The year 2022 has been a turmoil for the cryptocurrency market where major players like Bitcoin (BTC) and Ethereum (ETH) experienced dwindling fortunes. However, despite the downturn, some unique cryptos have shown promising growth and value-addition. These include the first-ever Certificate of Deposit in crypto: Hex coin (HEX), the largest decentralized exchange for ETH Tokens: Uniswap (UNI), and the premiere luxury watch-based crypto investment platform: Chronoly.io (CRNO). Among these, Chronoly.io has gained a whopping 690% in price through the three stages of its presale. Investors have shown overwhelming interest in Chronoly.io, as all the CRNO tokens stand sold out before its presale could conclude. Let’s understand why these projects look promising.
Chronoly.io (CRNO): The Luxury-Watch NFTs Platform
Chronoly.io is the premiere asset-based NFT offering that allows luxury watch enthusiasts to fractionally buy, sell or invest in NFTs of rare and expensive watches like Patek Philippe, Audemars Piguet, Rolex, Richard Mille, and many more. Investors can park their money in collectible watches, beginning from as low as $10. The unique asset-backed NFT model has attracted global investors with the various rewards and benefits offered.
The platform allows investors to redeem physical, luxury watches once they have fully invested in the NFTs of the watch. Additionally, users can also avail of credit at competitive interest rates, against their NFT holdings.
The platform is sustained by its native utility token, CRNO. Apart from buying, selling and investing, users can also stake their CRNO tokens to earn a passive income. They are also offered monthly lotteries, which come with several rewards. Moreover, users can avail of a special 30% discount on the fees and charges paid on the platform like the membership fees, transaction fees, storage fees, and so on.
The CRNO token has received an overwhelming response from investors through the three stages of its presale, wherein tokens were sold out before the presale concluded. The CRNO token has experienced a striking 690% price growth through its presale. Next, the platform is all set to launch its CRNO token on Uniswap, on 6th October, Thursday (17:00 UTC), at the current price of $0.079. With the launch, the token is expected to hit $3. As per analyst reports, the Chronoly.io (CRNO) token is expected to increase 2,500-5,000% in the next few months and can reach as high as $8.
Beginning 6th October, token holders will get the opportunity to stake their CRNO tokens and earn upto 18.6% APY as passive income. The platform will also conduct free monthly lotteries, wherein one lucky winner will win a Rolex. Therefore, Chronoly.io appears as the most promising crypto platform, with the CRNO token price expected to remain in the green for the longest time.
Hex Coin (HEX): Crypto’s Premiere Certificate of Deposit
The Hex Protocol, launched in the fourth quarter of 2019, broke the internet by becoming the first-ever high-interest Blockchain Certificate of Deposit (CD). Ever since its launch, Hex Coin is known for its extraordinary price surge of 6748x so far. It has become popular as a high-interest blockchain that offers up to 38% APY to its users. Hex Coin (HEX) is currently traded at $0.03.
The HEX protocol operates on a consensus mechanism that is a hybrid of the Proof of Work (PoW) and Proof Of Stake (PoS) algorithms, thereby capitalizing on the security and scalability of both these mechanisms. The Hex Protocol uses the Hex Coin (HEX) for distributing rewards, staking, paying transaction fees, and carrying out other transactions within the platform. At present, the Hex coin (HEX) price is far lower than its all-time-high price of $0.48, seen in September 2021. However, Hex Coin (HEX) is all set to explode after the launch of PulseChain, the underlying layer-2 network of the Hex Coin protocol.
Uniswap (UNI): The Low-Cost DEX
Launched in November 2018, Uniswap (UNI) is the largest decentralized exchange created on the Ethereum blockchain. Being an open-source protocol, Uniswap allows DeFi app developers to launch new and productive applications, enabling users to trade their crypto tokens at extremely low costs. Uniswap was initially developed using the Automated Market Maker (AMM) model that determines market prices using demand and supply rather than centralized books used by other exchanges. Users can also earn rewards by providing liquidity to the UNI token’s liquidity pools.
Therefore, Uniswap is popular as a fully-recognized community-led protocol, having over 300 DeFi apps. The developers have created the UNI token as Uniswap’s primary governance token. The token-holders earn the right to vote on the platform’s major decisions, general operations and the spending of the community’s treasury. The UNI token presently trades at $5.90 and is facing tough competition from various other low-cost crypto projects. However, UNI’s price is destined to grow, as the platform plans to expand its offerings by launching NFTs.
For more information about Chronoly.io
Website: https://chronoly.io/
Socials: https://linktr.ee/chronolyio
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
