The Binance Smart Chain is a crypto blockchain created to rival the Ethereum blockchain. As an Ethereum blockchain killer, its developers have significantly improved its functionalities. These improvements make it one of the fastest cryptocurrency blockchains in the coin market.
Like Ethereum, the Binance Smart Chain network is smart contract compatible. This next-generation cryptocurrency blockchain allows crypto innovators to build and run their crypto projects on the BSC network.
Revolutux (RVLT) and Chiliz (CHZ) are two leading cryptocurrencies utilizing the features of the Binance Smart Chain network to offer Web 3.0 utilities to their users.
This article will discuss the features of these two BSC-based cryptocurrencies and another Ethereum Blockchain Killer, Avalanche (AVAX). First, we will highlight the features of the Avalanche (AVAX) cryptocurrency.
Avalanche (AVAX) cryptocurrency
The Avalanche (AVAX) blockchain started operating in 2020 as a competitor to Ethereum (ETH). The Avalanche (AVAX) blockchain uses interoperable blockchains, making it more flexible in the race for the best cryptocurrency blockchain networks.
The AVAX token is the primary currency that fuels the Avalanche (AVAX) blockchain. It allows the Avalanche (AVAX) blockchain to host multiple cryptocurrencies by being the primary currency for fees within the ecosystem.
Avalanche (AVAX)’s unique multi-chain ecosystem consists of three blockchains that carry out distinctive operations to facilitate its smooth functioning. These blockchains include the X-Chain, the C-Chain, and the P-Chain. Each of these blockchains has unique functionalities:
- The X-Chain: this is the primary blockchain on which cryptocurrencies are built and utilized. It is rightly called the exchange chain;
- The C-Chain: this is the contract blockchain. It hosts Avalanche (AVAX) smart contract compatibility. Smart contracts make the Avalanche blockchain compatible with the Ethereum Virtual Machine compatible, thus facilitating its interoperability;
- The P-Chain: this is where all transaction validators receive coordination for validating and recording transactions. It is called the “platform blockchain.” The P-Chain also facilitates the creation of subnets to support other crypto projects.
Features of the Revolutux (RVLT) and Chiliz (CHZ) cryptocurrency
Chiliz (CHZ) is a cryptocurrency introduced into the crypto space in October 2018. It is the primary cryptocurrency of the socio.com platform. Socio.com is a blockchain-based platform that hosts several fan tokens.
It allows users to purchase fan tokens for their favorite sports teams worldwide. Buying and holding these fan tokens also means that they can support the team’s operations.
Token holders can take part in deciding changes within the sports team. The fan token also makes holders eligible to vote on decisions, earning rewards and recognition for their participation.
Chiliz (CHZ) is a multi-chain cryptocurrency. It is available as an ERC-20 and BEP-2 cryptocurrency. Thus, it is usable seamlessly on the Ethereum and Binance networks.
Revolutux (RVLT) is another Binance Smart Chain network-based cryptocurrency. It gives its users the ability to influence the operations of its ecosystem through a decentralized autonomous organization (DAO). This DAO comprises users who purchase and hold the Revolutux (RVLT) crypto asset.
Like the Chiliz (CHZ) cryptocurrency, the Revolutux (RVLT) cryptocurrency has several reward opportunities for its holders. All Revolutux holders will receive reflection rewards from the Revolutux (RVLT) ecosystem.
50% of all transaction fees charged within the Revolutux (RVLT) ecosystem will be distributed to all wallets holding the RVLT cryptocurrency. Thus, Revolutux (RVLT) holders can grow their wealth passively.
Additional Features of the Revolutux (RVLT) ecosystem
Like Avalanche (AVAX) and Chiliz (CHZ), the Revolutux (RVLT) ecosystem has its own primary cryptocurrency. This cryptocurrency has RVLT as its ticker symbol. The Revolutux (RVLT) cryptocurrency is currently in its presale stage. This presale provides ample opportunity for crypto enthusiasts to get on board and benefit from this next-generation crypto project.
The Revolutux token presale has additional benefits for participants. Purchasing the Revolutux (RVLT) token with an Ethereum token attracts a 5% bonus on purchases in the form of Revolutux (RVLT) tokens. Purchasing the presale during the ongoing stage 1 rewards participants with an additional 7% bonus.
Furthermore, inviting other individuals to participate in the Revolutux (RVLT) presale rewards both parties with $50 when the referred individual makes a $200 purchase.
As a result of its functionalities, rewards systems, and ongoing presale, Revolutux is likely to become the best cryptocurrency to own in 2022. Stage 1 of the presale will run until Wednesday, October 3, 2022. Prepare and participate in the presale to reap its rewards.
*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.