Decentraland (MANA) and The Sandbox (SAND) are popular blockchains where digital land can be bought, sold, and capitalized for financial wins. There’s new crypto on the scene called Kittynomica (KIN), this is a blockchain that works with a metaverse to bring you a similar experience to Decentraland (MANA) and The Sandbox (SAND), its Kittynomica token (KIN) is in the presale stage and the platform has amazing features set to make cryptocurrency even more interesting!
This meme coin is designed to compete with Apecoin (APE) and Dogecoin (DOGE) but adds cats to the mix instead of the usual pups. VeChain (VET) and Cosmos (ATOM) will also be discussed in this article because of their amazing potential.
The Meme Savior
Kittynomica (KIN) gives users a metaverse where memes can be made, minted as non-fungible tokens (NFTS), and even collected. And what’s the metaverse you may ask? it’s a 3D representation of the internet that’s being explored extensively in the era of the internet of things (IoT). It’s a parallel world where people can do things like communicating and socialising with one another.
Kittynomica (KIN) gives users a framework to make memes in its metaverse. The creators may exchange assets for Kittynomica tokens (KIN), the native cryptocurrency, a utility token created on the Binance Smart Chance making the token type BEP-20.
Creators have a network to mint memes as NFTs and then sell them in the Kittynomica (KIN) marketplace which allows for swapping, purchasing and selling of memes as NFTs. Creators also get to network with other Kittynomica (KIN) community members who sign in from other parts of the globe.
How does land work in Kittynomica (KIN)?
The ‘land’ is a virtual token supported by blockchain technology that represents physical parcels of land within the Kitteverse. Users can own parts of the kittyverse and therefore give themselves and others a chance to host created content. Since there is land there’s also a map in which the land exists. Kittverse’s land has 96,464 lands in a standard 324 square meters, a physical space the users can own, make and monetize their assets with.
The land is vital in Kittynomica (KIN) as it gives rewards for community growth and progress through nurturing economic activities. When someone buys the land it is presented as an NFT inside the Binance Smart Chain (BSC) that lets decentralization and ownership integrity of the property have value. This unique resource inside the metaverse becomes more valuable with time as it gets more scarce through being purchased.
Distribution and revenue generation
Kittynomica tokens (KIT) number a billion in total and are distributed as follows:
Revenue streams generated by Kittynomica (KIN) can be explained with the following:
- Marketplace listing fees: The seller of NFTs and memes in the marketplace pay a specific amount to list digital assets within the marketplace to be sold.
- Token sales: Kittynomica (KIN) will create revenue by token seed, strategies and launchpad sales.
- Advertising fees: A creator who wants to promote digital assets in the marketplace in a way that they can be easily found by other users must pay a specific amount of Kittynomica tokens (KIN) as an advertisement fee.
- Transaction fee: A 0.5 per cent of all the transaction volume done with the Kittynomica token (KIN) which also involves NFT transactions, the selling of memes in the marketplace and advertising fees.
Where do I get Kittynomica tokens (KIN)?
Kittynomica’s (KIN) website is now selling these innovative tokens at a presale price as well. Although no bonuses are given, the fact that the price is much lower than the launch price is already advantageous to the user. Given the right circumstances, Kittynomica tokens (KIN) can potentially make you a profit if bought in the presale stage.
Can Kittynomica tokens (KIN) be trusted as far as the market goes?
There are no guarantees in the crypto market however the metaverse market seems to present favourable conditions towards Kittynomica (KIN). A Forbes research shows that the average millennial sees at least 20-30 memes per day compared to alternative internet graphics.
Also, as far as most popular video content per weekly usage reaches in the 3rd quarter of 2021, ‘viral video and memes’ have 31.7 percent of respondents after any kind of video and music video classifications.
Chainlink (LINK) is a decentralized oracle platform that gives users real-world data to smart contracts within the blockchain. Chainlink tokens (LINK) are the native cryptocurrency that allows Chainlink (LINK) to perform its functions fully.
Chainlink (LINK) is a decentralized and scalable network that can connect blockchains to entities like events, data feeds and even payment methods that don’t originate from the specific blockchain. In other words, information that isn’t native to the blockchain is still understood and shared with the blockchain through the decentralized oracle.
A smart contract-based blockchain
Smart contracts are agreements between two parties that are run by the blockchain without a human intermediary. These smart contracts evaluate the arrangement and accordingly execute when specific conditions have been met.
Staking with Chainlink (LINK)
Staking is a major feature of Chainlink (LINK) and validators of the platform are essentially blockchain oracles. Chainlink’s (LINK) validators perform a comprehensive number of services in exchange for the native Chainlink token (LINK). In case a node doesn’t meet the smart contract’s conditions or is simply idle, the general operations of the decentralized applications (dApps) will be hampered.
However, such cases will incur a fine within Chainlink (LINK) in the form of a deposit being written off, this lets the person know they’ve broken the terms. Staking with Chainlink (LINK) differs from staking on independent blockchains. Whereas the latter seeks to prevent consensus attacks via staking…Chainlink’s (LINK) staking role is to ensure accurate oracle reports are delivered on time.
Chainlink token (LINK) storage in the ecosystem
Most people store their Chainlink tokens (LINK) and other crypto with the hope of gaining a profit in the mid-long term. Chainlink tokens (LINK) can be stored in a secured manner in a Binance wallet or the crypto wallet associated with it called TrustWallet.
Through hardware wallets, people can store Chainlink (LINK) funds via encrypted cold storage wallets. This means the Chainlink (LINK) assets remain offline which creates a larger degree of protection relative to the online wallets that are “always accessible”. Coinbase wallet can also be used for cryptocurrency payments but the method of storage largely depends on the individual.
How fast does it transact?
Chainlink’s (LINK) transaction time varies but can reach speeds of 15 seconds a block. Generally, 20 to 30 levels of blocks can achieve immutability therefore Chainlink (LINK) achieves a transaction time of 5-7 minutes.
What exactly is Cosmos (ATOM)?
Cosmos (ATOM) is a decentralized blockchain and it houses different blockchains all built with the Cosmos Network that allows them to communicate together. It works the same way a computer can be used to share files that can all be used on different operating systems. This platform accommodates different tokens in addition to its native ATOM cryptocurrency or Cosmos token (ATOM).
What are the ATOM’s use cases?
ATOM’s three main use-cases are for the Cosmos (ATOM) platform governance, for spam-prevention and voting. Cosmos token (ATOM) holders can govern the platform by voting on proposals with the native cryptocurrency they hold.
Cosmos tokens (ATOM) also prevent spam as they’re used for payment for fees within the ecosystem. Fees vary based on the amount of computation needed by the specific transaction. This makes Cosmos tokens (ATOM) act like Ethereum’s (ETH) gas. Also, fee distribution in Cosmos (ATOM) happens in-protocol.
This news is republished from another source. You can check the original article here.