2 CRYPTO COINS THAT YOU SHOULD BUY IN 2022: VERTOCHAIN (VERT) AND NEAR PROTOCOL (NEAR)
No industry worldwide can be safeguarded when it suffers losses of more than two trillion dollars. In summer 2022, a crypto crash rattled the cryptocurrency industry to its core. Since Bitcoin’s emergence in 2009, the volatile market has had more than its fair share of ups and downs. However, no one could’ve envisioned such a drastic change taking place in a few weeks. Although we can’t determine if and when a recovery will materialize, we can look into different cryptocurrencies to gauge the current position of the market.
NEAR Protocol (NEAR)
NEAR Protocol (NEAR) is the 24th placed cryptocurrency in the rankings, with a token price of 4.4 dollars and a market cap of 4.4 billion; both figures have increased 4.3% in the last day. In the same period, the volume of NEAR tokens traded are 234 million, decreasing 16% in twenty-four hours.
Beyond the figures, the facts of NEAR are that it’s a layer-one blockchain developed as a community-operated cloud computing platform. NEAR removes some restrictions that have hindered other blockchains, notably slow transaction speeds, low throughput, and below-par interoperability.
NEAR is the ideal setting for dApps and boasts a developer and user-friendly environment. For instance, unlike the cryptographic wallet addresses used by Ethereum, NEAR Protocol (NEAR) employs human-readable account names. The project also introduces a novel solution for scaling issues and has its consensus protocol called “Doomslug.”
The project is spearheaded by the NEAR Collective and their goal is to establish a secure and effective platform for monitoring high-value assets. Flux, a protocol where developers can create asset-based markets, and Mint, a Non-Fungible Token (NFT) minting platform are some of the projects being built on NEAR Protocol.
We know that decentralized finance (DeFi) is one of the cornerstones of cryptocurrency. However, like blockchain and every other technology implemented in cryptocurrency, DeFi is not without its shortcomings.
The VertoChain (VERT) team is well aware of these issues, and they’ve created an ecosystem that rectifies them. VERT is built using Binance Smart Chain (BSC) and uses a proof-of-stake authority for quick and effective verification of transactions.
Since the PoS speeds up the process, there is less congestion on the network, which means transactions can be processed faster and at lower costs. The fees on the VertoChain platform are up to thirty-five times cheaper than BSC.
Additionally, Binance Smart Chain is a smart contract, programmable network that links with and is interoperable with Ethereum Virtual Machine (EVM) blockchains like Avalanche. Interoperability makes it much easier for users to transfer their digital assets across blockchains.
The term VertoChain is also its mission statement and what it represents. The term is made up of Verto, which is Latin for swap, and the English word chain, which is truncated from the blockchain. VertoChain (VERT) enables users to carry out peer-to-peer (P2P) trading; they can exchange assets across five blockchains, namely Ethereum, Binance Smart Chain, Solana, Avalanche, and Tezos.
In terms of features, VERT boasts multichain farming, liquidity pools, and yield farming, all of which are available at low-cost rates. Users have governance rights; they can vote in favor of or against any platform-related changes in the pipeline.
Ultimately, the reason VertoChain exists is to enhance the user experience and allow them to connect different blockchains and accelerate the adoption of cryptocurrency assets worldwide. The team behind VERT believes that minimal swapping transaction fees will serve as an enticing incentive for users to sign up for VertoChain (VERT).
If VertoChain has piqued your interest, you should invest in the token during its presale phase. Stage 1 of presale will give you a 7% bonus, stage 2 has a 5% bonus, and stage 3 has a 3% bonus. In addition, putting in 500 dollars will give you a 9% bonus, and if you can increase your investment to 1000 dollars, you’ll get a handsome 20% bonus!