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- Industry
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The popularity of meme coins over the years has skyrocketed, and many stakeholders have benefitted from deciding to buy into the projects. New meme coins keep popping up daily, with experts and enthusiasts analyzing these coins and predicting their potential. Coins like Monero (XMR), Dogecoin (DOGE), and FreeWoly (FWO) are meme coins that experts have their eyes on.
Since Dogecoin (DOGE) skyrocketed and took the cryptocurrency world by storm, other meme coins have emerged, intending to replicate its success. There have been some who have been successful, while others have not quite met their goals.
One coin striving for stardom in the cryptocurrency industry is the FreeWoly (FWO) coin, and many industry experts believe it has the potential to reach the same heights as Polygon (MATIC) and Algorand (ALGO)
FreeWoly (FWO) might be the most exciting one out of all the crypto projects. Its unique interface and operability will make it to the crypto market's top. FreeWoly is a new memecoin project with a new and exciting approach.
FreeWoly introduces a new and entertaining game concept of the Augmented Reality Play2Earn game. The game is created as a fun, user-friendly, rewarding idea packed with fun moments and a chance for users to earn from its play-to-earn (P2E) model.
Woly is a cool-looking sheep who is also funky. He lives in a time when animals rule over farms rather than humans. The animals are special, and unlike the animals we know nowadays, these animals need to be plugged in and recharged; they also have tasks and different jobs to perform.
Woly is not left out of the action; he has the most important and exciting job. He has the job of getting items to be used back on the farm. His job is to go outside the farm and gather the necessary things the other farm animals need.
As a player, you are responsible for ensuring that Woly can explore the outer world without suffering damage. You will help him construct the farm to a higher level, leveling it up and managing it. The longer you play the game, the more developed the farm grows, and the more FWO tokens you will gain. These FWO tokens may be traded for real-world currency outside of the ecosystem.
Many could mistake the game concept with FarmVille, but that's not the case. FreeWoly (FWO) has a twist that distinguishes it from the popular game. Augmented reality is essential to the game's identity as it adds a fun and more exciting experience.
The game is going to be the best of both worlds experience. Players will get the immersive farming experience in FarmVille, merged with the augmented reality technology of Pokemon Go. So imagine Farmville, but a whole lot better.
The game setup allows users to set up the farm in their sitting rooms, kitchens, and rooms. The augmented reality technology will enable them to stitch the farm, which is then overlaid onto authentic life images and surfaces captured by the device's camera.
When the player steps out, the game comes up with the map mode; in this mode, players have to collect animals like sheep, pigs, chickens, ducks, and many more to add to the farm. The player can play mini-games and gather items like wood, farm tools, and farm machinery that help improve the farm.
During the course of the game, participants are rewarded with virtual coins known as FWO. The players can increase their earnings through the animals since each animal has the potential to be minted as a one-of-a-kind NFT. Depending on the rarity, many farm animals have their species. The more frequent animals with standard traits are available for fewer tokens than the rarer animals with distinctive characteristics.
FreeWoly (FWO) also has a marketplace that allows players to trade the farm animals with other players or sell their farms in exchange for (FWO). This makes the ecosystem a good source of income for the players, game developers, and stakeholders.
The token has a supply value of 900,000,000, and 7% will be dedicated to Marketing and Community, 8% will be sent to oancakeSwap; 30% will be released during the presale, while 55% will be burned and redistributed.
Algorand's (ALGO) approach to the blockchain industry accelerated its rise to the industry's top. It is now known as the first and only blockchain that has achieved complete decentralization, scalability, and security without lacking behind in any area while maintaining the ecosystem.
Algorand (ALGO) prides itself on its problem-solving skills that serve as the backbone of the blockchain. It saw the industry's problems and developed ways to tackle and solve those issues.
Algorand (ALGO) successfully removed the barriers that for years limited the adoption of blockchain by applying a more operable form of proof of stake that maintains the safety of the blockchain and ensures that no new coins can be created from thin air.
Algorand (ALGO) was launched in 2019, and the supply cap was placed at 10 billion tokens. Out of the 10 billion, 20% of the capped supply went to Algorand (ALGO), which it used on its websites. Algorand also made use of 5%, which was used to develop the project.
An estimated 25 million were sold to users in Algorand's initial coin offering, and the Algorand (ALGO) Foundation will auction 2.5 billion. The Algorand (ALGO) team set aside 1.9 billion to give users as rewards for taking part in the Algorand network. Another 3.1 billion ALGO will be given to users running relay nodes.
Formerly known as Matic Network, Polygon (MATIC) is a popular cryptocurrency placed on the top 15 cryptocurrency list by market capitalization. Polygon (MATIC) was created to be a solution to the issues of Ethereum (ETH); users have even called it "Ethereum's internet of blockchains."
Polygon (MATIC), established in 2017, provides support for over 7,000 decentralized apps (dApps) that operate without the need for middlemen. Polygon (MATIC) uses the base currency token known as MATIC to administer the network and pay the transaction fees associated with using the network.
It differs from conventional currencies in that its quantity is capped at around $7.4 billion, and its design ensures that there are never more than 10 billion coins in circulation at any given time.
Their proof of stake system rewards users for maintaining the network and verifying transactions. The future of Polygon (MATIC) is bright as it is now part of the 2022 Disney Accelerator, which focuses on innovations like augmented reality, non-fungible tokens, and AI as future storytelling efforts.
Proof of stake depends on individuals staking their tokens, locking them up to qualify for staking rewards. However, there is risk involved, and it is possible to lose all or a portion of your investment, according to experts.
Different crypto companies keep coming up with other solutions to solve the Industry's problems. It's fair to say that the community is growing due to these innovations, and it would be best to take part in these companies if you are looking to gain massive profits from them.
