AvalancheFomo Launches, To Provide Financial Freedom Amidst Crisis

Over the past three years, Decentralized Applications ( or simply dApps) have been regularly heard in the crypto space. For starters, dApp refers to a blockchain-based application that leverages its resources and runs on a decentralized network.

Central points of failure usually do not exist in DApps. They do, though, have an open-source code and work with a decentralized consensus mechanism. All the while, the downtimes of these decentralized applications are nil. They are resistant to interventions by individuals, corporations, or governments because they do not possess any central authority.

ROI dApps have been gaining investor attention lately. These types of dApps promise a return on investment that users may withdraw at any time from the smart contract. Among these emerging ROI dApps is AvalancheFomo.

What is AvalancheFomo?

AvalancheFomo is a hybrid ROI dApp project native to the Avalanche Network. Its developers opted for Avalanche due to the network’s larger audience, cheaper transaction fees, and mature investors. The developers deemed it beneficial for the investors to choose Avalanche’s community-driven network since ROI dApps are commonly a high-risk investment.

The project aims to provide a means for investors to have financial and time freedom without the influence of economic crises. By tapping into the bear crypto market, AvalancheFomo positions itself to become one of the most internationally sought-after ROI dApps.

The AvalancheFomo contract has been initiated on the 21st of March, 2022.

AvalancheFomo Features

AvalancheFomo boasts key features that separate it from other ROI dApps. These include:

• No maximum capped amount. Meaning, investors can deposit any amount above 0.1 AVAX.
• 5-10% withdrawal fee which is reinvested into the contract to sustain it.
• Investors can get a 112% to 564.8% return on investment in 14 to 28 days (from 8% to 20% daily.)
• Users who do not make a withdrawal every day, will get an extra bonus call hold bonus. This allows investors to get more profit (hold-bonus adds 0.1% per day, the max is 1.5%).
• Referral bonuses will be automatically sent in wallets.
• The platform has a reliable calculator that enables users to calculate profits.
• Investors get earnings often and can withdraw at any time if they use capitalization of interest. They can only withdraw, however, after each Investment Plan deposit.
• Access to two tariff plans with different periods and percentages of profitability.

How to invest at AvalancheFomo?

Potential investors should have either the Metamask or Trustwallet applications. To connect the Metamask wallet, users should follow these steps:

1. Open the Metamask browser extension. This can be done by clicking the top right corner of the browser.
2. Access the settings by clicking on the user account logo found at the top right of the Metamask app.
3. After getting the list of different settings, click on the “network” tab. Then click on the “add network” button.
4. MetaMask will require several pieces of information such as Network Name, New RPC URL, ChainID, Symbol, and Block Explorer URL. The information needed to be entered to add the Avalanche Network is provided in their official website.
5. After entering the network details, click on the current network and proceed to Fantom Opera Mainnet. This connects the MetaMask wallet.

Investing at AvalancheFomo is foolproof. Users must start by visiting https://avalanchefomo.app/  and comply with the following steps:

1. First, users must decide how much funds they wish to invest. They should keep an eye out for the current value of all tokens involved.
2. Once the amount has been decided, users should check whether the amount for the investment is sufficient or not, considering the gas fees.
3. Investors are advised to use the profit calculator provided by AvalancheFomo. The profit calculator gives an almost accurate idea about the ROI that you will receive at the end of the tenor.
4. Finally, when the funds are ready, click on the “Stake AVAX” button on the website to begin the deposit process.

DApps are completely free from any intermediaries by implementing the principle of smart contracts. P2P systems like these ensure decentralized systems continue to work despite network halts from significant parts. AvalancheFomo and other ROI dApps give the opportunity for investors to maximize their profits while providing incentives to a newer class of crypto enthusiasts and investors to expand the network.

Disclaimer: CoinQuora does not, and will officially not endorse any company or individual on this sponsored article. Any information published in this sponsored article does not equal financial advice. We encourage everyone to do their own research before investing in cryptocurrencies.