Here's Why Rocketize Is Trumping Polkadot And Filecoin In Crypto Popularity Charts | Bitcoinist.com – Bitcoinist
Cryptocurrencies have fought investors’ inhibition and misinformation for years before they became a part of the mainstream financial services industry. Today, they are being considered among the most profitable investment instruments all thanks to a unique use case, their next-generation technological framework, their push for data privacy, and rallying returns.
For rookie investors who are confused about choosing between popular names like Rocketize (JATO), Polkadot (DOT), and Filecoin (FIL), a simple strategy is to start with research. Consult crypto learning resources, compare your options and then invest. To help you get started, here’s a review of the three cryptocurrencies.
Rocketize is a meme coin that has been inspired by the idea of an ‘atomic nation’ and aims to contribute to the development of decentralized finance through its investor-friendly mechanism. Built on the Binance Smart Chain, the meme coin has rolled out a native token called JATO that can be used for all kinds of transactional purposes like staking, earning rewards, paying fees, and buying NFTs, among other use cases.
The total supply of the token has been fixed at 1,000,000,000,000 and interested buyers will be able to purchase them on presale.
What’s more, is that the platform offers its buyers attractive discounts on purchases. These rewards will depend on factors like the kind of cryptocurrency used, the amount spent on the transaction, the stage of the presale, the buyer’s referrals, and how soon after signing up the transaction occurs. Let’s explain this with an example: if you are a BNB/BSC user and want to purchase JATO Tokens, you will get 12% extra tokens as a reward. Now, if the buyer refers someone to the platform, for every $100 each of them spends on buying JATO Tokens, they will get tokens worth $40 for free as a bonus.
A rather unique factor about the JATO Token is that it is built on a deflationary model wherein these tokens are burned regularly to ensure that their supply remains scarce. A limited supply enables the platform to curb price fluctuations and keep the value of the token stable. Users should know that each transaction in terms of the JATO Token will be taxed at the rate of 2%. Those who have an active wallet on the platform will receive half of the tax as a credit. The remaining quantum of tokens is burned to ensure that the token’s supply is limited.
As far as governance goes, the platform leverages the decentralized autonomous organizations pattern wherein each stakeholder gets to present their views. The platform uses voting rights to encourage its token holders to vote for proposals pitched by other community members. These proposals are concerned with operational issues like strategic partnerships, new product launches, and liquidity pool acquisition.
Polkadot is an interoperable ecosystem of specialized blockchains called parachains which facilitate hassle-free communication between dApps and services across blockchain networks. It has a native token DOT which is the primary cryptocurrency for the platform. In a recent development, Polkadot announced the new edition of the ‘Polkadot Dev Camp’ which is an educational programme for developers interested in learning about the network. Under the programme, participants would learn to build with blockchain framework Substrate and contribute to the Polkadot developer ecosystem. The programme has limited seats and the last date to apply is October 23.
Filecoin is a cloud-based and open-source marketplace for storing and retrieving data. It also serves as an incentive layer and blockchain protocol. Its native token FIL can be used for all transactional purposes like staking on the network. The platform combines IPFS which is a distributed network protocol to offer a secure network free of any kind of corporate control. The recent Messari State of Filecoin report claimed that the FIL Token clocked an uptick in its usage in the third quarter of 2022. The report further said the development came in the wake of an 82% increase in active storage deals.
The above-mentioned features of the three cryptocurrencies elucidate why they have been investors’ favorites and recorded a continuous surge in their prices. However, when it comes to long-term growth potential, many cryptocurrency analysts believe that Rocketize has a clear edge given its unique use case and cutting-edge code architecture. Of the analysts who have reviewed the cryptocurrency, many see it potentially hitting the 100x returns mark in no time.
Rocketize Token (JATO)
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
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