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Introduction
The potential benefits of cryptocurrencies have attracted the attention of many, but the future is still unclear. Economists and regulators are still uncertain about their future impact on the financial sector. Nevertheless, cryptocurrencies have become a global phenomenon from their shadowy depths. With increased regulation and mass adoption, cryptocurrency is becoming many countries’ main form of currency. Cryptocurrencies are highly volatile assets and have a rollercoaster ride of prices. The speculative price change has given massive profits to many crypto traders while many lost their life savings. The crypto market has been down since March 2022 and has seen small surges till today. In this situation, presale-stage cryptocurrencies have been on the rise. As presale coins are likely to give more profits than other coins.
With the development of blockchain technology, another breakthrough emerged after its application in crypto trading platforms. Blockchain is helping users to execute smart contracts and applications. Programmers can build their smart contracts or even create dApp. More than hundreds of blockchain-based projects are coming up in the crypto market. Companies take blockchain technology more seriously after witnessing its potential in various industries. Blockchain technology is a fast-growing and disruptive innovation in the web3.0 space. Many presale projects focusing on blockchain technology will likely gain value and get massive support in the crypto space.
HUH, Token (HUH) is a new cryptocurrency that aims to launch blockchain using the PoS consensus algorithm. It is the most desirable consensus for scalability due to its high transaction speeds and lower carbon footprint. Furthermore, it will allow it to choose its preferred validation method in PoS and has given it the potential to become the foundation of other projects.
HUH Token (HUH)
HUH Token (HUH) is a decentralized utility token to take meme storytelling to the next level and focuses on creating a decentralized metaverse in which everyone gets through the data they produce. Created as a wealth-generating token, this platform will give equal opportunity to those with small purchasing power and large amounts of capital.
The founders of the HUH token believe in the vital concept of making a meme coin successful in the crypto space. HUH, a token has good utility with the tokenomics of a meme cryptocurrency, which will result in a harmonic ecosystem with various possibilities of scalability. The blockchain network concentrates on building a reputable NFT marketplace by removing high financial barriers and maintaining a good community spirit. To be a part of the HUH NFT collection, users must have a HUH token and connect their wallets to the HUH vault.
The token aims to market the project through 1000 influencers and follow up by having a big media event in Time Square, the heart of New York. The network has been built on its base layer blockchain, having done so far. Moreover, the project has been fully Certik audited and has two years of locked liquidity behind it. It can be checked over by a third party if they want to find any errors or find faults within a system to rectify.
Ethereum (ETH)
Ethereum (ETH), launched in 2015 by Vitalik Buterin (Canadian programmer), is an open software platform built on blockchain technology, enabling developers to deploy and build decentralized applications and smart contracts quickly. Information shared on this platform can not be manipulated or changed. It also effectively takes out the middleman in transaction mode on the network.
It allows users to create and execute custom smart contracts, which offers a trustless system where users do not need to worry about counterparty risks and eliminates the need for middlemen. In addition, smart contracts enable users to not pay any extra fee to an intermediary or escrow service before they conduct peer-to-peer transactions. Ethereum (ETH) works much like other cryptocurrencies in terms of storing value or making payments and uses blockchain to record the state of user accounts, which are controlled by private keys. New blocks are added to the third record on an ongoing basis by the miners, who receive a monetary incentive for their contribution.
This protocol features its programming language, solidity, and sandbox environment for running applications in this language, Ethereum Virtual Machine (EVM). As a result, anyone can easily access apps on this platform anytime, extending decentralization beyond money into applications like games, casinos, and social networks to other cryptocurrencies. Ethereum (ETH) uses the same consensus protocol known as Proof-of-Work (PoW) as Bitcoin for validating data and adding it to the blockchain. This involves mining competing against one another using energy-intensive machines to win the right to add the following block to the blockchain, and it happens roughly every 10 minutes.
This protocol is currently going through a major upgrade known as “Ethereum 2.0,” in which its consensus protocol will change from Proof-of-Work (PoW) to Proof-of-stake blockchain (PoS). In addition, its new PoS will support the implementation of new “shard chains,” which are 64 smaller blockchains that will handle each transaction through their batch of data, allowing Ethereum to process more transactions per second.
Binance Coin (BNB)
Binance Coin (BNB), launched in 2017 by Changpeng Zhao (a Chinese high trading software developer), is a cryptocurrency used to trade and pay fees on the Binance cryptocurrency exchange. It is an Ethereum-based ERC-20 utility token and offers 1.4 million transactions every second while being one of the largest markets for the exchange of virtual currencies. It was created as a utility token for discounted trading fees and has expanded to numerous applications on many platforms. Users can use BNB to make purchases with a small number of merchants that accept Binance Pay or another crypto payment processor. For example, you can use it to book travel accommodations, for entertainment purposes, for online services, and even for financial purposes.
This protocol also has additional functionality in other ecosystems, thanks to partnerships. Monaco, for example, supports BNB tokens on its platform, making it possible to use Binance Coin with Monaco mobile app or Monaco Visa Card. It archives a 3-second block processing time by using Proof of Staked Authority (PoSA), where participants can stake BNB to become validators, and if they propose a valid block, they will receive fees from transactions included. Through its dual-chain architecture, users will be able to seamlessly transfer assets from one blockchain to another.
This platform works on plans for buying back tokens and burning them to reduce supply as exchange plans to erase half of its tokens in circulation. To do this, it leverages one-fifth of its profits to buy back tokens every quarter and destroy them permanently. This is a regular event for Binance, and the exchange implemented an auto-burn system.
Final Verdict
HUH Token (HUH) is still in the presale stage and has the potential to skyrocket in value in the future. With its wide utility, assuring safety measures, and exciting marketing methods, it is no surprise that the HUH token (HUH) will gain value and get massive support from the community. Suppose HUH can replicate the same positive remarks from Elon Musk with its dedicated charity wallet. In that case, the value could explode in the future and give even more profits than meme coins like Dogecoin and Shiba Inu.
Ethereum (ETH) has a slow transaction speed and is already in the top 5 cryptocurrencies in the world. On the other hand, Binance Coin (BNB) is highly centralized and already has global regulators with high competition. Whereas it is a major target for cyber attacks. Apart from its features and utilities, the HUH token (HUH) also rewards its users. For example, you can get 8% cash back if you purchase tokens in the first presale stage and get a $30 reward if your referral spends $100 on the platform.
For more information on HUH Token (HUH), you can visit the following links:
Presale: https://presale.huh.social/
Website: https://www.huh.social/
Telegram: https://t.me/HuHToken
*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.
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