Place/Date: - June 22nd, 2022 at 2:39 pm UTC · 3 min read
Source: FIREPIN Token
Cryptocurrency investors want their investment to be worth it, just like any other sector in finance, you want the product in which you purchase for your hard-earned money to fulfil its promises.
That’s exactly what Cardano (ADA) has done since its launch in 2017.
Revolutionising the blockchain space, Cardano is a decentralised proof-of-stake (PoS) blockchain platform that is an efficient alternative to proof-of-work (PoW) blockchain platforms like Ethereum (ETH).
Since its initial release, Cardano has been a major player in the cryptocurrency space and has been a consistent feature in the top 10 biggest cryptocurrencies in the world, according to data from CoinMarketCap.
Newcomers like FIREPIN Token (FRPN) have experienced a whirlwind of success through its presale and with its launch coming up in under a week, there will be a lot of eyes on the project and questions on whether it can live up to expectations.
A project that puts its community first and allows that very community to make the decisions on its future and the direction they head in is a special one indeed.
FIREPIN Token (FRPN), based simply on its three values of openness, community and trust is a special project that has been demonstrated by its overwhelming presale success, in which FRPN rose by over 8,000% throughout the presale stages.
Then, we move on to the bread and butter of the project which is its aim of becoming a major factor in the growth and development of the metaverse industry.
A percentage of funds that are generated from transactions of the FRPN token is placed into a treasury fund that is used to invest in several sectors of the metaverse and NFT industries, as well as to help support individuals and companies that aim to aid the development of play-to-earn (P2E) games.
User experience is everything to FIREPIN Token and it aims to become a multi-chain platform that can connect blockchains such as Ethereum (ETH), Binance Smart Chain (BSC), Solana (SOL), Avalanche (AVAX), and Polygon (MATIC), which would positively enhance the cryptocurrency experience for its users.
As previously mentioned, Cardano (ADA) is a top 10 cryptocurrency and is currently ranked seventh on the list, with a market cap of almost $17 billion, according to data from CoinMarketCap.
By definition, smart contracts are pre-programmed, automatic digital agreements.
Not only are they self-executing but they are also incorruptible and do not require any acts or the presence of others.
The sustainability and scalability of the Cardano network make it a perfect host for smart contracts.
As of January 2022, there are over 1,000 smart contracts on Cardano including MuesliSwap and SundaeSwap, both decentralised exchanges which continue to lead the way for Cardano’s DeFi (decentralised finance) ecosystem.
While Ethereum leads the way in smart contracts dominance, Cardano’s ecosystem continues to grow stronger and following its upcoming Vasil Hard Fork upgrade this summer, that will see Cardano’s scaling capabilities further improve which can only spell good things for its smart contracts.