Snowfallprotocol.io (SNW) Replaces Wrapped Bitcoin (WBTC) and Uniswap (UNI) as Passive Income Investors’ Hot Favorite This Month

Place/Date: - October 4th, 2022 at 10:34 am UTC · 3 min read
Source: Snowfallprotocol

Snowfallprotocol.io (SNW) Replaces Wrapped Bitcoin (WBTC) and Uniswap (UNI) as Passive Income Investors’ Hot Favorite This Month
Photo: Snowfallprotocol

Wrapped Bitcoin and Uniswap tokens were created with two very different purposes, and their mandate goes beyond mere financial transactions. Wrapped bitcoin intends to bring the benefits of DeFi use cases to the world of bitcoin, while Uniswap seeks to make liquidity available for platform stakeholders like dapps developers. Although they offer diverging functional benefits to their respective users, passive income investors had previously considered both of them as top candidates for long-term investment. That appears to have changed with the arrival of Snowfallprotocol.io (SNW) in recent months.

Is It Passive Income if It Loses Money?

Bitcoin, the original cryptocurrency and the undefeated champion of the crypto world, has been credited with singlehandedly creating several multi-millionaires in a span of a few years. However, it is also notorious for burning the wealth of so many people worldwide. Bitcoin’s volatility is not a secret; it’s well-known. In fact, if there’s one thing certain about bitcoin, then it is its unpredictable nature.

A great many cryptocurrencies have been created with the explicit purpose of addressing the volatility issues inherent to bitcoin. Several other cryptocurrencies have been created for advanced use cases, which have been collectively labeled decentralized finance.

Whatever their purpose, almost all cryptocurrencies, including DeFi tokens, are heavily influenced by bitcoin. This is best evidenced in the fact that the bitcoin crash of the 2021-22 period snowballed into a crypto market-wide crash, which affected both Wrapped Bitcoin and Uniswap.

In fact, Wrapped Bitcoin is pegged to bitcoin, so it’ll never be a reliable investment vehicle. Its volatility is identical to that of bitcoin, so it is hardly a replacement.

Uniswap, on the other hand, faces an existential threat. Sushiswap, a fork of Uniswap, almost brought Uniswap to its knees by “stealing” liquidity from the latter. The entire incident exposed the vulnerability of Uniswap as a platform. Although the weaknesses that lead to such a scenario have been addressed, it doesn’t mean that new vulnerabilities will not be exploited in the future.

The Real Test of Passive Income Asset

A good passive income asset gives you predictable, consistent returns for a long time. Bitcoin and wrapped bitcoin will never pass this test. Also, Uniswap does not accept fiat money, has high gas fees, and faces threats from other platforms that offer similar benefits. The market is just not big enough for more than one of these.

Snowfallprotocol.io (SNW) does not suffer from similar issues. It has built-in safeguards against speculative trading and staking, which prevents bitcoin-like pump-and-dump trends. And, the seamless transactions between any combinations of fiat money and cryptocurrencies make Snowfallprotocol.io (SNW) the ideal choice for cautious investors. And, the rewards can be as high as 270% or higher!

Therefore, it’s no surprise that Snowfallprotocol.io (SNW) is drawing the attention of passive income investors in a big way.

For more information about Snowfallprotocol.io’s (SNW) visit: Website, Presale, Telegram, Twitter.

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