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Since the creation of pioneer cryptocurrencies like Ethereum, more cryptocurrencies have been introduced into the cryptocurrency market. These new cryptocurrencies provide a variety of real-world use cases ranging from serving as a means of payment to serving as a source of passive income for individuals. Fortrex: Colors Duel (MAGG) is one of these new cryptocurrencies, and in this article, we will learn about the features it possesses and how it might just be the next Ethereum (ETH).
Fortrex: Colors Duel is an open-source, decentralised community-oriented protocol that aims to be the world's relevant gaming and finance (GameFi) network. The Fortrex: Colors Duel ecosystem is focused on creating and developing a wide range of diverse, fun, and addictive games at the crossroad between gaming and decentralised finance (DeFi).
Fortrex: Colors Duel was created to solve the problem of over-centralization of decisions and wealth that affects the traditional gaming industry. The Fortrex: Colors Duel team believes that the protocol's gaming and finance (GameFi) decentralised model will create values for users and gamers. The values include but are not limited to:
The Fortrex: Colors Duel (MAGG) protocol boasts of incorporating the experience of its team and Web 3.0 development to deliver fun games to its users and gamers and develop a sustainable decentralised economy around them.
The Fortrex: Colors Duel ecosystem possess two main tokens: MAGG and CAT. The MAGG token is the ecosystem's governance token. It is an ERC-20 token built on the Ethereum blockchain. The token is utilised as voting power in the protocol's decentralised autonomous organisation. There will be a total maximum supply of 100 million MAGG tokens.
The CAT token is the official game token of the Fortrex: Colors Duel protocol. It is also an ERC-20 token built on the Ethereum (ETH) blockchain. The token has a total maximum supply of 100 million tokens. The Fortrex: Colors Duel protocol intends to offer a 16% bonus for users who purchase the MAGG token using Ethereum.
Regarded as one of the biggest blockchain networks in the world, Ethereum was created by 20-year-old Russian-Canadian computer programmer Vitalik Buterin. Ethereum is an open-source, peer-to-peer decentralised network that supports the development of decentralised smart contracts and decentralised applications (dApps). Ethereum is the pioneer blockchain network to support the execution of decentralised smart contracts.
Ethereum (ETH) utilises a Proof-of-Stake (PoS) consensus mechanism to secure its network. The blockchain network aims to provide access to financial services for every individual with a more private internet. The Ethereum (ETH) network is censorship-resistant as its decentralised feature makes it nearly impossible for third-party interference to occur.
The Ethereum network also builds products that are compatible with other networks. Ether, symbolised as ETH, is the native utility and governance token that powers the Ethereum blockchain. The ETH token is utilised as a means of payment of transaction fees on the blockchain. There are currently 121 million ETH tokens in circulation.
The many features associated with Fortrex: Colors Duel can benefit crypto users and enthusiasts alike. Purchasing either of these cryptocurrencies is a good idea as they are both potentially profitable options.
Website: https://fortrexcolorduels.com/
Telegram: https://t.me/FortrexColorDuels
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
