As one of many worst crypto winters in historical past rages on, nearly each venture in Web3 is struggling to remain afloat and related. This extends to even the initiatives which were community-favourites resembling Polkadot and Litecoin. But, this isn’t to say that there are not any initiatives within the crypto area which might be doing extremely effectively. Initiatives resembling Golteum have been in a position to not solely climate the storm, however thrive and persistently develop in these market circumstances. Right here’s why!
Polkadot is a relatively new cryptocurrency and blockchain that has rapidly turn out to be a favorite amongst Web3 traders and merchants. The explanation for its speedy progress in reputation is because of the blockchain providing parallel chains, which is an innovation that market main blockchains resembling Bitcoin and Ethereum would not have. The interactivity and pace of Polkadot makes it actually stand out from its rivals.
Nevertheless, even with the advantages provided by the Polkadot blockchain, it has nonetheless been closely impacted by the present market circumstances, with $DOT going from an ATH of $54.98 through the bull run, to a present value of $5.24.
Litecoin is an older altcoin which has all the time been a market favorite because of its actual world utility. It’s one in all solely cryptocurrencies on the planet that’s accepted as a type of fee on numerous fee platforms resembling Venmo and Paypal.
The altcoin has grown steadily all through the years till 2022. Because the crypto winter hits the markets, Litecoin went from an ATH of $410.86 in 2021 to a present worth of $73.16.
Golteum is a brand new venture that has seen unimaginable progress since its inception in late 2022. They’re the primary venture in Web3 that provides gold-backed NFTs which is tradable within the upcoming NFT market. The founding group consists of gold trade professionals which might be licensed and vetted by Certik, the main platform in blockchain cybersecurity. The venture provides traders a possibility to spend money on gold historically, however with a contemporary twist by using blockchain know-how.
Traders are in a position to purchase,promote and commerce gold on their platforms with fractionalized NFTs transparently and in actual time. In fact, they’ll additionally choose to burn the NFTs to redeem the gold, making it a phygital (bodily + digital) merchandise.
Moreover, to assist their mission in launching a top-tier buying and selling platform, they’ve chosen to combine the Fireblocks Web3 Engine. This consists of custody providers, treasury administration, danger mitigation instruments, and their extremely anticipated tokenization mechanism for the dealing with of all gold NFTs
It’s due to the distinctive and unparalleled advantages that Golteum has an awesome potential to be a blue chip possibility. In reality, even throughout these market circumstances, the worth of GLTM tokens have skyrocketed by 85%, going from $0.07 to $0.13. Moreover, to offer much more worth to new traders, the protocol has opted to supply new traders a restricted time low cost of 20% off on all tokens through the 2nd pre-sale, making it an awesome level of entry into this subsequent blue chip!
Layer-2 Blockchain, Alt-Cash or Gold-Backed Web3 Protocol?
With the stiffness in competitors of layer-2 blockchains and their numerous utilities, coupled with the large unknown in Alt-Cash. Golteum stays a dependable possibility which promotes safety, transparency and most significantly, having gold reserves to again up their NFTs and their market.
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Web site: https://www.golteum.io