Despite the Instability the cryptocurrency market is suffering today, it continues to captivate the attention of crypto investors and enthusiasts. For the past few months, the crypto market has experienced a significant decline in the value of cryptocurrencies and crypto-assets.
In this article, FIREPIN Token (FRPN), Eosio (EOS), and Axie Infinity (AXS) are three cryptocurrencies that are still taking over the metaverse despite the recent crypto crash.
FIREPIN Token (FRPN)
FIREPIN is a community-driven, decentralized autonomous organization (DAO) protocol built to provide the benefits of decentralized finance (DeFi), Non Fungible Tokens (NFTs) and the metaverse to its end-users. Despite being a new cryptocurrency, FIREPIN has gained immense popularity from crypto investors and enthusiasts.
The FIREPIN protocol intends to use treasury funds given from its users towards developing NFT games, three-dimensional (3D) & Metaverse Virtual Reality Games. The FIREPIN team also wants to invest directly in groups and businesses with a long-term vision of Play-to-Earn (P2E) and Metaverse games.
The FIREPIN token (FRPN) is the native token of the FIREPIN platform. The new cryptocurrency is multichain, which means it can be used on multiple blockchain networks. The FIREPIN protocol intends to employ the mechanism of Algorithmic Reserve Currency, which more decentralized assets will back. The FIREPIN protocol also aims to provide its community members with a staking, rewarding, and farming platform that will run on a proof-of-stake network for users to validate transactions based on the number of coins they contribute or stake and, therefore, earn interest.
Eosio (EOS) is an open-source blockchain platform that enables vertical and horizontal scaling of decentralized applications (dApps).
The company Block develops it. One, The Eosio (EOS) platform provides its end-users fast transaction speeds that may ultimately scale to millions of transactions per second, no transaction fees, and quick and easy deployment and maintenance of decentralized applications in the context of a governed blockchain.
The Eosio (EOS) team also aims to deliver excellent security for its users and to unlock flexibility and compliance for businesses and enterprises in the cryptocurrency market. EOS is the official coin of the Eosio (EOS) platform. Currently, the currency has a circulating supply of 936 million and a total supply of 1.02 billion tokens. The Eosio (EOS) protocol has a rewarding system that rewards the end-users that run the network periodically with new EOS coins, effectively substituting inflation for transaction fees.
Axie Infinity (AXS)
Axie Infinity (AXS) is decentralized, blockchain-based trading and battling gaming platform granting its players partial proprietary rights. Axie Infinity (AXS) allows its players to breed, raise, and battle Non-Fungible Token (NFT) creatures known as Axies.
AXS is the official governance token of the Axie Infinity ecosystem. It stands for Axie Infinity Shards, and its holders use it to partake in key governance votes and participate in decision-making processes involving the Axie Community. Built on the Ethereum Blockchain, the Axie Infinity (AXS) token is an ERC-20 token secured by Ethereum’s proof-of-work (POW) consensus mechanism.
In the future, the Axie Infinity team intends to include a staking and rewarding system in the Axie infinity ecosystem where users will stake their tokens to receive regular rewards.
Despite the volatility of the cryptocurrency market and the recent crash it is experiencing, these three tokens have the potential to offer unique opportunities for decentralization in the metaverse.
FIREPIN Token (FRPN);
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