Furthermore, the race to preserve their capital is on as they must eliminate badly performing projects from their portfolios.
This makes it more important for investors to apply strategies that enable them to get the most out of their portfolios. The strategies that investors employ depend on several factors, including the size of their portfolio, the number of assets in them, and their investment philosophy. The crypto crash is a difficult time for investors, but they can turn it around. Finally, investors should ensure that they keep their ears to the ground as it ensures that they have all the latest information regarding the crypto ecosystem.
Axie Infinity (AXS), ApeCoin (APE), and Feed3 (FD3) are three crypto tokens you should be monitoring in this crypto crash. Adding these projects to your portfolio will put you on track to benefit when the market tides turn. We have curated some information regarding these three projects below.
Axie Infinity (AXS) is a crypto game. It is built on the Ethereum (ETH) blockchain, and its characters are NFTs using the Ethereum Network standard. Axie Infinity takes its inspiration from the popular card game developed by Nintendo, Pokemon. Sky Mavis development studio is responsible for developing and launching the game in 2018. In Axie Infinity, players trade and battle Axies to win points and SLP (smooth love potion) These points can be used for various actions, including upgrading Axies or purchasing stronger ones. Additionally, players can breed, swap, and sell Axies in-game. The game uses a play-to-earn model to reward players for participation. Finally, the game has over 500 Axie traits available for players to use in the game.
AXS is the game*s governance token and is also known as Axie Infinity Shards. This token allows its holders to perform governance activities in the game. These governance activities include voting on and proposing changes to the game. In addition, AXS holders decide how the funds in its treasury are spent and how they are used to better the Axie Infinity game.
ApeCoin (APE) is the utility token of the APE ecosystem, allowing users to perform various transactions within its ecosystem. APE is built on the Ethereum (ETH) blockchain and uses the ERC-20 token standard. The initial supply of the APE token was airdropped to BAYC (Bored Ape Yacht Club) holders, bringing them into the APE ecosystem. The supply of the APE token is hard capped at 1 billion tokens, and it is secured using a proof of work consensus mechanism.
The ApeCoin DAO is in charge of making decisions affecting the APE ecosystem. Token holders are eligible to vote on how the ecosystem should be run. In addition, the APE Foundation is responsible for executing proposals that APE token holders have accepted. The APE ecosystem continuously expands as Yuga Labs purchases the Crypto punks collection in addition to the MAYC (Mutant Ape Yacht Club) and Otherside collections it already owns.
Feed3 (FD3) is a decentralized network for collecting feedback in Web 3. The project recognizes that the new internet, or Web 3 as it is popularly called, is in its nascent stage, and feedback is crucial to building projects that users love. Feed3 lets users provide audio feedback to builders in the Web 3 space. If you have just played a crypto game or used a service and would love to drop your honest opinion, Feed3 is the platform to use. The project is pioneering its Feedback-to-Earn model, which it will use to reward users for sharing their experiences and helping the development team.
The FD3 token will be used to reward users for their contributions, and it will also encourage users to leave feedback about their experiences. You can purchase FD3 tokens at the ongoing presale to participate in this project. There are numerous bonuses and rewards up for grabs!