Cryptocurrency is not checked and regulated by a central administration, like a bank or government. Instead, every member of the community has a say in the future of the project. Tokens are part of a network and also act as digital currency with various utilities. With increasing popularity, investors aim to capitalize on the volatile market and make quick money with new projects. This can however lead to huge losses. A new and promising project, FIREPIN presents one such opportunity. Here is a comparison of what the project does differently from EOS and its future.
FIREPIN Token (FRPN) Uses Blockchain Bridge For Ethereum, BNB & Polygon
As the kingpin of all cryptocurrencies, Firepin (FRPN) was formed in 2022. Its strategy emphasizes fostering community growth and long-term token sustainability. FRPN (FIREPIN) is a community-driven token that allows anyone to vote. Taking FIREPIN community engagement to new heights, the decentralized platform values above all – trust, transparency, and a diverse community. Firepin (FRPN) uses a blockchain bridge or a cross-chain bridge platform to link and interact with the many blockchains, thereby increasing and broadening the utility and scope of cryptocurrencies and the ecosystems that house them. In order to cover the inherent network transaction costs, each network will charge a nominal fee to bridge between chains. Users have access to powerful networks such as Ethereum, Binance Smart Chain, and Polygon.
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Ethereum Killer EOS “Centralized” with Block.One Holding Majority Tokens
Decentralized business applications (dApps) can be developed, hosted, and operated on EOS (EOS), launched in June 2018. With a mission to be bigger, better, and faster, EOS (EOS) is a fierce competitor to Ethereum (ETH). EOS can theoretically handle a million transactions per second, compared to Ethereum’s 15 transactions per second. The EOS (EOS) configuration does not utilize the in-market Bitcoin mining paradigm. By contrast, block producers produce the required number of blocks and are credited with the creation of new EOS tokens for each block they produce. With a market valuation of $1.2 billion as of June 1st, 2022, EOS (EOS) is currently ranked 45th on CoinMarketCap. After a drop of 6.26% in the last 24 hours, its value has increased by 3.63% in the last seven days.
Centralization is the biggest issue with EOS. Block.One has been participating in EOS governance since 2020 and is the largest single EOS token holder. Crypto experts and researchers link the choice of the issuing authority with its current centralization. In contrast, FirePin Token (FRPN) has an edge because of its alternative beginnings. Although it is still in the presale phase, it has already shown encouraging growth, showing its enormous potential.
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Firepin Network Community Can Create NFTs, Trade & Invest in the 3D Metaverse
A community-oriented Metaverse aims to allocate funds in a long-term and beneficial way. Through it, users can create NFTs, invest directly in teams and firms that have a long-term vision for Metaverse games, and employ capital funds specifically for 3D and Metaverse games. The Firepin Network (FRPN) is a decentralized structure managed by a progressive, forward-thinking community. A sense of collective ownership and a reward system embedded in the community are its epicenters. Different points of view are welcomed and encouraged by the currency to build the strongest possible crypto community.
The FIREPIN (FRPN) project provides community members with the option of purchasing at the most attractive price via a Swap Portal. The Swap Portal is currently dormant, but critical research is being conducted to identify the best conditions for its implementation. More information will be released once the Swap Portal is operational.
Author
Chris Munch is a professional cryptocurrency and blockchain writer with a background in software businesses, and has been involved in marketing within the cryptocurrency space. With a passion for innovation, Chris brings a unique and insightful perspective to the world of crypto and blockchain. Chris has a deep understanding of the economic, psychological, marketing and financial forces that drive the crypto market, and has made a number of accurate calls of major shifts in market trends. He is constantly researching and studying the latest trends and technologies, ensuring that he is always up-to-date on the latest developments in the industry. Chris’ writing is characterized by his ability to explain complex concepts in a clear and concise manner, making it accessible to a wide audience of readers.
