Ethereum, Toncoin and Everlodge could be a life raft in various economic crisis situations. Read on to explore how this is possible and why it matters.
Ethereum is one of the biggest cryptocurrencies, second after Bitcoin. And it is the biggest crypto that allows smart contracts and DeFi based protocols to exist. For Ethereum maxis, the value proposition is clear. Due to the large number of different stakers, Ethereum is highly decentralized and therefore not at risk from a 51% attack.
This means that should authorities try to take down crypto they will not be able to do so with Ethereum. Similarly, hackers or other bad actors cannot bring down the network.
The prevalence of Ethereum, and layer 2 Zk rollup solutions that are based on Ethereum, mean that the coin and network is crucial for much of crypto and its potential for mainstream adoption.
Toncoin began its existence as a Telegram based coin, before getting embroiled in a legal issue with the SEC. The owners then gave the project to their community who renamed it The Open Network coin.
In a move that brings Toncoin full circle, they have now integrated more closely with Telegram, and anyone that would like an anonymous crypto wallet simply has to invoke the @wallet bot and press a few clicks.
This news has sent the price of layer 1 blockchain Toncoin skyrocketing, flipping the layer 1 Solana to take 8th spot as the largest cryptocurrency (excluding stablecoins).
Critics of Toncoin, however, include the difficulty of verifying the tokenomics and burn rates, saying that the recent code release to check it does not work.
In our view, the power of Toncoin now lies in the ease of use for the Telegram community to buy and sell things, and, if using anonymous Telegram accounts that can be purchased with TON, the ability to have a high degree of privacy. This may prove essential in an economic crisis if governments try to take control of blockchain technology using state issued Central Bank Digital Currencies (CBDCs), and harsh regulations from bodies such as the SEC.
Everlodge was inspired by many of the principals of DeFi, aiming to offer financial and investment opportunities to ordinary people.
Built on Ethereum to ensure safety, Everlodge brings to mind a kind of real world Monopoly game. With an upcoming app that is beautifully designed and promises to be easy to use, investors can purchase fractions of vacation properties around the world. This means that they can co-own properties and receive a share of the rental income.
In the event of an economic crisis, a country's fiat may become so devalued as to leave its currency almost worthless, as we have seen in countries such as Venezuela, Argentina, and Zimbabwe.
By giving people the option to invest in fractions of properties in different global locations, investors can hedge against this risk, while benefiting from property price appreciation.
Everlodge's native currency is ELDG and holding it brings benefits such as free holiday stays and the option to stake it for 10% APR. There are no hidden fees and no credit checks, meaning that this project aims for true financial inclusion.
ELDG, currently in presale, is up by 80% from its initial price of $0.01, and will continue to rise to $0.038 at which point it will launch on CEXes and DEXes. Experts predict a 20-40% rise from there.
Website: https://www.everlodge.io/
Telegram: https://t.me/everlodge
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Disclaimer: Analytics Insight does not provide financial advice or guidance on cryptocurrencies and stocks. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. This article is provided for informational purposes and does not constitute investment advice. You are responsible for conducting your own research (DYOR) before making any investments. Read more about the financial risks involved here.