Here’s why Rocketize trumps Polkadot and Filecoin in crypto popularity charts

by Arthur · October 23, 2022

Cryptocurrencies have battled investor inhibition and misinformation for years before becoming part of the mainstream financial industry. Today, they are considered among the most profitable investment vehicles, all thanks to a unique application, their next-generation technological framework, their push for data protection and increasing returns.

For novice 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 invest accordingly. To help you get started, here is a review of the three cryptocurrencies.

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A meme coin aiming for the moon – Rocketize

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 such as staking, earning rewards, paying fees, and buying NFTs, among other uses.

The total supply of the token is set at 1,000,000,000,000 and interested buyers will be able to purchase them in the pre-sale.

What’s more, the platform offers its buyers attractive discounts on purchases. These rewards will depend on factors such as the type of cryptocurrency used, the amount spent on the transaction, the stage of the pre-sale, the buyer’s referrals and how soon after the registration of the transaction occurs. Let’s explain this with an example: if you are a BNB/BSC user and want to buy 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 $40 worth of tokens for free as a bonus.

A rather unique factor about the JATO token is that it is built on a deflationary model where these tokens are burned regularly to ensure that their supply remains scarce. A limited supply allows the platform to dampen price fluctuations and keep the value of the token stable. Users should know that every transaction in the form of the JATO token will be taxed at a rate of 2%. Those who have an active wallet on the platform receive half of the tax in credit. The remaining amount of tokens are burned to ensure that the token’s supply is limited.

In terms of governance, the platform utilizes the decentralized autonomous organizational pattern where each stakeholder gets to present their views. The platform uses voting rights to encourage its token holders to vote for proposals put forward by other community members. These proposals are concerned with operational issues such as strategic partnerships, new product launches and liquidity pool acquisitions.

Polkadot Dev Camp’s new release announced

Polkadot is an interoperable ecosystem of specialized blockchains called parachains that enable seamless 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 ‘Polkadot Dev Camp’ which is an educational program for developers interested in learning about the network. During the program, participants would learn to build with the blockchain framework Substrate and contribute to the Polkadot developer ecosystem. The program has limited places and the last application deadline is 23 October.

Filecoin usage increases in the third quarter

Filecoin is a cloud-based and open source marketplace for storing and retrieving data. It also acts as an incentive layer and blockchain protocol. Its native token FIL can be used for all transaction purposes such as staking on the network. The platform combines IPFS which is a distributed network protocol to offer a secure network free from any form of corporate control. The recent Messari State of Filecoin report claimed that the FIL token increased its usage in the third quarter of 2022. The report further said that the development came in the wake of an 82% increase in active storage agreements.

The above mentioned features of the three cryptocurrencies explain why they have been investors’ favorites and recorded a continuous increase in their prices. But when it comes to long-term growth potential, many cryptocurrency analysts believe that Rocketize has a clear advantage given its unique use case and cutting-edge code architecture. Of the analysts who have weighed in on the cryptocurrency, many see it potentially hitting the 100x return mark in no time.

Rocketize Token (JATO)

Pre-sale: http://rocket.rocketize.io/
Website: http://rocketize.io/
Telegram:

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