Cryptocurrency transactions rely on encryption in order to be verified and secure. This means that a complex code is needed to store, transfer and record cryptocurrency data on public ledgers. The goal of this encryption is to provide security and protection.
Traditional banks and fiat money do not go through this process, leaving many to question how reliable they are. Cryptocurrency is showing the world that it is a more secure option. Cryptoons (CTOON), VeChain (VET) and Maker (MKR) have been able to demonstrate this through the crypto market.
VeChain (VET) – Focuses Exclusively on its Blockchain
VeChain is a 2015 blockchain project that seeks to address business problems through trust and transparency in global supply chains. The network allows companies to more effectively track carbon credits and protect themselves from counterfeit products.
The VeChain platform offers two types of crypto tokens – VeChain (VET) and VTHO. The payment token is VET and VTHO is used to buy gas on the network (similar to ETH on Ethereum). However, VeChain (VET) has a downside – it is solely based on its blockchain.
The VeChain developer has offices in China, the United States, Europe, Singapore and Japan and has formed many connections and partnerships with both government and corporate organizations. VeChain (VET) plans to continue developing and expanding these alliances.
Maker (MKR) – Stability is Based on Fiat Counterpart
The DAI stablecoin is built on the Maker protocol, a utility token. The two have a complicated relationship, because DAI was the first to use Maker Tokens (MKR). The MKR price is updated in real-time on Binance.
The DAI token was introduced in 2017 and is backed and protected by Maker Token (MKR), created by MakerDAO. The MKR token (Motion and Future Rights) can also be used to participate in governance processes related to the Dai system, as well as to make important decisions regarding the platform’s future and operations.
The Maker ecosystem has many applications, including governance. One of the first Decentralized Autonomous Organizations (DAOs), MakerDAO, used active proposal smart contracts to introduce and use the Ethereum-based tokens (ERC-20). The downside to the MKR token is that its stability is dependent on collateral and incentives, making it volatile.
Cryptoons (CTOON) – Cryptocurrency for Webtoon Fans
The CTOON cryptocurrency is being used to fund the Cryptoons Platform, which will appeal to manga, webcomics and comics lovers. This platform intends to be a place where users can access such content, with creators receiving a certificate of participation and real returns for their time and money.
The Non-Fungible Token Factory (NFT) and the Cosmic Launchpad are two of the main products of Cryptoons. The Cosmic Launchpad is the best option for those looking to find comics and graphic novels in one place, and initiatives are being developed by manga, web forums and comics fans, who can access these top products if they hold the (CTOON-) token.
Cryptoons (CTOON)
Presale: https://www.cryptoons-token.com/how-to-buy
Website: https://www.cryptoons-token.com/
Telegram: https://t.me/CryptoonsTokenOfficial
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