Decoding Crypto Market Craze For Parody Coin (PARO), ApeCoin (APE), And Polkadot (DOT)

If you are still learning the rope about cryptocurrency investments, start with high-value potential coins like Parody Coin (PARO), ApeCoin (APE), and Polkadot (DOT).

Cryptocurrencies have catalysed the financial and investment sector by offering investors a niche product that has helped buck market trends and still reap rich rewards, all thanks to the potential of blockchain technology. Be it data privacy, sustained returns, or long-term valuations, there's a whole universe of options waiting for investors. Moreover, innovators too are constantly working with infusing new efficiencies in the cryptocurrency markets. If you are still learning the rope about cryptocurrency investments, start with high-value potential coins like Parody Coin (PARO), ApeCoin (APE), and Polkadot (DOT). Here is a deep dive into the utilities of these coins.

Mint NFTs with the Parody Coin

While NFTs have been in the news over their skyrocketing market valuations, they still remain inaccessible to many investors due to reasons like lack of resources, asset inefficiency, and high gas fees. However, Parody Coin solves these problems by enabling users to mint parodies of original NFTs and then generates revenue from them. The platform has its own native token, PARO, that can be used for staking and all other transactional purposes.

Built on the Binance Smart Chain, Parody Coin is a decentralised network that offers its members a user-friendly way to mint parody NFTs. It also allows you to use its native token on different types of blockchain systems. The Parody Coin platform enables users to access the most desirable features of an NFT by cloning it and later helping with swapping, trading, purchasing, and selling the digital asset. So long as a functional NFT is being cloned, users will be able to derive as much utility from it as they would from the original one.

However, users should be aware of the fact that a cloned NFT is not entirely detached from the original asset. The owner of the original NFT can get the ownership of the parody through a robust bridge by either burning the cryptocurrency or locking up the tokens. This feature may lead to a real NFT replacing a clone.

Another feature of the Parody Coin platform is that it has its own dApp store called the SUPER store, wherein developers get the chance to deploy agile and powerful dApps. These dApps can enable users to offer a range of services that include minting and swapping parody NFTs.

ApeCoin token to now be available on Ooki

ApeCoin is a community-driven decentralised platform that enables cryptocurrency trading and swapping of Metaverse products. Its native token, APE, can be used for all transactional purposes like trading, swapping, and yield farming on the platform. In a recent development, ApeCoin announced that Ooki DAO's new protocol would offer APE trading, borrowing, and lending services. Ooki is a decentralized platform that offers the APE Token for margin trading on dApps and as collateral.

Polkadot Decoded will be held from June 29-30

Polkadot offers its users the ease to operate between different types of blockchains and execute cross-chain transfers of data and assets like tokens. The platform also has a native token, DOT, that enables users to participate in its governance structure, earn rewards, and fulfil all other transactional obligations like staking and yield farming, among others. It also facilitates innovation by providing its members a robust infrastructure to create customised blockchain systems via the Substrate framework. In a recent development, Polkadot announced that it would be organising its flagship event 'Polkadot Decoded' on June 29-30, 2022. Users can look forward to hearing interactive workshops, interesting talks, and insightful demos.

If you are looking for more details about the Parody Coin and PARO Token, you can click on any of the links given below. Follow the Parody Coin on social media for daily updates.

Learn more about Parody Coin Token:

https://presale.parodycoin.io/register

https://parodycoin.io/