Why is Parody Coin, Zilliqa, and Pancakeswap trending like BNB?

BEP20 tokens are increasingly becoming popular with the massive attention and adoption of Binance-based smart contracts. In one way or the other, this has also influenced BNB’s price.

That said, these BEP20 tokens are trending just like their grandmaster, BNB, and we’d know why in this article. The tokens are Parody Coin (PARO), Zilliqa (ZIL)and Pancakeswap (CAKE). Learn more about them and why they are featured in this article below.

Zilliqa (ZIL): A Cross-Chain Scalable Network and Token

Zilliqa (ZIL) is a cross-chain token on the Zilliqa blockchain network powering its energy activities and utilities. It is supported on Binance Smart Chain (BSC)as well as Ethereum as ERC20 and BEP20 tokens.

The Zilliqa network is one of the few blockchains using the sharding protocol to speed up crypto transactions. Sharding splits the network’s chain into shards whereby each shard possesses and processes data stored on it parallel to the other sharded chains.

Sharding successfully contributed to blockchain scalability because it supports faster transactions than normal on-chain or off-chain transactions.

At the time of writing, Zilliqa (ZIL) ranks in the top 100 cryptocurrencies with a market capitalization of over $ 700 million. It is a deflationary token with the potential to feature in the top 50 and even top 25 cryptocurrencies in the future.

ZIL‘s offerings and hype as one of the pioneers of sharding mechanism for crypto transactions make it an exciting investment for many crypto investors and contribute to its trending status in the industry.

PancakeSwap (CAKE)

PancakeSwap (CAKE) is a popular DEX and token on Binance Smart Chain (BSC). It always sits next to Uniswap whenever we group large volume liquidity DEXs.

PancakeSwap, as a DEX, handled over $ 6 billion worth of transactions in May 2021. At the time of writing, it handles over $ 300 million worth of transactions, with a TVL worth over $ 4 billion.

CAKE serves as the protocol’s energy, LP, and transactional token. It is also used to incentivise PancakeSwap and reward stakers, liquidity providers, and DAO contributors.

We can say that the popularity of PancakeSwap passed down to its utility coin, CAKE. You can see this in CAKE’s market capitalization and unit price worth over $ 750 million and $ 4 respectively.

PancakeSwap (CAKE) is one of the forerunners of the Binance Ecosystem and a good case study of the benefits of using Binance-based smart contracts. The CAKE token, being deflationary, will appreciate over time like its rival, Uniswap (UNI).

Now you can see why investors might be excited about PancakeSwap and its native token, CAKE — because of their resourcefulness and potential to expand and offer greater value in the future.

Parody Coin (PARO): An Ecosystem Powered By A Meme Token

Parody Coin (PARO) is a BEP20 utility meme token powering the Paroverse — a metaverse platform that will feature many Parody Coin products like Parodied NFTs and collectibles and a marketplace for buying and selling the Parodied NFTs.

Additionally, the Paroverse will feature a cross-chain DEX, a secure bridge, The Paro Reward System, and a DApp store that will serve as a launchpad for DeFi products and applications.

To avoid the fear of missing out (FOMO) syndrome, now could be the best time to join the Paroverse through presales, as early investors will stand the chance of getting massive rewards after launch or exchange listing.

Asides from the incentives in view, you could grow your investment more than 100x your initial deposit by participating in Parody Coin’s live presale.

You may learn more about Parody Coin (PARO) with the information below:

Website: https://parodycoin.io/

Presale: https://presale.parodycoin.io/register

Disclaimer: This article is a paid publication and does not have journalistic / editorial involvement of Hindustan Times. Hindustan Times does not endorse / subscribe to the contents of the article / advertisement and / or views expressed herein.

The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.

Hindustan Times shall not in any manner, be responsible and / or liable in any manner whatsoever for all that is stated in the article and / or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated / featured in same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking / guarantee in favor of Hindustan Times of being absolved from any / all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute a financial advice.

Subscribe to Mint Newsletters

* Enter a valid email

* Thank you for subscribing to our newsletter.

Source

Latest stories

- Advertisement - spot_img

You might also like...