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Investing in crypto provides great opportunities for profits. However, a way to take it further is by holding tokens rather than selling them short-term.
Holding or “Hodling” provides more financial safety if the projects you join are well researched and have potential. For this to work, one has to HODL tokens that have long-term potential for a spike in value. Discussed in this article are three cryptos that could be great for investors to buy and hold.
Parody Coin (PARO) is an ecosystem on the BNB Chain that supports trading, minting, and interacting with parodies of popular NFTs on the BNB Chain and other blockchain networks. It is a deflationary BEP20 utility token. There are numerous opportunities to reward members’ participation in the Paroverse.
The Parody Coin (PARO) network is built on the token reflection model. This means that the fees that the users experience a small fee that is distributed in various ways as incentives to hold. Each transaction has a 10% tax on it with 5% going to Parody Coin (PARO) holders, 3% to the liquidity, and 2% to the coin burn wallet where it is permanently destroyed and removed from circulation.
Its Paroflection mechanism will generate earnings in the native PARO token and is an amazing way for members of the platform to make an extra profit just by holding the token. Investors can also make money and strengthen the network’s integrity by staking PARO tokens.
Parody Coin (PARO) is currently in the second phase of its presale and is selling at USD 0.004. There would be a total supply of 240 billion PARO tokens.
Cardano (ADA) is a proof-of-stake blockchain network that was developed
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