Cryptocurrency has been the talking point for some time now, with the arrival of meme coins and gaming cryptos. Making its way to the market is GryffinDAO (GDAO), a token that aspires to pave its way in the gaming platform and hold a wide range of NFT collections. As the cryptocurrency space evolves and demonstrates its value and importance, let us dive in and talk about some of these cryptos.
More on GryffinDAO (GDAO) token
Built on the Binance smart chain, GryffinDAO (GDAO) is a decentralized protocol that seeks to put together top-notch implementations to create an ecosystem that satisfies users. Not only is satisfying users a priority, but the goal is to provide true utility for the GDAO’s token system and employ some of the best technological models that will continue to keep our token value stable.
By achieving value stability in the cryptocurrency market, GryffinDAO (GDAO) hopes to make it a superior and long-lasting replacement for current financial transaction models. The major goal is to establish enduring utility so that, along with the GryffinDAO community, GDAO tokens will be introduced to the common market.
GryffinDAO (GDAO) adopts a deflationary strategy for the token economy and uses the BEP-2o standard as its token model. Using this assures that GDAO will deflate over time by using the earnings from our ecosystem to purchase back and burn tokens from the market.
GryffinDAO (GDAO) plans to transform the traditional financial environment, which has proven to be intrusive and expensive for consumers, by establishing a democratic system through the DAO that allows users to participate in all important choices of the platform, including fee structures and future implementations.
Polygon (MATIC) does enough to see an increase
Polygon (MATIC) had a busy week as they recently released an update to better their network.
The business recently provided a quick update on its blog regarding the situation. Liquid staking is a function that Polygon (MATIC) has enabled on its network. Users will be able to do this and keep the tokens liquid while still staking their holdings.
Following the recent release of new features to enhance user experience, Polygon (MATIC) is once again on the price charts. MATIC had a excellent July, rising by over 90% as whales entered the protocol. There has been a slight retraction in recent days following a bear trap setup for Bitcoin but many are bullish on the long term potential.
Why is Avalanche (AVAX) declining?
The X-Chain, C-Chain, and P-Chain are the three distinct blockchains that make up the Avalanche (AVAX) network. Each chain serves a specific purpose, which is fundamentally different from the strategy employed by Bitcoin and Ethereum, which requires all nodes to validate every transaction. Depending on their use applications, AVAX blockchains even employ various consensus mechanisms.
The majority of crypto coins are currently falling due to the gloomy market that the hawkish Fed is igniting. Many of the biggest cryptocurrencies, including Avalanche (AVAX), have been declining.
Avalanche (AVAX) has been through a rough week. Well known as one of the top market competitors, AVAX, has found itself in a difficult situation as the price continues to face price decline. Avalanche over the last six days has fallen by 7.69%, with a circulating supply of 283,462,824 AVAX coins.
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Source: https://thecryptobasic.com/2022/08/23/everything-you-need-to-know-about-gryffindao-polygon-and-avalanche/?utm_source=rss&utm_medium=rss&utm_campaign=everything-you-need-to-know-about-gryffindao-polygon-and-avalanche