Parody Coin (PARO), Cardano (ADA), and Flow (FLOW) Are 3 Coins To Put On Your Watchlist

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Parody Coin (PARO) is a new deflationary BEP20 token built on the Binance Smart Chain (BSC), with plans to reward users’ participation in its interactive Paroverse. The platform has devised various avenues for users to earn passive income some of which include; Parody Market, Staking on BNB Chain, and Earning from the Paroflection system.

The Parody Market is a decentralised application (DApp) on the BNB with a user-friendly interface that allows users to mint parodies of popular NFTs on Ethereum, BNB Chain, and other blockchain networks. People can also display their parody NFT for sale or make a purchase from by another seller on the network. Through a robust bridge, owners of the original NFTs can claim ownership of the parody NFTs by burning or locking up the original NFTs. If this happens, it becomes possible for parody NFTs to replace original NFTs on the marketplace.

The Parody Coin (PARO) ecosystem is built on the token reflection model which means that the fees that are charged on transactions are redistributed to various branches. On each transaction on the platform, there is a tax of 10% which is then shared as thus; 5% to token holders, 3% to the liquidity pool, and 2% to the coin burn wallet to be burned and completely removed from circulation. The platform also has a staking component that lets users earn a piece of reward from the foundational BNB Chain network. The protocol leverages a bridge to convert some of the tokens into BEP20 tokens that can participate in the network consensus mechanisms. The reward from this is shared among token holders with a smart contract. This means that investors don’t earn