The crypto crash has ushered in a great market reset and led to a big market correction. The crash started with the collapse of the Luna stablecoin, which was caught in a death spiral. The Luna crash led to a series of liquidations which ultimately led to the collapse of some crypto companies and networks due to over-exposure. The crypto crash is a great opportunity for investors to go token hunting. Many solid crypto projects are at all-time lows, which is the best opportunity to snipe them up at a discount.
Furthermore, it is important for investors to recognize the dangers of purchasing crypto tokens during the crypto crash. Proper research is required to avoid buying duds or projects without use cases. While researching, look for utility, fundamentals, and tokenomics as these determine if a project is useful or not.
ApeCoin (APE), Decentraland (MANA), and Petrousus Token (PSUS) are three crypto projects for the crypto crash. These projects have solid fundamentals and use cases to back up their tokens. Additionally, they are a must-watch because their token prices indicate a price rebound. Here is what you should know about these projects.
ApeCoin (APE) is the utility token of the APE ecosystem. It facilitates transactions and enables governance in the ecosystem. Furthermore, the token is built using the ERC-20 token standard, making it fully fungible. The initial supply of the APE token was airdropped to BAYC (Bored Ape Yacht Club) holders, bringing them into the APE ecosystem. Furthermore, the APE token is a central part of Yuga Labs’ entrance into creating a fully decentralized web 3 company. The supply of the APE token is hard capped at 1 billion tokens, and it is secured using a proof of work consensus mechanism.
The ApeCoin DAO is in charge of making decisions affecting the APE ecosystem. Token holders are eligible to vote on how the ecosystem should be run. In addition, the APE Foundation is responsible for executing proposals that APE token holders have accepted. The APE ecosystem continuously expands as Yuga Labs purchases the Crypto punks collection. Yuga Labs also owns the MAYC (Mutant Ape Yacht Club) and Otherside collections.
Decentraland is a crypto gaming and metaverse project. It is built on the Ethereum (ETH) blockchain and its MANA token uses the ERC-20 token standard. In addition, Decentraland allows users to interact, game, transact, and perform other social activities within its ecosystem. Decentraland has created a fully immersive virtual 3D experience for its users. This experience incorporates various elements, including community, commerce, lifestyle, and fun. Decentraland is free to use, and users can create avatars to play as guests if they do not have accounts.
MANA is used for transactions within the Decentraland metaverse and the token can be used for buying, selling, and trading items. Furthermore, users own items purchased on Decentraland and can take them off the platform or resold if they choose. Decentraland is a virtual environment where users can find communities and explore the open world.
Petrousus Token (PSUS)
Petrousus Token is a DEFI project that aims to unify all DEFI services at a single point, making them more accessible to users. Furthermore, Petrousus Token wants to increase decentralized finance access for users seeking alternatives to banks. Additionally, Petrousus Token would deliver fast throughput and a seamless experience that would ensure users can perform transactions without delays. The project would empower its users to do more with their money and unlock the power of decentralized finance.
PSUS is the protocol’s utility token, built on the Binance Smart Chain (BSC). Petrosus Token was built on the Binance Smart Chain because it is scalable, cheap, and fast. Join the ongoing presale to gain bonuses from the token sale. For example, you receive a 14% bonus when purchasing PSUS with ETH and a 16% bonus using BNB.