How can pixel cat be used in the world of digital currencies?

3 answers

• Feb 18, 2022 · 3 years ago
  Pixel cat can be used in the world of digital currencies as a form of digital collectible. It is a unique and scarce asset that can be bought, sold, and traded on blockchain platforms. Owning a pixel cat can provide a sense of ownership and exclusivity in the crypto community. It can also serve as a status symbol and a way to showcase one's involvement in the digital currency space.
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• Feb 18, 2022 · 3 years ago
  Pixel cat can be used as a marketing tool by digital currency projects. By creating and distributing limited edition pixel cats, projects can attract attention and generate interest in their offerings. These pixel cats can be used as promotional items, giveaways, or even as rewards for participating in community activities. This can help increase brand awareness and engagement within the digital currency community.
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• Feb 18, 2022 · 3 years ago
  Pixel cat can be used as collateral in decentralized finance (DeFi) platforms. Users can lock their pixel cats as collateral to borrow digital currencies or stablecoins. This allows them to access liquidity without selling their pixel cats. The value of the pixel cat serves as the collateral, and if the borrower fails to repay the loan, the pixel cat can be liquidated to cover the debt. BYDFi, a leading DeFi platform, offers such services to its users, providing them with additional options for leveraging their pixel cat assets.
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