As we reported as Kriptokoin.com, the cryptocurrency ecosystem is growing and investors are looking for different cryptocurrencies. FaaS Coins are the simplest and fastest way for any new project to gain liquidity. Holders of FaaS coins enjoy partial proprietary Treasury rights used to generate returns. Simply put, they generate sustainable yields and token liquidity. We will review the best FaaS Coins to watch in October 2022.
Multiverse Capital (MVC) is at the top of the Faas Coins list.
- Unit Price: 0.0000001281 dollars
- Market Cap: $118979.92
- Distinctive Features: Each purchase gives current owners 10 percent of revenues. 10 percent of each sale is placed in a treasury fund for use in large-scale marketing and multi-chain agriculture.
Multiverse Capital is the World’s First Multi-Chain Farming Deflationary token. Investors buy MVC in BSC. Thus it mates MVC across several chains and distributes the profits to MVC holders. The treasury fund grows exponentially over time. Because farming treasury is used for farming along multiple chains. It then automatically merges its profits. This fund is used to buy back MVC to raise the price floor allowing for exponential price floor growth. Also, liquidity can never run out with Multiverse Capital. Because the protocol from the retrieval controls it. Thus, it burns tokens for the liquidity process.
- Unit Price: $0.137
- Market Cap: 201691.26 dollars
- Distinctive Features: With the help of the Farming as a Service feature of this platform, other projects can easily generate farming for their tokens.
The first airdrop token was Demeter (DEO), which owns a platform called the Demeter Farming Platform. Users can use the same LPs to farm various ponds. In addition, all liquidity providers in Demeter Farming pools will continue to receive the same PSWAP rewards, as they will not give their liquidity to the platform, as is the case with smart contracts on the ERC-20, BSC and other networks. Users who want to use their accumulated tokens can also benefit from the Demeter Farming platform. DEO Arena, the first Play-to-Earn game on SORA, will include the Demeter (DEO) token. Thus, users will use DEO tokens to play the game.
3rd place on the Faas Coins list is Exponential Capital (EXPO)
- Unit Price: 0.0000008501 dollars
- Market Cap: $829578.69
- Distinctive Features: With the decentralized community fund, members will have access to a variety of crypto assets that will generate passive income and capital growth through profits returned in the form of dividends, token buybacks and reflections.
The Exponential Capital team is a pioneer in farming, trading and seed investment as well as blockchain innovation. Thus, together they oversee large decentralized communities. They also have an extensive network as a conduit for opportunities. Investors and farmers have shown exponential growth and flexibility when managing their portfolios. They will oversee a flexible fund that can evolve regardless of market conditions. Also EXPO token represents profit of exponential Capital.
Multi-Chain Capital (MCC)
- Unit Price: 0.0000005333 dollars
- Market Cap: $1.11M
- Distinctive Features: Profits are invested in yield farms and automated compound vaults as they accumulate in the Multi-Chain Capital Treasury and bridge the chains with cheaper gas prices.
For DeFi users, Multi-Chain Capital provides an easy way to monetize Yield Farming returns. MCC provides users on Ethereum and Binance Smart Chain with the returns available on both Tier 1 and Tier 2 chains (Phantom, Polygon, etc.) by performing labor-intensive bridging, farming and investment tasks. Holding MCC allows the user to receive both buy/sell reflections and future dividends from the investment portfolio for farming. Each operation burns a small percentage of the MCC combined with time due to reflections.
Last on the list of Faas Coins is Empire Capital (ECC)
- Unit Price: $0.03573
- Market Cap: $3.52M
- Distinctive Features: With Bridges, Decentralized Exchange, Farming Infrastructure, Launchpad and EmpireDEX White Labeling services, they offer an easily accessible infrastructure hub for developers and investors.
EmpireDEX is a multi-chain DEX ecosystem that offers projects integrating access to a wide variety of integration and development services. ECC claims to burn 1 percent of every purchase. The main problem with projects using combustion is that it has no impact on the aggregate supply. They claim to have fixed the problem by applying a total burn of 1 percent on each purchase. This causes their total supply to deflate around the user’s balance. In contrast, the user’s balance is constantly rising as opposed to a constantly deflated supply. It also creates an accurate supply/demand metric as ECC tokens become increasingly rare in volume.
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