Solana (SOL) Vs. Chronoly (CRNO) Which One Offers The Safest Returns?
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- Solana (SOL) offers scalability and fast transactions at the risk of security.
- Chronoly (CRNO) is backed by physical products, retaining its value even at the lowest point.
Solana blockchain is rapidly growing as a favorable option by the developers of the Dapp. Many NFT projects are also incorporating Solana. The reason is fast transactions and low cost, almost equivalent to layer 2 protocols without using one. These qualities have increased the need for the Solana (SOL) token in the market. However, when it comes to safety, it might not be the best bet.
Solana (SOL) has shown a significant lack of security. It has become a hub for DDOS attacks that have put it down on the ground on more than one occasion. As if that wasn’t enough, the recent irresponsibility of Solana (SOL) losing 30 minutes of time on the clock is something highly excruciating.
For such a blockchain that is being adapted by many developers and users, this kind of overlook of security doesn’t leave the best impression. All those proof of history, fast transactions, and scalability doesn’t matter if Solana (SOL) can’t provide the essential features of the blockchain.
Chronoly (CRNO) – A Far Better Alternative For Investment
Now, if you look at it from a developer’s perspective, Chronoly (CRNO) has no utility compared to Solana (SOL). Chronoly is an NFT project that has tapped into the luxury watch market.
It has a fantastic whitepaper with all the details mapped out. The roadmap is clear, and the team delivers everything with precision to the roadmap. These qualities are seldom seen on NFT projects nowadays.
Furthermore, Chronoly (CRNO) tokens are bound to real-world watches. Each Digital NFT is a digital version of the real-world model. These digital NFTs are further divided into fragments. And these fragments are available for you to purchase through the Chronoly.io decentralised marketplace.
The Chronoly token presale is live at USD 0.033 per token. For investors, it is a good thing to note that they started at USD 0.01 and despite the market downfall, Chronoly (CRNO) tokens haven’t just retained a firm stance but have grown by 233% and are predicted to grow further.
The Secure Side Of Chronoly – USP
A great thing about the Chronoly NFTs is that they are asset backed by real-life versions of luxury watches. These watch models are exclusive, thus, Chronoly offers real-life value that even stablecoins fail to provide. Stablecoins are known for being stable in the value (For example, USDT stands at USD 1), but the recent market fall has shown that even those aren’t invincible.
Watch backed NFTs will always have a specific value because of the watches real-world value, similar to other investments which are backed by Gold or other hard assets.