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Will Xchange Monster (MXCH) Impact The Crypto Market In The Same Way As Tron (TRX) And Binance Coin (BNB)?

Xchange Monster (MXCH) is a revolutionary crypto-gaming platform attempting to create an ecosystem catered to gamers and publishers. GameFi is still in its early stages of development, there are still areas where the sector could improve. Xchange Monster aims to create a platform that is simple to navigate and easily accessible.

The platform will consist of three primary components to help the ecosystem thrive. Monster Wallet, Monster Exchange and Monster Pay. Users will have an optimised service that will change how GameFi operates in the long term.

Xchange Monster (MXCH) has an advantage over projects in the market because the team is regulated by the VQF, which is under the supervision of the Swiss financial authority. It ensures a high level of security for users. With the GameFi sector still in its early phase the chances of scams and rug pulls exist. Having trust in the platform will significantly increase the adoption rate.

The team behind Xchange Monster are highly qualified to deliver the platform. Karl Honigwachs is an entrepreneur from Switzerland who has over ten years of experience working with blue-chip companies, including Microsoft and Siemens. He comes from a background in software development and has supported multiple blockchain organisations.

Another important factor behind the team is that they are doxxed. Users of the platform will have access to information on their background and work history. It adds an extra layer of security, ensuring the users are in good hands in the long term.

The future looks bright for Xchange Monster. The monster wallet is already available to download on the app store. Users can take advantage of the early access to the product and preview the specifications that Xchange Monster has to offer.

Tron (TRX), Will it bounce back?

Tron is known for having working products. The platform also has no transaction fees, which is a huge advantage taking into consideration the issue surrounding Ethereum’s high gas fees. The network is fueled by Bandwidth Points which Tron users collect daily. The Tron network aims to help content creators earn their fair share of the revenue.

The native token to the platform is TRX. It is responsible for earning “Tron Power” and is used for voting on the Tron network. Users can gain Tron Power by freezing their TRX tokens through staking.

Binance Coin (BNB) to continue driving adoption

The Binance Coin (BNB) has various utilities. A token used to trade crypto, a development protocol to build decentralised applications, a reward token that incentives holding & spending and more. Adoption of BNB is increasing rapidly and the ecosystem has helped cryptocurrency adoption worldwide.

The Binance Chain serves useful functions, such as the creation of new tokens to digitise existing assets, sending and receiving crypto, burning and freezing tokens etc.

Users can also watch the decentralised exchange market to confirm the price and analyse market activity.

Binance Smart Chain is seen as an alternative to the Ethereum network. Users can access new cryptocurrencies when they first launch through exchanges such as PancakeSwap. The Binance Smart change also offers significantly lower trading fees compared to Ethereum, causing many users to migrate from the Ethereum network to BSC.

What’s next for these tokens?

There’s no denying that the fate of Xchange Monster (MXCH) is tightly related to the performance of the crypto market. Both Tron and Binance found ways to maintain a solid status during the bear market. It would be worth looking further into each project and potentially adding them to your portfolio!

This article is for information purposes only and should not be considered trading or investment advice. Nothing herein shall be construed to be financial legal or tax advice. Trading Forex, cryptocurrencies, and CFDs poses a considerable risk of loss

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