Since the start of the year 2022, the cryptocurrency industry has been under massive stress and pressure. The current global shifts have resulted in a sudden crypto crash that has affected the whole world.
The crypto tokens are crashing and losing their value over time. Many of them are trading in the red, while the masses are now cautious about spending their money in the crypto market.
The analysts believe that the Ukraine Russian Conflict has played a vital role in the crypto crisis. With this never-ending conflict, the economy has been adversely affected. Inflation is soaring high and causing changes in economic policies around the world. Also, the post-pandemic effects are aggregating the current situation.
Despite the market conditions, new projects are launching into the market with the hope that they will change the future of crypto tokens. One of these is Adirize DAO (ADI). Let’s compare this token with Neo (NEO) and Celsius (CEL) to learn more about them.
Neo (NEO) is a decentralized network that works in a coalition with smart contracts. It is a China-based cryptocurrency that replicates the Ethereum Blockchain. This platform has multiple advanced features compared to Ethereum (ETH).
Neo (NEO) aims to manage and transact crypto assets through smart contracts and play its part in the development of a smart economy. As an additional feature, the Neo ecosystem uses delegated Byzantine Fault Tolerant (bDFT) as an advanced stake of proof mechanism.
Celsius (CEL) is a blockchain-based network that is one of the top decentralized finance (DeFi) platforms in the crypto world. It uses CEL tokens as a native primary currency for all the associated transactions.
Celsius (CEL) is a lending and borrowing platform with no minimum fee balance requirement for users. Recently, the project has been a victim of the crypto crash crisis. After the network announced suspending all withdrawals, the CEL tokens witnessed a loss in the trading market.
Adirize DAO (ADI): The advanced Decentralized finance (DeFi) protocol
In the crypto world, stablecoins are another innovative use case built on blockchain. Their value is pegged to that of a fiat currency in real life. If the currency fluctuates, the crypto coin will too. It is a limitation that constricts the growth of such coins. And Adirize DAO (ADI) is the solution to it!
Adirize DAO (ADI) is a decentralized platform that addresses the need for a DeFi protocol to change the centralized control with a decentralized one. It aims to originate a crypto token that does not require fiat money like USD for stability.
With the introduction of ADI tokens, the ecosystem is trying to make stablecoins less volatile in conditions like the recent crypto crash and use them in daily transactions. Here instead of pegging the value with a reserve currency, the token will be backed by assets in the protocol-managed treasury.
Tokenomics of Adirize DAO (ADI)
$ADI is a stable and governance cryptocurrency of the Adirize DAO ecosystem. Holders and users of $ADI tokens can stake their tokens with the ecosystem and earn passive income in return. The holders can also put their crypto assets in the liquidity pools owned by the ecosystem to help them stabilize their position in the market. With this, they get incentives in the form of discounted $ADI tokens.
The project is a Decentralized autonomous organization (DAO)-integrated. This feature facilitates the community of users and empowers them to participate in upcoming changes in the ecosystem.
Adirize DAO (ADI) is a decentralized platform that aims to play its role in developing DeFi tools and address its limitations. Through the $ADI token, the team aims to provide a better perspective on the stablecoin niche and change the central control with a decentralized one. With this, the ecosystem will give birth to a new token that will be apt not to depreciate and become a positive addition to the crypto world.