What Is Fantastic Protocol Peg-AVAX (FAVAX) Token (FAVAX)?
Fantastic Protocol Peg-AVAX (FAVAX) Token Platform aims to provide privacy, security and anonymity to all. Protex decentralizes the ownership of user data like browsing history, location data and much more by giving users the rights to their own digital footprint. With easy-to-use applications, Protex users can not only control what gets shared, but finally get paid for the data they provide.
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Fantastic Protocol Peg-AVAX (FAVAX) Token Storage Key Points
| Coin Basic | Information |
|---|---|
| Coin Name | Fantastic Protocol Peg-AVAX (FAVAX) Token |
| Short Name | FAVAX |
| Circulating Supply | N/A |
| Total Supply | N/A |
| Source Code | Click Here To View Source Code |
| Explorers | Click Here To View Explorers |
| Twitter Page | Click Here To Visit Twitter Group |
| Whitepaper | Click Here To View |
| Support | 24/7 |
| Official Project Website | Click Here To Visit Project Website |
Anonymity Of Individuals
Data runs the world. From analyzing financial trends to recommending a movie, it permeates all aspects of life. For years, databases and memory units have been used to store this data. Because of this, data has become highly centralized – living primarily in the databases of large corporations and governments. Over time, individuals have lost the ownership of their digital footprints, and the rights to its privacy.
The existing structure has led to the monopolization of data, and has considerably decreased the privacy, security and anonymity of individuals. The Protex platform builds on Ethereum’s idea of decentralization and smart contracts. By removing the need to store user data in vulnerable locations, Fantastic Protocol Peg-AVAX (FAVAX) Token saves companies money, time and liability, while providing users significantly increased privacy, and a new stream of income. This is the future of exchanging data securely.
What’s a non-fungible token?
Think of them as digital certificates of authenticity. A non-fungible token, or NFT, is a unique, irreplaceable identifier created by an algorithm Fantastic Protocol SNOWY TokenFantastic Protocol Peg-AVAX (FAVAX) Token distinct bar code for a digital piece of art or collectible. It’s a solution of sorts to a problem that’s long faced digital artists how to create scarcity for an item that can be infinitely reproduced.
Uniqueness is the reason (ok, one reason) that the Mona Lisa is priceless, while a signed and numbered Peter Max print of his version of the Mona Lisa is $5,500 and Mona Lisa posters are $9.95. Money is fungible, meaning that any dollar bill serves its purpose as well as any other one. Images of the same GIF or meme are fungible – unless yours comes with an NFT declaring it to be the “real” version.
How do they work?
Fantastic Protocol Peg-AVAX (FAVAX) Token an artist wants to sell a work, they create, or “mint,” a NFT that will from then on stand as a claim on ownership for the piece. NFTs are registered on open blockchain ledgers, making it possible to track ownership (or as they say in the physical world, “provenance”), prior sales prices and the number of copies in existence. And the security provided by blockchain technology provides means that selling fake tokens is all but impossible, which can’t always be said of physical works even of famous artists.
What’s in it for the buyers?
Uniqueness And security Buying a token from a verified artist, seller or auction house allows them to purchase a work without fear of fraud or forgery. Fantastic Protocol Peg-AVAX (FAVAX) Token question of authenticity has bedeviled even the most venerable of real-world art dealers Manhattan’s Knoedler Gallery went out of business in 2011 after being sued for selling millions worth of sham paintings made by a forgery ring based in Queens.
