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2022 has been a rough start for the crypto market. The industry is facing sudden shifts as different governments are trying to regulate crypto coins. Until yet, the economy has experienced two massive waves of the "crypto crash 2022."
Almost every top-listed cryptocurrency is trading in red as investors are reluctant to continue investing from the concern that their assets may decline in value in the short run. This situation is aggregated by the rising inflation rates, post-pandemic crisis, Ukraine-Russia conflict, etc. Major tokens affected by the current condition include Avalanche (AVAX), Bitcoin (BTC), TRON (TRX), and many more.
With that, new projects are also in the development stages. A similar project, Adirize DAO (ADI), is in the presale stage and will launch soon. Let's dive deeper to learn more about the highlighted coins, followed by the new project.
Avalanche (AVAX) is a native cryptocurrency used for primary transactions of the Avalanche Decentralized platform. It is a blockchain network integrated with smart contracts that strengthen the ecosystem. The team aims to address three problems in the crypto market: scalability, security, and decentralization by incorporating the Proof of Stake (PoS) mechanism.
This helps increase the scalability by supporting more transactions and improving the overall quality of the platform through smart contracts. Avalanche offers users an alternative to Ethereum, where congestion on the network has caused transaction fees to become so high that the democracy and openness of the network have been questioned.
One of the cryptocurrencies affected by the crypto crash 2022 is TRON (TRX). It is a native ERC-20 token of the Tron Ecosystem based on the Ethereum Blockchain. The decentralized platform is based on well-written smart contracts. These contracts act as a building block for decentralized Apps (Dapps). Tron (TRX) aims to create a user-friendly platform where global digital content is recorded and connects the users through distributed storage technology.
It is a suitable platform for artists and content creators as it provides various options to create and trade content around the globe. To create a secure network for people, the team has also introduced a bug bounty program where the Tron Foundation rewards users for exposing bugs in the system.
Adirize DAO (ADI) is a new reserve and stable cryptocurrency of the Adirize DAO ecosystem. It is a decentralized platform that aims to play its role in the development of Decentralized Finance (DeFi) and simultaneously address the limitation of this niche. After immense research and analysis, the team has decided to launch a new token, $ADI, which will fulfill the need for a new decentralized protocol in the crypto market.
In real-life application cases, stable coins are pegged by the value of USD, which makes them involatile and resistant to sudden changes. But the problem lies when the coins are still under central control (bank or government).
Hence the Adirize DAO developers are working towards non-pegged stable coins that don't rely on fiat money by introducing a decentralized reserve protocol. This protocol will focus on converting centralized USD pegged assets into reserve assets that are apt not to depreciate. With this mindset, the team has introduced $ADI tokens in the cryptocurrency market.
The team is working hard to incorporate new features like monetary policy tools and Decentralized finance protocols to improve the quality of the project. Let's learn about them in detail.
The $ADI protocol uses two major components of the monetary policy toolkit: staking and bonding. Staking is a vital tool that retains the value of tokens in the open market. This happens when users lock their $ADI tokens with the platform to improve the value and earn profits/incentives. While on the other hand, bonding helps accumulate value in the Adirize ecosystem.
As the coins operate in the open market without pegging onto the value of any other currency, the value of the $ADI tokens depends on the supply and demand forces. But with this volatility, there is a risk-free value (RVF) equal to the value of backed-up assets in the protocol treasury.
The Adirize DAO (ADI) is the governance and utility token of the Adirize ecosystem that aims to cater to the shortcomings of a decentralized system. Hence it introduces a decentralized reserve protocol to provide a different perspective to the crypto industry by decentralizing stable coins through $ADI. The team plans to implement multiple advanced features like monetary policy tools, renting liquidity, and free-floating coins. With these exciting future goals to achieve, this project might become a top-performing token like Avalanche (AVAX) and Tron (TRX) once the crypto crash of 2022 flows away.
Interested in learning more? Here's a link to their website below:
Website: http://adirize.com/
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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.
