SmarterWorx Project Fresh On The Scene With Concept To Rival MakerDAO And BitDAO
Disclaimer: The text below is a press release that is not part of Cryptonews.com editorial content.
Decentralization is the new technology embedded in the blockchain network to free financial systems from centralization. Many DeFi projects have surfaced on the internet to entice investors to invest in the ecosystem. However, most of these projects need more utility and real-world applications. Projects like MakerDAO, a decentralized autonomous organization governing Maker and its smart contract stable coin DAI, have emerged in the space to offer market stability. Others like BitDAO have brought developers and builders into one arena to provide benefits in the virtual area. However, none of these two projects offers greater utility than SmarterWorx.
MakerDAO and BitDAO Explained
MarkerDAO is a decentralized ecosystem that currently powers the supply of stablecoin DAI. DAI is a stablecoin pegged to the US dollar in a ratio of 1:1. The stablecoin is a decentralized digital dollar renowned for its wide usage in the sense that anyone can use the token without any discrimination. The DAI is governed by a community of MKR token holders who directly manage the Maker protocol that issues the smart contracts governing the stablecoin. The stablecoin has risen to popularity, featured in over four hundred applications, including crypto wallet service providers like World Coin.
BitDAO, on the other hand, is a platform powered by blockchain technology that allows the development of products and services in the web3 ecology. BitDAO was launched in June 2021 by a Bybit crypto exchange based in Singapore. The firm received a lot of traction from the entire crypto community and, as a result, pulled large investments from institutions and sophisticated investors. Although operating under the roots of decentralization, BitDAO is most likely going to be affected if the exchange collapses like FTX.
Why SmarterWorx is Bigger than Everyone Thinks
SmarterWorx’s ecosystem is one of the hottest technologies emerging in the crypto and NFTs space. The project is currently on presale, and Crypto fans who invest in the platform will enjoy a wide range of benefits, including staking rewards, as well as getting commissions airdropped from the revenue generated by the platform.
SmarterWorx is attempting a new revolution of technological advancement that combines the physical and virtual worlds using ‘phygital’ tokens and hybrids of tangible items tokenized on the blockchain network. After the presale is completed, the ecosystem will establish a treasury fund that will give retail and middle-size investors a chance to own high-end art that is normally only available to sophisticated and high-net-worth individuals.
SmarterWorx uses new technology to reinforce NFTs, crypto, and physical items in one ecosystem. After the presale, the platform will take a portion of the funds and invest in a digital art portfolio that will back up the ARTX value. This is extremely beneficial to investors considering the headache caused by alarming volatility in non-backed crypto assets. ARTX’s discount will depend on the portfolio’s health, making it a lucrative deal, especially in bear markets like the one devouring crypto prices. Buy SmarterWorx today and get a discount on the official release price of the token. Hurry!
For More Information:
Join Presale: https://smarterworx.io/buy/
Website: https://smarterworx.io/
