Many new cryptocurrencies emerge daily making it hard for future token holders to make a decision on what they want to invest in. Here are three coins you want to look into before your next investment.
Will Moshnake Bring Back One Of The Most Iconic Games?
Are you looking to reminisce back to the good old times? Moshnake (MSH) has got you covered. Bringing back one of the most popular games to have existed, Snake, players have the ability to play to earn while integrating blockchain technology.
The rules of the game stand the same, players control and move the snake with the aim for it to grow without crashing while hunting for $MSH and other items such as NFTS.
The longer the snake stays in the arena and grows the higher your profits will be. The in-game currency (VEN) and governance token (MSH) are what power Moshnake ($MSH).
To begin the game, each player will need to purchase a Moshnake NFT. There are four different types of Moshnake NFTs, and each of them has a unique distribution of the shared traits.
Stretch, pace,curve, magnet and survival capacity are the unique characteristics. The game also entails four different tiers such as Mamba (Tier 1 Snake), Viper (Tier 2 Snake), Krait (Tier 3 Snake) and Cobra (Tier 4 Snake). In each tier, level 5 is the greatest level.
Why Is BNB Burning Coins ?
When Binance Smart Chain (BNB) was first introduced in 2017 along with the exchange, it operated as an ERC-20 token on the Ethereum network. However, two years later, Binance decided to move it to the BNB chain.
BNB is known to be one of the largest cryptocurrency exchange platforms in the world. BNB is used as its native currency and as the primary token throughout its entire ecosystem, including the BNB Beacon Chain (formerly known as Binance Chain) and the BNB Smart Chain (formerly – Binance Smart Chain).
According to the platforms’ whitepaper, there was initially a “tight limit of 200 million BNB” that was “never to be exceeded.” The business however outlined the fundamentals of the burning mechanism in the document.
The new burning procedure, which went into effect in December 2021, enables on-chain automatic calculations to figure out how much of the token has to be burned based on its price and the quantity of blocks created on the BNB chain in that quarter. In order to maintain the supply-demand dynamics, more tokens will be burned if the price of BNB decreases.
The business changed to a quarterly auto-burn method, after claims that it wasn’t transparent or predictable enough emerged. The team established the initial quarterly burning mechanism based on the BNB trading volume and the fees Binance made from it when the company first launched.
What’s New With XRP?
Ripple (XRP) has recently moved tokens into an active unknown wallet causing its price to fluctuate. It appears however that the bulls are not getting any stronger, which is preventing the price of the token from going in a good direction. At the time of writing, according to Coinmarketcap the coin has seen a 1.5% increase in the past seven days.
Moshnake
Website: https://moshnake.io
Telegram: https://t.me/MoshnakeOfficial
Twitter: https://twitter.com/moshnakeToken
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