Altcoins to Watch in the Crypto Collapse: FTX Token (FTT), Axie Infinity (AXS) & Mehracki (MKI)

07/07/2022

2 minutes read

2022.07.07 13:05

Cryptocurrency is taking over the world even as the crypto collapse is happening, perhaps this is because of Bitcoin’s (BTC) rise in 2009 which led to many young millionaires. It’s also because cryptocurrency has changed the way we look at money; it gave us a decentralized form of transactions without the difficulty of the more traditional banking system.

This democracy led to a lot of altcoins each attempting to create a better blockchain than the other. Mehracki (MKI), FTX Token (FTT) and Axie Infinity (AXIE) are among the strong ones we will discuss.

Mehracki (MKI)

Mehracki (MKI) is a decentralized platform that is meme-based. Its main focus is its community and Mehracki (MKI) has real-world uses from borderless payment to affordable and fast transactions. Its goal is to make the tourism and hospitality sector accessible to everybody.

Mehracki (MKI) will allow users to execute transactions through its native Mehracki Token (MKI) which is currently on presale. The users are will be given the ability to access customer loyalty tokens and not have to depend on expensive mediators. Users also receive information on specific consumer behaviours to better their services. Staking will also be available for rewards which will promote buying of its native token.

With time, Mehracki (MKI) seeks to reward users for using its utility token and for trading non-fungible tokens (NFTs). It will transform into a completely decentralized autonomous organization (DAO) managed by the community and create a marketplace where hospitality and tourist sector individuals can communicate without intermediaries.

There are a total of 100 billion Mehracki Tokens (MKI) available of which 36 per cent are allocated for presale and liquidity; the other major bulk is for the ecosystem. Each token sells for 0.000056 dollars and the presale ends on 22nd August 2022, which leaves people less than a month to purchase their own Mehracki Tokens (MKI).

FTX Token (FTT)

Another cryptocurrency resisting the cryptocurrency price plunge is FTX (FTT), which is an exchange created by traders for traders. Its products are leveraged tokens, industry-first derivatives and volatility items. Although FTX (FTT) is complex in its trading nature, its user interface is rather easy which makes it a great choice for newcomers!

Its native token, the FTX Token (FTT) powers this platform and was launched on 8th May 2019 making this cryptocurrency trading platform relatively new. This FTX Token (FTT) is ERC-20 and can be exchanged, users of the platform also get to store and control their FTX Tokens (FTT) through the Ledger Nano X/S wallet (hardware) found in its Ethereum (ETH) application.

Axie Infinity (AXS)

The third cryptocurrency to look out for this crypto collapse is Axie Infinity (AXS), essentially a gaming world with cute and adorable creatures called Axies. Users can collect these Axies as pets which they can then raise and create kingdoms. Players in Axie Infinity (AXS) get to purchase, sell and trade their resources obtained in the game by contributing to the platform.

The aim of Axie Infinity (AXS) is to deliver a thrilling gaming experience for its users whose finances are important to the network. The Axie Infinity Tokens are also called Axie Infinity Shards (AXS), they are ERC-20 and governance based. Their holders can obtain rewards by staking them, engaging in the game or delivering important governance votes. This token is currently going for approximately 16.90 dollars on the market and is a potentially rewarding catch, just like its Axies!

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