VertoChain. The Cryptocurrency market keeps welcoming new token addition, which means investors and crypto enthusiasts can’t run out of options when it comes to purchasing cryptocurrencies. The coin market structure also makes it easier to pick a niche you want to explore — gaming, defi, meme, utility, NFTs, and other token/assets types.
Each time there’s a new cryptocurrency in the market, it’s vital to know which category it belongs to, what offering it brings, and what are the hopes of it thriving in the market — using its utility, potential for adoption, total supply, and comparison with forerunner tokens in such aspect as criteria. While this may not give you all you need to know about the token, it makes you know it well enough to decide whether it’s worth purchasing.
VertoChain (Vert) is the new token this article reviews, using the aforementioned criteria.
What is VertoChain?
VertoChain (Vert) got its name from the Latin word Verto which means swap + chain, the truncation of blockchain. Thus, the VertoChain network is a blockchain platform for swapping. The decentralized network allows peer-to-peer exchange and trading of digital assets across multiple blockchains, which include Binance Smart Chain, Avalanche, Tezos, Ethereum, and Solana.
It’s a democratized platform that allows optimum users’ participation in the governance and developmental plans of the ecosystem. VertoChain (Vert) aims to improve users’ utilization and accessibility to digital assets throughout major blockchains and ensure continuous adoption of crypto assets and decentralized finance globally.
VertoChain (Vert) will provide the basic functions of other decentralized platforms, including multi-chain farming, liquidity provision, yield farming, token exchange, etc. All these activities can enable users to increase the value of their digital assets by earning rewards. $VERT (the native token of the platform) powers these activities and transactions.
Potential for Adoption
Unlike conventional Defi token networks, VertoChain (VERT) comes with some unique features and incentives to complement its utility, enhancing its potential for adoption. The platform is user-centered, and the developers ensure it has an intuitive interface that’s easy to navigate and use without compromising its sophistication as a blockchain platform.
VertoChain’s (Vert) near-zero transaction fee will make it one of the platforms with the lowest transaction fees while maintaining optimum transaction speed. This is another beneficial feature that will make users more likely to adopt the platform. It also has a referral reward scheme which is a form of marketing strategy to capture more users.
Users that want to increase their digital asset value will refer more people to the platform. This helps the developer achieve their ultimate goal of increasing the use and accessibility of crypto assets. The more the referrals, the more the market penetration.
Another place where VertoChain (Vert) aims to stand out from the 540+ other Defi tokens on Coinmarketcap is optimum security. The developers discovered most of the existing Defi platforms aren’t built up to standard, with many of them having poorly audited or not-audited smart contracts putting users at risk. It will also put an anti-whale system in place to mitigate market price manipulation from the big players in the crypto space.
VertoChain (Vert) aims to address this by building a standard platform that can compare with the known giants in the Defi sector of the cryptocurrency market in terms of features, customer service, and delivery standpoints. These features contribute to its high potential for adoption.
$Vert will be the medium of exchange on the VertoChain platform, allowing users to access and benefit from its multiple features. There will be a total of $500 million supply of the token, with 30% of it going into presale. The remaining distribution streams will include liquidity, multichain deployment, rewards, and team fund.
How does it compare with other top Defi Tokens?
VertoChain (Vert) boasts high potential for adoption, and its area of improvement on most of the current Defi platforms makes it a strong competitor amongst the top Defi tokens like Dai (DAI), Avalanche (AVAX), Chainlink (LINK), Uniswap (UNI), amongst others.
The VertoChain (Vert) token gives great optimism, and it will be a good purchase when it finally goes on presale.