Cryptocurrencies were introduced because of a desire to innovate, transform the financial sector and bring power back into the hands of the people. The innovation within Decentralized Finance (DeFi) has continued in the years since with cryptocurrencies like Litecoin (LTC) and Polygon (MATIC) being created to fill gaps and improve the industry. Another cryptocurrency wants to join these big names with a unique idea that might bring a lot of success. Feed3 (FD3) is a new cryptocurrency that wants to improve the web 3.0 decentralized apps (dApps) and games by providing a never before seen feedback mechanism that allows users to earn and provides developers with proper feedback.
Polygon (MATIC): the Perfect Scaling Solution
Intending to resolve the key issues that plagued the Ethereum blockchain while retaining its security, Anurag Arjun, Sandeep Nailwal and Jaynti Kanani created the Matic Network in 2017. It was rebranded as the Polygon Network in early 2021. Polygon serves as a sidechain to the Ethereum blockchain. It helps reduce congestion on the Ethereum blockchain by transferring some of its transactions to other polygon sidechains. After processing multiple transactions, all these transactions will be bundled together and written to the Ethereum blockchain at once. Transactions on the Polygon network are performed using Polygon (MATIC) tokens and through a process called bridging, users can convert their Ethereum (ETH) tokens to Polygon (MATIC) tokens for use on the Polygon network.
Ways to Buy Polygon (MATIC) Tokens
On Decentralized Exchanges (DEX), interested users can exchange their cryptocurrencies for Polygon (MATIC) tokens. Additionally, Polygon (MATIC) tokens can be purchased with fiat currencies on Centralized Exchanges (CEX). Another way to get Polygon (MATIC) tokens is by bridging Ethereum (ETH) tokens.
Litecoin (LTC): The Original Altcoin
A fork in the Bitcoin blockchain led to the creation of Litecoin (LTC), a Decentralized Finance (DeFi) cryptocurrency, in 2011 by Charlie Lee, a former Google engineer. It was designed to address issues that existed on the Bitcoin blockchain and be a lighter and cheaper alternative to Bitcoin (BTC). Thanks to Scrypt (pronounced es-crypt) which is Litecoin’s hashing function, transactions using Litecoin (LTC) take 25% of the time when compared to Bitcoin (BTC) and they are significantly cheaper. Both blockchains use the proof-of-work consensus algorithm but compared to Bitcoin’s SHA-256 hashing function, Scrypt is lighter, requires less processing power, and is generally more efficient.
How to Buy Litecoin (LTC)
Litecoin (LTC) has a broad range of applications and uses thanks to its popularity and stability. It is available on most of the popular CEXs for purchase using fiat currency. Users can also swap their cryptocurrencies for Litecoin (LTC) on most DEXs.
Feed3 (FD3): Bringing More Innovation to GameFi
Feedback is an invaluable source of data that can give developers focus and direction but a lot of developers struggle to improve their games and apps in ways that will appeal to their audience because of a lack of feedback from the audience. Feedback usually only comes when something really bad happens and the developers are already losing members of their community. With the new Feed3 feedback system, this problem will become a thing of the past. Feed3 is the first ever web 3.0 audio feedback tool. With Feed3, users can record and submit feedback while playing their blockchain-based games or using decentralized applications (dApps).
As an incentive, users who provide feedback will receive Feed3 (FD3) tokens which are the native cryptocurrencies of Feed3. This feedback-to-earn (FB2E) model can provide users with a second income channel. With this, the developers will receive lots of authentic and useful feedback. Everybody wins with the Feed3 system. But, how will this system work?
How Does Feed3 (FD3) Work?
With the Feed3 feedback system, users can provide immediate feedback on any blockchain game or app. All the developers have to do is incorporate Feed3 technology into their UI/UX design. As an example, after completing a play session in a blockchain-based game, users will have the option to share their feedback with the developers through the Feed3 system. Players can then record their feedback in plain English and earn their Feed3 (FD3) tokens after submitting their feedback.
The developers can then use this feedback to improve aspects that players want instead of just swinging blindly and hoping for the best. Targeted updates like this can help improve overall player retention, enhance player satisfaction and improve the gameplay experience. Feed3 (FD3) token rewards are given according to the quality and length of feedback provided. To collect and organize feedback and allocate Feed3 (FD3) token rewards appropriately, Feed3 uses a deep neural network algorithm called “Freeda”.
Freeda: the Future of Feedback Collection
Freeda is a proprietary deep neural network algorithm used by Feed3 to process audio, consider different factors, and determine the amount of Feed3 (FD3) tokens to be given to each player. These factors include the length of the recording, its accuracy/precision, the emotions expressed, and the authenticity/sincerity of the recording. Users who record clear and detailed feedback with useful information will end up receiving more Feed3 (FD3) tokens. This will motivate users to provide useful information to the developers so improvements can be made.
The technology behind Freeda is similar to that used to check for authenticity and sincerity by banks and insurance companies. Freeda also measures intonation, speaking pace, and voice emphasis. Freeda also employs Natural Language Processing (NLP) technology and with it, it can process and classify audio with lightning-fast speed, identify multiple opinions with its onset detection algorithm, perform exceptional noise cancellation and prevent exploitation by scripts. To power Freeda, the team behind Feed3 (FD3) has designed an NFT collection known as intelligent NFTs (NFT).
What is an Intelligent NFT (iNFT)?
The iNFTs are a collection of 10,000 NFTs. These will be ERC-721 tokens on the Ethereum blockchain and these NFTs will be combined with the pre-trained AI language model engines that power Freeda. The iNFTs will process the audio feedback on the Feed3 system using those engines and provide users with their Feed3 (FD3) token rewards. In essence, they will be intelligent assets infused with the AI personality traits of Freeda.
The iNFTs are made up of three parts. These are:
The body, which is the ERC-721 token that represents the iNFT with an image or avatar.
The soul, which is the iNFTs intelligence level.
The mind represents the ability of the iNFT to perform tasks. This increases as the soul levels up and with each new level, higher-order tasks can be performed. The price of iNFTs will range from $2,000 to $30,000 and those with higher intelligence levels (soul and body) will be more expensive but users will be able to generate more Feed3 (FD3) tokens with them. Users can also mint their iNFTs, build them up to higher levels and sell them in the secondary marketplace to get rewards.
How Will Feed3 (FD3) Tokens be Distributed?
Feed3 is built on the Ethereum blockchain and the Feed3 (FD3) tokens are ERC-20 tokens. They have a maximum supply of 1 billion tokens and they will be distributed as follows:
- 10% will be sold in a private sale.
- 5% will be sold in a public presale.
- 5% will go to the team and advisors.
- 5% will go to marketing.
- 15% will go to the liquidity pool.
- 10% will be kept for operations.
- 20% will serve as reserve capital.
- 25% will be used for ecosystem development.
- 5% will be used to develop strategic partnerships.
What is the Roadmap for Feed3 (FD3)?
The roadmap for Feed3 (FD3) is split into five phases.
Phase 1: in the first phase, the website will be launched and the whitepaper will be released to the public. The Feed3 team will also acquire annotated audio data and begin building Freeda.
Phase 2: here, the private sale of Feed3 (FD3) tokens will begin and so will the development of the feedback-to-earn (FB2E) model. In this stage, the blockchain partner will be selected and Feed3 (FD3) will be listed on CoinGecko and CoinMarketCap.
Phase 3: this phase is where the public presale will start. A beta version and product demo of the FB2E system will be launched and the first batch of iNFTs will be produced. This stage will also involve collaboration with influencers for marketing.
Phase 4: the development of the Feed3 dApp will begin and play-to-earn partnerships will be initiated. At this stage, Freeda will be completed and the Feed3 (FD3) token will be listed on Centralized Exchanges (CEXs).
Phase 5: this is the final phase and here, metaverse partnerships will be initiated, the Feed3 dApp will be completed, the Bug Bounty Initiative will be launched and Feed3 (FD3) will expand to other blockchain networks.
Feed3 (FD3) is a one-of-a-kind cryptocurrency and as it has been since the inception of cryptocurrencies, innovation usually leads to success. Feed3 (FD3) might provide users with profits that have not been seen in the industry yet with its innovative iNFTs and feedback systems.