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The emergence of cryptocurrencies has caused many minds to reimagine how the financial system functions. Society has become used to these technological advancements, and a few individuals have gained substantial fortune due to their usage.
This article will examine three NFT projects (two that have already launched and one that is currently in pre-sale) that you should watch.
Members of the Bored Ape Yacht Club's NFT collection received their cryptocurrency, ApeCoin (APE), in March 2022. ApeCoin has surpassed rivals such as Decentraland (MANA), The Sandbox (SAND), and others to become the biggest NFT coin in terms of the market capitalisation of $4.2 billion within a month of its launch.
APE is the APE ecosystem's ERC-20 utility and governance coin. It enables the development of a decentralised APE community at the cutting edge of Web 3.0.
APE is administered by the ApeCoin Decentralised Autonomous Organisation (DAO) and is funded by the APE Foundation. APE holders may vote on governance ideas for the DAO and have access to APE-exclusive features like games, events, and services.
Decentraland (MANA) aspires to establish a virtual shared space entirely owned and governed by its members.
In a nutshell, Decentraland is a platform powered by blockchain technology that enables the development of augmented reality lands where users can purchase, sell, or rent land parcels that are stored as NFTs on the Ethereum (ETH) blockchain.
As a decentralised virtual reality platform, Decentraland enables users to construct their virtual reality worlds, sell their content, and even earn Decentraland tokens by hosting other users in their virtual reality world.
MANA was launched at $0.024 during its initial coin offering (ICO) and hit an all-time high of $5.90 on 25 November 2021, yielding approximately 24,483% gains. At the time of writing, the MANA token has fallen to $2.05.
Quitriam Finance (QTM) is a pre-sale project actively developing a fun ecosystem consisting of mithril mines, furnaces, and forges.
Users inside the Quitriam ecosystem can harvest mithril, a virtual material used to manufacture NFTs and other in-game items such as armours and other mediaeval-inspired equipment that generate revenue and can be traded for Quitriam Finance's cryptocurrency, QTM.
Quitriam Finance takes this a step further by seeking to build an all-in-one P2E platform equipped with a native decentralised exchange (DEX) called Quitriam Swap that enables users to swap their tokens without leaving the platform.
The QTM coin is the protocol's native token. QTM holders will be able to access liquidity mining services through a one-click interface.
Quitriam Finance's primary offering will be a decentralised exchange. The platform's objective is to assist retail customers in gaining access to yield farming platforms and establishing a passive revenue stream via liquidity mining.
Quitriam Finance's environment will serve as an incubator for new coin launches and provide liquidity solutions since the network includes a decentralised exchange. NFTs will be interchangeable across chains.
Quitriam's objective is to alleviate bottlenecks in the decentralised exchange (DEX) industry. Currently, most decentralised exchanges charge substantial withdrawal fees for liquidity pool tokens, with users not getting a total share of the fees.
Quitriam's decentralised exchange's interoperability with many different chains will make quick swaps across several blockchain networks possible. Additionally, since Quitriam Finance is a multichain network, it circumvents the problem that other Ethereum-based DEXs suffer.
Pre-sales are an excellent way to get a piece of the action when new and successful cryptocurrencies are launched. There are various advantages to investing early in Quitrium Finance.
To name a few, investing in presale allows you to acquire QTM at a discounted price, enabling you to purchase more and gain much more from them.
Additionally, you'll get exclusive access to incentives, free airdrops, and the ability to trade QTM tokens on exchanges ahead of their widespread acceptance.
QTM is now accessible at a fair price and has the potential to rise in value by 50x or 100x due to its compelling use case, which might mirror the success of ApeCoin and Decentraland.
Disclaimer: The information posted in the article is for educational purposes only. By using this, you agree that the information does not constitute any investment or financial advice. Do conduct your own research and reach out to financial advisors before making any investment decisions.
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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.
