The crypto ecosystem is filled with numerous projects, making it difficult for investors to determine where to deploy their capital. The recent crypto crash has made it harder for investors to determine good projects or buy crypto tokens. The crypto crash, which led to the bear market, caused token prices to fall by more than 60-70%. As the crypto market continues in this downward trend, it becomes increasingly difficult for investors to choose tokens with a positive outlook for the next market cycle. As this is the perfect time to buy the dip, investors need a reliable method to influence their buying strategies.
Before buying tokens, it is important to do adequate research that ensures you are on the right track. This research covers all the important parts of a crypto project, including fundamentals, use cases, and tokenomics. This helps you get a clearer picture of the project token’s potential. Decentraland (MANA), Polygon (MATIC), and HypaSwap (HYPA) are three crypto tokens investors should watch out for in this crypto crash.
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Decentraland is a crypto game and metaverse project. It is built on the Ethereum (ETH) blockchain and its MANA token uses the ERC-20 token standard. Additionally, Decentraland allows users to interact, play, transact, and perform other social activities within its ecosystem. Decentraland has created a fully immersive virtual 3D experience for its users. This experience incorporates various elements including community, commerce, lifestyle and enjoyment. Decentraland is free and users can create avatars to play as guests if they don’t have an account.
MANA is used for transactions within the Decentraland metaverse, and the token can be used to buy, sell, and trade items. Additionally, users own items purchased on Decentraland and can remove them from the platform or resell them if they wish. Decentraland is a virtual environment where users can find communities and explore the open world.
Polygon (MATIC) is a well-structured, scalable solution for the Ethereum (ETH) blockchain. The Polygon network provides scaling and infrastructure development for Ethereum (ETH). The project created the PolygonSDK: a modular and flexible framework to help developers build different types of applications on Ethereum. For example, the Polygon network can create zero-knowledge (ZK) chains and optimistic deployment chains. Thus, Polygon transforms the Ethereum blockchain into a multi-chain network.
MATIC is the utility token of the Polygon network. As a governance token, it gives users the right to vote on proposed changes to the network. Additionally, it facilitates transactions such as purchasing NFTs on the Polygon network as a transaction token.. By using the MATIC token, users and developers can extract maximum value from the network. The Polygon network is an example of innovation that can expand the capabilities of the crypto space.
HypaSwap (HYPA) is a decentralized liquidity protocol that allows users to lend and borrow crypto assets. The project has developed solutions for collateral, security and liquidity pools, making it easier for users to use the protocol. Additionally, the HypaSwap project is built on the Ethereum (ETH) blockchain as a decentralized exchange that allows users to access crypto loans through liquidity pools. The protocol uses the HYPA token for various functions on the protocol, including interest rates, staking, and receiving rewards. Users can earn the HYPA token on the protocol or buy them on exchanges.
The HypaSwap protocol also gives liquidity providers the tokens which are used as receipts to accept deposits. For example, if a user deposits 10 ETH tokens, they will receive 10 fTokens in return.
Join the ongoing presale to collect various bonuses by purchasing the HYPA token. For example, you get a 6% bonus if you buy HYPA in the first stage of the token presale, 4% in the second stage, and 2% in the last stage. Additionally, you receive an 11% bonus for buying HYPA with ETH and a 20% bonus for buying with BNB.
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Last updated September 2, 2022 at 12:48 PM IST
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Decentraland, Polygon, and HypaSwap – Three Crypto Tokens For The Crypto Crash That Investors Should Watch
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