• Wed. Jun 22nd, 2022

CAN PARODY COIN (PARO) TAKE ON THE WORLD OF CRYPTOCURRENCIES LIKE CHAINLINK (LINK) AND NEAR PROTOCOL (NEAR)? – CryptoMode

ByHazel R. Lang

Jun 5, 2022

The recent crypto market crash has cost people all their fortune. On the other hand, this low market value attracts new investors to invest and earn profits, anticipating a future market surge.

The new virtual currency, which made profits after the launch of Bitcoin (BTC), is now recognized worldwide and its popularity is growing among young people. The volatility of cryptocurrency has the potential to make you a millionaire with easy and few investments; therefore, the youngster is ready to try his luck and earn money.

Parody Play Exploration (PARO)

Parody piece (PARO) is a BEP-20 token with a BNB chain-based ecosystem that supports minting, trading, and NFT access. The Parody piece (PARO) is a contemporary meme piece. The Meme piece is a new cryptocurrency inspired by internet memes. It is generally offered as a comedic product rather than a serious one. Because meme tokens rely on influencer approval and community passion, market interest influences their value.

Parody Coin (PARO) contains all the intriguing elements that set meme coins apart and more. It is an ecosystem with several valuable features that make it an attractive investment for token holders. Some features include Parody Swap, Parody Bridge, and Parody Market.

Compared to Chainlink (LINK) and NEAR protocol (NEAR)

Chain link (LINK) is a decentralized blockchain-based platform launched in 2017. Smart contract capabilities provide access to real-world data and off-chain computation while maintaining security and transparency.

It is a decentralized network of oracles that connect blockchains to external networks, enabling the implementation of smart contracts based on blockchain inputs and outputs.

As of May 29, 2022, the coin was ranked at the 26th position, with a coin market cap of around $3.1 billion. Over the past seven days, it has fallen by 8.12%. In the past 24 hours, the coin has risen by 2.8%.

NEAR Protocol (NEAR) is a simple, scalable, and secure blockchain platform designed to deliver the best possible developer and consumer experience needed to bridge the gap between decentralized application adoption and mainstream usage. The South Pole has confirmed that NEAR is fully carbon neutral.

NEAR Protocol (NEAR) is a Tier 1 blockchain based on PoS (proof of stake) optimized for the execution of smart contracts. A PoS-based blockchain is scalable enough to facilitate the creation of decentralized applications (dApps). As of May 22, 2022, the coin was ranked at the 22nd position, with a coin market cap of around $3.5 billion. In the past seven days it has fallen 15.68% and 3.97% in the past 24 hours.

Unique Features of Parody Coin

Parody Parts Exchange (PARO)

Parody Coins (PARO) will be exchangeable with other blockchain assets. This will be done primarily through liquidity pools on decentralized exchanges (DEX). Users are exempted from the requirement to maintain the liquidity pool when using Parody Coin. Instead, the liquidity pool is backed by token reflection – liquidity is derived from the fees users pay to trade in the ecosystem.

The DApp Store

The Parody Coin (PARO) ecosystem works like a super app, filled with its own DApp store. The long-term goal is to enable third-party developers to build and deploy applications within the ecosystem. These DApps will provide many services, including those that make it easier to mint, trade, and use imitation NFTs.

The Parover

It is an ecosystem component designed to help develop NFTs that interact with the real world. It focuses on the prerequisites for the development of the metaverse. The Parovere, using NFT copies and other decentralized applications, provides the ability to create and interact with digital worlds interfaceable with the natural world.

The coin will be released in three parts, starting in January 2022 and ending in August 2022. This highly anticipated coin has a lot of potential to disrupt a significant portion of the market. NEAR’s administration is shaky, and now only validators can vote on ideas. The centralization of governance is worrying, with a 35% token supply held by owners. Chain link (LINK)The success of depends entirely on suitability of use, and operation is limited by internal use and success of the platform. NEAR Protocolit is (NEAR) the intention to issue up to a billion tokens has been criticized by experts who believe that such a large volume will exceed available resources.

For more information about Parody Coin (PARO), visit:

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

Website: https://parodycoin.io/

Telegram: https://t.me/PARODYCOIN_OFFICIAL

Twitter: https://twitter.com/ParodyCoin


Always do proper research when dealing with currency and token presales. The above information does not constitute investment advice from CryptoMode or its team, nor does it reflect the opinions of the website or its staff.

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None of the information on this website is investment or financial advice. CryptoMode is not responsible for any financial losses incurred while acting on the information provided on this website by its authors or customers. No advice should be taken at face value, always do your research before making financial commitments.



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