If you’ve been watching out for new token presales, you’ll have come across the name FIREPIN Token (FRPN), a coin with a fantastic utility and potential, so compelling that many have suggested it could be just as highly profitable as Ethereum Classic (ETC) and LIDO DAO ( LDO).
Ethereum Classic (ETC)
Ethereum Classic (ETC) is an open-source, decentralized, blockchain-based distributed cryptocurrency platform that runs smart contracts. It was formed in 2016 due to a hack of The DAO, a smart contract that operates on the Ethereum blockchain. The original blockchain was split in two, with the majority of users choosing to reverse the hack and return the stolen funds. According to the coin’s white paper, “Ethereum Classic provides a permissionless way to manage digital assets without the need for intermediaries, such as banks and other institutions. “Ethereum Classic allows you to rewrite, deploy and execute uncensorable smart contracts. ETC enables truly unstoppable programmable money.
An Ethereum Classic price prediction for 2022 suggests that the coin could potentially go as high as $42 this year before reaching $50 in 2023 and $51 in 2024. After the same year, it is projected to sell at around $62, while in 2030, it could reach as high as $195.
Lido (LDO)
Lido (LDO) is an Ethereum-based liquid staking platform supported by several blockchain staking networks. The platform allows users to stake any amount of Ethereum (ETH) with an easy-to-use user interface that eliminates the typical complex infrastructure featured on crypto platforms.
For Lido, the goal is to eliminate the common problems associated with staking Ethereum (ETH), namely inaccessibility, immovability, and illiquidity. The platform enables users to engage in cross-platform collaborations, diversifying investment and boosting returns.
Holders can use their staked ETH across DeFi applications and marketplaces like Sushi, Yearn, and Curve. And when you stake with Lido (LDO), you receive staked ETH in return. StETH represents the value of your initial staking deposit and your daily staking rewards, and the balance increases daily as your rewards trickle in.
You can also use these stETH balances like regular ETH to earn yields and lending rewards. Though launched in 2020, research shows that the total value locked (TVL) in Lido has exploded since the start of 2022.
FIREPIN Token (FRPN)
FIREPIN Token (FRPN) is a new Metaverse coin that allows users to efficiently deal with the various blockchain networks. The FIREPIN Token is multichain, meaning you can use it on multiple networks. To ensure price stability, FIREPIN employs the Algorithmic Reserve Currency mechanism, which will be backed by additional decentralized assets.
Following the success of its presale, investors have begun to witness significant growth in their investments already. Holders believe that the token has all it takes to carry the crypto world to the next level. Alongside its disruptive initiatives to capitalize on the Metaverse and play-to-earn (P2E) games, FRPN will offer staking and farming options, as discussed below.
FRPN Staking will feature only cryptocurrencies running on proof-of-stake networks. Through proof-of-stake, FIREPIN users will be able to validate transactions based on the number of coins contributed or staked. By staking more coins, users get to increase their chances of being chosen to validate network transactions and earning a reward.
Aside from staking, it features yield farming, which is a cryptocurrency investing technique that promises higher returns than most conventional investments currently give. The procedure aims to lend cryptocurrencies with interest, and, in some situations, fees are earned as a result. The platform also features a FIREPIN Swap that helps users switch one cryptocurrency for its equivalent value in another. This option aims at assisting users in reducing the cost of switching to a different cryptocurrency.
Don’t miss out on the fun. Join presale here:
https://presale.firepin.io/register
Website: https://firepin.io/
Telegram: https://t.me/FIREPINOFFICIAL
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