The market rewards active participation. It rewards people who stay active in the bull market and the bear market. So many times, involvement in the bear market gives more advantages in the bull market.
Whether you interact with ecosystems or hold tokens, it helps to be early. For this reason, we'll introducee fascinating altcoins that you should consider in this bear market.
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Solana
Solana has received wide attention in the past year. Many crypto enthusiasts have been searching for an Ethereum alternative, and Solana seems to be a perfect one. It has become so popular that people believe that Solana would overthrow Ethereum. While we can not say if this will happen, we can agree on its bountiful use cases.
One of the biggest problems of blockchain is scalability. Blockchain networks relying on Proof-of-work consensus mechanisms have suffered the most from scalability. With more adoption of these networks, they can help but get congested. It gets worse as these networks are designed to increase transaction fees when the network is congested.
Solana uses delegated Proof-of-stake and proof-of-history to validate transactions. They also utilize various systems to aid fast and accurate transactions on their network. All of which have aided fast transactions and cheaper fees. Currently, Bitcoin and Ethereum can handle less than 15 transactions per second (TPS). On the other hand, Solana boasts fifty thousand TPS.
Lido DAO
Lido is a staking platform where users can stake their tokens for daily returns. It is also a liquidity provider. On Lido, users can stake their tokens across different networks like Polygon, Ethereum, Solana, etc. After staking your tokens, Lido allows a mint of tokens 1:1 to your staked tokens. These tokens can be used across the DeFi ecosystem.
In order to govern Lido, the Lido DAO was created. The Lido DAO is a community that facilitates the growth of the Lido ecosystem. On the DAO, there is a token called LDO. With LDO, users get to set the fee structure and also vote on proposals. Plus, the DAO also has top DeFi protocols like FTX, AAVE, MakerDAO, SushiSwap, etc. Being a member of the LidoDAO gives you quick access to some of these projects.
There are many benefits to holding the LidoDAO token, some of which we have mentioned in the preceding paragraphs.
Moshnake
Moshnake is an NFT game that shares similar characteristics with the classic snake game of Nokia devices. Like the classic snake game, players will aim for eggs with their snake. However, Moshnake remains different. In Moshnake, players don't just go after eggs. And they also hunt for MSH tokens and in-game NFTs. The players also compete against each other in the battle royale arena. So to say, they get incentivized to play. Awesome, right?
All of the above features are not possible without blockchain technology. So, the game is built on the Binance Smart Chain, and its tokens are BEP-20.
Different types of tokens are used in Moshnake for various purposes. They include:
- Moshnake Token (MSH): $MSH is the primary utility and governance token. This token is meant for transaction fees, purchase of other tokens, and governance
- Venom Token (VEN): Venom is an in-game token. Venom can be used for major purchases within the game, such as entrance fees, hatching eggs, snake resurrection, etc.
- Moshnake NFTs: These NFTs are in varying forms. The Moshnake snakes, eggs, surprise crates, venom potion, and immortality serum are all NFTs. All of these NFTs are BEP-1155 tokens.
To start playing the game, all three tokens are needed. First, the player needs the MSH token. With this token, they can get VEN and a snake NFT. VEN token will serve as the entrance fee, while the snake NFT will be used to play the game.
There are four types of snakes made with different characteristics. These characteristics can determine how much a player will earn. You'll find the Mamba, Viper, Krait, and Cobra snakes.
With all of these features, this play-to-earn game would be exciting to play.
Moshnake
Website: https://moshnake.io
Telegram: https://t.me/MoshnakeOfficial
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