Over the past few years, Web3 and the Metaverse concepts have created a lot of buzz in the tech space. Massive adoption of this technology has led to significant growth in the metaverse space.
As of August 2022, the total market capitalization of the popular metaverse coins and tokens was well over $14 billion, according to coinmarketcap.
Due to this exponential growth and adoption, several cryptocurrency-based platforms are entering the metaverse space. Fincrip is one of these platforms. This article will discuss Fincrip. We will also consider Shiba Inu, a project that benefited greatly from mass adoption in the crypto space.
Like other Metaverse projects, Frincrip allows its users to live out their fantasies through its services. Frincrip accomplishes this goal by centering its exploration and space travel objectives.
As of 2021, a trip to space with SpaceX (one of Elon Musk's companies) would cost you a whopping $55 million. Aside from the enormous price tag, one must undergo various training and health tests to qualify for space exploration.
Not everyone can afford that. With Frincrip, however, any individual looking to explore space can now do so without bothering about the price tag and the formalities. You can explore space from the comfort of your home, all with incredible realism.
In addition, the Frincrip metaverse offers users the ability to build, create, and acquire various digital assets like lands, spaceships, and even homes. These assets can be traded on the Frincrip marketplace for profit to generate additional income.
The Fincrip protocol also offers users a place to create all sorts of interactions, where users can socialize with one another in the virtual universe. Fincrip has its native token, $FCP. It is a multipurpose token that will serve as currency in the metaverse, making it the native asset for trading in the Fincrip ecosystem.
Holders of this token will also have the power to vote on the project's future decisions and new changes to be made as the metaverse advances. The more tokens you have, the more voting rights you have.
The Fincrip project is built on Polygon's protocol technology, which is a plus in that it shares similar properties with Polygon. These properties include interoperability, swift transactions, and a user-friendly interface. Another project that shares similar properties with Fincrip is Shiba Inu.
The Shiba project was created as an experiment in community governance, but it quickly turned into a multibillion-dollar project. The token was completed in August 2020 by its pseudonymous inventor, Rytoshi.
Shiba Inu is often regarded as the Dogecoin killer because it runs on a more versatile proof-of-stake consensus network. Dogecoin, on the other hand, runs on the proof of work consensus mechanism.
Being on a PoS network, Shiba Inu gives it an upper hand in that it supports smart contracts, which facilitates the creation of decentralized applications.
Shiba Inu runs on the Ethereum blockchain. The Shiba ecosystem also consists of two other tokens, $BONE, a governance token; any $BONE holder will have a say in the decision-making process in Shiba's future.
The other is $LEASH. The $LEASH token was initially created to track the price of Dogecoin (DOGE) but was soon decommissioned and now serves as a store of value. It is given as a reward to those who provide liquidity.
Shiba Inu's ecosystem consists of a decentralized exchange called Shibaswap. The Shibaswap function allows token holders to trade their tokens for other cryptocurrencies without needing an intermediary.
This service helps reduce fees and add liquidity to the market. Shibaswap allows token holders to stake their tokens and earn interest. Shiba Inu's success is attributed to its ever-growing community. Over 585k members have joined as of August 2022, which shows the overall growth and progress of Shiba Inu.
Fincrip and Shiba Inu share many similarities; they run on proof-of-stake consensus mechanisms. Fincrip, like Shiba Inu, also encourages community endorsement. Nonetheless, Fincrip has a secure future as mass adoption continues. Join the project to enjoy all the benefits.
Website: https://fincrip.io/
Telegram: https://t.me/FincripTokenOfficial
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