While the last few years have seen some projects have their time in the sun (or on the moon), projects that represent the next phase of the industry are just starting to take off. Cosmos (ATOM) and Tezos (XTZ) are two examples of the former, while Chronoly.io CRNO is an example of the latter.
Simply put, the crypto market is starting to move away from speculative assets and toward utility. This means that digital assets backed by real-world use cases are becoming more and more popular. Chronoly.io’s CRNO token is one such asset, which is why users of Cosmos (ATOM) and Tezos (XTZ) are taking notice.
Who can blame them when you see the price of CRNO increasing by 660% in the last few months of pre-sale? As the world starts to move away from traditional financial systems and towards digital assets, Chronoly.io (CRNO) is positioning itself as a leader in this new space.
The Cosmos (ATOM) project was created with the aim of making it easier for different blockchains to interact with each other. This is done by using a hub and spoke model, where the hub is the Cosmos Hub and the spokes are connected blockchains.
ATOM is the native token of the Cosmos network and is used to incentivize validators on the network. It’s also used to pay transaction fees, staking rewards, and governance votes.
In a world where blockchains are becoming more and more interconnected, the Cosmos network is poised to play a pivotal role. However, it could be some time before the network reaches mass adoption and the price of ATOM is starting to reflect this – down 80% in the last 10 months.
Tezos (XTZ) is a smart contract platform that uses a unique consensus algorithm called Liquid Proof-of-Stake. This means that users can stake their tokens to help secure the network and earn rewards.
The Tezos protocol also has built-in mechanisms for upgrading itself, which means it can evolve over time without the need for hard forks. XTZ is the native token of the Tezos network and is used to pay transaction fees and staking rewards.
Tezos (XTZ) has been one of the more popular smart contract platforms in recent years and its price has reflected this. However, like most crypto assets, it’s still very much in a speculative stage and it remains to be seen if it will reach mass adoption. A price decline of over 80% in the last year has shown that the market is still uncertain about Tezos’ future.
Chronoly (CRNO) tokens
Chronoly.io is a blockchain marketplace where investors can buy and sell fractional shares of luxury timepieces. This is made possible through NFTs (non-fungible tokens) that represent ownership of these assets.
But unlike ordinary NFTs, these NFTs are backed by real watches that are kept in Chronoly’s depositary vault. Plus, with metadata for each watch stored on the blockchain, there is a clear and immutable record of ownership.
This means investors can now own a piece of luxury that was once out of reach. Owners can even proudly wear their NFT watch while playing metaverse games that partner with the Chronoly.io platform.
The CRNO token is used to power the Chronoly.io platform, buy and sell watches, as well as pay for other services on the platform. It went on presale on May 4th, 2022 at a price of $0.01 and is already trading at $0.06 today.
For more information about Chronoly.io Presale:
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