Digital assets, especially cryptocurrency, have been a trending topic in the global market. As they provide a new way of owning funds and capital, people are intrigued by how cryptocurrency works in real life. With that said, the crypto market is currently dealing with a crisis in recent months. The massive crypto crash has struck the market, and almost every crypto project is trading in red nowadays. Analysts blame factors like inflation, the Ukraine-Russian conflict, and changes in government policies for the mess.
However, this has not stopped the market from developing more projects in this field. One of them is VertoChain (VERT). Let’s compare the project with top-performing crypto coins like Shiba Inu (SHIB) and Synthetix (SNX) to know more about it.
Shiba Inu (SHIB) is a decentralized altcoin based on Ethereum Blockchain. Built on blockchain technology, this community initiative is a cryptocurrency called meme coin. Together with smart contracts, it enables quicker, less expensive, and more secure transactions. This token is highly affected by the crypto crash. A reason for this is the lack of utility in the project. When the project was launched, it gained popularity for its unique features. Nevertheless, the token eventually lost its appeal and began to decline.
Synthetix (SNX) is a decentralized software that allows users to mint tokens similar to the world assets like gold and silver. It operates on Ethereum Blockchain, joining hands with smart contracts to facilitate users. These smart contracts track and provide the returns of other assets without holding these assets. The Synthetix ecosystem has introduced SNX tokens as a native crypto token to function effectively and provide a user-friendly experience.
Evolution of Decentralized Finance in the 21st Century
People are widely familiar with central financing institutions like central and commercial banks. But there are trust issues that surround this form of financing. To avoid these shortcomings, people have found a next-level solution. Decentralized Finance (DeFi) is a better alternative to all financing problems that innovators face. This platform provides tools like staking, yield farming, liquidity pools, and crypto-asset lending. Leading cryptocurrency projects like PancakeSwap (CAKE) and Aave (AAVE) now prefer using DeFi tools to connect users to early innovators.
VertoChain (VERT): An advanced DeFi Protocol
VertoChain (VERT) is a Utility and governance token of the VertoChain ecosystem. It is a peer-to-peer trading protocol that aims to provide barrier-free access to the crypto world to all users around the globe.
The team believes in near-zero transaction charges while swapping crypto assets on multiple networks. They believe in combining advanced DeFi tools like yielding, liquidity pools, and staking with expert service delivery to lead a revolutionary change in the crypto world.
Features of VertoChain (VERT)
The team has researched and come across some unique features to add value to the project. These include:
- VERT operates on Binance Smart Chain (BSC), a smart contract programmable network that integrates a proof of stake mechanism.
- The team also plans to build a multi-chain network on the VetroChain. This system will include top DeFi chains like Avalanche (AVAX), Tezos (XTZ), Solana (SOL), and Ethereum (ETH).
- The project is community-based and integrated with the decentralized autonomous organization (DAO) concept. It empowers the users by giving them voting power.
After the recent crypto crash, people are looking for promising projects. One of such platforms can be VertoChain (VERT) offering peer-to-peer trading and swapping the DeFi protocol for crypto tokens. The main features of this platform include multi-chain swapping, liquidity, and yielding provisions for users. The team plans to expand the project by launching the VERT tokens on PancakeSwap (CAKE) and joining hands with multiple financing partnerships. This project has the potential to grow, and it might outstand cryptocurrencies like Shiba Inu (SHIB) and Synthetix (SNX) in the long run.
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