What are MicroPets? MicroPets (PETS) is a Binance Smart Chain token that leverages MicroPets, the current meme token and NFT hype. In this article, you can access the answers to the questions that investors wonder, such as what MicroPets is, what it offers, what is PETS coin, what is it for, how to get it. As Kriptokoin.com, we have prepared it for you.
What is MicroPets? What Does It Do?
MicroPets are animated NFTs of dog characters used in cryptocurrency memes, including Shiba Inu, Akita Inu, and Floki Inu. The concept plays on the popularity of these cryptocurrencies, which use images of dogs as their logo. It has a team of more than 30 decentralized finance and marketing professionals. The team has partnered with Cubix, a blockchain game app development company, to create an ecosystem for the characters.
NFTs can be operated and traded on the Binance Smart Chain (BSC). It also offers its investors the chance to stake. According to the MicroPets website, MicroPets has been built with support for special edition editions, allowing the creation of holiday-themed characters and “one-off releases based on the current hype in the cryptoosphere.” A special Halloween version was also added to the project the week after its release in October.
What is PETS Coin?
PETS coin is the native token of MicroPets. It is a BEP-20 token and MicroPets uses the BEP-1155 NFT standard, which allows users to purchase multiple vaults and pay a single transaction fee. Buyers then pay an additional fee to open all the safes at once. The goal is to make it easier for users to purchase more crates. Increasing the volume of MicroPets dApp, raising prices and increasing usage are also other goals.
Every purchase or sale transaction; It carries a 2% tax on the liquidity pool and 5% on marketing and redemption. According to the website, “Adding a portion of each trade to liquidity provides less price volatility, while manual retracement is used to build bullish momentum or defend key support areas.”
How Does MicroPets Work?
To explain how MicroPets works, let’s first look at what exactly a prediction market is and why they are valuable. Users can use the PETS crypto token to purchase a crate using the MicroPets decentralized application (dApp). The chest contains a random NFT with its own rarity and bet multiplier. The user can stake the pet in the betting pool to earn rewards or sell them on the MicroPets market. They can also burn NFTs from a lower rarity level to get a character from a higher level. For example, they might rank 12 babies as one adult.
What is MicroPets? How to Buy PETS Coins?
MicroPets is traded on many cryptocurrency exchanges with large trading volume. PETS coin is currently listed by exchanges like Bitrue, LBank, PancakeSwap (V2), Hotbit. To purchase the token, it is necessary to become a member of one of these exchanges and verify the identity. Investors who have created their accounts fully can buy PETS coins by depositing money in their wallets.
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