3 Cryptocurrencies With Most Engaging Use Cases – Sandbox (SAND), Decentraland (MANA), Mehracki (MKI)
From play-to-earn games to staking and memes, cryptocurrencies are gaining more recognition for having a variety of use cases to attract a fresh demographic and holders to boost their profit margins. But for tokens like Mehracki (MKI), the fundamental value lies in giving users feel-good moments, and fostering more ‘soulful’ engagement with cryptocurrencies.
Below are the three key cryptocurrencies with unique use cases.
The Sandbox (SAND) is an Ethereum-based metaverse project recognised as one of the fastest growing platforms in the cryptocurrency industry. The project enjoyed a large amount of growth during the 2021 NFT craze, crossing the $1 mark in the last quarter, and has since continued on an upward trajectory. As of writing, the market cap stands at $4.1 billion, while SAND sells for $1.2.
The Sandbox is a virtual reality game whereby users are able to simulate real-life activities within the metaverse. Currently the brand benefits from collaborations with established gaming organisations such as Atari. Much of the trading volume comes from the creation and trade of NFTs and its design objective that allows players to create NFTs using the SAND metaverse tokens. SAND has a limited token supply of 3 billion tokens, and already, over 1.23 billion are in use.
Decentraland is a 3D virtual reality platform that allows creators and artists to interact and monetize their creative content. The network was designed for individuals, creators, and businesses seeking a veritable medium or a source of entertainment. MANA facilitates real estate acquisition (LAND), voting on policies, and earning rewards on the Decentraland network.
Decentraland (MANA) is one of the leading crypto gaming projects leveraging DAO for governance and community development, stimulated by MANA holders who manage how the platform works, types of content allowed in the metaverse, LAND auctions, and voting. Decentraland metaverse plays host to a series of events, which has helped to attract gaming enthusiasts seeking the best ways to maximise the possibilities of the virtual reality platform.
For gaming cryptos, an increase in utility expands the scope of potential investors, creating more adoption for gaming cryptocurrencies like MANA. This could lead to an uptrend in the price of the project. MANA currently sells at $0.96 as of writing and boasts a market cap of $2.6 billion, ranking as one of the top metaverse coins.
Mehracki ($MKI) is a community-driven, feel-good meme token built on Solana and developed to help users generate wealth for investors and create feel-good moments and activities for people worldwide.
Pronounced “may-rah-kee,” Mehracki is a word that describes putting any of the trinity of soul, creativity, and love into whatever one does. According to Mehracki’s ($MKI) whitepaper, the platform is driven to become one of the frontrunners for the revolution of the meme coin sector, sponsoring activities and causes that will make the world a better place.
For the creators of Mehracki (MKI), the vision is to eliminate the drab feeling crypto users have towards cryptocurrencies and convert the boredom from a transaction with repetitive coins to engaging tokens designed for feel-good utilities. This way, Mehracki ($MKI) integrates real-life use cases to improve user experience and deepen the crypto community’s love for cryptocurrencies. Mehracki’s real-life application will revolve around quick and affordable transactions with a primary focus on industries aimed at making us feel good — hospitality and tourism.
MKI will help verify and authenticate transactions made within the Mehracki platform. Payments with $MKI will be gamified with several rewards at different milestones to promote the use of the token. Transactions on Mehracki will be gamified based on merchants purchased from, the amount spent, and active referrals as users attain levels within the system and enjoy more rewards and discounts on certain services.
However, using Mehracki will come at a cost as each transaction will attract a 0.5% charge. This will be used to maintain the ecosystem through staking rewards, liquidity pool, incentivizing payments with $MKI, and rewarding developers’ contributions to the Mehracki network.
Follow the links below for more.