Place/Date: - June 18th, 2022 at 10:10 am UTC · 4 min read
Source: Firepin Token
The cryptocurrency market is not a stranger to a spontaneous dip in value. There’s even a name for it, the bear market. Although investors will be sad to see their portfolios drop, a bull market often follows a bear market. This is where a sharp increase in value occurs and crypto values often return to normal. The pattern usually means now is the best time to invest in established cryptocurrencies like Filecoin (FIL) which has been a victim of the recent dip. However, maybe now is the time to invest in crypto newcomers like the Firepin Token (FRPN). They provide an innovative approach to the Metaverse and the NFT market, being dubbed the future of the Metaverse.
Firepin Token (FRPN) has impressed crypto-enthusiasts since its first presale stage in February 2022. This unique platform offers investors numerous opportunities to generate a passive income. These include staking and yield farming which often result in fees and rewards being earnt. This is accompanied by the Firepin Insta rewards, as per their Whitepaper.
Firepin Insta Rewards come from the airdrop pool. Each transaction has a 2% fee deducted from the order and placed in the airdrop pool. Each token holder will receive additional tokens from the airdrop pool each week. This means you can earn tokens just from having tokens in your wallet. Pretty cool, right?
The Metaverse has created a growth in demand for cryptocurrencies. Firepin Token (FRPN) will, in turn, launch its Metaverse project which has gained serious popularity and traction. The FRPN token will be used to buy and sell items in the Metaverse.
Firepin Token (FRPN) also plans to launch its NFT market for its users. This will be funded by the treasury money which will also be used to fund NFT game development, Metaverse VR games, and long-term plans for play-to-earn games. This will allow users to generate an income by simply playing games. You cannot miss this opportunity, currently, in its third stage of pre-sale, consider adding Firepin Token (FRPN) to your crypto portfolio.
Filecoin is a Decentralised Storage Network (DSN), designed to store humanity’s most important information. Users can store their most valuable information by renting or purchasing storage space.
Unlike centralized storage platforms, Filecoin allows users to have complete control over their data. This is what makes the platform so desirable as it ensures accessibility and data integrity.
The excellent use case of Filecoin (FIL) means it’s destined to flourish. Miners earn FIL tokens by contributing hard disc space to networks. Users can then use FIL to pay for file storage on the Filecoin network. All data on the platform is encrypted to prevent unauthorized access.
The developers of Filecoin (FIL) claim that if enough people use the network, it will become the quickest and cheapest way to store your data safely on the internet. This is without the need for transactions to be confirmed by the government due to it being a decentralized network.
The current bear market has undoubtedly been disappointing to many crypto enthusiasts, but rest assured that this is only temporary. The bear market will most likely be followed by a bull market as seen in 2017, which will see the values of cryptocurrencies like Filecoin (FIL) rise to the prices they once were, making now the perfect time to invest in them. If you are looking for a long-term investment option then turn your attention to Firepin Token (FRPN). This new cryptocurrency has ticked all the boxes for crypto investors and is being hailed as the best newcomer of 2022 with its unique approach in both NFTs and the Metaverse.