The bearish crypto market continues to take its toll on several established cryptocurrencies, with some losing up to 90% of their original values since the commencement of the downturn.
However, in the midst of the uncertainties faced by the market, numerous new blockchain-based companies are venturing into the crypto space with unprecedented success.
Script Network is a typical example of the newcomers that have just started their Alpha+Public round to many investors’ excitement. The purpose of this project is to enable users to earn rewards as they watch the television across mobile, desktop and TV screens worldwide.
Alongside Script Network, stalwarts Stellar (XLM) and Hedera (HBAR) are also riding against the bearish trend in the market, a development which indicates that investors are following the market trends with keen interest. Today we will focus on the newcomer, Script Network, and why this might be a game changer in the content space as we know it. Let’s take a closer look.
Stellar (XLM)
Stellar (XLM) is a peer-to-peer (P2P) decentralized network that has been in existence since 2014 and then formally launched in 2015 by the Stellar Development Foundation or Stellar.org with the aim of linking with global financial systems and providing financial institutions and payment providers with the needed protocol.
The primary reason for the platform is to enable financial resources to be transferred with speed and dependability without much cost. With Stellar, people, payment processors and banks are connected together, allowing users to generate, send and trade numerous kinds of crypto. Stellar uses XLM as its native digital currency. It currently has a market capitalization of $2.9B and occupies the top 10 position on the CoinMarketCap.
Hedera (HBAR)
Hedera (HBAR) is another crypto that is enjoying positive runs in the current volatile market. Hedera is the most frequently used, sustainable, enterprise-grade public network for the decentralized economy that enables persons and businesses to generate formidable decentralized applications (DApps). Hedera has seen a significant increase in its market worth over the years, which has taken its market capitalization to a whopping $2.1B, with the coin standing in the 30th position on the CoinMarketCap table.
One of the reasons for Hedera’s popularity is its use for file storage, smart contracts and regular transactions. Besides these, the protocol is based on a PoS model which makes it highly scalable, secure and efficient. Users can easily stake HBAR to help in maintaining the network’s integrity.
Script Network (SCPT)
Script Network, a watch-to-earn NFT project running on the Ethereum network, it is the most used entertainment platform in web3, has recently come into limelight following the launching of its Alpha+Public round sales. The hype from the crypto market has turned the attention of investors and crypto enthusiasts in the direction of Script TV. The Script Network’s watch-to-earn gamified live tv platform is designed to offer rewards to users as they watch. The network uses two different tokens: $SCPT (for advertising, staking and governance) and $SPAY (for transactions, rewarding and ScriptGLASS upgrades).
Users will gain points, $SPAY and Off chain rewards as they watch tv and interact with the network. Some of the ways of earning points include being active daily, watching TV daily, talking on Live Chat, and referrals. For over 30k+ users of the platform, swapping is made easier for the points or burn them to get $SPAY and mint glasses. Moreover, $SPAY, points and Off chain rewards can be burned to level up glasses, buy Gems, buy loot boxes, or recharge glasses. Each glass is unique in design and attributes and could come with more rewards.
Final thoughts
The entry of Script Network into the crypto space and the success of its public round shows how enthusiastic investors are toward new projects with great prospects. Investors and users are particularly happy with the reward system and other future outlooks of the project. Everyone is watching with keen interest to see how much progress Script is going to make in the long run.
For more information on Script Network:
Visit The Script Network Website
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