HI!
Today I will write about a token that is a joke, do you know which one I mean?
DOGE?
No, today I will tell you about my experience with BANANO!
As you know, I consider myself a tireless hunter of free tokens! and in this way I have come across a very interesting project, let's see!
BANANO was born as a fork of its parent chain "NANO", in relation to the object of the project, it is quite clear according to its official website https://banano.cc/, it is a cryptocurrency rich in potassium, this concept revolutionizes the idea of the materiality of cryptos!
To the enormous amount of potassium that this project offers, we must also consider that it uses "DAG" technology, with the purpose of inserting itself in the meme economy".
I quote description of the project from the official website "Banano is a feeless, instant, rich in potassium cryptocurrency powered by DAG technology disrupting the meme economy."
As the meager description of the idea, aroused my curiosity, I decided to check the "FAQ" of the official website, hoping to deepen details of the token and there I found the following explanation "what is Banano? Banano is a 4th generation fungible & edible cryptocurrency with a cool yellow logo and particles.js background. Our team is top-notch and the project advisors are by a moonshot best in the business.
Definitely my scan alarm, it just screamed get the hell out of here!
But there was something that caught my attention, which is the huge number of people who follow this project, so I continued researching and I can tell you this:
The project is really very interesting, it highlights the active role that the community has in the formation and life of the cryptocurrency, basically through social platforms, such as discord, twitter, telegram and reddit.
So it is really very simple to earn the free token (BAN), through faucet, airdrops, games, social networks, which adds to the fact that transactions are instant, free of charge and with fungible tokens.
Consequently, if you like free cryptocurrencies, this is the ideal place to start.
Current market: As I said before the really positive thing is that it is easy, get BAN for free, the bad thing is that it is worth less than the currency of my country and that's a lot to say hahaha.
If we analyze BAN, from its beginnings we see that it was not really worth much, but with the DOGE revolution, also exploded this type of cryptocurrency, type "meme", reaching values close to USD 0.05 during May 2021, also what stands out is its high volatility, which can be confirmed by observing the high variations in its value during the last month ... in conclusion I would not put my savings in this cryptocurrency ...
Even so, I think it is a project with a very attractive proposal, for people who are not very familiar with cryptocurrencies, facilitating the entry into this world, through social networks and earning BAN in a relatively easy way, it is a very attractive recipe to advertise projects just started.
Another thing to keep in mind is that they use "DAG" technology, which is potentially an alternative to Blockchain.
In conclusion, BANANO offers an interesting proposition to consider, so I will probably keep some BANs, just in case these bananas turn gold ....
Hope you like my post!
See you next time.
DISCLAIMER
I am not an expert. I'm just getting started in this. I don't give investment advice (nor do I pretend to). I only explain in this blog my personal experience in the world of cryptocurrencies from a practical point of view and oriented to anyone can learn without prior investment and without spending a penny.
If, at your own risk, you decide to invest in any of the products mentioned here, do it always after having studied and researched it well and consulting other sources with other points of view. Do not invest money you may need. Investment in crypto-assets is not regulated, it may not be suitable for retail investors and you may lose the entire amount invested.
