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Can Immunicorn Disrupt a Market Dominated by Ether and BNB?

Can Immunicorn Disrupt a Market Dominated by Ether and BNB?

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There are more than 1000 cryptocurrencies on the crypto market today. However, out of this large number, only about 10% dominate the market and are more popular than the rest. The dominant ones are Ethereum (ETH), Bitcoin (BTC), Tether (USDT), (XRP), USD Coin (USDC), Binance Coin (BNB) and Cardona (ADA).

These dominants have always been considered more critical and highly valuable; therefore, they are often at the forefront of cryptocurrency discussions. Of course, this has its pros and cons.

One is that beginners who want to get into cryptocurrencies often hear more about dominant currencies and are usually scared away from cryptocurrencies when they can’t afford them, not knowing about other coins.

One of the other “non-dominant” tokens is a new token that is ready to be released to the crypto market soon – IMU. Immunicorn Finance’s IMU is a token created to enable investors and beginners in the crypto world, with any investment capital, to easily borrow assets and ensure that they are returned properly and easily.

One great question would be why do we keep having new tokens when there are already several hundred on the market. Why? Since the financial world is large, there are several problems associated with online trading. There is also a need to make transactions better and more secure, and thus the need for immunicorn.

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Immunocore’s goal is to facilitate the existence of a policy-driven system that enables high-level management of the IMU token by a DAO (Decentralized Autonomous Organization). Simply put, the DAO is managed by community members instead of a central government. In this organization, decisions are made from the bottom up and governed by certain rules followed by the blockchain.

Ethereum (ETH)

Ethereum is one of the platforms currently dominating the crypto space. Smart contracts and decentralized applications (dApps) are easy to build without disruption. It has the Ether token, which was released in 2015 and closely follows Bitcoin as a capital coin. Today it is used as a means of payment in different parts of the world.

Although it is a close companion to Bitcoin, it has competition as the second most popular digital token by market capitalization and the second largest cryptocurrency. Unlike Bitcoin, which was created as an alternative to national currencies as a medium of exchange, ETH is designed to facilitate immutable, programmatic contracts and applications through its own currency.

Anyone can use the Ethereum platform to create digital technology as it is designed to be secure, decentralized and programmable. Its features include a proof-of-stake protocol and a wallet that allows users to store Ether with private keys. While some coins limit the number of coins that can enter circulation, the amount of ETH that can be generated is unlimited.

Some of its advantages are that it is accessible to everyone, does not require a lot of detail to run transactions, and helps with peer-to-peer networking and events.

However, participants in Ethereum-related transactions have to pay high transaction fees (gas fees).

Binance Coin (BNB)

Binance Coin is another popular and dominant cryptocurrency. It follows right behind Ethereum as a capital coin. It serves as a means of payment for payments related to the execution of Binance Exchange transactions and is the native coin of the Binance blockchain.

At its inception, BNB was first hosted by the Ethereum network; However, it was soon transferred to the Binance blockchain – the Binance chain.

One of the fundamental reasons for the creation of BNB was to act as a utility for discounting commissions; however, it is used much more today. BNB can be used to make payments on different platforms in different industries or sectors (entertainment, travel and tours, online services and finance). It can also be used to invest through certain regulated ICOs via Binance’s Launchpad.

Its usage extends to other tokens as it can be used to purchase new tokens; For this reason, it has received a lot of support across the continent for different usage options. It makes this possible by collaborating with other platforms worldwide.

Some of the disadvantages of Binance Coin are that it is centralized and has often been one of the primary targets of cyber attacks.

Immunicorn Finance (IMU)

Now to Immunicorn Finance. Immunicorn was derived from two words “immune” and “unicorn”. These two words were chosen based on their meanings: immune – to resist or be protected, and unicorn – magical and rare. Therefore, from the name, the immunicorn is an indication that the immunicorn brings a new order and is nothing like what has been created before.

Immunicorn is a decentralized reserve currency built on the BNB network for the BNB chain.

How well does Immunicorn stack up against Ethereum (ETH) and Binance Coin (BNB)?

As mentioned earlier, immunicorn tries to facilitate the existence of a policy-driven system that allows the IMU token to manage the high-level DAO. In this way, it hopes to bring a new dynamic to the blockchain market from well-thought-out economic and game theories using staking and staking.

Like most DAO-backed tokens, the price of immunicorn is backed by a reservation. Therefore, giving assurance and protection to the holder that the value of the token will not fall too low gives experienced and novice investors alike.

In addition, since Immunicorn is built on the BNB smart chain, it also gets some advantages that can boast of its potential. The BNB smart chain has been performing well for years and has provided the core infrastructure needed for public acceptance. No less can be expected from Immunicorn, which utilizes the chain. It can also take advantage of the BNB chain, which is almost identical to ETH, employing transactions.

It also has the benefit of safety. BNB not only has smart contract programmability, but is also built on Solidity, a programming language known for maximum security.

Choosing the BNB chain also gives Immunicorn users and community members access to high-speed transactions that execute large transactions from anywhere without failures and at lower transaction costs with reduced transaction fees.

There is also expected to be a total of around 50,000,000,000 of the Immunicorn token, IMU, which would be distributed in varying percentages in the pre-sale as a community fund for marketing, IDO, reserve capital and philanthropy. In this way, it is easy for those who are interested to make purchases already in advance sales.

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The community manages the platform and allows access to various utilities such as betting, kicking and lending with immunicorn.

Finally, considering the large number of DeFi protocols in the market, Immunicorn is expected to do well, creating a safe and sustainable platform for investors. Since financial management rests with the community, things are only likely to improve with a well-planned, innovative approach in the future.

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