The sandbox, the polygon and the stakenomics: Three crypto projects that can survive the crypto winter
The crypto winter is in full gear and with a few price crashes we have entered the bear market. This bear market cycle is not unique to the crypto market, as bond, currency and stock markets also experience the same decline due to macroeconomic conditions. As the crypto winter continues to ravage the market, investors have been forced into capital preservation mode.
Furthermore, investors have seen their portfolios sink and it can be confusing for beginners as they may not know what their next steps should be. The bear market gives buyers an opportunity to buy crypto projects at a discount. This will help them to add new solid projects to the portfolio and remove poor performers from the portfolio.
Three crypto projects set to survive the crypto winter are Sandbox (SAND), Polygon (MATIC) and Stakenomics (STAK). These three crypto projects provide tools for the users and have proven to be useful for crypto purposes. Additionally, their token prices have shown signs of recovery as market sentiment turns positive.
The Sandbox (SAND) The Crypto for Gamers
The Sandbox (SAND) is a crypto-metaverse game built on the Ethereum (ETH) blockchain. The project is designed for users to play games and create, sell and buy digital assets. In addition, The Sandbox uses the power of DAOs and NFTs to create a crypto gaming ecosystem where users are in control of their assets and can be creators and consumers at the same time.
Pixowl launched the project in 2011 and has become a leader in the metaverse and crypto game category. The Sandbox aims to introduce blockchain technology to the wider gaming community and change the way players experience and approach gaming.
SAND is the transaction token of The Sandbox gaming ecosystem, and it facilitates transactions between users. This includes buying and selling various game items in The Sandbox ecosystem seamlessly.
The game uses a unique and creative play-to-earn model that has attracted a large number of players to the platform. It has also managed to attract creators to the game by keeping a balanced ecosystem of creators and users.
Polygon (MATIC) Bringing the World to Ethereum
Polygon (MATIC) is a layer 2 scaling solution. It is designed for the Ethereum (ETH) blockchain. It is well structured for scaling and infrastructure development and is a useful tool for Ethereum developers. The protocol distributes the Polygon SDK: a modular and flexible framework that makes it easier for developers to build projects.
Furthermore, Polygon allows creating optimistic roll-up chains and Zero-knowledge (ZK) chains. Polygon transforms Ethereum into a multi-chain ecosystem by creating an internet of blockchains.
MATIC is the governing symbol of the Polygon ecosystem. It is also used to secure the network through staking and it facilitates trades on Polygon as it is used to buy NFTs among other transactions. The Polygon sidechain allows developers to extend the capabilities of the Ethereum blockchain and uses the network as an extension of the blockchain.
What is Stakenomics (STAK)
Stakenomics (STAK) is a decentralized financial protocol that aims to provide financial empowerment to both new and old crypto users. The protocol is built on the Binance Smart Chain (BSC) and aims to create a stable and decentralized platform for transactions on the blockchain.
Stakenomics will also allow users to borrow, lend, stake and grant farms on the protocol. In addition, Stakenomics will lower the barrier to entry for DeFi projects by educating users and providing the tools they need.
STAK is a BEP-20 token and it is the governing symbol of the Stakenomics protocol. It fully complies with the BEP-20 token standards and is the governing token of Stakenomics DAO. The DAO would allow members to use their DEX, earn returns and learn about crypto in its educational program.
If you’re looking for a few cryptocurrencies to bolster your portfolio through the crypto winter, try the ones listed above.
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