Place/Date: - November 6th, 2022 at 8:51 am UTC · 4 min read
Source: Rocketize Token
Apart from their promising returns, decentralized finance (DeFi) assets like cryptocurrencies and non-fungible tokens (NFTs) have been a shot in the arm for the post-pandemic investment scene, largely because they weren’t as affected by external factors as traditional investment options.
If you are confused about how to start your cryptocurrency investment journey, an ideal strategy is, to begin with, research. You can consult crypto learning resources to find information about leading names like Rocketize (JATO), Polygon (MATIC), and Chiliz (CHZ), draw a comparison, and then make an informed decision. To help you along, let’s have a look at some of the key features of these three cryptocurrencies.
Powered by the Binance Smart Chain, Rocketize is a meme coin that has been inspired by the concept of the atomic nation. It aims to tap into the rising interest in intergalactic activities by offering its users blockchain-based tools to not just elevate their experience but also earn passive income. Its native token JATO is the primary cryptocurrency of the network and will be available on presale for those interested in purchasing it. The JATO is versatile in its use cases which include liquidity pool provisioning, minting NFTs, token swapping, and earning rewards through participation.
An interesting fact about the platform is its reward system. Every time a user buys the JATO Token on presale, they will be eligible for attractive rewards which will vary with factors like the kind of cryptocurrency used by the buyer, the stage of the presale, the amount of fiat currency spent on the transaction, the buyer’s referrals and how soon after signing up for the platform did the transaction happen. Let’s explain this with an example. If you are a BTC user and intend to buy JATO Tokens, you will get 15% extra tokens as a bonus. If the buyer has referred someone to the platform, for every $100 each of them spends, they will be eligible for tokens worth $40 each.
The JATO Token is built on a deflationary model wherein the tokens are regularly burned or destroyed, to keep their supply limited and price stable. A scarce supply helps in keeping fluctuations to a minimum. The platform levies a 2% tax on all JATO transactions and 50% of the tax proceeds are burned. The other half of the tax proceeds are credited to wallet holders.
Polygon is an Ethereum-friendly scaling tool that enables developers to deploy agile and secure dApps without having to pay high transaction fees. It has rolled out a native token called MATIC which comes in handy for various transactional purposes like staking and payment of fees or charges on the network. During the recent SG Fintech Fest, technology firm Wordplay Global announced that it would be offering support for USDC settlements on the Polygon network. The move is a part of a broader strategy with which the company aims to become a Polygon validator.
Chiliz is a decentralized platform that offers blockchain-based solutions to help sports and entertainment boost engagement and monetize their audience. Its native token CHZ can be used for any transactional obligation that a user encounters on the platform. In a recent development, Chiliz’s CHZ Token entered a bullish phase amidst the hype ahead of the FIFA World Cup. Cryptocurrency analysts are expecting the rally to continue till the world cup.
If you compare the individual features of the three cryptocurrencies, you will notice that choosing a favorite between them is a tough task. However, many cryptocurrency analysts would beg to differ. For them, Rocketize has shown a higher potential for long-term growth than both Polygon and Chilliz. For starters, it gives its users multiple opportunities to earn passive income, apart from token swapping. Moreover, it is invested in developing the DeFi ecosystem which over time will help in ramping up its user base. There’s also a section of analysts who believe in its ability to clock 100x returns.
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