Cryptocurrencies have become significantly more accessible for the average individual with their recent spike in popularity. Several organisations now allow investors to buy and sell cryptocurrencies at the snap of a finger. Many of the largest cryptocurrency exchanges have made the procedure more user-friendly than ever before.
Exchange coins are digital assets issued by crypto exchanges. They are a substantial element of the crypto business, with a sector dominance of almost 6% and a market capitalization of roughly $116 billion. Historically, exchange tokens have seen dramatic pumps and their popularity earmarks exchange coins for a potentially bullish future. Here are two exchange tokens to consider adding to your portfolio in 2022: Sanzooz Finance Token (SZFT) and Cronos (CRO).
CRONOS (CRO) – A RETURN?
Cronos (CRO) was not among the best movers in 2021, but it did experience significant growth. CRO increased by more than 850% and closed the year as the 21st largest cryptocurrency by market cap. Cronos (CRO) is the Crypto.com exchange’s utility token. CRO can be used to pay platform fees and also staked to qualify for certain advantages. It grew significantly last year, thanks in part to Crypto.com’s strong promotional efforts. CRO was previously known as the Crypto.org coin until being renamed Cronos in February of this year.
CRO is more than just a utility coin on a prominent cryptocurrency exchange. Crypto.com aspires to be a player in the burgeoning decentralized finance, Web 3, and other blockchain sectors. Cronos, according to DeFi Llama, is among the top ten blockchains in terms of total value locked (TVL), with a TVL of over $2 billion.
As with many cryptocurrencies, 2022 has not been a pleasant year for the coin. Cronos (CRO) recently plummeted drastically after the firm stated it would discontinue certain staking payouts. It has since reversed its decision and rather decreased the rewards rates.
CRO has dropped by 60% this year, owing in part to adjustments in its compensation structure.
Cronos (CRO) will be seen all over the world in the coming year as a result of the company’s acquisition of the official rights to be the principal sponsor of the Fifa World Cup, which will be held in Qatar this winter. This sponsorship partnership adds to CRO’s outstanding history of collaborations with organisations such as the American NBA, Serie A (Italian Premier League), and Formula One.
Sanzooz Network Token (SZFT) – Risks Assessed for You!
Sanzooz Finance Token (SZFT) is a decentralised asset issuance protocol built on the Ethereum blockchain. Sanzooz Finance will make it easier to trade fiat, cryptocurrencies (both long and short), and other commodities. Sanzooz Finance Token (SZFT) holders are rewarded for staking their tokens by receiving a pro-rata portion of fees earned by activity on the Sanzooz Exchange based on their network contribution. Sanzooz has proposed a method that will allow trades to be executed easily and with far more possibilities than the existing DeFi market provides.
Sanzooz has carefully considered the potential hazards and developed a risk mitigation approach to protect the investors’ assets. The eventual governance structure will be decentralised and controlled by several subDAOs under the core Sanzooz DAO as a decentralised platform. Each DAO will have its operational region, and each governing body member will ultimately make the best judgments for the protocol.
Trading on Sanzooz Exchange will provide various advantages over centralised and order book-based decentralised exchanges. Due to the lack of an order book, all trades will be completed directly against the contract, a practice known as peer-to-peer trading.
Assets will be assigned an exchange rate and converted using the Sanzooz Exchange dApp based on price feeds provided by an oracle. This results in infinite liquidity up to the collateral value of the system, zero slippage, and permissionless on-chain trading.
Exchange coins are primarily used to raise funds for the platform. As a result, the exchange cannot maintain and improve its infrastructure. However, exchange tokens offer lots of benefits to their users, including voting rights, reduced transaction costs, exclusive coin offerings, and much more.
Exchange coins have proven to do well, especially after the presale. Sazooz Finance has the potential to receive worldwide exposure this year, thus the token could easily challenge Cronos’ record in the not too distant future.
To learn more:
Presale: https://sale.sanzooz.finance/register
Website: http://sanzooz.finance
Telegram: https://t.me/Sanzooz_Finance
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