Published
1 year ago on
August 11, 2022
Cryptocurrencies are an integral part of the current financial market. This goes to show the influence and popularity of blockchain technology. Almost every sector of the world's economy has been revolutionized by blockchain technology, and these three cryptocurrencies are doing a great job of contributing to the revolution: Carlossy Caterpillar (CARL), Binance Coin (BNB), and Bitcoin (BTC).
Carlossy Caterpillar (CARL)
In a world of cryptocurrencies, like Bitcoin (BTC) and Ethereum (ETH), that are revolutionizing major industries in the world, Carlossy Caterpillar (CARL) is a new cryptocurrency positioning itself in the decentralized community.
During and after the pandemic, humans saw the need for relaxation and taking breaks. The lockdown brought about the realization of its effects on individual health and the collective well-being of society. As established earlier, cryptocurrency has found a place in most industries, and the area of entertainment is no exception, hence, the introduction of meme coins. Meme coins, as the name suggests, are cryptocurrencies that originated from a meme or a popular photo on social media.
Carlossy Caterpillar (CARL) is a meme coin inspired by the popular chocolate roll cake sold by Mark & Spencer. CarlossyCaterpillar (CARL) will run on the Binance Smart Chain (BSC) and will be used to buy, trade, and stake other digital assets in the blockchain network.
The Carlossy Caterpillar team hopes to integrate more people into blockchain technology by leveraging the growing interest in meme coins. Users who purchase the Carlossy Caterpillar token with Binance Coin (BNB) on the Binance Smart Chain (BSC) will receive a 20% bonus for using BNB.
Initially, based on the Ethereum blockchain as an ERC-20 token, Binance Coin (BNB) is now the native cryptocurrency of the Binance Smart Chain (BSC). With over one million transactions per second, Binance is considered the largest exchange platform globally. The Binance Coin (BNB) is used for all operations on Binance, including trading, payment of transaction fees, and collection of loans.
The Binance Coin (BNB) is similar to how Ether (ETH) works on the Ethereum blockchain. The coin, unlike other cryptocurrencies, cannot be mined. Binance makes sure the Binance Coin (BNB) has a limited supply by using 20% of its profits to repurchase BNB and burn them quarterly.
