They are coins to promote fun in the crypto industry while solving pertinent problems in the global economy.
Parody Coin is the latest meme coin with its unique ecosystem that seeks to even out the NFTs marketplace for all enthusiasts.
Dogecoin (DOGE) was the first meme coin in the crypto industry, paving the way for several others.
Since its popularity and great surge in its value years ago, DOGE has paved the way for hundreds of other coins in the industry.
There are coins in the market from a gaming ecosystem, a meme-creating ecosystem as well as ecosystems that mock other cryptocurrencies.
Parody Coin has a unique ecosystem that seeks to solve a problem in the NFT space.
Thousands of enthusiasts in the crypto space want to invest in NFTs but are deterred by the price of minting one and the fees of trading.
Exorbitant fees are a big issue on the Ethereum blockchain with the hundreds of projects running on it.
Parody Coin ecosystem is designed to make the most exciting and beneficial aspects of the NFT markets more accessible to everyone interested.
It provides the capacity to mint parodies of the most popular NFTs in the industry. It also provides the mechanism to trade these NFT parodies and generate revenue.
If it is a functional NFT, users can derive utility value from it like they would from the original NFT.
The PARO tokens are the ecosystem’s native coins, and they will be used to sell and buy these NFT parodies.
Through this coin, users pay fees to mint and transfer NFT parodies between wallets on the marketplace.
The transactions involving the sale of the NFT parodies are also settled using the PARO token.
In addition, it is the medium of exchange in the Paroverse and the other DApps launched in the ecosystem.
The Superiority Of Parody Coin (PARO) Over Other Coins Like ApeCoin (APE)
APE tokenises the ApeCoin ecosystem that supports the expression of culture in web 3.0 through art, gaming, entertainment, and events.
ApeCoin will be the decentralised protocol layer for community-led initiatives that drive culture forward in the metaverse and Web 3.0.
It runs on the Ethereum blockchain and has ERC-20 governance.
This ApeCoin ecosystem is one of the many projects designed to support the Web 3.0 revolution.
Several of these ecosystems offer similar features and do not give a unique feature like Parody Coin.
Besides solving this pertinent problem, it is also key to the web 3.0 revolution, as the importance of NFTs can not be underestimated.
The Parody Coin NFT Marketplace
The Parody Coin NFT marketplace is a decentralised application (dApp) on the Binance Smart Chain.
The marketplace has a user-friendly interface that allows you to mint the parodies of your favourite on the Binance Smart Chain, Ethereum, and other blockchain networks.
In addition, the NFTs marketplace on the platform will also enable anybody to put up their NFT parodies for sale or buy one from a list of those put on sale by others.
These Parody NFTs do not become yours originally as the platform does not sever ties with the original NFT you cloned your parody from.
Instead, the platform uses a robust bridge where the owners of the NFT original can gain ownership of the parody NFTs by locking up or burning the original NFT.
With this, there’s a possibility that some Parody NFTs can end up as original NFTs, but on the condition that the owner of the original NFT decides to get the parody and implement the changeover by burning the initial NFT.
With these highlighted features of Parody Coin, you get the scope of the ecosystem and how profitable a platform this unique can be.
Parody Coin (PARO)
Website: https://parodycoin.io/
Presale: https://presale.parodycoin.io/register
Telegram: https://t.me/PARODYCOIN_OFFICIAL