How Vertochain, Near Protocol and Avalanche are dominating the crypto space

by Arthur · September 3, 2022

The Crypto Space has been in full swing with the launch of a new cryptocurrency known as Vertochain (VERT). Although it has not been launched yet, this new cryptocurrency has several features to offer crypto users and enthusiasts who buy it. In addition, it also intends to provide several benefits common to older cryptocurrencies such as Near Protocol (NEAR) and Avalanche (AVAX).

It looks green

Vertochain (VERT) is a new cryptocurrency that aims to provide solutions to the shortcomings associated with decentralized finance (DeFi) and contribute to the future of the world’s financial market by contributing to the decentralization.

Vertochain (VERT) is a platform that prioritizes Blockchain scalability by allowing peer-to-peer trading, exchange and exchange of digital assets across five major blockchains: Binace Smart Chain (BSC), Avalanche (AVAX), Tezos (XTZ ), Ethereum (ETH) and Solana (SOL). By importing scalability, Vertochain aims to enable users’ access and use of cryptocurrencies and digital assets through and across blockchain networks and accelerate the use of these cryptocurrencies and digital assets across the globe.

Features of the Vertochain platform

There are several features associated with the Vertochain (VERT) platform, but three of these features stand out, and they include yield farming, liquidity injection, and multi-chain farming. These features will allow complete democratization of power among users of the Vertochain (VERT) platform and allow those users to have a say in how the platform is run, operated and managed. In addition, users will also be allowed to suggest possible changes to improve the Vertochain (VERT) platform.

Vertochain Tokenomics

VERT is the original cryptocurrency token that powers the Vertochain (VERT) platform. The token will have a total maximum supply of 500 million tokens of which: #

30% will be offered for sale during the token presale,
25% will be used as liquidity on the Vertochain (VERT) platform,
20% will be used as multi-chain distribution,
20% will be given as a reward on the Vertochain (VERT) platform, and
the remaining 5% will be used to found the Vertochain (VERT) team.

Not so far from success

Created by Alex Skidanov and Illia Polosukhin, Near Protocol (NEAR) is a blockchain network that aims to provide users with decentralized features uncommon to other blockchain networks such as Bitcoin (BTC). It is a computer network that regulates a platform for creators and developers of decentralized services to create and launch these services.

The Near Protocol functions

The Near Protocol (NEAR) prioritizes creating scalability between multiple blockchain networks by including special decentralized applications (dApps) such as the Rainbow Bridge, which was created to allow participants and users of the Near Protocol (NEAR) to transfer Ethereum tokens between Ethereum and the Near Protocol ( NEAR) with ease.

Another feature of the Near Protocol is a Layer 2 scaling solution built on the Aurora network. Aurora was developed using Ethereum’s technology known as the Ethereum Virtual Machine (EVM) to enable decentralized creators and developers to launch Ethereum-based decentralized applications (dApps) on the Near Protocol (NEAR) network. These creators and developers can use the Aurora feature to access the low transaction fees and high throughput benefits of the Near Protocol (NEAR). In addition, the developers and creators will also enjoy the familiarity and network of decentralized applications of the Ethereum (ETH) blockchain.

Near Protocol (NEAR) also has another feature called Nightshade. Nightshade is a special variant of sharding where individual operating sets of participating validator nodes process transactions in parallel across multiple sharded chains, thereby improving the overall capacity of the Near Protocol (NEAR) network. In addition, Nightshade enables the Near Protocol (NEAR) to maintain a single chain of data at a time, while distributing the computing and processing necessary to maintain that data into small fractions of transaction blocks called “chunks”.

Unlike regular sharding, Nightshade shards allow processing a larger amount of transactions per second and cheaper transaction fees, thus allowing the blockchain to scale more efficiently.

Tokenomics

The NEAR token is the original official token that powers the Near Protocol (NEAR). The token has a maximum supply of 1 billion tokens, of which 719 million are currently in circulation. The total supply of the NEAR tokens is distributed as follows:

2% is used as social grants.
4% is used as social grants.
10% is used as foundation grants.
14% is given to the core contributors to the Neat Protocol (NEAR).
7% is used to build the early ecosystem of Near Protocol (NEAR)
6% is set aside for the network’s backers.
The network’s small supporters spend 6.1%.
12% is offered for sale during the NEAR Token Community Sale.

Although it serves a variety of uses, the NEAR token is primarily used as a means of processing transactions and storing data on the Near Protocol (NEAR), used to run operational validation nodes on the Near Protocol (NEAR) by staking the NEAR tokens and grant its holders management rights that will enable them to take part in the decision-making processes involving the allocation of resources on the Near Protocol (NEAR).

A mountain or a mole?

Popularly regarded as one of the fastest blockchain networks in the blockchain industry today, Avalanche (AVAX) is an open source, decentralized and environmentally friendly smart contract-enabled platform that supports the execution of decentralized smart contracts and decentralized applications (dApps).

Avalanche (AVAX) operating mechanism

Like Ethereum (ETH), Avalanche (AVAX) also allows the execution and execution of decentralized applications (dApps) since the smart contracts are written in the same programming language used by Ethereum (ETH) known as Solidity.

The Avalanche (AVAX) platform’s mission is centered around achieving three main goals: scalability, decentralization, and security. The platform intends to do this by using its Proof-of-Stake (PoS) consensus mechanism. The Proof-of-Stake (PoS) consensus mechanism allows the Avalanche (AVAX) platform to maintain its security and validate transactions performed on the network.

The Avalanche (AVAX) protocol aims to solve the problems that limit blockchain technology by using three different blockchains. These blockchains include:

The Exchange Chain (X-Chain): This is the main standard blockchain of the Avalanche (AVAX) ecosystem where digital assets are developed and exchanged. AVAX, the native tool that powers the Avalanche Platform (AVAX), is one of these digital resources.
The contract chain (C chain): This chain allows the development, creation and execution of smart contracts. This chain enables Avalanche (AVAX) smart contracts to benefit from cross-chain interoperability since the Avalanche (AVAX) platform is based on the Ethereum Virtual Machine (EVM).
The Platform Chain (P Chain): This chain is responsible for coordinating individual validators and nodes and allows and enables the creation, operation and administration of subnets.

The AVAX token

Transactions conducted on the Avalanche (AVAX) platform are powered by its official native utility and governance token known as AVAX. The AVAX token is a scarce hard cap token with a total maximum supply of 720 million AVAX coins, half distributed during the Avalanche platform launch in 2020. There are currently 281 million AVAX tokens in circulation.

The AVAX token is used to pay for transaction, gas and tax fees on the Avalanche platform, secure the platform via staking, interact with the Avalanche smart contracts, and provide a unit of account between the multiple subnets created on the Avalanche network (AVAX).

How to buy the VERT token

Currently in the pre-sale phase, the VERT token will be available for purchase on various centralized exchanges (CEX) and decentralized exchanges (DEX). Users who purchase the VERT token using Ethereum (ETH) or Binance Coin (BNB) will receive a bonus of 9% and 10% respectively.

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