Place/Date: – November 4th, 2022 at 12:47 pm UTC · 3 min read
Source: Snowfall Protocol
The crypto market is vast, and many experts, traders, and casual investors are glued to the statistics of thousands of tokens to determine which will lead the market.
As of now, it seems like Toncoin (TON) and Theta Network (THETA) are lagging behind Snowfall Protocol (SNW)!
The crypto market has seen deep plunges and even higher booms. This is a sign of a healthy and free market and should not be seen as a problem. Most of the new tokens released attempt to address some challenges in the crypto industry. The most remarkable among the latest launches is the Snowfall Protocol (SNW).
Toncoin (TON) is a project that targets the usage of crypto. The blockchain has claimed that it will be able to process more transactions and address the scalability problem of the crypto networks. Since scalability is a valid concern for all established chains, Toncoin (TON) has received market support for its launches.
Toncoin (TON) is marketed to businesses that will need to process a lot of transactions. However, genuine crypto users who want to stake coins or yield farms will know this has little value over the long term. Compare with the Snowfall Protocol (SNW) to see where it falls short.
Theta Network (THETA)
Theta Network (THETA) is a decentralized video exchange network that uses blockchain to cut down on the cost of streaming videos. The platform will also manage its own decentralized video streaming platform, which is called Theta TV. The Theta Network (THETA) is great in offering the best scalability and has great-quality videos to stream. There is little unique or original that Theta (THETA) has to offer in terms of facilities for users.
Snowfall Protocol (SNW)
Snowfall Protocol (SNW) is a new up-and-coming decentralized finance (DeFi) protocol that offers co-operability between different blockchains. The platform also provides one of the most advanced security for the very minimum transaction fees.
Snowfall Protocol (SNW) offers features for users on a multi-chain level, which means that it is bound to stay relevant for many years. It works as a cross-chain bridge. Such bridges aren’t limited to just cryptocurrency value transfer. An effective cross-chain bridge can also support the exchange of smart contracts and NFTs from one blockchain to another.
Blockchain works as a distributed ledger technology and uses cryptography to offer assurance and integrity to data transfers and other transactions. Blockchain networks support many types of services, like secured databases, uneditable ledgers, decentralized applications, decentralized finance, non-fungible tokens (NFTs), and cryptocurrencies.
Exchanges across different blockchains for cryptocurrency are possible without using a cross-chain bridge, but it is expensive and more time-consuming. Without a cross-chain bridge, users must first convert a crypto coin into a fiat currency, which often involves fees. They then use the currency to get another type of crypto tokens which incurs more fees and takes time.
Among the tokens we mentioned today, Snowfall Protocol (SNW) seems to carry the most potential, partly because it is new, offers the most advanced capabilities, and solves many issues currently challenging the market.
Snowfall Protocol (SNW) successfully sold 95,000,000 coins in stage 1 and is expected to outperform these numbers in Stage 2 which starts on November 2, 2022
Although it’s too late to go back to stage 1, buyers are still able to get in on the stage 2 presale where they should do very well based on expert predictions of over 500X profit potential. Click the links below to learn more now!
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