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RCO Finance (RCOF) has impressed crypto enthusiasts by integrating artificial intelligence into its trading and investment platform. The protocol’s application of AI makes experts consider it a viable competitor to Ethereum DeFi giants Uniswap (UNI) and Aave (AAVE).
How does RCO FInance’s crypto AI innovation position it as the next big Ethereum DeFi protocol? Let’s find out!
RCO Finance’s robo advisor is an AI-based feature that utilizes complex algorithms and machine learning techniques to analyze market trends, identify profitable opportunities, and make actionable suggestions.
The robo advisor is integrated with RCO Finance’s decentralized trading platform. The platform allows users to trade real-world assets (RWAs), such as bonds, stocks, commodities, ETFs, real estate, etc, with their crypto.
The crypto AI advisor helps traders choose the right asset to invest in at the right time. It also helps improve profitability, reduces the time spent watching the market, and decreases the effect of human bias and errors on trading.
In addition to the crypto AI advisor and trading platform, RCO Finance offers a debit card that allows the holder to complete transactions across decentralized and traditional financial spaces. The card can also be used to convert crypto to fiat currency.
Furthermore, users can trade decentralized derivatives like options, futures, and swaps on a secure platform. They can also lend their crypto assets and earn passive income. Traders can provide liquidity to the various liquidity pairs on the platform or assist RCO Finance in discharging its automated market maker duties on exchanges and earning rewards.
Finally, a no-KYC policy protects users’ privacy and anonymity. Meanwhile, SolidProof has audited the smart contracts that power the protocol, ensuring their reliability and security. Uniswap Loses 20% In one month.
Uniswap is one of the foremost decentralized exchanges (DEXs). Like RCO Finance, it uses smart contracts to facilitate the exchange/trade of crypto assets. However, unlike RCO Finance, Uniswap must sufficiently integrate artificial intelligence with its services.
RCO Finance, Uniswap must sufficiently integrate artificial intelligence with its services.
This means traders on the DEX spend long hours monitoring the markets before executing a trade. And despite the time spent watching the market, their decisions can still be colored by bias and emotions.
Additionally, UNI, DEX's native token, is experiencing a slump. Due to unfavorable market conditions, the token has lost 20% in the past 30 days. Analysts say UNI could fall further to $6.40 in the coming months.
Aave is a non-custodial liquidity market that allows users to exchange, lend, and borrow crypto assets. Although it plays an important role in DeFi, Aave has yet to catch on to the AI revolution led by RCO Finance.
Users must rely solely on understanding the market to choose the assets with the highest yields.
Although Aave is currently in the green on all charts, this could change as RCO Finance mounts a strong challenge to its lending protocol with the advantage of its AI robo advisor.
Analysts say this could slow AAVE price growth, leading to a modest rise to $110 in the coming months.
RCOF is RCO Finance’s native token. It has a total supply of 800 million, with 50% allocated to public sale. Ecosystem development and liquidity/market-making get 20% and 12%, respectively.
Marketing and private sales receive 5% each, while the team and advisors get 4% and 2%, respectively. The last 2% goes to ecosystem rewards.
RCOF’s presale surge is another avenue through which RCO Finance is challenging other Ethereum DeFi protocols. The token will pump by 1,066% from $0.0343 in Stage 2 to $0.40 at launch, more than UNI and AAVE have been predicted to gain within the same period.
Token holders will also enjoy a significant discount on trading fees and voting rights on governance proposals. They can also stake RCOF to earn up to 88% APY. Additionally, RCOF holders receive a share of the platform’s revenues as dividends.
Therefore, RCO Finance’s crypto AI revolution, staggering presale profits, and other perks make it a viable Ethereum DeFi alternative.
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