PETS meaning in Cryptocurrency ?

Answer:

Meet MicroPets – Home to the cutest NFTs on the Binance Smart Chain! We've taken your favorite memes and packaged them up into adorable pets you can trade or stake. The rarer the MicroPet the better the rewards.

How Does It Work?

The team has built a custom dApp that launched with a ton of features on day 1 alone. Users go onto the dApp and purchase a crate with their MicroPets tokens. Opening their crate, they receive a random NFT with various rarity and staking rewards. Users can then stake the pet for MicroPets rewards proportional to their pet's staking multiplier. If users don't receive the pet they desire, they have the option of putting it for sale to others in the MicroPets marketplace.

What's Special?

The team has taken a high-end approach that eclipses most other projects in this space. For example, they chose Certik with Skynet for their audit over less-expensive options. This sent a clear signal to their early supporters that the team emphasizes quality in everything they do. Furthermore, they announced just two weeks into their project they were partnering with a major game development company, Cubix, on their custom-built P2E game-MicroPets Runner. Finally, the team announced their future strategic vision of developing towards the Metaverse (MicroVerse), ensuring MicroPets remains a forward-thinking and innovative project.

Marketing Prowess

The team has consistently proven its ability to draw in a massive number of new investors consistently. Currently, MicroPets is running ads on nearly every major worthwhile platforms, such as BSCScan and Facebook.

Less than a week into the project's launch, the team announced they had put up a massive billboard outside of the SpaceX office in Hawthorne, CA directed at Elon Musk. Additionally, they were the first on a brand new massive Times Square billboard outside of the NFT.NYC conference in New York City.

Consistently, MicroPets is the #1 most trending token on everything from CryptoMoonShots to CoinMarketCap and DEXTools, sending clear signals that investors have a massive interest in the MicroPets project and its continued development.

BEP-1155 NFT

The MicroPets' development team chose the BEP-1155 standard due to its unique flexibility. Utilizing this standard, the team provides users the opportunity to purchase and open multiple crates in just a transaction each! This provides a much more user-friendly experience while also increasing the utility and throughput of the MicroPets token in the dApp.

Staking & Marketplace

Users can stake their NFT's in the MicroPets staking pool, earning rewards based on the rarity and staking power of their pet. There are several different rankings of MicroPets: Common, Uncommon, Rare, Epic, Legendary and Mythic. Based on this rarity, users have a staking power of 1X to 5X, further amplifying their MicroPets earnings. So far, over 12,000 crates have been opened. Users can stake or sell their pets in a stack, which is extremely unique for the space.

Should users not like the NFT they obtained, they're free to sell it on the open marketplace using the dApp. Users simply go into their inventory, select the pet they'd like to sell, name their price, pay just a 2% MicroPets fee, then end up with a listing on the marketplace. Other users are then free to go on and buy the NFT they'd like using their MicroPets tokens.

Special Edition Crates

The team has proven their ability to execute by delivering a Halloween-themed crate with 7 additional NFT's less than a week after their launch. Their animation and design team worked quickly to deliver the NFT's with plenty of time for users to enjoy them. Supporting this is the custom-built MicroPets dApp, which is specifically designed for maximum efficiency and customization.

Farming (Future Development)

Further expanding the MicroPets ecosystem, the team has begun the development of their farming system. Using farming, users will be able to further empower their pets, increasing their rewards along the way as they engage in the MicroPets ecosystem. Users will lock their pets for 14 days to farm them into more powerful NFT's. Furthermore, they'll be able to purchase treats on the MicroPets shop, enabling the ability to reduce this time. Think of it as a modern-day Tamagotchi!

Play To Earn Game (P2E)

The team recently announced they've decided to partner with Cubix, a global development company with expertise in blockchain and gaming technology. MicroPets Runner will be a classic side-scrolling runner where you'll take your game character (made from a MicroPets NFT) and dodge monsters and obstacles as you move faster and faster through the map. Collecting coins will earn you MicroPets rewards! Along the way, you'll grab power-ups to further increase your earning power or potentially save your life.

Scheduled for Q4 2021 testing and release early Q1 2022, this will be a top-notch game you'll be able to play on both Android and iOS.

PETROPOLIS (MetaVerse) strategic development begins early 2022.

reference

Full Form	Category
Perth Electric Tramway Society	Academic & Science
PetMedExpress.Com, Inc.	Business
People Equipment Technology And Services	Business
Prototype Educational Tools for Systems	Community
Pet Education and Training Seminar	Community
Primary Education Thinking Skills	Community
Presidents Educational Training Session	Community
Palm Educational Technology For School	Community
Promotion Education Therapy And Special	Community
Project for Educational Tablets in Schools	Community
Professional Educator Training in Schools	Community
Print Enterprise Technology Solution	Computing
Personalized Turnkey Superclusters	Computing
Parameterized Executable Test Suite	Computing
Privacy Enhancing Technologies Symposium	Computing
PolkaPets	Cryptocurrency
MicroPets	Cryptocurrency
President Elect Training Seminars	General
Prior to Expiration of Term of Service	General
President Elects Training Seminar	General
Public Expenditure Tracking Survey	General
Performance Evaluation and Tracking System	General
Positron Emission Tomography Scan	General
Public Expenditure Tracking System	General
Peterson Express Transport Service	General
President Elect Training Seminar	General
President Elect Training Session	General
Performance Evaluation Of Tracking And Surveillance	General
Power Extraction And Transfer Structure	General
Place Exercise Time and Spend	General
Pet Emergency Treatment Services	General
Pet Emergency Treatment and Specialties	General
Preventing Euthanasia Through Sterilization	General
Pets Evacuation and Transportation Standards	Governmental
Proposed Endangered Threatened Or Sensitive	Governmental
Petitions Entry And Tracking System	Governmental
Personal Electronic Testing System	Governmental
Positive Encounter And Tactics System	Governmental
Post-landing Experiment Test System	Governmental
Public English Test System	International
Prevention Education Training and Systems	Medical
PEt Travel Scheme (proposed new import regulations for cats and dogs entering the UK)	Medical
Paediatric Emergency Transfer Service	Medical
Personal Electronic Teller of Stories	Softwares
P/l Experiment Test System (ksc)	Space Science
Payload Environmental Transportation System	Space Science
Pocc Experiments Timeline System (gdsd and Spacelab)	Space Science
Personal Entertainment Toy System	Sports