It's no secret that the crypto market has been in a bit of a slump lately. However, there are still some crypto assets that are holding their own and even seeing gains. Chiliz, NEAR, and Toon Finance are three such assets that have proved to be unbeatable during this bear market. Let's take a closer look at each one.
Chiliz is a cryptocurrency that is used to power the fan-centric social platform Socios.com. It allows fans to vote on club decisions, participate in surveys and polls, and earn rewards. The team behind Chiliz has partnerships with some of the biggest names in sports, including FC Barcelona, Juventus, AS Roma, and Paris Saint-Germain. Thanks to these partnerships, Chiliz has seen a lot of success despite the bear market. In fact, it was ranked as the 5th most successful ICO of 2019.
At its core, Chiliz is attempting to tokenize the $620 billion sports industry by giving fans a way to directly engage with their favorite teams and clubs. In an interview with Forbes, Chiliz CEO Alexandre Dreyfus said that the company's ultimate goal is to "build a fan-managed sports ecosystem." If successful, Chiliz could upend the traditional sports landscape and give rise to a new era of fan-owned franchises.
So how does Chiliz plan to tokenize the sports industry? The key is Socios.com, a fan engagement platform that allows fans to vote on club decisions, participate in polls and surveys, and earn rewards. Fans can purchase $CHZ tokens through the Socios app and use them to vote on things like team colors or mascot name changes.
The more $CHZ tokens a fan holds, the more voting power they have. This gives fans a direct say in how their favorite team is run while also giving them an incentive to continue holding onto their tokens (since they'll become more valuable as the team becomes more successful). In addition, teams can use $CHZ tokens to offer exclusive benefits and experiences to their most loyal fans.
To date, Chiliz has secured partnerships with some of the biggest names in sports, including FC Barcelona, Juventus, AS Roma, Manchester City, Atletico Madrid, and Paris Saint-Germain. These partnerships have helped Chiliz weather the crypto winter better than most other projects in the space. In fact, it was ranked as the 5th most successful ICO of 2019 by ICORating.
With its partnerships with major sporting clubs and its innovative approach to fan engagement, Chiliz is well positioned to tokenize the $620 billion sports industry. If successful, Chiliz could upend the raditional sports landscape and give rise to a new era of fan-owned franchises. For now, though, it remains to be seen if Chiliz can live up to its promise.
In the world of cryptocurrency, there are many different platforms that purport to be the next big thing. However, few of these projects have managed to live up to the hype. NEAR is one of the exceptions. This up-and-coming blockchain protocol is designed to be scalable, developer-friendly, and secure. It powers the development of decentralized applications (dapps).
NEAR has seen adoption by some big names in the crypto space, including Binance Labs, Ethereum Foundation, and A16zcrypto. NEAR has also partnered with Microsoft Azure to offer easy access to cloud-based blockchain services. These partnerships have helped NEAR weather the storm of the bear market and emerge as a strong project. Let's take a closer look at how NEAR is changing the game when it comes to blockchain technology.
NEAR uses sharding techniques to horizontal scale compute resources across many nodes in their network. Their consensus algorithm, called "nightshade" uses proof-of-stake (PoS), which allows for more energy efficiency compared to proof-of-work consensus mechanisms. Additionally, nightshade provides finality after just 2 minutes since block creation without sacrificing decentralization or security guarantees. Lastly, nightshade also enables cross-shard atomic transfers so one can send tokens across shards instantly without requiring first to convert them into another currencies like BTC or ETH. because nightshade doesn't require a lot of energy to run like POW consensus algorithms do this helps make near more environmentally friendly then some other protocols.
One big advantage that Near has over older protocols is its developer on boarding process which only takes around 5 minutes from start to finish thanks in large part because they use JavaScript and web assembly which most developers are already familiar with rather than having developers learn a new language like solidity which is what Ethereum developers primarily use.
Secondly Near also offers Edit-Deploy-Debug tools right in the browser so developers can code dApps without even having to leave their browser window which greatly reduces development time and makes the whole experience much more user friendly then some other IDEs like truffle which can be very intimidating for newer developers.
Lastly Near also uses a "client given" security model which basically means that users rather than miners or stakers are responsible for keeping their own keys safe which gives users more control over their crypto then older protocols like Bitcoin or Ethereum.
There's a lot to like about NEAR. This protocol has managed to gain adoption from some big names in the space despite being a relative newcomer on the scene. Thanks to its focus on scalability, security, and ease of use, NEAR is well positioned to provide a viable alternative to existing blockchain protocols. If you're looking for a project with real potential, keep an eye on NEAR.
Toon Finance is a protocol that enables users to mint, buy, sell, and exchange NFTs on the Ethereum blockchain. Their mission is to create an ecosystem where people can easily connect with creators and collaborate on projects. Toon Finance was founded by a team of experienced entrepreneurs, developers, and designers who are passionate about blockchain technology and its potential to revolutionize the creative industry.
An NFT is a non-fungible token that represents a unique asset on the Ethereum blockchain. Unlike Bitcoin or other cryptocurrencies, which are interchangeable and can be divided into smaller units, NFTs are each unique and cannot be divided. This makes them well-suited for representing digital art, collectibles, or other items that are not easily replicated.
The airdrop will take place over two rounds. In Round 1, 10% of the total supply of NFTs will be distributed proportionately to all participants who have contributed at least 0.1 ETH to the Toon Finance ICO. In Round 2, 5% of the total supply will be distributed proportionately to all participants who have contributed at least 0.1 ETH and have held their TOON tokens for at least 30 days prior to Round 2 beginning. The airdrop will happen automatically; there's no need to do anything else once you've contributed to the ICO or held your TOON tokens for 30 days.
Don't miss your chance to participate in Toon Finance's exciting NFT airdrop! There's still plenty of time to contribute to their ICO or hold your TOON tokens for 30 days (if you want to participate in both rounds). But act fast—after the presale ends, any unclaimed tokens will be burned! Visit their website today to learn more about how you can take part in this incredible opportunity.
Toon Finance has a successful stage 1 ICO presale, and with the airdrop to all their holders, this project has yet to scratch the surface of their potential. Their focus on creating a truly decentralized protocol coupled with an amazing community with 24k members strong, they are the most to be the number 1 pick!
Toon Finance's potential lies in their focus on creating a truly decentralized protocol. This means that there is no central authority controlling the network. Instead, it is run by the community of users who hold TFT tokens. This gives Toon Finance a level of decentralization that is not seen in other protocols such as Chiliz & NEAR.
In addition, Toon Finance has an active and engaged community. There are currently over 24,000 members in their Telegram group. This kind of community support is essential for a project to succeed. The Toon Finance team is also very accessible and responds quickly to questions and concerns raised by the community.
Lastly, Toon Finance's tokenomics are very attractive for investors. The total supply of TOON tokens is fixed at 1 billion. This token distribution ensures that there is enough liquidity for TOON to trade on exchanges and that the team will have enough tokens to drive adoption of the protocol.
Between Chiliz, NEAR & Toon Finance, our vote would definitely go to Toon Finance! They have yet to scratch the surface of their potential and we believe they have what it takes to become the most successful protocols in space. Thanks for reading!
Website: https://toon.finance/
Presale: https://buy.toon.finance/
Twitter: https://twitter.com/ToonSwapFinance
Telegram: https://t.me/ToonSwapFinance
CoinMarketCap: https://coinmarketcap.com/currencies/toon-finance/
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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.