Place/Date: – June 4th, 2022 at 9:47 am UTC · 3 min read
Source: Chronoly
Cryptocurrencies are volatile markets that let investors win their fortune in a short time. But, unfortunately, many traders have lost their life earnings in crashes. COSMOS (ATOM) is one of those currencies that initially gained popularity, but investors withdrew their money with time, finding it too risky. Chronoly (CRNO) is the new project which has the potential to overtake COSMOS (ATOM) sooner.
Some Drawbacks with Cosmos (ATOM)
The Cosmos system’s native token is the Cosmos (ATOM) coin. This network calls itself Blockchain 3.0 and aims to connect different blockchains to make transactions faster, cheaper, and more practical. If you are investing in COSMOS (ATOM), you must be familiar with the potential drawbacks you may face with the project.
- When you stake an ATOM on Cosmos, it takes three weeks to retrieve your stake. Aside from that, if one of the validators misbehaves, their total stake is destroyed.
- Newcomers like Chainlink, Avalanche, and Polkadot provide similar services. Aside from these, initiatives like Polygon offer Layer-2 scaling options for DAPPs on Ethereum. Being an open-source network, Polygon may be upgraded to provide the same interoperable features as other blockchains.
- Cosmos enables other blockchains to become interoperable. While this is a great feature, it might be detrimental to the novel token.
Cosmos certainly fared well in 2021, with its value skyrocketing. However, the coin was on a significant bull run last year, and it is currently worth more than 20% less than it was then. Therefore, you must do your research and never invest more money than you can afford to lose.
How Will Chronoly (CRNO) Overtake Cosmos (ATOM)
Chronoly (CRNO) is different from COSMOS (ATOM) in use cases. The project is innovative and based on real utility as it enables users to invest in branded, expensive watches. You don’t need millions to invest in these watches; with the platform’s assistance, you can now invest in fractions as low as $10. The global watch industry surpasses $64 billion, which is untapped in how Chronoly (CRNO) handles them. Chronoly’s marketplace has many rare and collectible watches to tokenise and sell as NFTs. With a few clicks, you may track the performance of your portfolio, receive passive income, or receive daily rewards.
If you seek a reliable platform, Chronoly is the one, as it has passed its initial audit from SolidProof. On Chronoly’s platform, users can trade, redeem, borrow, and verify all in one place. Furthermore, it allows users to stake, gain amazing discounts, and utilise reward pools. In the future, Chronoly (CRNO) is projected to:
- Launch on Uniswap and listing on CoinGecko and CMC.
- Own NFT marketplace launch.
- Building own Metaverse named Chronoverse.
- Launching a buy-back and burn program.
The project is in presale and has grabbed the attention of prominent investors already; and is issuing 125,720,000 CRNO tokens for presale stage 1. During the first presale phase, you may purchase from $100 to $100,000 in a single transaction. During the second presale phase, you will be able to buy between $100 and $250,000. As of today, the token sale has gone to more than 68 million. Further, the token price has also risen from $0.01 to $0.033. Experts predict the price to rise from $0.4 to $1.3 after its release at the end of July.
To find out more about Chronoly visit: Website, Presale, Telegram, Twitter.
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