VOXEL Coin Complete Guide: Metaverse Investing Made Easy for Beginners
Introducing VOXEL Coin
VOXEL Coin is a blockchain-based cryptocurrency, a digital asset primarily used in games and metaverse platforms. This coin helps users trade and own assets in the virtual world.
The most notable feature of the VOXEL coin is that it connects the in-game economy to the real-world economy. As items and achievements earned in the game gain real-world value, it's becoming a key element of the ""Play-to-Earn"" model.
History of the VOXEL Coin
The VOXEL coin was first launched in 2021. At the time, the popularity of the metaverse and NFTs (Non-Fungible Tokens) skyrocketed, leading to the VOXEL coin gaining attention. It has garnered even more attention, particularly with the increased interest in the digital world due to COVID-19.
Early 2021
Launched alongside the metaverse boom, it garnered significant attention from game developers and users.
Expansion in 2022
It has shown steady growth by expanding its ecosystem through partnerships with various platforms.
Present
Continuous Technology Through development and community expansion, it has evolved into a key pillar of the metaverse economy.
Through this growth process, VOXEL has gained recognition as a utility token with practicality, rather than a mere speculative asset.
How VOXEL Coins Work
VOXEL coins operate on the Ethereum blockchain. By leveraging Ethereum's smart contract functionality, users can conduct various transactions using VOXEL coins.
For example, users can purchase in-game items or exchange assets with other users. This system ensures secure and transparent transactions with VOXEL coins. Furthermore, because it operates with a decentralized structure, it is not subject to the control of any specific organization or individual.
Technically, it follows the ERC-20 standard, making it compatible with various dApps in the Ethereum ecosystem. This is a key feature that allows users to access a wider range of services.
Where to Use VOXEL Coins
VOXEL coins are primarily used in games and metaverse platforms, but they can also be utilized in a variety of other areas.
In-Game Transactions
They are used in various game economic activities, such as purchasing items, upgrading characters, and trading in-game real estate.
NFT Transactions
They are used as a means of payment when trading NFTs, such as digital art, collectibles, and game items.
Metaverse Economy
It's used in virtual real estate transactions, virtual event participation, and metaverse services.
Recently, it's expanding into various fields such as education, entertainment, and social media. For example, it's used to pay for tuition or performance rewards on online education platforms, or as admission fees for virtual concerts and exhibitions.
Thanks to these diverse uses, VOXEL coins are becoming increasingly well-known and are becoming established as a useful digital currency in real life.
Exchanges Where VOXEL Coins Can Be Traded
VOXEL coins can be traded on various exchanges. Each exchange has its own unique features, pros, and cons, so it's important to choose the right one for you.
Binance
Binance is the world's largest exchange, offering high liquidity and a variety of trading options. It also supports Korean, making it easy for beginners to use.
KuCoin
It supports a variety of altcoins, offers relatively low fees, and a user-friendly interface.
Uniswap
It's a decentralized exchange (DEX), allowing you to trade directly without intermediaries. It's popular with users who want a high degree of autonomy.
When choosing an exchange, consider the following factors:
- Fees: Compare trading fees and deposit/withdrawal fees.
- Security: Check for security features like two-factor authentication and cold wallet storage.
- Usability: Ensure the interface is intuitive and easy to use.
- Customer Service: Ensure prompt support is available in case of issues.
VOXEL Coin Community
VOXEL Coin has an active global community. These communities play a vital role in the coin's development and user interaction.
Discord
You can instantly communicate with other users through real-time chat. You can also communicate directly with the development team.
Telegram
We have a channel where you can quickly receive official announcements and the latest news.
You can read in-depth discussions and analysis. There's a lot of useful information, including investment strategies and technical analysis.
Joining the community offers the following benefits:
- You'll be the first to receive the latest developments and updates
- You'll be able to share the experiences and know-how of other investors
- You'll gain diverse perspectives on market trends
- You'll be able to get help from the community if you encounter any issues
When participating in the community, it's important to always be polite, be wary of misinformation, and respect diverse opinions.
VOXEL Coin Wallet
You need a suitable wallet to keep your VOXEL coins safe. Since VOXEL coins are based on Ethereum, you can use any wallet that supports Ethereum.
MetaMask
This is the most popular web-based wallet, and can be easily installed as a browser extension. It's also convenient for using DeFi services.
Trust Wallet
This mobile-optimized wallet boasts an intuitive interface and diverse coin support.
Ledger
As a hardware wallet, it's stored offline, making it virtually hack-proof. Recommended for bulk storage.
Considerations when choosing a wallet:
- Security: Check the private key management method and security features.
- Convenience: Choose a convenient approach based on your frequency of use.
- Compatibility: Check for integration with frequently used services.
- Cost: Consider the initial purchase cost for hardware wallets.
Things to keep in mind when investing in VOXEL Coin
⚠️ Please read before investing!
1. Thorough research is essential
The cryptocurrency market is highly volatile, so thorough research and education are essential before investing. It's important to deeply understand the project by reading its whitepaper, researching the development team's background, and reviewing its roadmap.
2. Invest within your means
Only invest money you can afford to lose. Never invest with living expenses, emergency funds, or borrowed money. Generally, we recommend investing no more than 5-10% of your total assets.
3. Utilize diverse sources
Don't rely solely on information from a single source. Gather and verify information from multiple sources. Comprehensively refer to official channels, communities, news, and analysis reports.
4. Avoid emotional investing
Avoid FOMO (Fear of Missing Out) and panic selling, and stick to your pre-established investment plan. It's important not to be swayed by short-term market fluctuations.
Additional tips for successful investing:
- Portfolio Diversification: Don't bet on one stock; diversify your investments across multiple assets.
- Long-term Perspective: Focus on long-term growth potential rather than short-term profits.
- Regular Monitoring: Regularly review market conditions and project progress.
- Tax Considerations: Be aware of the taxes associated with cryptocurrency transactions.
We've taken a closer look at VOXEL Coin. Along with the growth of the metaverse and the gaming economy, VOXEL Coin continues to evolve. If you're considering investing, we encourage you to make a wise decision through thorough research and careful judgment.
We hope you've gained a deeper understanding of cryptocurrency. If you're curious about future news related to VOXEL Coin, please continue to search for information! We wish you successful investing! 😊