cryptocurrencies. While there have been small surges recently, the crypto market is largely stalled. Some experts say that crypto prices could fall further, even before any substantial recovery. However, it is the best time to look for new cryptocurrencies that can give massive profits in the future. In this crypto crash, presale stage cryptocurrencies look like the best option expected to give good returns in the future. Hundreds of presale-stage cryptocurrencies are released every day. Therefore, it is important to choose the right projects that are likely to get support and gain value in a short period. 

Decentralized Finance (DeFi) is one of the most important sectors in the crypto space. It aims to revolutionize the entire financial system. From lending and borrowing platforms to stablecoins, the DeFi network is rapidly expanding with integrated protocols and financial instruments. DeFi is going to be a billion-dollar market. Projects focusing on DeFi technology will likely grow and gain value more quickly than other cryptocurrencies. One of the projects is HypaSwap (HYPA).

HypaSwap (HYPA) is a new cryptocurrency that will change the traditional banking system into a much more flexible framework where users can lend and borrow money without going through unnecessary hassles. The platform has created a robust system and a comprehensive structure for community members to actively participate in collateral swapping and staking without worrying about losing capital to fraud or default loans during transactions. 

HypaSwap (HYPA)

HypaSwap (HYPA) is a community-oriented decentralized, non-custodial liquidity protocol developed on Ethereum with the main focus on lending and borrowing. This platform has a robust system to make transactions without the risk of losing capital to fraud or default loans. It aims to have very strong market positions and bring DeFi to every corner of the world.  

 HypaSwap (HYPA) will be governed by a DAO consisting of team and community members. The DAO will be used to maintain order in the community and give conclusions on controversial matters. It understands the concern of possible vulnerabilities of the system. Therefore, it will take preventive measures that will help deal with issues.   

The team ensures low gas fees to allow crypto traders with small capital to borrow assets easily and ensure good profits with ease. Furthermore, as many DeFi protocols exist in the crypto market, the team ensures a secure platform, following a progressive approach toward compliance and risk mitigation.

Moreover, it will make a planned and aggressive approach to cover all shortcomings and risks associated with the DeFi sector and the crypto community is facing at the moment. The platform will be truly governed by the community, with team members receiving a portion of HYPA tokens during allocation. It will ensure governance and voting power remain with the community and cannot be influenced. The HYPA token is the primary token for activities like interest rates, staking incentives, and penalties. The token can be earned and bought at the current market price from the crypto exchanges. 

Internet Computer (ICP) 

Internet Computer (ICP), founded in 2016 by Dfinity, is a decentralized one of the fastest and first blockchains in the world that serves content on the web with unbounded capacity. It represents itself as a third-generation blockchain innovation. It aims toward a decentralized web infrastructure that is entirely run by nodes, smart contracts, and censorship-resistant websites. This platform attempts to offer fundamental alternatives so that developers build websites and other internet services, like social media or messenger applications, using the technology. Further, it incentivizes open-source and transparent software development. 

It is a global, decentralized blockchain network that runs on specialized hardware in independent data centers. These data centers combine the power of individual machines to host and run internet-native software with the same security standards as smart contracts. It also aims to integrate internet standards, which include Domain Name System (DNS), and serves users directly through web browsers on their PCs or mobile devices. 

This platform has erroneously been called an “Ethereum Killer.” Still, its purpose is simply to boost the Ethereum network’s resilience. It powers platforms and applications with smart contracts similar to those found on the Ethereum blockchain. It works towards the goal of extending the internet and making it a solution on which the entire world can build. 

Internet Computer (ICP) changes the internet from the connection of private servers, centralized and controlled through powerful organizations, to decentralized systems with no censorship or central authority. Native Token of Internet Computer, ICP, is used for governance, computing power, and rewarding participants. 

As a governance token, ICP allows users to “dissolve” their tokens, which means locking them inside “neurons” allows participants with voting rewards and can vote automatically in the form of “liquid democracy.” The voting power of neurons, as well as voting rewards, are directly proportional to the following factors: 

ICP concentration in neurons, Length of “dissolve delay,” which is time that must pass before a neuron may fully dissolve and release its locked tokens. The dissolution delay can be set via the online administration interface for the neuron by any user engaging in governance, “Age” of a neuron, i.e., the period since a neuron was created or last stopped dissolving. 

Decentraland (MANA) 

Decentraland (MANA) launched in 2017, a decentralized metaverse built on a unique premise. This platform offers users an entirely virtual world where they can trade, create, operate, and monetize content and applications, which Decentraland users can experience. 

It offers users innovative blockchain architecture that uses virtual reality and open-source technologies in which they can own and fully control virtual land in Decentraland, which can be claimed by purchasing blockchain-based parcels. Furthermore, users can choose what to do with their virtual real estate. Making games, 3D scenes, or virtual billboards are a few examples of application cases. 

Decentraland (MANA) has taken blockchain by storm with its metaverse trend and offers land, which is available as NFTs on Ethereum. It can be used to purchase digital goods and services in the metaverse. Users can immerse themselves in a traversable 3D world without the constraints of a single centralized organization watching over them. 

This platform offers avatars that can be customized, and users can choose between hundreds of outfits for them and accessories. In addition, each avatar has been given a passcode allowing it to explore the virtual reality world and interact with other users through purchases and trades. Users will have the ability to build scenes and complete environments on this platform. It also offers users a Scene Pool that contains contributions from its members. Its marketplace offers a variety of different wearables (outfits) for avatars in addition to blocks of real estate. 

Final Verdict

HypaSwap (HYPA) is in the presale stage and has the potential to skyrocket in value. It will be a hotspot of a decentralized economy with primary features of lending and borrowing. The team is looking forward to joining with marketing advisors, cybersecurity analysts, and other third-party associates to aid HypaSwap (HYPA) spread DeFi lending/borrowing services worldwide. 

Internet Computer (ICP) is accessible to anyone in the world. Still, despite the latest technological advances, ICP is not much different from other cryptocurrencies. Moreover, it still needs many years of development work before it can be deployed securely at scale. Whereas Decentraland (MANA) lacks variation, and users do not come across others, and when they do, there is no interaction. HypaSwap (HYPA) also gives 6% cashback if you purchase tokens in the first presale stage and 4% in the second stage. Moreover, you can get a $50 reward if your referral spends $200 on the platform. 

For more information on Big Eyes (BIG), you can visit the following links:

Presale: http://join.hypaswap.io/

Website: http://hypaswap.io/

Telegram: https://t.me/HypaSwap


Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff. 


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