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- Cryptocurrencies
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The recent crypto market crash has caused a stir across the entire market causing utter chaos. This crypto market downturn is unnerving, as nobody knows how long this will last or whether a recession is looming.
Since the dawn of the crypto market, new and novel tokens have been introduced, offering many exciting features. The developers kept thinking about how to beat the existing currencies to rule the market. This resulted in an advance in almost all aspects of cryptocurrency, be it meme coins, utility tokens, or altcoins.
Shiba Inu (SHIB) is one of the most notable names presiding over the meme token game. The token skyrocketed last year and changed the perspective of many people regarding meme tokens. The utility tokens were always part of the public discussion because these platforms provided real-life applications. One of the best utility tokens among the blockchain and non-blockchain platforms is BNB (BNB).
A new cryptocurrency is making its way to the market, and it has a lot of fresh and exciting features- Adirize DAO (ADI). Now the point is that can it outperform market giants like Shiba Inu (SHIB) and BNB (BNB)? Let's find that out!
Shiba Inu (SHIB) is essentially an Ethereum-based meme token. It is the replication of Dogecoin's Srypt-based mining algorithm.
This platform has a swapping protocol called the ShibaSwap decentralized exchange for the $SHIB community to build its brand. ShibaSwap users can bet their cryptos to generate better returns, just like a savings account.
The platform has a financial ecosystem, having a weighted pool pair on Curve. It also aims to add major DeFi protocols to appear in the Shiba Inu ecosystem, which would require a firm bridge to function.
Shiba Inu has maddening popularity due to its competition with Dogecoin. But what makes it unique among other meme coins is its status as the ERC-20 token, plus it is aiming to move to proof-of-stake protocol.
BNB (BNB) is an ecosystem of decentralized, blockchain-based networks. Initially, it was created as a token hosted on the popular Ethereum network, the leading smart contract platform. Now the platform has spread its services among numerous different fields. The primary objective of this token is to become the infrastructure services provider for the whole blockchain ecosystem.
One of the significant uses of BNB is trading. Users can trade for any other cryptocurrencies on different exchanges. This feature makes it one of the most traded coins. The platform is deflationary as it offers much lower gas fees on the Binance Smart chain. The network burns some of the fees to decentralize further.
Adirize DAO (ADI) aims to change centralized USD as an asset pegged from a stable coin to a more reserved asset not apt to depreciate. The bulk of stable coins, with a market valuation of $186.4 billion, are backed by the US dollar. As a result, cryptocurrency prices are heavily influenced by weakening fiat currencies, raising the question of whether stable coins stay true to their name.
This platform has decentralized reserve ADI currency that aims to wean crypto markets off their dependence on US dollars. The ADI's primary objective is to operate as a store of value, rather than a currency tied to the dollar like USDT, USDC, and others. Adirize DAO (ADI) backs the issuance and value of ADI tokens with a protocol-owned reserve of cryptocurrency assets instead of renting liquidity ADI owns it.
In terms of liquidity – Instead of renting its liquidity, the platform owns it. Most DeFi protocols rely on users to provide liquidity which is terrible for protecting the protocol's long-term value from market whims. The platform also must pay liquidity providers with more significant returns to keep them on board. By holding its liquidity, Adirize eliminates the problem of liquidity migration.
In terms of free floating – although the platform operates on an open market, the price of ADI is permitted chiefly to "float." This means that the free market decides the value of ADI rather than USD. As a result, its price has been volatile, as it is susceptible to supply and demand impulses, just like any other non-pegged asset.
The recent crypto market crash has stultified almost all projects' rate of progress. Adirize DAO (ADI) can be that project with its exciting claim of eliminating USD dependency. This has never been done before and seems to be a beneficial advancement. In a nutshell, this cryptocurrency may gain hype and place it among the top currencies like Shiba Inu (SHIB) and BNB (BNB) in the long run.
Presale: http://join.adirize.com/
Website: http://adirize.com/
Telegram: https://t.me/AdirizeDAO_Official
