More and more people are becoming fascinated by the Metaverse and the world of NFTs, but they may not have all the information they need to know what to invest in and when.
The Metaverse is still the new kid on the block, but it also shows potential. As we keep going, more and more people will join the world of NFTs and cryptocurrencies. Let’s talk more about two of our picks- The Parody coin (PARO) and the Sandbox (SAND).
The Parody coin ((PARO) is a new coin undergoing a presale that shows great potential. It is a way for traders to get passive income while also reaping the rewards from the ParoRewards system.
With the Parody coin (PARO), users can easily swap the coin for another type of cryptocurrency. Parody coins can also be easily transferred to other blockchains with the aid of the Parody Bridge.
Let’s talk a little more about how the Paroverse works. Every transaction you make in the Paroverse as a user attracts an interest of 10%, and this is how that interest is distributed:
- 5% goes to parody coin holders
- 3% goes to the liquidity pool
- And 2% goes to the coin burn wallet
Why charge the tax?
The Parody ecosystem is based on the token reflection model. This model stipulates that all the users and traders are charged a fee for using the services. This fee is then distributed among different functions, as shown above.
How Do Parody Users Make Money?
Parody users can make money in any of the following ways:
- Minting the parodies of the popular or top rating NFTs and selling them on an open marketplace
- Earnings and rewards from the ParoReward system
- Earnings from the Paroflection system (this refers to the token reflection system.
- Staking on the BNB chain
ParoRewards have a simple mechanism. The Paro system is designed to generate revenue for parodying users consistently. The system gives “loans” on money markets, and the interest collected on those loans becomes the revenue for parody coin holders.
Sandbox (SAND) strays a little from what we talked about. It is the holy grail for gamers.
Sandbox users can create games and other virtual assets that can then be used to make them revenue as NFTs. The question then would be if it is a good investment or not?
Well, the Sandbox (SAND) has a unique array of functions and benefits for users.
For example, VoxEdit is the marketplace of The Sandbox. The VoxEdit platform allows Sandbox users to have more control over how they obtain their NFTs by allowing users to create their own.
Any rightfully owned art or collectibles can also be imported into the game and sold off at competitive rates on the marketplace.
The game maker allows users to create their own games free of charge, and the games in question can be shared. The more users there are, the more transactions will happen, resulting in more revenue.
It also doesn’t hurt that Sandbox (SAND) is a favorite among celebrities. More people will pay attention to this cryptocurrency, which translates to more revenue.
Parody coin (PARO) and Sandbox (SAND) have something fresh and unique to offer the Metaverse.
From gaming and creating your own NFTs to being able to create parodies of all the popular NFTs and trading with them. They both offer the market something that is not widespread. As the Metaverse world expands, so will both of these cryptocurrencies..
NFTs, cryptocurrency, Parody coin, PARO, Sandbox, SAND, Paroverse