Can Felixphere thrive in utility areas like Dogecoin & Avalanche

New cryptocurrencies don't just enter the cryptocurrency market aimlessly, they come with utility, aims, and existing problems they intend to solve. Any project that deviates from this assertion is either a scam or will be lost amidst the 19,000+ other cryptocurrencies in the market. 

The utility of every token determines the sector they'll exist in. We've seen utility tokens, meme tokens, Defi tokens, and even the latest waves of gaming tokens. Each of these categories has at least 100 cryptocurrencies. For a cryptocurrency to thrive amidst such a competitive space, it needs beneficial features. 

This article reviews how the new gaming token Felixphere (FELIX) can thrive in the gaming crypto space like Dogecoin (Doge) is doing as a meme coin and Avalanche (Avax) as a Defi token. 

Dogecoin (Doge)

After the short-lived success of the Safemoon coin, a lot of people wrote meme tokens off, believing they were 'just a joke.' However, Dogecoin (Doge) changed the narrative so much that every successful meme token after it, like Shina Inu (Shiba), is usually termed "Doge killer".

DogeCoin was forked from Litecoin in 2013. The token creator aimed to create a fun and lighthearted token that would greatly appeal to users beyond the popular cryptocurrency. However, the influence of Tesla's CEO made the mere 'fun' coin a success. Elon Musk Tweeted about the token being his current favorite, which affected the market value. 

Although there were no real use cases or utility behind Dogecoin (Doge), the hype sufficed. Later adoptions have seen Doge function in tipping systems. It is one of the top 10 cryptocurrencies on Coinmarketcap, with a market capitalization of $8 billion. 

While analysts are uncertain about the future of the coin, its success in a short while is enviable, even though its longevity can be improved. 

Avalanche (AVAX)

The Avalanche (AVAX) network is the fastest smart contract platform in blockchain technology. It is an eco-friendly platform with a low-cost transaction fee and amazingly fast transaction speed — its time-to-finality is one second!

The platform maintains high scalability and speed without compromising the security or decentralization of the network. Unlike most platforms, Avalanche comprises three blockchains — X-Chain (Exchange chain) for creating and transacting assets, C-chain (Contract chain) for running smart contracts and allowing creators to build dApps, and P-Chain (Platform chain) for managing the avalanche ecosystem subnets.  

The Decentralized finance (Defi) themed token is showing great utility in the area, and it's currently one of the top Defi projects in the market. It has an incentive program — Avalanche rush that brings liquidity function and rewards funders of the pools with token incentives. 

AVAX is the platform's native token, and it's essential to carry out any activities or transactions on the network. It provides users with staking rewards and facilitates all Avalanche use cases. It's a successful Defi token with a Coinmarketcap rank of #16 and $5.5+ billion in market capitalization. 

 

FelixPhere (FELIX)

 

The Felix token can become one of the most successful gaming tokens in blockchain technology. The platform brings numerous rewarding options for users and features easy-to-play games that trigger nostalgia. 

FelixPhere (FELIX) incentive mechanism includes an innovative referral system that allows you to earn 2% on your referral's winnings and 0.2% on the winnings of anyone you refer. It also has a daily lottery feature which you can play with your Felix token and earn rewards. 

The platform runs on a play-to-earn model that requires you to create a wallet and fund with the Felix token before starting. It is an all-around rewarding network that allows you to enjoy the thrills or play games while earning from it.

Felixphere (FELIX) is set to go on presale in the coming weeks, and the developers promise to release more information on it through a detailed whitepaper. It's an exciting project, especially for gamers, and its utility can make it a success in the crypto gaming sector. 

Website: https://felixphere.io/

Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Crypto Daily, nor is it intended to be used as legal, tax, investment, or financial advice.