The Billion Dollar Success of Olympus DAO (OHM) and ApeCoin (APE) will Acrana (ACR) Follow?
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Acrana (ACR) is a new cryptocurrency that is available for pre-sale. It is a protocol for decentralised finance (DeFi) with the primary goal of establishing a reserve currency. One may argue that its primary feature, a staking mechanism with an annual percentage yield (APY) generated by new token mints, is unsustainable. DAO investors would claim that the bulk of contemporary economic life is also unsustainable to the point of fraudulence, due to state actor expenditure exceeding revenue and constant inflation. Both sides believe the other is naive, and they find each other's reprimands amusing. Even the most jaded critic must admit that the ACR is unique.
Acrana has devised a new kind of finance, given that money is a socially shared delusion that supports economic transactions. These outlandish ideas may be worth more than $3 billion if compared to the success of Olympus DAO. Acrana's DAO attempts to achieve this goal by using technological lessons acquired from hundreds of past failed efforts.
Decentralised organisation APE DAO released ApeCoin last week as a currency for culture, gaming and commerce to expand up Web 3.0 operations. Similarly, to the upcoming release of Acrana. This new initiative and which has seen recent success, ApeCoin (APE), has remained one the most traded cryptocurrencies recently. At the time of writing, according to statistics from cryptocurrency data site WhaleStats, ApeCoin ranked among the top ten in the most acquired tokens and among the most utilised smart contracts by Ethereum whales. But what are algorithms, DAO’s and commerce in DeFi?
Algorithm-based stablecoins are a kind of
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