Cryptocurrency is a unique sector in the finance industry which has shaped greatly the way we look at money. Almost everybody has digital assets these days, do you?
Understand The Cryptosphere
Cryptocurrency is a form of digital currency that allows users to transfer currency in a digital setting and is different from regular digital transfer products and applications.
The primary purpose of cryptocurrency is to provide a digital currency system that is not owned by only one central body. Thus, cryptocurrency is built and designed to be decentralised.
This way, the network participants run software and technology that connects them to other nodes, so that information can be shared conveniently. Crypto uses cryptographic techniques to make sure transactions between users remain secure.
Due to the security and lack of a central body, otherwise termed decentralisation, cryptocurrency has become a widely known investment choice for many newbies and veteran investors worldwide.
In the next few years, digital finance will be one of the biggest financial sectors in the world, as many companies are now integrating cryptocurrency into their payment platforms.
Different cryptocurrency projects come up in different cryptocurrency niches to solve different problems related to the crypto space.
However, there are some cryptocurrency tokens with a huge ecosystem that works across different parts of the crypto space all at once. Some of them include Shiba Inu (SHIB), Binance Coin (BNB), and Mushe (XMU).
You Should Join These Communities
Shiba Inu (SHIB)
Although some critics have called it a useless investment, Shiba Inu was one of the most successful investments in 2021.
Shiba Inu is a cryptocurrency meme token founded based on a Doge meme of a Japanese dog breed, Shiba Inu.
SHIB follows the footsteps of the top meme coin, Dogecoin. It is even called the “Dogecoin killer”.
The network functions as an ecosystem of a community-driven crypto project. This means that the decentralised Shiba Inu community is in charge of what happens to the cryptocurrency and also its development.
This community is known as the ShibArmy. The Shiba Inu ecosystem is built of Ethereum to enable it to conveniently run smart contracts.
The Shiba Inu ecosystem is divided into different tokens and sectors that run the entire ecosystem. The first is SHIB, which is the foundational and main token of the ecosystem. SHIB is used as a medium of exchange and can be traded. The others are LEASH and BONE, used as staling rewards and voting rights, respectively.
Binance Coin (BNB)
Binance Coin (BNB) is another cryptocurrency token that runs on a huge ecosystem that offers different services.
Binance coin was created by Binance in 2017 as an ERC-20 token on the Ethereum platform. The Binance Exchange ecosystem is a wide one.
The major function of this ecosystem relies on the Binance crypto exchange platform, which is very popular in the cryptocurrency world as it is a platform for traders to store and trade crypto.
Binance Coin (BNB) is the utility token of the platform. It is used by users to get discounts while paying for trading fees and also to pay for travelling expenses, virtual gifts, shopping, etc.
Mushe (XMU)
The Mushe ecosystem is a decentralised peer-to-peer contract system created to aid interaction and governance and give its users rewards.
The Mushe (XMU) ecosystem was created to break the barriers between ecosystems and improve the interoperability between different blockchains.
XMU plans to improve the adoption of blockchain technology by providing digital access to these blockchains for everyone, whether newbies or veteran investors, while growing the social effect through teaching how digital currencies and economic management intersect.
The utility token for this ecosystem is XMU. It is an ERC-20 platform as it is built on the Ethereum network. This XMU token rewards its users for staking and is a major exchange medium in the ecosystem.
Cryptocurrency is constantly growing, and with the increase of these ecosystems that try to fix the loopholes in the cryptocurrency sector, it will soon become top-notch. You can join the Mushe presale or learn more about it through the links below.
Join Mushe’s Presale:
https://portal.mushe.world/sign-up
Keywords: Binance coin, BNB, Shiba Inu, SHIB, Ethereum, Mushe, XMU, Cryptocurrency
