How Does Mehracki (MKI) Measure Up With The Likes Of Theta Network (THETA) And Zcash (ZEC)?
With the continuous influx of new currencies into the market, some cryptocurrencies like Mehracki are satisfied with providing a simple use case that can assist users.
On the other hand, there are a few crypto projects that aim to transform the way we think about cryptocurrency and strive to improve the entire blockchain ecosystem.
Theta Network (THETA) and Zcash (ZEC) are two cryptocurrencies that have constantly made millions for their investors by simply pursuing a noble course while the new meme coin, Mehracki Token (MKI), has gained notoriety for its innovative solution to dealing with third-parties.
In this article, we will explore why these cryptocurrencies are worth your investment.
Theta Network (THETA) in the NFT space
Have you ever wondered what the future of video streaming would be like in the blockchain era? THETA Network is the answer!
The network is popularly seen as a decentralised alternative to Twitch and YouTube, which are both centralised video streaming platforms.
It was established in 2019 as a community of people who utilize P2P (Peer-to-Peer) networks to exchange bandwidth and other resources.
This simply means that as the THETA community becomes larger, the project becomes more potent.
THETA, the native token, serves as a governance mechanism, allowing members of the community to carry out a variety of duties.
The THETA Network is built on its own blockchain, which was designed and built precisely to fulfil the network’s particular requirements.
The concept allows people to create content for free without fear of it being removed by censorship-heavy platforms.
This collaboration with Samsung Electronics gives Theta an advantage in the NFT marketplace since Samsung consumers may claim a free NFT by completing registration on ThetaDrop. Samsung, Sony, CAA, DHVC, and Sierra Ventures are among Theta’s top investors.
THETA’s all-time high price as of May 2022 was $15.72, set in April 2021. To get there, the price doubled by five in just a month, but then progressively lost back all of those gains over the next year.
Zcash (ZEC) is all about the security
Zcash (ZEC) was created to offer consumers safe transactions. Zcash (ZEC) users may conduct safe transactions thanks to a feature called zk-SNARKS Security.
Thus, using zk-SNARKS technology, it is feasible to safeguard information about the sender, recipient, and amount of a transaction, which is a significant benefit.
Trade parties in Zcash have the option of “selective disclosure,” which allows users to show payment for auditing reasons.
One such incentive is to provide private actors with the choice of complying with anti-money laundering or tax regulations.
Although it lacks several key characteristics of Bitcoin (BTC), it might be considered an alternative. ZEC is the token used on the Zcash blockchain. The entire number of Zcash (ZEC) tokens, like Bitcoin, is restricted to 21 million.
Mehracki (MKI) is a project for the people
Business owners are continuously looking for methods to cut manufacturing costs and the activities of third parties to maximise their profits.
Mehracki (MKI) is a novel approach to the challenge of dealing with costly third-party merchants.
The MKI Token will be utilized as a payment currency, with considerable discounts offered to hospitality industry owners and tourists.
When using the Mehracki Token, users will not need to carry cash or worry about hefty international exchange costs.
The MKI Token will carry a set 0.5 percent fee for supporting network transactions. The whole network is being designed as a DAO, and users will be given voting rights to assist in determining the power structure of the ecosystem in the future.
The Mehracki (MKI) platform will also feature feel-good NFTs that users may earn based on their incentives.
NFTs will allow business owners to give discounts and unique offers to their customers. The NFTs can potentially be commercialised and traded for long-term benefit.
Furthermore, Mehracki Token holders will be able to stake and receive rewards by increasing liquidity.
In the future, a passive income incentive distribution system will be established to incentivize users to retain the currency for the long term.
Mehracki additionally provides investors with security and transparency as it is supervised by a DAO. As a result, clever investors are purchasing Mehracki tokens.
The MKI is available at the moment for presale, and you may become an early investor in this cryptocurrency. It has already piqued the interest of savvy investors who are amassing tokens at discount prices.
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