In an over-expensive, oversaturated market, the lack of accessibility cannot be overstated. Marketplaces like Cardano (ADA) are brimming with growth problems and blockchain congestion. Parody news…
The company is struggling to keep up with non-fungible tokens (NFTs) minted in masses as well as the newbies trying to break into this exciting world. As a result, it is nearly impossible for normal people to take part in this expanding ecosystem.
Whether minting a new NFT or trading already existing ones, the prices for some of these tokens are outrageous. Numbers have been crunched, and the results are in; the NFT market is anticipated to exceed 80 billion US dollars in market capitalization by 2025. As it is, there is simply no way to succeed in this business venture.
But there is now. The giant of cryptocurrency Crypto, Parody Coin (PARO) is breaking new ground. Here is why you should keep Parody Coin on your list.
1. What is Parody Coin?
Parody Coin (PARO) is an investor’s passive income wet dream. Defining themselves as a decentralized, deflationary utility coin built on a Binance Smart Chain (BEP-20), Parody Coin, takes it upon themselves to ease the investor into the industry. This newcomer has become the talk of cryptocurrency thanks to its detailed roadmap that provides investors with four passive income streams known as minting, trading, as well as accessing the various parodies of mainstream NFTs; all done within the blockchain. None of this is possible without the recently created Parody Coin ecosystem.
2. What is the Parody Coin ecosystem?
The Parody Coin ecosystem is a combination of creative elements that are uniquely tailored to make the features within the NFT market more open to interested investors. It gives you the possibility to mint the most parodied popular NFTs in the industry as well as trade them and generate profit. If you mint functional NFTs, users around the ecosystem could derive utility value from them in the same manner as they would an original. Within the ecosystem, you can find Parody Coin’s very own metaverse or Paroverse that is designed to help adjust to the growing emergence of NFT’s that interact with the real world.
3. How does Parody Coin Work?
This platform is intent on giving everything back to its investors. This means that the platform itself is not solely surrounding NFTs. Parody Coin has created three main elements. These include:
1. The Parody Bridge, where you can put your PARO coins that will be sent away to other separate blockchains.
2. The Paroflection Mechanism, a system built on the token reflection model. To put it simply, you as an investor can deliver rewards in PARO’s very own Parody coins ($PARO).
3. Parody Swap, where you can trade cryptocurrency on any blockchain and receive an equal amount of Parody coins in return.
4. Can I invest in it now?
Parody Coin is in its initial presale stage, but from word-of-mouth as well as the countless pages written about it, it is generating a massive buzz within the largest investor communities. One of the few reasons being that according to experts, Parody Coin allowed the investors more control over their capital than in any other blockchain, while simultaneously giving one the possibility to turn a profit in various numbers of ways. And once the platform launches, there are no doubts that it will rival Solana (SOL) which in certain regards has a similar ecosystem. Before the Initial DEX Offering on PancakeSwap, a total of 300 million PARO coins will be pre-mined and the live price of the PARO is $0.002. This cryptocurrency will have small investors as well as larger ones such as Michael Novogratz wishing they invested sooner, once Parody Coin sets its final price for launch. It is truly one you cannot miss. So keep your eyes out for a hot, new cryptocurrency that will make your navigation through the market a whole lot more profitable.
The information posted in the article is for educational purposes only. By using this, you agree that the information does not constitute any investment or financial advice. Do conduct your own research and reach out to financial advisors before making any investment decisions.
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