Not sure about Bitcoin? Try these options – Adirize DAO, TRON and Ethereum
The crypto market came to life with the invention of Bitcoin in 2009. Thanks to BTC, we all have a chance to bring the idea of a decentralized economy free from government and corporate control to reality.
However, crypto daddy BTC has been in the headlines for a number of reasons, most of them primarily as a result of the coin’s downward spiral from an all-time high value of $69,000 per unit to now trading for just under $20,000.
BTC’s dominance over the crypto market is waning, and some may identify its little mishap as a crypto market crash, but don’t be swayed. Yes, Bitcoin (BTC) remains the largest and largest cryptocurrency by market capitalization; regardless of its unfortunate spell in recent months, other crypto projects have begun to rear their heads, all aiming for a shot at the crown. These crypto projects are called altcoins.
Since the early beginnings of cryptocurrencies, when there were only a few cryptoassets in circulation, the concept of an “altcoin” has changed. An alternative cryptocurrency was defined at the time as one that was not Bitcoin (BTC).
The scope of crypto assets has expanded significantly in recent years. While they share Bitcoin’s goal of becoming the world’s first global decentralized transaction system, many currencies and tokens have goals beyond simply serving as a medium of commerce.
We’re going to look at three altcoin alternatives to Bitcoin (BTC), where you can store your assets. They include Adirize DAO (ADI), Tron (TRX) and Ethereum (ETH).
Adirize DAO (ADI) – A mission against Fiat
Adirize DAO (ADI) is a stablecoin. Stablecoins, or “stable cryptocurrencies,” are digital currencies pegged to “stable” fiat money, such as the US dollar or other security. They attempt to eliminate the price fluctuations common with cryptocurrency and provide a stable, predetermined value.
The key phrase in this definition is “anchored to.” Many stablecoins on the market are tied to fiat money, as the definition correctly states, but does this not defeat the purpose of decentralization in the economy? Isn’t the purpose of cryptocurrency to wage war against fiat? Adirize DAO (ADI) competitors USDT and USDC appear to be swaying from the field.
Adirize DAO (ADI) is on the right track and is set to develop the ADI token without the support of a fiat currency reserve, but rather be a stable algorithmic token backed by digital assets that Adirize DAO owns. Staying away from fiat currencies immunizes ADI tokens against inflation and the unpredictability of the US dollar or other leading fiscal units out there.
Planned as part of the Adirize DAO ecosystem, a stable coin called ADI will be used for regular transactions; this plan describes the details:
They want to achieve this without resorting to conventional pegs, which historically have helped maintain price stability. But if the dynamics of supply and demand determine the value of a currency, how can that currency be kept stable? The development team also has a solution to this problem.
The value of ADI tokens will not be tied to fiat currency, but rather backed by a reserve of crypto assets owned by the protocol. As a result, the Adirize ecosystem will establish a supply of digital assets that will control liquidity in the market, eliminating the need to rent liquidity from third parties.
ADI tokens are available as the pre-sale has started. Users can reap the benefits of this ecosystem right away from getting a 7% bonus in stage 1 o pre-sale and a whopping 45% bonus on purchases made within the first 25 minutes of registration.
TRON (TRX) – Rising Star
TRON (TRX) is a distributed ledger that can be used to build decentralized apps and distribute digital files. Total value locked (TVL), or the amount of money stored in decentralized finance, is also strong for TRX.
The value of all cryptoassets staked, lent or held in a liquidity pool is known as the total cryptoasset value (TVL) in a decentralized finance (DeFi) system.
The bigger the TVL, the more used the protocol and the more successful the coin. According to the most up-to-date information on the Tron ecosystem, the TVL has clocked as high as 5.7 billion, setting the network on its way to glory.
Ethereum (ETH) – Prime Challenger for The Crown
Ethereum (ETH) is the largest altcoin by market capitalization, holding roughly 20% of the total market cap of around $1 trillion of the more than 20,000 cryptoassets available today.
Unlike Bitcoin (BTC), which is generally considered to be nothing more than “decentralized money”, Ethereum (ETH) is a distributed computer network that allows users to use the shared ledger to run decentralized applications (dApps) and manage smart contracts.
The network already hosts many other projects, and with each passing day, it improves its range of applications across different sectors of the DeFi system.
Other options apart from Bitcoin (BTC) can give you as much success as you want and even more. These three projects have potential and you should add them to your watchlist.
For more information on Adirize DAO (ADI), go to:
Advance sales: http://join.adirize.com/register
Website: https://adirize.com/
Telegram:
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