Hundreds of different cryptocurrencies claim to be the ultimate solution for whatever problem they are solving. Two such coins are Loopring (LRC) and BitTorrent New (BTT), which emerged with a lot of fanfare and are now fizzling out.
In comparison, genuine value providers like Snowfall Protocol (SNW) are snapped up in their presales phases as the experienced cryptocurrency user knows they will not be available for such low prices once the low presale prices end.
Loopring Token (LRC)
The Loopring token (LRC) is a token on the Loopring protocol. The Loopring is a blockchain project that facilitates developers in building their decentralized exchanges (DEXs).
The project wants to offer developers a connected network of yield farming platforms where people that want to trade crypto can access different platforms from a single dashboard.
However, unlike Snowfall Protocol’s blanket facility for cross-chain swaps, the Loopring protocol is limited to Ethereum. Over time, such limited offerings become cumbersome for users because developers and gamers find platform restrictions expensive to manage, as the ability to trade and swap digital assets across chains is a huge benefit that only Snowfall is offering.
BitTorrent has offered a top-rated entertainment streaming service since 2000. After the Tron Foundation acquired it in 2019, it was launched on the crypto coin market to attract more traffic and grow the BitTorrent protocol
The protocol’s primary goal is to improve file sharing and minimize server impact.
The move into the crypto market was intended to make it a more distributed network, rewarding providers while increasing file-sharing efficiency to minimize server and network impact.
However, unlike Snowfall Protocol’s blanket facility for cross-chain swaps, the BitTorrent protocol is again limited to file transfer and sharing and does not offer yield farming features.
Snowfall Protocol (SNW)
In the current crypto scenario, what is essential is effectively connecting the technical and conceptual gap between a centralized and decentralized world. It does not matter how great the technology or concept of a blockchain is. No one will be interested if it is not user-friendly. Snowfall does this by offering its investors an easy and inexpensive means to start yield farming.
Yield farming is a Decentralized Finance term for earning rewards. This means that investors can make from lending tokens to active traders by providing liquidity for crypto trading pairs. It is a passive and low-risk means to earn income. The base mechanism behind the concept is complex for novice investors just looking for a reliable means to invest their money. This is where Snowfall makes the DeFi-based yield farming concept simple for all.
The ease with which one can earn passively with Snowfall is the reason behind its high presale demand among retailers. Snowfall Protocol (SNW) offers its users a portfolio of carefully curated tokens to help its investors get a strategic portfolio to get a stable income stream.
In addition, users can earn rewards from using the platform for their crypto trading needs.
This is why investors are flocking to buy Snowfall protocol (SNW) during its presales stage to benefit from the low prices.
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Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.