The world of cryptocurrencies is constantly evolving as new assets are introduced. Although some have posted deep losses over the years, there are assets that have outperformed the broader markets.
Binance coin (BNB) and ethereum (ETH) are two major cryptocurrencies whose values have held strong over the years. Their respective platforms have also contributed significantly to the growth of the industry due to their utilities.
Script Network (SCPT) is a decentralized television network and ecosystem that incorporates the features of blockchain and watch-to-earn technology. It has the potential to rival media giants like Netflix, which seeks to improve the television experience for studios, content owners and users globally.
Let’s explore how SCPT can be just as valuable as BNB or ETH.
Script Network: the platform to watch to win
Script Network is a television platform built on the Script blockchain. It owns several on-chain products, including Script Video NFT, Script Television, and other decentralized applications (dapps). They are created for scale within the film and television industries.
The core product is Script Television which presents more than 30 channels with various production content from documentaries, sports and movies. ScriptGLASS is another essential product. It is a collection of tradable and upgradeable non-fungible tokens (NFTs) connected to the platform’s watch-to-earn mechanism. Each ScriptGLASS NFT is unique and equipped with attributes that can be improved and upgraded by the owner. An updated ScriptGLASS improves its owner’s viewing experience, allowing them to earn more rewards.
Script Network users are offered the opportunity to earn on and off-network rewards simply by watching television. These rewards are given out as special watch-to-win tokens known as SPAYs. Script Network also introduces another token, SCPT, the official governance token that allows its holders to participate in decision making.
BNB is fundamental to the Binance ecosystem
BNB is one of the top cryptocurrencies today. It is the main utility token that powers Binance, one of the largest crypto exchanges in the world. Investors are exploring Binance as BNB has been in an uptrend.
Binance has two coin burn mechanisms that permanently remove coins from circulation. In the first mechanism, a part of the tokens spent on transaction fees is burned. The second method is the quarterly burning of the BNB supply. This helps maintain the value of BNB and creates a deflationary effect.
Ethereum is an open source blockchain network based on decentralization principles and smart contract technology. The network is powered by its native cryptocurrency, ETH, which facilitates on-chain transactions.
The platform is the pioneer of the decentralized finance (DeFi) market. DeFi protocols use smart contracts, which are programs designed to automatically execute code necessary to fulfill an agreement between multiple parties. Smart contracts have helped reduce transaction costs, increase the reliability of transactions, and eliminate the need for intermediaries.
Script Network focuses on changing the television experience of users with its decentralized features and technology.
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