Rocketize Token Aims to Fulfill DeFi Needs Crypto, with Ethereum.

Rocketize Token Aims to Fulfill DeFi Needs Crypto, with Ethereum.

The DeFi ecosystem is still one of the most promising places to invest this year, mainly because it hasn't seen any volume and has been down since the market crashed. The Terra crash further worsened the situation, and users are looking for a cryptocurrency that could excite the market back. What other cryptocurrency would be capable of that than a memecoin; Rocketize Token(JATO) is a new memecoin currently on presale, which many DeFi users are looking to as the next big thing or catalyst for the DeFi landscape.

Rocketize Token has been selling at record speed on presale, which hints at the success of this project. The opportunity in this is early buyers get the JATO token below market price and can sell in the future for profit, in most cases, after launch. Ethereum is the leading network on DeFi, but in a market situation like this, it has struggled to bring the market out of the low activity.

Ethereum looks promising for the future of DeFi as the network is securing some decent updates and collaborations that could help the network scale better and onboard new users. Google recently announced that it would be launching a cloud-based node engine for Ethereum projects.

The announcement by Google shows the bulging spotlight that major tech companies are placing on the blockchain, cryptocurrency, and web3 projects. Google stated in its announcement that "Blockchain is changing the way the world stores and moves its information." Google is already in partnership with Coinbase, BNB Chain, and a few other blockchain projects to foster the landscape's development. It would be nice for investors to position themselves wisely, seeing a lot of value emerging from the blockchain ecosystem.

Ethereum(ETH)

Ethereum(ETH) is a second-generation blockchain network that allows smart contracts and decentralized applications. It is the earliest iteration of smart contracts and dApps and has inspired several other projects to attempt to improve its framework. Ethereum's major pitfall is its scalability issue which emerging projects attempt to correct without compromising on decentralization or security.

Ethereum plays host to thousands of decentralized applications, making it the most valuable network in the blockchain landscape. Recently, the network underwent an upgrade called the Merge; it enabled the transition from Proof-of-Work to Proof-of-Stake, which makes the network consume less energy and more environmentally friendly. This upgrade is one of many attempts to fix Ethereum's scalability inefficiencies and bring the network to optimum capacity for modern use.

Rocketize Token(JATO)

Rocketize Token is a new memecoin on the Binance Smart Chain, which is looking to revive the DeFi market. In fact, the BNB Chain is a top network for DeFi, emerging as a top alternative for Ethereum when its scalability issues worsened with high activity. BNB Chain emerged as a network suitable for quick transactions at lesser speeds and being EVM-compatible quickly allowed projects existing on the ethereum network to create a BEP-20 alternative to their token.

Rocketize Token is a memecoin but intends to use its DeFi utilities to create wealth for its community holders. The token name, JATO, is an acronym for Jet Assisted Take-Off, which points to the narrative the community adheres to. It's a crypto slang to say that a price pump is the same as "going to the moon ."So this explains the rocket and astronaut memes the Rocketize community will be pushing.

Rocketize Token(JATO) takes a different approach from the dog memes that have dominated the cryptocurrency market for several years, and it seems to be working fine. JATO is selling out fast on presale, and investors are looking to make massive profits after launch.

Related Stories

No stories found.
logo
Analytics Insight
www.analyticsinsight.net