Cross-chain protocols that could earn you millions with Avalanche (AVAX), Polkadot (DOT) and Parody Coin (PARO)

Cross-chain protocols that could earn you millions with Avalanche (AVAX), Polkadot (DOT) and Parody Coin (PARO)

Avalanche and Polkadot are among the top cryptocurrencies that use cross-chain protocols

The Avalanche (AVAX) and Polkadot (DOT) networks were early entrants into the cross-chain space, but Parody piece (PARO) also introduced a multi-chain swap from its inception.

We will explain why these three coins can be a good addition to cryptocurrency wallets. All three pieces have cross-channel support and are ready to meet Web 3.0 needs.

avalanche

The AVAX token saw strong buying from crypto investors in the region of $71-$79. The Avalanche token is used to pay for transactions within the AVAX ecosystem. The Avalanche network supports cross-chain compatibility, and users can easily transfer tokens between AVAX and Ethereum (ETH) blockchain networks through the native bridge. Along with Polkadot, the AVAX network is considered one of the fastest smart contract platforms currently available to developers. It is a good addition to any crypto wallet.

avalanche

Peas

The DOT token is used in the Polkadot ecosystem. Polkadot was one of the first blockchain networks to tackle the issue of interoperability or cross-chain compatibility. It allows para chains to communicate with each other and each chain can host its own token. The DOT token has generated a lot of interest within the crypto community and its value has risen sharply in a short time. It is currently trading at $17.89 and can be stacked up for solid gains in the future as the Polkadot ecosystem is ever-expanding and poised to grow.

Parody piece

Realizing the importance of cross-chain compatibility, the Parody Coin team has built-in support for currency swaps. The PARO token will be used for various activities within the Parody ecosystem. It will be used for:

1. Payment transactions (network fees).

2. Payment Regulations for the NFT Market.

3. Payment of fees when trading NFT.

The Parody Coin ecosystem plans to consist of the following components:

1. Parody exchange: Users can easily exchange currencies against the PARO token.

2. Parody bridge: Users can transfer assets between different chains.

3. Parody Market and Parovere: NFT market and metaverse ecosystem.

Holding PARO guarantees passive income

But that’s not all! Holding the PARO token has other benefits as it generates passive income for all its holders. A 10% tax is levied for all transactions made on the Parody network. 5% of this tax is redistributed to PARO holders. Thus, you don’t need to sell the tokens to make a profit. You can continue to earn passive income even when you sleep. The PARO token works in the background, generating a healthy return over time. As a holder, you are also entitled to passive income rewards from generating market fees. These additional passive rewards will be distributed in the form of any BEP-20 token of your choice.

avalanche

Cross-chain compatibility is important because many developers require installations on different blockchain networks. Currently, most Layer 1 networks are independent and developers must deploy dApps individually to different chains. It’s expensive and a waste of resources. However, cross-chain compatible tokens such as PARO can be sued in cases where fee payment is required across different networks. The token can be transferred to different blockchains and vice versa as needed.

When building a crypto wallet, care should be taken to include coins that will be in demand in the future. These three coins are future-proof and as the demand for cross-chain compatible networks increases, AVAX, DOT and PARO are expected to experience significant price appreciation. However, please research thoroughly before investing.

The PARO token is currently being sold via presale. You can get the Parody Coin at an attractive price and it will soon be launched on PancakeSwap. The PARO token operates on the Binance Smart Chain Network (BEP-20).

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

Website: https://parodycoin.io/

Telegram: https://t.me/PARODYCOIN_OFFICIAL

Twitter: https://twitter.com/ParodyCoin

The information published in the article is for educational purposes only. By using this you agree that the information does not constitute investment or financial advice. Do your own research and contact financial advisers before making any investment decisions.

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