As more tokens and projects enter the crypto and NFT marketplaces, one notable development that’s quickly gaining popularity in the industry is Chronoly.io (CRNO) which is still in its presale and has surged 560% in the last month.
In this article, we look at some of the reasons why the Chronoly token (CRNO) is poised to be more successful than other popular cryptocurrencies, specifically Algorand (ALGO) and VeChain (VET).
Chronoly stands out specifically because of the way it has revolutionized the luxury watch market. It allows just about anyone to invest and trade in rare watches from leading brands such as Patek Philippe, Rolex, Audemars Piguet, and Richard Mille just to mention a few.
With Chronoly.io, you can:
- Invest or trade fractional NFTs of real high-end watches
- Borrow against your watch NFT at a competitive interest rate
- Digitally verify the authenticity of preowned watches on the decentralized Ethereum blockchain
Algorand (ALGO)
Algo is the Algorand blockchain’s cryptocurrency. The Algorand blockchain is designed to help build an open, borderless economy in which everyone can participate. Only digital money that works quickly for everyone can power this new form of digital economy.
Many newer projects are looking to broaden the use cases for cryptocurrency by increasing transaction speeds and decreasing the time taken for transactions to be finalized on their network. Algorand is one of these newer initiatives.
Algorand plans to diverge from typical cryptocurrency design principles in order to achieve these goals. Algorand distributes its ALGO cryptocurrency to everyone who has a particular quantity of the cryptocurrency in their wallets with each new block it introduces into its economy.
Smart contracts and tokens that represent both new and current assets can also be created with Algorand. However, since Algorand is a brand-new public blockchain, its technology has not yet been thoroughly tested in real-world markets.
VeChain (VET)
Supply chain management and business processes can both benefit from VeChain’s blockchain platform. Its purpose is to leverage distributed ledger technology to streamline complicated supply chain procedures and information flow (DLT).
Both the VeChain Token (VET) and the VeChainThor Energy (VTE) exist on the VeChain platform (VTHO). In the first case, value is transferred across the VeChain network, whereas in the second case, energy or “gas” is used to power transactions carried out via smart contracts.
VeChain (VET) is a blockchain that meets the needs of large corporations. Through the use of distributed ledger technology (DLT), the project’s creators hope to enhance supply chain and product lifecycle management.
For firms looking to handle supply chain protocols and business operations, the platform offers a wide range of additional functions. VeChain is a forerunner in the combination of IoT and DLT. However, VeChain does not have as many real use cases for the average person as Chronoly (CRNO) does.
Chronoly (CRNO)
As a new token on the Ethereum blockchain, Chronoly.io offers innovation and utility to everyone. This is why it has seen over a 60% increase in value this week.
Chronoly runs the first-ever blockchain fractional watch investment project. The platform is bringing watches and their ever-appreciating value to the blockchain industry.
Chronoly is using a combination of cryptocurrency and NFTs to help anyone invest and trade in watches. They are selling NFT versions of physical watches split into more affordable fractions, just like stocks.
The platform has also created a Chronoly’s members’ club where you can join and reap rewards. By introducing the world of popular watches into the Metaverse and partnering with leading video games, analysts are predicting that the Chronoly (CRNO) token could surge by 2,500% before the presale window closes on the 27th of July.
Find out more about Chronoly.io by visiting the official website, Telegram or Twitter (NYSE:TWTR). Learn more about the presale by clicking here.