Due to inflation and issues in most economies, no one wants to hold on to their cash anymore. For this reason, people are shifting towards investing, be it in bonds, stocks, real estate, and cryptocurrencies.
Though we will not be focusing on BTC and ETH, we are here to give you a glimpse of what you may miss out on, like the chance of Quitriam Finance at a very low price. If you want to make huge gains in the crypto space, you do not need to earn millions by trading digital currencies. You simply need to select cryptocurrencies with special and pioneering characteristics by investing your money in a presale. A new token that is in its presale stage is Quitriam Finance (QTM).
One thing about whales in the cryptocurrency financial markets is their ability to stay ahead of everyone and bet on a project when it is still new. Zhu Su, the CEO of a Singaporean cryptocurrency hedge fund, Three Arrows Capital, has been one of the biggest participants in the crypto community and was known to be among the earliest adopters of Avalanche (AVAX), Near Protocol (NEAR), and Terra (LUNA).
The above coins were known to be among the top performers from Q4 to Q1 due to their scalability, low latency, lower gas charges, and vibrant community. Looking at the long-term prospects of NEAR, AVAX, and QTM, which will be covered here, it is hard not to want to delve into it while in presale.
Near Protocol (NEAR)
While the coin is considered a highly undervalued layer 1 project, it just raised about $350 million in its newest funding round. Since its mainnet launch in October 2020, NEAR has concentrated on speeding up decentralisation within its ecosystem and creating a user-friendly infrastructure for creators and developers alike. The emphasis on the robust multi-chain network has allowed projects to be built on its blockchains, such as Aurora, Octopus Network, and Allbridge.
It is considered one-of-a-kind because it happens to be the first decentralised platform to tackle the challenges of “usability, scalability, and security.” Also, the mechanism with which the token functions makes it a unique digital asset that stores data, helps in the determination of allocation of network resources, and its future technical function in governance processes.
Its staggering rise of about 40% in the current market conditions shows its relative strength to the cryptocurrency market adversity.
In Q4, AVAX was thought to be competing with SOLANA (SOL) as an “Ethereum killa”. Currently sitting at a market cap of more than $20 billion, AVAX is the tenth biggest cryptocurrency by market capitalisation. At the end of the fourth quarter 2021, it was estimated to have performed 475k transactions per day, which bears the evidence of its meteoric growth.
When AVAX was compared to Cosmos (ATOM) and Polkadot (DOT), the other leading layer 1 tokens, it was concluded that the AVAX platform was more heterogeneous and capable of more than 4500 transactions per second compared to ATOM’s 1000 transactions per second or DOT‘s 1500 transactions per second.
The increasing concerns about climate change don’t affect the Avalanche ecosystem because it is eco-friendly and has the ability of interoperability between networks with ease.
Quitriam Finance (QTM)
QTM is an upcoming DAO (Decentralised Autonomous Organisation) structured project striving for a multi-chained, scalable and decentralised protocol
This project aims to be the leading peer-to-peer exchange that emphasises its decentralisation priority among users with the least latency possible and on multiple network chains, thereby making it a potentially better option than any other decentralised platform like UniSwap.
Due to low volume levels, low efficiency, and the difficulty in multi-chain transactions, full decentralisation is made a difficult task, but Quitriam Finance’s main objectives are to offer a range of opportunities that enable user’s exposure to better projects such as the NFT launchpad that encourages collaboration with other platforms and NFT transactions.
Unlike Ethereum-based exchanges, it targets a good speed of more than 50,000 transactions per second at the lowest cost. This is a huge feat in the crypto space and quite revolutionary. With the launch of its own DEX, QuitriamSwap, for exchanges and its native stablecoin, MithrilCoin (MC), it will give the users autonomy in decision-making regarding the platform’s performance.
Quitriam Finance is currently running its first presale that ends on the 9th of May 2022 at a discounted price of $0.000014 per token at the time this article was written. A look at the chart shows a step graph indicating the continuous rise of the price of this token.
Features of Quitriam Finance
QTM will offer intriguing features such as:
- A lending and savings platform wherein depositors get to earn some interests on their pooled virtual assets.
- A governance token known as MC will confer the voting power of its holders over specific economic parameters like deflation, interest rate, and inflation levels.
- A reputation protocol that weighs the voting power of the MC token holders adequately to specific, measurable metrics.
- An increase in the chances of MC token holders to benefit from diverse monetary incentive schemes.
- Like Bitcoin, Quitriam enables its users to trade more securely and safely, making use of peer-to-peer connections with liquidity being supplied by all other users.
Find out more about Quitriam Finance:
Keywords: Avalanche, AVAX, Quitriam Finance, QTM, Near Protocol, NEAR, Polkadot, DOT