Michael AbetzOver the years, the popularity of meme currencies has grown, and many stakeholders have profited from their decision to invest in the initiatives. Every day new meme coins emerge, with experts and enthusiasts studying and projecting their potential. Experts are keeping a close eye on meme coins such as Monero (XMR), Dogecoin (DOGE), and FreeWoly (FWO).
Since Dogecoin surged and swept the cryptocurrency industry by storm, additional meme coins have developed, intending to replicate its popularity. Some have achieved success, while others have fallen short of their objectives. Many industry professionals feel the FreeWoly (FWO) coin has the potential to achieve the same level of success as Polygon and Algorand.
All About FreeWoly (FWO)
FreeWoly (FWO) delivers a fresh and fun gaming concept with its Augmented Reality Play2Earn game. The game’s play-to-earn (P2E) model is designed to be entertaining, user-friendly, and rewarding, giving players the chance to make money.
FreeWoly game is a mixture of two sides of two worlds. It’s a fusion of FarmVille and Pokemon Go. The game premise could be confused with FarmVille. However, it is not. FreeWoly (FWO) is distinguished from popular games by its unique feature of augmented reality which is integral to the game’s identity because it enhances both enjoyment and excitement.
The player plays as Woly, an animal in charge of the farm. The farm is made up of animals with different characteristics, and Woly’s task is to gather items for the animals.
FreeWoly adopts a P2E system for players to earn from the game. Players are given virtual tokens called FWO as rewards. Other players can earn more by minting farm animals with other players or selling off their farms in exchange for FWO.
Inside Algorand (ALGO)
Algorand (ALGO) was established by Silvio Micali, an MIT computer scientist, and professor. Micali launched the company to empower users to create new kinds of decentralized applications (dApps).
Algorand (ALGO), a cryptocurrency introduced in 2019, aims to increase the speed of transactions and decrease the amount of time it takes for a transaction to be marked as complete on its platform. This is done to discover and develop new applications for cryptocurrencies.
The method by which Algorand (ALGO) distributes its native currency into its ecosystem is entirely unique. According to this method, platform users with a certain amount of value stored in their wallets are given a share of each new block mined. In addition, Algorand (ALGO) users can create smart contracts and tokens that may be used to represent either newly created assets or existing ones.
What About Polygon (MATIC)?
Polygon (MATIC), founded in 2017, provides support for more than 7,000 decentralized applications (dApps) that function without the need for intermediaries. Polygon (MATIC) utilizes the base currency token known as MATIC to govern the network and pay network-related transaction fees. Its supply is capped at around $7.4 billion, and its design assures that there are never more than 10 billion coins in circulation at any given moment.
Their proof of stake system rewards users for maintaining the network and verifying transactions. The future of Polygon (MATIC) is bright as it is now part of the 2022 Disney Accelerator, which focuses on innovations like augmented reality, non-fungible tokens, and AI as future storytelling efforts.
Conclusion
These cryptocurrency projects were designed to satisfy a need in the industry. They also add good value to their owners. Most investors will be delighted to have these tokens in their portfolio.
This article was written for Business 2 Community by Michael Abetz.
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