Through their quick, secure, and permissionless transactions, cryptocurrencies have, since 2009, completely changed the way the finance sector is seen. The entertainment business, particularly eSports, is now poised to be more significantly impacted by new cryptocurrency tokens like RoboApe (RBA). In this article, we have explained how RoboApe (RBA) stands out from other tokens like Chainlink (LINK) and Cosmos (ATOM) and how it is building a robust community of its own. Let’s do a quick description of the three tokens and their real-life applications.
Chainlink’s (LINK) Key Features
Chainlink (LINK) offers an oracle decentralized service platform for smart contracts on any blockchain. It focuses on oracle technology in areas like scaling, hybrid smart contracts, reducing complexities, maintaining confidentiality, and providing fair and smart support to its users. The oracle networks enable the use of smart contracts to build decentralized services that offer cross-chain capabilities and hasten the creation of dApps. Users can connect with any present or future blockchain using the framework it provides to obtain data from an existing system. The LINK Token and ChainLink Node operators are used by the Chainlink network to retrieve, compute, and format data.
Cosmos (ATOM) – The Cross-Chain Crypto
Cosmos is a DeFi platform that was created to link various crypto networks and speeds up transactions between them. The Cosmos blockchain, also known as the “Internet of Blockchains,” was created to make it easier for different distributed ledgers to communicate and transact without using a central server. Users can now benefit from cross-platform compatibility amongst various blockchain systems thanks to Cosmos, the first free platform.
The token responsible for regulating the exchange of digital assets on the Cosmos network is called ATOM. It gives the connected blockchain network security and strength. Since making its initial entrance into the bitcoin market, ATOM has grown steadily. Options include staking, preservation, and utilization. Staked atom owners have incentives accessible to them and a vote on network modifications. Another characteristic of Staked ATOM is an annual percentage yield.
What is RoboApe (RBA)?
The Ethereum blockchain-based meme coin RoboApe wants to create an ecosystem in which all cryptocurrency users may coexist. For this, they will provide their users with a wide variety of goods and services, including DeFi, NFT, crypto education, eSports, and games. RoboApe seeks to be a community-driven platform that will change the cryptocurrency industry. Additionally, it enables users to make and distribute RoboApe NFT memes, visuals, and animations. It also supports RoboApe Forum, a social network where you can interact with other cryptocurrency fans, talk about your favourite coin, and exchange memes.
The RBA Token, an ERC-20 token, currently powers the RoboApe ecosystem. RoboApe enables its users to take advantage of its many services and products to generate utility and raise the token’s value, in contrast to other tokens that are largely dependent on outside forces. Token owners can participate in platform governance to influence its growth and upcoming improvements. Holding the RBA Token will generate passive revenue because the holder will receive credit for a portion of the transaction charge.
This article does not necessarily reflect the opinions of the editors or management of EconoTimes