New Delhi โ Cryptocurrencies and other digital currencies have been in the headlines for quite some time. Awareness related to cryptocurrencies and blockchain has reached the point of making its way through public consciousness and popular culture. Although cryptocurrencies have become a part of our daily lives, people still consider them to be tech-savvy, something that is discussed at parties and social gatherings.
But, the utility of cryptocurrencies is gaining importance day by day with major brands accepting them as payments and a large number of people are investing in digital currencies. Blockchains are being used in new fields while NFTs are taking over the internet. With all these new developments, it is important to address the issue of crypto literacy in our country. Thus, three entrepreneurs namely Godhani, Pratik Bodra and Parth Parsana are ready to launch their new cryptocurrency by promoting safe new cryptocurrency investments among the new investors.
The trio have over six years of experience in the cryptocurrency field and are working towards launching Web 3.0 based cryptocurrencies that will include Metaverse, DeFi and NFT as a utility.
In addition, they also plan to release their exclusive NFT collection. NFT holders will get a guaranteed amount of allocations in their IDO (DEX Initial Offering). These NFTs can also be used in the metaverse.
Parth Parsana shared some of his thoughts on NFTs. โNFTs are risky because their future is uncertain and we don't yet have much track record to judge their performance. But keep in mind that the value of an NFT is entirely based on what someone else is willing to pay for it. Therefore, demand will drive the price rather than fundamental, technical or economic indicators, which typically influence stock prices and, at least generally, form the basis of investor demand,โ she said.
The token's smart contract will be made on the Ethereum chain (erc-20) and the binance smart chain (BSC). In addition, the distribution of pre-sale tokens and public sales will take place on different launch platforms globally. The list of tokens on the world's leading cryptocurrency exchanges will be after IDO.
Meanwhile, Godhani stated, โThe Metaverse is the future. It is the place where you explore and interact with people and places in the digital world with your virtual identity. It will be the only place to share knowledge, learn and earn that no one can control, and that is the power of blockchain.โ
The trio have big plans for the metaverse and the future of digital currencies. However, they also warn investors to be cautious.
โInvesting in cryptocurrencies for a beginner can seem overwhelming. When you buy cryptocurrency, the transaction is recorded on a blockchain, which is decentralized and stored in systems across the network. It's a volatile market, but with enough research, an investor can build a competent portfolio. Not to mention the security and privacy crypto offers when used for business. Beginners can start by investing in popular tokens like Bitcoin and Ethereum and then investigate other options,โ said Pratik Bodra.
