Home / Brand Stories / Alongside Solana and ApeCoin, Will GryffinDAO Be The Next Game-Changer In Crypto
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For a token like GryffinDAO, with all its exceptional utilities and use cases, it is not hard to see why people are anticipating a bright future for it in the cryptocurrency market. However, when it offers novel features like a rebase token system, bond pricing, and liquidity booting, we begin to see it as a game-changer in the cryptosphere, just like Solana (SOL) and ApeCoin

Will GryffinDAO Be As Magical As It Sounds?

GryffinDAO (GDAO) is a protocol that integrates ultra-grade technologies to drive a DAO platform for an all-around utility creation for its holders. The network is built on Binance Smart Chain, promising a fast, secure, decentralized trading experience.

It also features liquidity bootstrapping, yield farming, and a GryffinDAO (GDAO) gaming platform that holds various NFT collections. Both the platform and members can create their own NFTs in the gaming ecosystem, providing players with an extra revenue stream when sold in marketplaces while boosting their experience in gaming and the metaverse. 

GryffinDAO (GDAO) features a unique model using a rebase token system where you can access earnings. The benefits of its deflationary token support this, all helping to ensure GDAO token stability with a supply algorithmically modified to control its price. Much like other stablecoins, GDAO tokens will be pegged to other assets. This mechanism automatically burns tokens or mints new ones, a different approach from regular tokens where stablecoins are backed by a reserve.

The platform also features staking and bond pricing, where users selling bonds provide an avenue to increase the treasury of the GryffinDAO platform. This offers an opportunity for users to make gains on the market as bond prices usually fall below the market prices to incentivize bond sales and attract more users. 

Purchasing a GDAO on presale guarantees a long-term benefit as the token value increases after the launch. With it, you get to enrich your wallet and bounce back after the current crypto collapse. 

The GDAO presale has just launched, so this is a unique opportunity for people to get into a project and grow with it from the ground up.

Solana - Is Old Really Gold?

Solana (SOL) is a leading cryptocurrency with over 33 billion USD market cap. Furthermore, it is famed as the fastest blockchain protocol, primarily due to its dual consensus system of proof-of-stake and proof-of-history that can process transactions up to 50,000 per second. This easily positions Solana (SOL) as a decentralized blockchain designed to power the creation of dApps and decentralized marketplaces.

Solana (SOL) has constantly stood out for its ultra-level speed, transaction throughput, and exceptional product utility. Its promising features have earned it the name Ethereum (ETH) killer because it is faster, less costly, and more scalable than Ethereum in terms of transactions on DApps, and marketplaces built on its protocol.

Solana seems to be living up to its hype. For the first time, Solana (SOL) beat Ethereum (ETH) through trading volume when, during a 24-hour trading span, its NFT secondary market sales generated nearly $24.3 million in total during the previous 24 hours, as against Ethereum (ETH) sales which recorded $24 million during the same span across all marketplaces.

SOL is one of the worst-hit coins in the crypto collapse, witnessing one of its most severe price plunges since inception.

Going Bananas About ApeCoin (APE)

APE is the native cryptocurrency for the ApeCoin ecosystem hosted on the Ethereum (ETH) blockchain and includes the ApeCoin DAO and all services utilizing the APE token. ApeCoin is managed by the APE Foundation, which administers the decisions of the ApeCoin DAO.

The token facilitates the growth and development of a decentralized Web 3.0 by powering governance, access to items, games, and events, and rewards for community participation. As a user, you can trade ApeCoin on different exchanges, including Binance, Coinbase, KuCoin, Huobi, Kraken, etc.

The adoption of APE by Yuga Labs, the creator of the famous Bored Ape Yacht Club (BAYC) NFT collections, as the primary token for their new products and services, is argued to be ApeCoin's most significant win. The Bored Ape Yacht Club, which started in April 2021, comprises thousands of individual ape NFTs with distinct facial expressions and clothing designs. The concept gained popularity with celebrities like Jimmy Fallon, Justin Bieber, and Paris Hilton investing in the NFTs, thereby increasing ApeCoin's market cap.

APE has been struggling to stabilize the value following the recent shocks in cryptocurrency markets and has fared well in it. According to CoinMarketCap, at the time of writing, the price of an APE is $4.93 with a 24-hour trading volume of $463,361,785, down by 5.77 in the last 24 hours. The company’s market capitalization is projected at $2.93 billion.

Check the links below for more on GryffinDAO (GDAO)

GryffinDAO (GDAO)




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 favour 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.

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