The crypto market is in a constant state of flux. New tokens are listed on exchanges daily, bringing innovations that constantly challenge the status quo and disrupt the market in new ways. The popularity of virtual reality, augmented reality, and similar technologies have also led to the development of numerous virtual world games. The tokens used in these virtual worlds are generally known as in-game or proof-of-existence tokens.
This article focuses on one of the most recent examples of this trend: The rise of Zompot and its engagement with Decentraland and AAVES Tokens. Each token has a unique use case and value proposition that sets it apart from its competitors in the space. And while they serve slightly different purposes, each has the potential to bring something new to investors looking to capitalize on emerging trends within the cryptocurrency market space.
Zompot Token (ZPOT)
The Zompot (ZPOT) cryptocurrency exchange was created for the Zompot project. The Zompot token was developed to support the Metaverse ecosystem and assist users in their businesses. It is a stable, inflation-free cryptocurrency and a secure, easy-to-process token. The Zompot token was developed on the Binance Smart Chain infrastructure. Zompot will be a solution partner to all Blockchain issues a user might have; hence, the project’s slogan is “Your most reliable solution on the Blockchain.” Zompot users will receive a transparent version of their transaction in an effort to address Blockchain security and privacy issues.
All units of the Zompot token will remain equal to a BEP20 convertible token. Since all currency users can act as auditors to guarantee the financial integrity of the public ledger without compromising the privacy of other users, we will be able to verify the financial integrity of the public ledger without jeopardizing the privacy of other users.
Zompot further allows users to create, host, and monetize virtual worlds and uses smart contracts to manage user rights and content. Zompot also features a built-in token economy that lets you create your own virtual world, and with its flexible policy and stable pricing strategy, Zompot is suitable for your daily use and also provides people who invest with benefits. The Zompot virtual worlds are hosted on decentralized servers and are entirely independent of Zompot.
Hosting virtual worlds on decentralized servers means that users have complete control over their content and cannot suffer from downtimes caused by server failures, as we have seen with centralized game servers. A supply of 500,000,000 tokens in total will be launched and distributed among several platforms with specific allocations as stated below:
- Twenty-five million (25,000,000) tokens (5% of the total supply) are allocated to the legal department.
- Fifty million (50,000,000) tokens, constituting 10% of the total supply, are allocated to the marketing department.
- One hundred seventy-five million (175,000,000) of the total token supply, amounting to 35%, will be sold to the general public.
- Every month, 5% of 30% would be unlocked, beginning after the Ecosystem and Development phase, when 25,000,000 of 150,000,000 tokens are released.
- 5% of the total token supply will be privately sold over two phases.
- Twenty-five million (175,000,000) tokens are allocated to the team, equating to 5% of the tokens.
Zompot serves as a secure and private data platform for storing and exchanging information. Zompot only accepts information that the owner supplies, ensuring that only the owner has access to their information. Because Zompot leverages decentralized anonymous payment schemes (DAPs) that conceal transactions from payment origins, users’ privacy is maintained.
Zompot improves on other cryptocurrencies regarding data security by eliminating the risk of public ledgers recording transactions and compromising user privacy. Transactions are fast because they cost less than 1kb and can be verified in less than six milliseconds. Zompot stands out as a wise investment choice because it is limited in supply and functions as a hedge against inflation.
How To Purchase The Zompot Token
Step 1
Click on this link https://rise.zompot.com/register to register and create an account.
Step 2
Once you are logged into the dashboard, input the number of tokens you wish to buy and your preferred payment method (ETH, Bitcoin, USDT, Binance Coin, Dogecoin)
Step 3
Once the presale is over, you can claim your coins bought from your account.
Decentraland (LAND)
Decentraland is a decentralized virtual reality platform built on top of the Ethereum Blockchain. It allows users to create, experience, and monetize content and applications built with Blockchain technology. It’s not just a game or VR experience — it’s a virtual world that people can develop and explore, with the freedom to do anything they want. You can own your land, create objects, or participate in someone else’s experience.
Decentraland’s token, MANA, is used for payments, investing, and buying and selling virtual goods. The Decentraland platform is powered by the Ethereum network and can also be used to build decentralized applications. Decentraland is different from other virtual reality platforms because all content created in its virtual world is also decentralized.
In Decentraland, two types of tokens govern operations. They are as follows:
- LAND – A non-fungible token (NFT) used to define ownership of digital real estate land parcels.
- MANA – A cryptocurrency used to purchase LAND and virtual goods and services in Decentraland.
Aaves (AAVE)
Aaves is a decentralized ecosystem where users can create, experience, and monetize unique virtual worlds and social applications with friends. Aaves is a platform that empowers users to build their own virtual reality application, but it can be best referred to as a lending pool system. Users can create their own world, populate it with avatars, and share their virtual environment with friends.
Still, at its core, the Aave software allows users to create lending pools in which they can lend or borrow 17 different cryptocurrencies, such as ETH, BAT, and MANA. Users can create and monetize their own virtual goods and services and purchase them from other users.
Aaves is built on the Ethereum Blockchain with smart contracts that manage user rights and content. Aaves is unique because it can be used to host other Blockchain-based applications. This allows developers to create applications that can be used across different virtual reality platforms.
AAVE is the native token used for the Aaves ecosystem. It is one of the fast-rising DeFi cryptocurrencies. The AAVE cryptocurrency provides several benefits to holders. AAVE borrowers, for example, are not charged a fee if they take out loans denominated in the token. Borrowers who use AAVE as collateral also receive a fee reduction.
Conclusion
There are a lot of similarities and differences when it comes to these three virtual currency projects. Zompot allows you to create and monetize virtual worlds on decentralized servers, while Decentraland is based on a decentralized virtual reality platform, and Aaves is a decentralized ecosystem. But in the end, they all aim to provide users with a platform to create, consume, and monetize unique virtual goods and services with their friends. If you’re interested in investing in cryptocurrency, the Zompot token seems a perfect fit to start with.
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Source: https://thecryptobasic.com/2022/09/06/the-zompot-token-is-set-to-rise-above-decentraland-and-aaves-tokens/?utm_source=rss&utm_medium=rss&utm_campaign=the-zompot-token-is-set-to-rise-above-decentraland-and-aaves-tokens