The crypto industry is getting bigger by the day with the creation of new projects. RoboApe is one of the latest and most budding crypto projects out there with promising features.
The crypto market has been bearish for many weeks until it turned the green indexes a few days ago and that hasn’t stopped the creation of new tokens. Today, there are over 20, 000 crypto assets listed by CoinMarketCap. It is therefore important to know about the coin/token to invest in when diversifying your portfolio.
In this post, we’ll learn about the RoboApe token and its investment opportunities. For the sake of beginners, let’s know about cryptocurrency and tokens.
What is Cryptocurrency?
Cryptocurrency is a digitally encrypted, decentralized currency that is not linked to or regulated by any government or central bank.
It is based on blockchain technology, which is a distributed ledger framework. Bitcoin is the first cryptocurrency created which has led to the creation of others alike known as altcoins.
Cryptos are categorized as virtual or digital currencies. They were originally developed to provide an alternative mode of payment for online transactions.
However, cryptocurrencies have not yet been generally adopted or legalized by many nations. They are actually too unreliable to be used as payment methods.
What are Tokens?
Tokens are a type of cryptocurrency that represents an asset or specific use and reside on their own blockchain.
They are often used to fundraise for crowd sales, but they can also serve as a substitute for other things. Tokens can be used for investment purposes, to store value, or to make purchases.
These tokens are usually created, distributed, sold, and circulated through the initial coin offering process. This involves a crowdfunding exercise to fund project development.
What is RoboApe Token?
RoboApe is a decentralized meme cryptocurrency based on the Ethereum (ETH)network, similar to Apecoin. Meme coins are types of cryptocurrencies that are designed as an homage to a meme, an interesting or funny idea captured in an image, video, or another form of media. RoboApe as meme crypto that is about to be launched trades by the symbol (RBA).
RoboApe features an NFT marketplace where users may buy, sell, and trade NFTs. The RoboApe (RBA) network promises to provide DeFi, NFTs, DEX, eSports, crypto education, and gaming for its users.
The RBA token presale is on, and it is selling at $0.00009 per token.
Things to Know About RoboApe Token
1. RoboApe is set to be one-of-a-kind due to its exceptional product offering, covering a wide range of services that every demographic would find helpful.
2. It is also a deflationary meme currency that will generate a demand for its use.
3. By eliminating the excess supply, the cryptocurrency’s value will stabilize, and investors will get the most return from this coin.
4. The platform also has the RoboApe Academy, a free educational resource center designed to foster a simple and enjoyable blockchain for its users.
5. RBA serves to facilitate the community and deepen interaction and collaborations between investors and crypto users, offering several different benefits such as facilitating participation in DAO and the governance of the platform, minting and trading NFTs, and rewards for holding tokens.
6. RoboApe’s NFT marketplace charges an RBA gas fee for minting new NFT tokens.
7. Users will be able to make and sell RoboApe trading cards with pictures and GIF memes.
8. Once the NFT is created, it will appear in the creator’s wallet.
What You Need to Know Before Investing in RoboApe Token
1. Do Your Own Research
It is very important that you do your own research on a token or an exchange before investing in crypto. The study of the white paper of any of the tokens you are investing can also be of help when you decide to trade crypto.
2. Build an Investment Strategy
Successful investors devise a plan for their cryptocurrency assets. Some crypto exchanges also allow you to copy the moves of established traders in the crypto market. This will be of help in taking the right step.
3. Pick a Good Crypto Exchange/Platform
A good crypto exchange or peer-to-peer platform is important for your crypto deals. You’ll need an exchange that is trusted and safe for your investment. Whether you are a beginner or not, the platform to use must be easy and fast for your transaction. You need to study the exchange/platform to use before putting your hard-earned money into a high-risk investment.
RoboApe is one of the exciting crypto projects out there. It is more than a mere meme coin as it has a lot of interesting features which is extended to its NFTs.
If you must invest in this token, you need to do your own research and also have in mind that you put what you can afford to lose. Note that this piece is not financial advice but for educational purposes only.