Cryptocurrencies have been the favourite asset of financial analysts’ for quite some time now. However, when cryptocurrencies were rolled out in the 2000s, they were met with a lot of scepticism and were dismissed as being too risky. Over time, these assets were able to gain traction as their underlying technology (blockchain and decentralized ledger systems) evolved over time. Be it high returns, data privacy, or a buffer against inflation and other external factors, cryptocurrencies are drawing investors from across the world. If you are struggling to select a cryptocurrency for your portfolio, an ideal strategy to fall back on is good old research. You can consult crypto learning resources to learn more about some of the leading names like Rocketize (JATO), Chainlink (LINK), and Iota (MIOTA), weigh their pros and cons, and then make a decision. Let’s go through some of the features of the three above-mentioned cryptocurrencies.
Rocketize: Get Your Favourite Memes Converted Into NFTs
Rocketize is a meme coin that is inspired by the concept of an atomic nation and it seems to capture the interest in intergalactic activities by leveraging the potential of blockchain technology. It is powered by the Binance Smart Chain which makes it compatible with multiple blockchain networks. Its native token JATO is a versatile cryptocurrency that has multiple uses that include staking, earning rewards, voting rights, and liquidity pool provisioning.
The supply is fixed at 1 trillion but the tokens are burnt regularly due to their deflationary nature. By burning these tokens, the platform keeps them in short supply and is able to tame price fluctuations. All JATO transactions will attract a 2% tax and 50% of the tokens collected as tax proceeds would be burnt to keep the token’s value stable. The other half is set aside for maintaining token holders’ wallets.
Users should know that the JATO Tokens will be available on presale, should they want to buy them. Also, every time they purchase these tokens on presale, they will be eligible for exciting rewards. These rewards may change depending on factors like the kind of cryptocurrency used in the transaction, the stage of the presale, the quantum of fiat currency used, and if the buyer has any referrals. Here’s an example, if a SHIB user plans on buying JATO Tokens, they will be eligible for 15% extra tokens as a reward. Now, if the buyers purchase these tokens within 30 minutes of signing up on the platform, they will be getting 60% of the tokens as a bonus.
For NFT enthusiasts, the platform has a secure marketplace for generating digital collectibles called ROCKMint. At ROCKMint, users will be able to generate and store NFTs. Plus, if they are cardholders, they can even upload memes and get them converted into collectible trading cards.
Dolomite Joins Chainlink’s BUILD Program
Chainlink is an oracles network that supplies tamper-proof computational data for the deployment of smart contracts. Its native token is LINK which can be used for multiple transactional uses on the platform. Users will be able to connect data or APIs with smart contracts using premium data and cryptographic proofs. In recent news, margin trading and lending protocol Dolomite announced that it would be joining Chainlink’s BUILD program to boost the adoption of its margin trading tools.
Iota’s Software Library Gets A Stable 1.0 Release
Iota is a decentralised platform for securing digital assets and verifying sensitive information. Its native token is called MIOTA and is the primary cryptocurrency for the network. A key feature of the Iota platform is its software library Stronghold which can help in managing data and recently had a stable 1.0 release. The upgrade will usher in new changes.
For many cryptocurrency analysts, the choice isn’t as difficult as they believe Rocketize has an edge over Chainlink and Iota because of its growth potential. The meme coin can help investors earn returns over the long term as it offers them multiple income-earning opportunities, be it through NFTs or its rewards system. Among the analysts who have reviewed it, many also claim that it even has the potential to cross 100x returns.
Learn more about the Rocketize Token:
Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCodex. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.