Uniswap and PancakeSwap have been two of the most popular decentralized exchanges in the market. However, both have been losing holders recently, and there are a few potential reasons behind it. Firstly, they lack the liquidity required by users to trade the assets they want. This is caused by factors like limited awareness of the platforms, high fees, or a complicated user interface. Secondly, the platforms are unable to handle high volumes of traffic, which could lead to delays or even crashes due to insufficient scalability or a lack of adequate resources. Finally, it's possible that users are simply losing faith in speculative tokens with no real use case which are usually traded on these platforms.
So, what is the Chronoly token up 400%, and why can it be called the next big crypto project?
Chronoly.io is a revolutionary new approach to crypto, that offers both a decentralized exchange and a decentralized marketplace. The following are the potential reasons why Uniswap and PancakeSwap holders are shifting to Chronoly.io:-
- Reliable, fractional NFTs
Investors get to trade fractional NFTs in real-world watches instead of buying a collectible or rare watch from unreliable platforms at high prices.
- Redeem a real-world asset anytime
If an investor acquires 100% of the real-world NFT of a watch, they can redeem the NFT and the watch will be shipped to them with Chronoly’s transportation systems unlike other coins like Uniswap and PancakeSwap that do not have any real-world asset attached to them.
- Zero counterfeits
All the watches available for trading on this platform are 100% original. They’re insured and preserved in a secure depository vault.
- Borrow at better prices
When it comes to the Chronoly.io watch-backed NFTs, they can be used for a variety of purposes, including proving authenticity and ownership, serving as collateral for loans, or even being traded on secondary markets like the stock exchange.
- High Growth Industry
It is possible to store value in NFTs that is not directly linked to the cryptocurrency market. For those who have a large portion of their capital invested in crypto, the Chronoly NFT will be a viable alternative to Uniswap and PancakeSwap, providing a low-volatility and high-growth asset option.
Why are investors buying Chronoly tokens in presale?
If you haven’t heard of Chronoly.io yet, chances are you will soon. The company behind the project has put the tokens on presale, which kicked off in May 2022. The token’s starting price was $0.01 and is expected to rise to $0.50 (50x) when it launches on DEX platforms.
Does the watch market truly have potential?
The global market for watches is estimated to be worth over 64 billion dollars, and there is a growing interest in luxury and designer watches. Especially after the introduction of the pre-owned watches in the market for collectors, it is estimated that the number will only rise in the coming years. Chronoly.io is the only company in the market to have introduced watch-based NFTs and gives investors the opportunity to secure their wealth digitally on a reliable physical asset as opposed to digital coins such as Uniswap and PancakeSwap, which do not have real assets backing their token value.