Published 8 months ago • 4 minute read

CryptoHeroes Review

Since 2020, investments in blockchain-powered asset classes are gaining momentum. After the bitcoin halving last year, the cryptocurrency has shot upwards crossing the USD 50,000 mark in mid-February. This exponential wealth creation was one of the factors that attracted prospective investors in the digital assets’ domain.

With the influx of newbie investors in the community, veteran crypto enthusiasts are forging new pathways. Shifting from the controversial Bitcoins and decentralized finance, the realm of the digital asset is now moving into the new paradigm of Non-Fungible Tokens (also known by their acronym: NFTs).

Dedicated market places operating on open-sourced blockchain networks, that encourage NFT investments are emerging. CryptoHeroes is one such platform that assimilates NFT investing with cool superhero collectables.

If you are looking for a Cryptoheroes review, you are in the right place. Here’s a list of reasons why you should consider this platform as one of your preferred choice of NFT marketplaces.

The Basics of NFTs

NFT, the acronym for “Non-Fungible tokens” is a term used for something fungible or irreplaceable. Each unit of an NFT is heterogeneous and cannot be substituted by another unit from the same lot, unlike fungible tokens. For instance, one kilo of 24 karat gold is – at least in theory – replaceable with any other kilo of 24 karat gold. This substitution will have no impact on its valuation or pricing.

When something is non-fungible, it means that it is unique, and not replaceable with any other item out there. Although NFTs are conceptually similar to cryptocurrencies, these digital assets might represent antiques & artworks, collectables like trading cards, and other items with unique features.

These tokens are stored cryptographically in a blockchain network for authentication and validation. Even when transacting, each token is sold as a whole, in contrast to cryptocurrencies which are divisible into smaller units. NFTs lose their value when split into smaller portions, however, they can be duplicated by the artist and each additional copy can be sold separately (but the total number of duplicates will then always be known).

CryptoHeroes NFTs or HeroCards are rare and unique collectables for those who are passionate about superheroes and their arch-enemies. These NFTs include different superhero cards like Captain Ethereum, Bull Skull, Rocketo, Hodler, Green Gecko and many more. You can screen through the entire list of superheroes on the CryptoHeroes website.

CryptoHeroes Review

Image Credits: CryptoHeroes Website

CryptoHeroes review

CryptoHeroes is built on the core concept of decentralized finance with a dedicated focus on the NFT market. DeFi deploys blockchain technology to support financial services like investing and trading. This technology encrypts the data using hashing algorithms and distributes it across the network, providing an added layer of security and anonymity.

CryptoHeroes’ unique model also combines features of Yield Farming in its platform. In traditional financial terminology, Yield Farming can be compared with mutual funds where investors pool their funds to make a sizeable investment and benefit from the economies of scale. In the case of Yield farming, pools of cryptocurrencies are mobilized and locked in for a specific holding period. These investors receive rewards based on their contributions.

Investing in CryptoHeroes

Buying NFT-HeroCards through the CryptoHeroes marketplace grants access to investment pools with a high APY (annual percentage yield). All you need to do is buy a one-time HeroPass or a HeroCard.

You can alternatively contribute by participating and stake your own tokens. All you need to do is synchronize your ETH with CryptoHeroes tokens. Users in this pool will receive LP Tokens (liquidity provider tokens). These LP Tokens are proof of your contribution to the pool.

CryptoHeroes Review

Image Credits: CryptoHeroes Website

What are the benefits of investing with CryptoHeroes?

In addition to the impressive HeroCard collection, pooling your funds with CryptoHeroes has all the benefits of investing and much more. There is also a surprise in store for collectors. CryptoHeroes has hidden 1wBTC (Wrapped Bitcoin) in one of the usual HeroCard collectables and it can go to any lucky participant.

As a participant, each investor can earn a passive income. And you can earn this passive income while building a CryptoHeroes universe with your collectables.

Different pools are earmarked for each one of the CryptoHeroes. Sales from HeroPasses and HeroCards will replenish these pools, depending on the value of the HeroPass. So holding a greater number of HeroPasses will give an investor access to a wider profit pool.

If you are like your favourite CryptoHeroes and are looking for something super, you can choose the Super Profitable Pool. This pool could fetch you 2x to 3x times the annual percentage yield. Just to add on, you can do this with the limited series NFT HeroCards — a collection of CryptoHeroes in an all-new design. These rare cards with new designs cost more than the usual HeroCards.

CryptoHeroes Review

Image Credits: CryptoHeroes Website

CryptoHeroes review: Concluding thoughts 

From long term investment strategy with passive incomes to short term surprises like hidden giveaways, well-designed characters and superhero collectables — the CryptoHeroes universe really seem to have it all.

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About the author: Shankar Iyer is one of the full-time writers at Cryptowisser.com. With 13+ years background in Investment Banking and Financial Services, from Lehman Brothers (up until the CDO-crash in 2008) to Deutsche Bank, Shankar has a comprehensive understanding of the finance markets and its problems. Today, he’s an avid researcher and writer on a wide variety of blockchain topics.

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