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Through their quick, safe, and permissionless transactions, cryptocurrencies have been transforming the financial industry since 2009. RoboApe (RBA), one of the newest cryptocurrency tokens, is poised to have a bigger impact on the entertainment industry in general, and e-sports in particular. This article describes how RoboApe (RBA) is a unique new token in the cryptocurrency industry, building a powerful community of its own and set to outrival older projects such as Aave (AAVE) and The Sandbox (SAND).
The three cryptocurrencies and their use cases will also be briefly described in this article.
Aave (AAVE)
By providing consumers with crypto lending services without the intervention of any centralized body, Aave (AAVE) checks all the boxes of a good decentralized lending protocol. In this DeFi protocol, users who lend their idle cash are compensated with interest, while users who borrow must make interest-bearing payments.
As a decentralized lending platform, Aave uses smart contracts to manage the ecosystem. It is an open-source DeFi technology built on the Ethereum blockchain. The smart contract manages the transaction when users want to lend their unused tokens, and it also does the same for borrowers.
Since the Aave Protocol is an overcollateralized lending platform, borrowers are required to put up collateral that is worth more than the loan they are seeking.
Furthermore, Aave is an algorithmic money market, loans are accessed from liquidity pools rather than through peer-to-peer exchanges. The quantity of collateral that the borrower must deposit is larger than the loan amount they are seeking. In this instance, the lender gives a temporary loan to the pool in exchange for interest on their idle tokens.
The holders of AAVE, the ecosystem’s native token, have the opportunity to participate in the protocol’s governance process by putting up ideas and voting in on polls.
The Sandbox (SAND)
The Sandbox is a decentralized gaming metaverse built on Ethereum that allows users to build, market, utilize, and monetize their virtual reality NFTs. The entire in-game economy is supported by the platform’s native cryptocurrency, SAND. NFTs are altering how we play, earn, create communities and collect art. The Sandbox is one of many NFT-based initiatives that are growing to be fully developed metaverses. The Sandbox, born from the creators of Pixowl – co-founders Arthur Madrid and Sebastien Borget, differs from previous crypto metaverse initiatives as its users without coding experience can contribute to the metaverse easily and intuitively, thanks to its user-generated content ecosystem.
Just like AAVE, SAND is a governance token as well. Holders of SAND will be able to take part in governance choices, such as prioritizing features, once The Sandbox DAO is operational. SAND owners have the option to vote themselves or assign other players their voting privileges.
SAND has a market value cap of more than $1.5 billion at the time of writing. A total of 3,000,000,000 SAND tokens will be in circulation. On third-party cryptocurrency exchanges like Gemini, Crypto.com, and Kraken, as well as with ETH or DAI asset pairs on the Uniswap DEX, SAND can be bought and traded.
RoboApe (RBA)
The Ethereum blockchain-based meme coin RoboApe seeks to create a community for all cryptocurrency users. For this, they will offer a variety of goods and services to their customers, including DeFi, NFT, crypto education, eSports, and games.
RoboApe aims to be a community-driven initiative that will revolutionize the cryptocurrency industry. Additionally, it enables users to make and distribute RoboApe NFT memes, visuals, and animations.
The platform also supports RoboApe Forum, a community forum where you can interact with other cryptocurrency aficionados, talk about your favourite cryptocurrency, and even share memes. RoboApe wants to release its products gradually, without sacrificing any quality. The ERC-20 RBA Token now powers the RoboApe ecosystem.
RoboApe (RBA) will promote NFT minting and seek to entice content producers, musicians, artists, and other creatives to join its NFT marketplace. Users will be able to buy, sell, and trade top-tier NFT trading cards on the NFT marketplace.
RBA is now in the presale stage, and after it is listed on significant exchanges, it may moon.
Check out this article on RoboApe to learn more about the platform.
You can also find out more about RoboApe by using the links below:
Presale: https://ape.roboape.io/register
Website: http://roboape.io/
Telegram: https://t.me/ROBOAPE_OFFICIAL
