The development of technology since the dawn of the new decade has been fast-paced, and innovation is at an all-time high. The latest technological advancements have seen amazing such as the digital space record new milestones, setting high-achieving goals, and reviewing life-changing blueprints on the way forward with digital tech with VR and AR-centric projects receiving a lot of attention.
At the helm of this, cryptocurrencies have taken a bold step forward in creating a feasible, working, open-source digital system. With crypto tokens like Decentraland (MANA) pioneering the virtual world, which we have come to know as “the metaverse,” and novel projects like Fincrip Protocol (FCP) indicating their interest in contributing to the improvement of a virtual ecosystem by deploying an immersive and limitless experience in virtual space exploration.
Here’s a mini-guide on all you need to know to decide to diversify your portfolio with these tokens. Let’s get to it.
What is Fincrip (FCP)? – All you Need to Know About Fincrip Protocol
Just another token in the congested sea of cryptocurrencies, you might think. What’s special? Why not just stick to conventional Bitcoin (BTC)?
The emergence of new tokens since the bull run last year has seen rise and fall projects, rug pulls, sluggish initiatives, and the lot. The truth is, these poor projects had signs of a fugazi. Still, they quickly took advantage of the booming market and all the excitement and, unfortunately, hoodwinked a lot of market participants.
Fincrip protocol (FCP) is different from the bandwagon in that it is not pushed around by hype and its perceived mission statement from studying the project’s whitepaper indicates that it would contribute to the adoption of web3 and blockchain technology.
The protocol combines real and virtual communities empowering users to use blockchain technology to create and trade breathtaking futuristic and utopian assets within the Fincrip universe. Fincrip Protocol (FCP) makes trading in these assets easier. Individuals can personalize their spacecraft and embark on a journey into the distant future.
Why Join Fincrip Protocol (FCP)?
The internet is indeed a web; shockingly, you might not have explored the smallest of measures of the web. This online archive has been narrowed down to social media as the demand for social interaction keeps giving. Spending hours on end that cumulatively add up to years peering into our screens, doom scrolling on our favorite social platforms is no surprise, and you would expect such time investment to be met with a corresponding compensation, but this is not the case.
With Fincrip Protocol (FCP) introducing the “SPACE” concept, an expansive universe that houses interconnected worlds, users can interact with other gamers uninterrupted, experience ethereal atmospheres, be their architects, and get this, still, earn real-value assets in FCP token and NFT assets.
How Does Fincrip Protocol (FCP) Work?
Fincrip Protocol is a fantastic platform for the development of futuristic innovations that offers users from all over the world a wide range of distinct experiences. Fincrip Potocol’s (FCP) framework is centered on acquiring fabled space capsules or UFOs and cutting-edge products such as personal robot assistants, holograms, and visually stunning space travel experiences that employ the use of AR/VR and MR. These products/assets can be traded on the Fincrip marketplace for FCP tokens.
A user can dispatch their Spaceship to generate $FCP tokens. Visuals, consumable water globs, hyperloops, pod cars, spaceships, virtual space, territories, lands, and futuristic shopping and entertainment complexes are all valuable assets.
Using the Fincrip Protocol, users can create and trade the items above in the future. Creations and concepts for the future can be developed and exchanged on the platform via the FCP coin.
Fincrip Protocol (FCP) Tokenomics
A wide range of users will implement the Fincrip protocol, so there must be a consistent incentive scheme that aligns the interests of the person with those of the initiative if these users and the project work together productively toward common network goals.
Only 100,000,000 (one hundred million) FCP tokens will be available to the public.
To ensure token holders have access to liquidity, Fincrip tokens will be offered on DEXs. Plans for the future include expanding FCP’s listing on major exchanges (CEXs).
Fincrip token utility covers these three functions:
- Staking
- Governance
- Security
Coin-Based Dynamics
Fincrip tokens are MATIC standards issued on the Polygon Blockchain network.
Voting:
Any address holding a minimum number of FCP tokens will be allowed to submit suggestions for the Fincrip Protocol once the DAO is operational. In this case, the community as a whole weighs in and votes on suggestions and ideas regarding the project.
Token Burning:
Through a process called “burning,” the total number of FCP tokens will be drastically reduced. Tokens’ value is expected to rise steadily thanks to this approach. This deflationary technique has been tried and tested by older cryptocurrencies like Bitcoin (BTC) and has been incorporated into the protocol.
Why Buy Fincrip Protocol (FCP)
Big tech has decided to develop cutting-edge gaming and virtual reality technology. Projects like Fincrip Protocol that flag the VR/AR flag are potential goldmines and may receive collaborations from big corporations. This alone can drive up the token value.
The limitless possibilities that come with the immersive gaming experience would be a catch for gamers. This singular act of choosing to entertain rather than be profit-oriented would give room for easy acceptance by the gaming community, which totals over 2 billion people around the globe.
With the protocol’s indulgence in space-themed visual products, being the first in the industry to kick off with this idea; puts it at a great advantage. Also, Statista has published research showing that by 2024, global investment in blockchain technologies will reach roughly $19 billion, up from $6.6 billion in 2021. That’s because plenty of other businesses are beginning to use the tech, including various space programs.
What is Decentraland (MANA)?
On account of turning your attention to cryptocurrencies that are at the forefront of improving the concept of digitization, Decentraland (MANA) is a leading father in the industry.
According to Coinmarketcap, the cryptocurrency Decentraland (MANA) is currently in first place among gaming cryptocurrencies regarding market value. Decentraland (MANA) is a virtual reality (VR) game that has become a hit since it was first developed and made available to the public.
Although it started off slowly and gradually gathered up speed, it has now positioned itself as the leading blockchain-based game on the market. The fact that Decentraland is designed and runs on the Ethereum network provides it an advantage over competitors since the Ethereum chain controls more than 80 percent of the market share for the blockchain gaming ecosystem.
Why Buy Decentraland (MANA)
In point of fact, Decentraland (MANA) is still among the most popular games — and tokens — available on the market. Market participants have seen a five-fold return on their investment in Decentraland (MANA) during the past year.
Decentraland’s prominence as a significant metaverse game will push the adoption of MANA. Additionally, institutional traders are drawn to the offering that Decentraland (MANA) provides, which causes large price changes towards the upside.
For market players with a longer-term bullish outlook on the metaverse, the economic outlook of Decentraland (MANA) may be more appealing than the hazards.
Success in the crypto space comes down to a variety of factors, and one of them is portfolio diversification. Loading your wallet with the right coins that have the potential to grow your holdings by 10x is worth all the research.
Do your due diligence and make out your findings on both projects. Still, these two coins have been rumored to be at the top of the food chain in no distant time. Put them on your watchlist.
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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