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Cryptocurrencies developing alternative use cases for blockchain technology: RoboApe and Filecoin

Updated: August 16th, 2022, 16:42 IST
in Sci-Tech
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The cryptocurrency market has its upsides and disadvantages. Buyers are constantly looking for cryptocurrencies that will lead them in the right direction regarding income and profit.

RoboApe (RBA) and Filecoin (FIL) have provided many excellent opportunities for buyers and users in the cryptocurrency market and have increased value by creating alternative uses for blockchain technology.

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RoboApe (RBA)

Memes are the most current and entertaining way of disseminating information. Social media is filled with them, and RoboApe (RBA) has capitalized on this growing interest to introduce new users to the world of cryptocurrency. RoboApe (RBA) was developed with the future in mind. The constant shift of interest worries some blockchain-based networks but is an opportunity for some.

RoboApe has seen this as an opportunity and has built a fully functional ecosystem around it. It plans to provide users with an academy for learning cryptocurrency, an NFT marketplace for artists/creators, a play-to-earn platform, and an exchange for traders. All in one platform. The RoboApe Network is truly an inclusive ecosystem for all users of cryptocurrencies.

Also, RoboApe (RBA) is entirely decentralized. Running on a DAO, community members get to vote on key decisions that will affect the platform. This ensures that developments favour the members of the community. Not only do users get to interact in the community, but they also get rewarded for it. The RoboApeeSports and Gaming platform offers rewards to users for their time and efforts on the platform.

To participate in the ecosystem, users need to purchase RBA tokens which serve as governance tokens and can be used for digital asset exchange. In addition, the token is deflationary, meaning it has a limited supply cap. This is to ensure scarcity and increase the value of the cryptocurrency.

Filecoin (FIL)

Although Blockchain technology was initially created to develop decentralized finance, cryptocurrency platform developers have sought other ways to utilize the blockchain. Filecoin (FIL) has been successful in that regard.

Filecoin (FIL) currently serves as a decentralized platform for storing and sharing data. Filecoin removes the need for a singular data storing entity. Instead, users can offer storage space to those who wish to store their data and get paid for it. One major problem this solves is the protection of user data. On centralized platforms, there have been cases where data stored on these platforms are sold and even spread to the public. Filecoin enables users to resist censorship by making sure that all data on the network is encrypted.

Filecoin (FIL) is built on a separate but similar protocol known as Interplanetary File System.

The system uses miners, and there are two types—storage and retrieval Miners.

Storage miners serve as the primary providers of storage, while retrieval miners access data for the sake of those close to them.

Users of the Filecoin network use FIL to make payments and for rewards. The tokens are available on most exchange platforms and can be traded for other cryptocurrencies.

RoboApe (RBA) and Filecoin (FIL) are two cryptocurrencies buyers would not want to miss out on. These cryptocurrencies are not just solving one problem but several. This ensures that there is hardly a lack of users on their respective platforms.

To find out more information about RoboApe (RBA):

RoboApe (RBA)

Presale: https://ape.roboapetoken.io/register

Website: https://roboapetoken.io/

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