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A lot has been happening in the cryptocurrency market despite the low trading activity compared to the bull market. Smart users know these are opportunities to make money and are already positioning themselves to get the most out of it. The Rocketize Token (JATO) is one of the fast-selling presales of 2022, and it points to the potential many users have seen in the token.
Also, Rocketize Token (JATO) is a memecoin project, which explains some of the hype it seems to be getting. Memecoins are one of the fastest ways to make money in the cryptocurrency market. We have seen that being demonstrated several times in the market; even failed memecoin projects do not fail to make their early investors some gains.
Frax Finance is another DeFi protocol to look at with a new dual token model that will simplify DeFi integrations. It offers a model allowing users to earn above the average yield for staking Ether (ETH). The liquid staking mechanism, known as Frax Ether, went online on October 13 in a soft community launch, with an official announcement anticipated shortly. The system consists of different offerings, including Frax ether (frxETH), staked frax ether (sfrxETH), and the Frax ETH Minter.
Staking is storing funds in a cryptocurrency wallet in exchange for incentives. By locking up money to receive rewards while still having access to it through their liquid derivative currencies, a practice known as liquid staking is carried out. The Frax ether token is a stablecoin tied to ether and intended to be equal to 1 ether (ETH). Users can unlock the liquidity of ether staked by depositing ETH into the Frax ETH Minter contract and receiving an equivalent quantity of frxETH.
Frax Finance (FRAX) is a blockchain startup that uses the FRAX token, a partially collateralized algorithmic stable currency. It may essentially be minted by anybody who offers two crucial tokens: USDC and FXS, the protocol's so-called share token. To issue new tokens, the minting process employs a collateral ratio. To mint one FRAX at a 50% collateral ratio, the person would need to give $0.5 of USDC and $0.5 of FXS. Users can redeem the FRAX token for $1 at any moment using the same collateral method we previously explained. If the user wishes to return to his old assets, he may repeat the transaction and obtain $0.5 USDC and $0.5 FXS in exchange for the single FRAX token.
Frax Finance is a top decentralized protocol on the ethereum blockchain, and it boasts a total value running into several million.
Rocketize Token (JATO) is setting up nicely to become the memecoin of the season. Many early investors believe it has the potential to draw the market out of the bear run as Dogecoin did in 2021. Because memecoins can draw users from outside the crypto landscape, there are a getaway to onboarding new users and ushering new money into the market. Rocketize being on the Binance Smart Chain makes this task much easier.
Although the Ethereum blockchain is the leading network for DeFi, and some other landscapes, it is not primed for onboarding new users because transactions are much slower and costlier compared to the BNB Chain. Rocketize Token (JATO) is a new memecoin with a unique narrative to help the community holders make money and take the token to the moon– an analogy for a massive price pump in the cryptocurrency market.
Also, Rocketize (JATO) will use a DAO governance model, enabling users to get involved in the project's direction actively. Users can create proposals and send these suggestions to the community for approval. Approval is obtained by consensus and is reached by community votes.
Join the Rocketize Token (JATO) presale here now and be early to make gains.
Presale: https://rocketize.io/buy
Website: http://rocketize.io
Telegram: https://t.me/RocketizeTokenOfficial
