CAN KLANGAVERSE (KLG) COMPETE AGAINST PROMINENT PLAYERS IN THE CRYPTOCURRENCY INDUSTRY LIKE WAVES (WAVES) AND STEPN (GMT)?
Not a long time ago, in 2021, cryptocurrency was a leading and profitable sector. The decentralized industry was once destined to reach $2.96 trillion in total worth. Until in early 2022, in January, there was the first significant crypto crash after reaching the zenith. Crypto lost nearly $1 trillion within the first month of the year 2022. Klangaverse news..
Do you think this was the worst that could have ever happened? No, we wrote “first major crypto crash” this means there was a second major crypto crash in late April. From April to June of the same year, crypto lost another trillion, with a total market value of well below $900 billion.
However, we are not leaving you alone in this dark phase of the crypto crash. Many enthusiasts are still optimistic about another surge. Here we will discuss the newly launched crypto, Klangaverse (KLG), to help you decide the best for you.
Introducing Klangaverse (KLG)
Klangaverse (KLG) is a decentralized music-sharing network that employs blockchain technology to provide fair artist income, a transparent and stable payment mechanism, and high-quality audio material for the community.
It is the Ultimate NFT Music Platform, bringing artists, listeners, and professionals together in a single app and network. Consider it a marketplace for all things linked to music. It introduces the $KLG cryptocurrency for artist and follower payment and administration. This is a new paradigm in which artists may determine how the money created by their minted songs is distributed across teams based on the various songs minted in its ecosystem.
Klangaverse (KLG) can supply large numbers of minted recordings by artists in a very decentralized manner by leveraging the speed and redundancy of IPFS’s decentralized storage method (Interplanetary File System).
Comparing With Waves (WAVES) And STEPN (GMT)
Waves (WAVES) is a blockchain platform that combines cryptocurrencies, token distribution, and decentralized exchange (DEX). Smart contracts are another name for cryptocurrency tokens. The Waves blockchain allows users to purchase, sell, and exchange other cryptocurrencies.
Its basic blockchain technology makes it simple for users to design their tokens. Waves (WAVES) are simple to use, and users can stake their coins in exchange for a reward.
Waves (WAVES) fell by 4.26% in the last 24 hours but increased by 26.12% in the previous seven days. The coin has a market capitalization of around $655 million and is currently ranked 65 on CoinMarketCap as of June 27th, 2022.
STEPN (GMT) is a new lifestyle and fitness platform with its cryptocurrency, Inexperienced Metaverse Token, or GMT. The future-proof STEPN is well-known among investors as the first’move2earn’ mobile NFT game and a Web3 lifestyle app that combines Social-Fi and Game-Fi features.
STEPN (GMT) developed a Web3 lifestyle app that rewards users for participating in physical activity, particularly running. The reward is STEPN’s token, GMT, which can then be traded for other cryptocurrencies on major exchanges such as Binance or FTX.
STEPN (GMT) fell by 6.93% in the last 24 hours but increased by 22.05% in the previous seven days. The coin has a market capitalization of around $578 million and is currently ranked 71 on CoinMarketCap as of June 27th, 2022.
Unique Features of Klangaverse (KLG)
The Klangaverse (KLG) community is decentralized, and its vibrant members own it. The currency encourages new ideas and perspectives to build the Klangaverse into the best crypto community possible.
Artists receive immediate benefits for every transaction involving the minting of their music with a $KLG token. This will enable them to share profits with their production team. Sometimes transaction fees are used to fund community development projects.
Klangaverse (KLG) is in it for the long run. The decentralized community encourages long-term ecosystem expansion, which will lead to actual use cases, more significant incentives, and fame that will outlast any fads.
The coin is ready to be released into the cryptocurrency world. The whitepaper details the coin’s roadmap. It addresses numerous issues with current streaming platforms. The artist receives the rights from the Klangaverse (KLG). It also grants the artist ownership and the deserved loyalty rights. Klangaverse (KLG) has taken the initiative to provide a comprehensive solution to these and other issues confronting artists.