Place/Date: - May 12th, 2022 at 2:57 pm UTC · 3 min read
Source: Pacman Frog
New coins and projects are constantly being developed and added to the crypto realm. Even though some projects don’t go very far, some other currencies grow to become big players in the crypto market.
Avalanche (AVAX), Enjin Coin (ENJ), and Pacman Frog (PAC) are some of the fastest-growing crypto projects of 2022, and we shall examine them closely. Each project has its unique applications.
Avalanche (AVAX) is a platform created in 2020 for hosting decentralized applications (dApps). These apps are programmed with software that provides on-chain services through smart contracts.
The Avalanche (AVAX) network’s unique property is its method of burning. Burning in crypto refers to transferring tokens to an unreachable address that removes them from circulation. The practice is related to stock buybacks, and it lowers supply for a certain quantity of a token, effectively increasing the price of the token.
Avalanche burns the transaction fees on the AVAC network, which lowers the token supply as the platform continues to grow in popularity. The AVAX supply is a maximum of 720 million coins, meaning no new coins will be minted, making the coin-burning process more effective.
The Avalanche (AVAX) network has an advantage over the Ethereum (ETH) network in that it processes up to 4500 transactions per second, far above what the Ethereum network can provide.
Enjin Coin (ENJ) is a part of Enjin, a company that offers a linked blockchain-based ecosystem for gaming goods.
The Enjin (ENJ) Network is the main product of Enjin Company, a social gaming network that gives users a chance to build their websites, gaming clans, and communicate. Enjin allows game developers to convert in-game assets to tokens using the Ethereum (ETH) blockchain.
The native currency of the Enjin Network is the Enjin Coin, a token used to represent the digital assets created through the platform, ensuring that products can be purchased and traded with real-world value.
Enjin Coin (ENJ) made its debut in July 2017 and became active on the Ethereum network in June 2018. Enjin Coin (ENJ) is a store of value that supports the value of non-fungible assets and tokens like NFTs.
Even though GameFi is a relatively new ecosystem, breakthroughs are being made every day on GameFi tokens. Pacman Frog (PAC) is one of them.
Even though it was only recently introduced, Pacman Frog (PAC) is a potentially viable currency. It is making plans to pave the way for an extraordinary era of GameFi and NFT projects in the digital asset space.
The team behind Pacman Frog (PAC) is known for developing innovative solutions in the gaming space, notably GameFi. The goal is to create an incubator for game developers to reach wider worldwide audiences.
Pacman Frog (PAC) is in its presale, but it is still a notable GameFi token that has created excitement amongst gaming enthusiasts. It offers several unique qualities that will ensure the creation of a thriving crypto gaming ecosystem.