Place/Date: - October 25th, 2022 at 5:03 pm UTC · 4 min read
In the recent past, cryptocurrencies have been gaining traction among the global investor community as the prices touch new highs. The blockchain-based assets have been also instrumental in popularizing the concept of decentralized finance (DeFi) which emphasizes an ecosystem free of third-party institutions like brokerage firms and banks. The other benefits associated with cryptocurrency include data privacy, a secure trading experience, innovative products, and returns that are immune to external factors. If you are a rookie investor who’s having a tough time choosing a cryptocurrency to invest in, you can start with simple research. Just look up some of the top names like Rocketize (JATO), Polygon (MATIC), and Hedera (HBAR), evaluate them, and then make a choice. To help you get started, here’s a look at some of the key features of these three cryptocurrencies.
Rocketize is a meme coin that is built on the Binance Smart Chain and aims to replicate the success achieved by the likes of Shiba Inu and Dogecoin on the back of its niche features and cutting-edge technology. The meme coin has been inspired by the rising interest in intergalactic and is based on the idea of an atomic nation. It has also rolled out a native token called JATO which can be used for all kinds of transactional purposes on the platform. The token has a limited supply of 1 trillion and can be purchased on presale.
Buyers who purchase the JATO Token on presale will be eligible for a range of rewards. These rewards will vary with factors like the cryptocurrency used in the transaction, the stage of the presale, the fiat amount spent on the transaction, when did the buyer sign up for the platform, and even the buyer’s referrals, among other parameters. To explain this with the help of an example, let’s consider an ETH user who wants to purchase JATO Tokens, they will get 8% extra tokens as a reward. Now, if the buyer buys JATO Tokens within 30 minutes of signing up, they will get 60% additional tokens as a bonus.
A key USP of the JATO Token is that it is deflationary in nature, hence they are burned regularly to ensure that the supply of the token remains scarce and its price stable. Moreover, for its governance, Rocketize leverages the decentralized autonomous organizations (DAO) model and provides token holders with voting rights. When a community member pitches a proposal, token holders can use these voting rights to present their views.
The platform also levies a 2% tax on all JATO transactions. Around 50% of the tokens collected as tax are burned, to keep the token supply scarce. The other half is credited to the wallet holders on the Rocketize platform.
Polygon is an Ethereum-friendly scaling solution for developers wanting to build user-friendly dApps at a low cost and without cutting corners on security. It has a native token called MATIC which is used for transactional purposes like staking on the platform. Recently, MATIC’s price surged after Polygon announced that it was a strategic partner with KuCoin Wallet. As on October 14, 2022, the token’s price shot up by 6% following the announcement about the partnership.
Hedera is a carbon-negative public network that is built on the proof-of-stake consensus algorithm and serves as an alternative to blockchains. Its claim to fame has been its high transaction speed and low bandwidth consumption. Its native token HBAR is the primary cryptocurrency of the platform and is used for all transactional purposes on the network. On October 12, 2022, HBAR added over 9% to its value after Hedera announced that the Dubai International Financial Centre Courts has rolled out a global digital vault called ‘Tejouri’ on its network.
Choosing between Rocketize, Polygon, and Hedera can be a tough choice as the three cryptocurrencies have been clocking regular returns with an impressive tech stack and unique use cases. However, when it comes to long-term growth potential, Rocketie enjoys a clear edge over the other two options. The view is also supported by many cryptocurrency analysts who believe that the meme coin would be smashing crypto records in no time. So, if you are looking for a crypto asset that can ensure potentially 100x returns for you, Rocketize is where you should be putting your money.
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