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Home»Defi»Chronoly.io Introduces Asset-Backed NFTs, As Cardano (ADA) Launches NFT Loans Via DeFi Bridge
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Defi

Chronoly.io Introduces Asset-Backed NFTs, As Cardano (ADA) Launches NFT Loans Via DeFi Bridge

adminBy adminJuly 14, 2022No Comments3 Mins Read
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Chronoly.io CRNOCardano’s ADA is two ciphers that have recently emerged as a stable and growing investment project. Cardano has been in the field of cryptography for a long time, but resistance to recent bearish market trends and the potential for a strong recovery have once again attracted people’s attention. on the other hand, Chronoly.io Is a new entrant who has led the success of analysts and professionals in this field. Chronoly’s CRNO token 600% or more DuringPre-sale..

Chronoly’s unique roadmap with asset-backed NFTs

Chronoly.io The great success of the pre-sale stage has swept the world of cryptocurrencies. Chronoly’s CRNO is a utility token backed by real-world assets and is virtually non-existent in most of the cryptocurrencies of many years.

Chronoly.io Is the world’s first blockchain-based fractional marketplace, allowing people to take partial ownership of rare luxury watches. The project devised a transparent business process of buying rare collectable watches from high-end multinational brands such as Rolex, Patek Philippe, Richard Mille and Audemars Piguet and mint NFT against them. .. This means that all NFTs created by Chronoly are backed by physical watches purchased by the company and stored in secure storage.

It allows people to invest just $ 10. You can also buy a 100% watch NFT and replace it with one that you physically own.

All NFTs Chronoly.ioInvestors are in a hurry to invest in projects because they are backed by real-world assets and have tangible usefulness. This is because the price of CRNO is determined by the value of a rare collectable watch, which should increase over time, while the price of other cryptocurrencies relies primarily on market speculation.

Especially, the price of CRNO is Jumped from $ 0.01 to $ 0.06 It is expected to reach $ 0.75 in the near future during the pre-sale period.Meanwhile, experts nailed it to grow 2,500%Before the end of the pre-sale.

Cardano aims to expand use cases for token Ada

Cardano is also one of the few crypto projects that is expected to maintain positive execution despite difficult market conditions. Cardano has emerged as a front runner in the DeFi (Decentralized Financing) industry, leaving well-known companies such as Solana and Ethereum.

Cardano users have already been able to lend ADA, Cardano’s native token, to anyone who is willing to use NFT assets as collateral via smart contracts. However, a series of new releases, updates, and recent support for Ledger to extend the ADA use case have strengthened Cardano’s preferred ecosystem.

NFT-backed loans aren’t new, but Cardano developers have been working to make the project more robust and easily accessible to everyone via the NFT-DeFi bridge. We have developed a new application to improve the usability of ADA. According to the Cardano (ADA) community’s Twitter account, transactions on the Cardano chain reached 44.8 million in June, an increase of 5.44% from May.

This has attracted investors’ attention to Cardano. Cardano is currently trading at around $ 0.45 and is expected to rise to $ 3 by 2023.

Learn more about pre-sale of Chronoly.io.

Website: https://chronoly.io/

Pre-sale: https://presale.chronoly.io/register

telegram: https://t.me/Chronolyio

twitter: https://twitter.com/Chronolyio

Ada assetbacked bridge Cardano Chronolyio DeFi Introduces Launches Loans NFT NFTs
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