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RenQ Finance's reach is comparable to that of Polkadot and Fantom, making it a formidable competitor in the blockchain space.
The game of investing is majorly hinged on the analysis and comparison of assets and then determining which option best qualifies to be picked for maximum investment benefits.
While many cryptocurrency assets are seeing plummeting prices, a decrease in utility, and overall acceptance, a new player in the game offering a better profit potential has arrived in RenQ Finance.
RenQ Finance stands out from assets like Fantom and Polkadot in terms of potential short-term returns on investment and long-term benefits.
FTM is the native cryptocurrency of Fantom. Fantom promises to address problems with smart-contract systems, particularly transaction speed, which, according to the project's developers, is less than 2 seconds.
Fantom is currently trading at US$0.4977. In the last 24 hours, FTM has decreased by 2.04%. Right now as of writing, it is down -13.89% from its seven-day high of $0.578, FTM has seen lowering prices for seven days consecutively, this is not a good investment choice by any means.
Gavin Wood, a former co-founder of Ethereum, established Polkadot in 2016. He believed that Polkadot was created to do what Ethereum was unable to do.
Polkadot (DOT) provides three unique functions as the native token of its namesake blockchain: network governance, staking, and bonding.
The current price of Polkadot is $7.02 as of writing, DOT has lost 5.04% in the last 24 hours and it is currently down -10.92% from its seven-day high of $7.88.
Like FTM, the price of DOT has been falling for seven consecutive days.
Investors seeking a better option may consider RenQ Finance as a viable choice.
RenQ Finance is a ground-breaking DeFi initiative that advances previous experiences encountered while engaging DeFi services.
RenQ is a unified platform for a decentralized world in that it combines the benefits of a centralized exchange in a decentralized system, and is designed to operate through a community (RENQDAO).
Being an all-in-one DeFi solution, RenQ Finance may be used as a Decentralized Exchange (DEX), Decentralized Application (dApp), and Decentralized Autonomous Organization (DAO).
The innovative, multi-chain, non-custodial exchange will function independently without compromising the user's identity and allows wallet transactions without letting users lose custody of their money. In contrast to what is known about centralized exchanges like Binance or Coinbase, decisions are made by a unanimous vote within the community.
By connecting all the isolated blockchain networks in the DeFi space into a cross-chain exchange network, RenQ Finance, with its single solution mechanism, will make all of these networks more relevant and useful via its platform. As a result, transactions that were previously only possible within a network are now also possible across borders.
Tokens from various platforms can be traded and exchanged at a cheap fee thanks to RenQ's Swap feature.
The main selling point of RenQ Swap is that it is a completely decentralized exchange where trades are carried out automatically by smart contracts unlike the P2P model used on other platforms where a buyer must wait for a seller to execute a trade.
RenQ Finance uses RENQ, an ERC 20 token as its governance and in-platform currency.
The token has seen rising prices in its early stages and signals a great prospect of moving 1000x.
RenQ boasts of a bigger, better, more innovative, and more revolutionary ecosystem. In contrast to the stereotypical model found on Fantom and Polkadot.
Given this fact, investing in the crypto operational on this bigger platform (ie, RENQ token of RenQ Finance) surely has unbeatable investment benefits compared to rival cryptocurrencies like DOT and FTM.
Presale: https://renq.io
Whitepaper: https://renq.io/whitepaper.pdf
Disclaimer: Analytics Insight does not provide financial advice or guidance. 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. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
