Will HachiFi Follow in the Footsteps of Bitcoin And Dominate the Crypto Space?

The concept of utilizing digital currencies and replacing fiat currencies has given rise to various cryptocurrencies in the coin market. Bitcoin (BTC), the OG of cryptocurrencies, remains unbeatable and has altcoins like HachiFi (HACH) trailing in its tracks.

These altcoins are striving to get to the level Bitcoin (BTC) has placed itself, and it seems like an impossible task to achieve. However, many have succeeded in dominating the coin market alongside BTC.

Bitcoin (BTC) has set a standard for AltCoins to follow, which many other coins did. Are there possibilities of HachiFi (HACH) taking over the cryptocurrency ecosystem like Bitcoin (BTC) did? This article will help us see them.

What Does HachiFi (HACH) Do That Others Don't?

HachiFi (HACH) is a layer-3 decentralized protocol with new concepts that revolve around NFTs, DeFi, DEX, and much more. It aims at restructuring the way the world of Decentralized Finance (DeFi) is designed to work, giving its users additional opportunities in the crypto ecosystem.

The concept of the HachiFi (HACH) platform is that users buy the HACHI token, a BEP-20 token, which comes in the form of an egg, then the user takes care of this egg which will hatch into an animal ( NFT) that can be sold in the NFT marketplace.

HachiFi (HACH) is derived from two words: Hachi, meaning 'eight' in Japanese, and DeFi, hence the name 'HachiFi'. Holders of the HACH token will be able to breed NFTs in the form of Tamagotchi. Tamagotchi is a Japanese electronic toy that displays an animal that needs to be taken care of by its owners.

The HACHI token is not limited to just breeding NFTs; holders can utilize it in several ways, which include staking, peer-to-peer transactions, yield farming, and much more.

The HachiFi (HACH) platform comes with rewards for first-timers and dedicated users. A 3% bonus is apportioned to users who buy HACH with at least $250. Users who refer their friends to the platform with a referral link can get a bonus of $75 if the referee purchases HACH for $200. The referee is also eligible for a $75 bonus when they buy HACH.

A total of 1 billion Hachi tokens will be supplied, 10 million will be released for the pre-sale, and a minimum vesting period of two months. The pre-sale is live on the website, and interested individuals are invited to join.

Bitcoin (BTC) Birthed Cryptocurrency

Bitcoin (BTC)  brought to life the utilization of digital currencies that are decentralized, scalable, and secure. Bitcoin (BTC) is the first-ever cryptocurrency in the crypto space. It is the biggest and most successful coin in the cryptocurrency market.

The inception of Bitcoin (BTC) came as a result of trying to eradicate the involvement of financial institutions acting as an intermediary when online payments are carried out.

In 2009, when Bitcoin (BTC) was invented, most people did not believe it would be a viable currency. Little by little, the idea of transacting with a digital currency and how easy it would make life was bought by many individuals who started seeing a future with Bitcoin (BTC). Since then, it has remained at the top of the cryptocurrency market.

Bitcoin (BTC) has just 21 million of its coins in circulation, and new coins can only be obtained through mining. Crypto enthusiasts can purchase Bitcoin (BTC) from almost all exchanges available in the crypto space.

As the first cryptocurrency to appear in the market, Bitcoin (BTC) has created a community of dedicated users who utilize Bitcoin (BTC) daily. It is no news that Bitcoin (BTC) has made many millionaires, and more may come in the coming years if it remains relevant.

The HachiFi (HACH) project can help the token dominate the crypto space. The concept of yield farming and NFT breeding is unique, which can make utilizing the token throughout the cryptocurrency market achievable. Taking over the crypto space is possible as long as it maintains the standard of its project.