How could VertoChain be the next Ethereum and Solana?
- Susan G. Hall
- on Sep 01, 2022
Decentralized finance (DeFi) is an upgrade to the traditional banking system. Traditional banking has several shortcomings when it comes to money management and service delivery.
The emergence of blockchain technology has paved the way for the masses to democratize financial power. Overall, over the years, this feature of blockchain has encouraged people to use trustless, autonomous, and open-source blockchain ecosystems for their transactions.
DeFi adoption has grown to over 880% globally. With smart contracts and other values stored there, there is room for more growth. Smart contracts were a feature of the Ethereum (ETH) blockchain ecosystem.
VertoChain (VERT), a decentralized protocol, aims to meet the financial market needs of its users. This helps them efficiently manage their digital assets across multiple blockchains. Just like Ethereum, VertoChain will be integrated with smart contracts.
How is VertoChain (VERT) contributing to the future of DeFi?
VertoChain (VERT) is a decentralized finance (DeFi) platform built on the Binance Smart Chain (BSC). The VertoChain ecosystem is designed to address fears inflated by the mainstream media by providing unbeatable and secure services to users. VertoChain users will have at their disposal the latest and essential tools and features that will allow them to get the most out of the platform.
VertoChain is an emerging platform that will contribute to the future of decentralized finance. The platform will be built on a template for successful implementation. This means that the team will combine expert service delivery with the essentials of decentralized finance, as we do, will drive an industry-wide revolution. These will be carried out without compromising security.
VERT, the native token of VertoChain, will allow holders to access the features of the platform. GREEN holders will be considered for special community roles like being part of the DAO. Key features of the VertoChain platform include multi-chain farming, liquidity provisioning, and yield farming, all at competitive prices.
VertoChain intends to build a self-sustaining ecosystem for the long term. The GREEN token is just one of the ways we want to generate revenue for the development of VertoChain. The platform’s core infrastructure will be developed in a way that its growth is not measured solely in terms of DeFi-class tokens.
VertoChain is community driven like Ethereum (ETH)
A team of community members will manage most of VertoChain’s operations and environment. The team, the treasury committee and a few members of the GREEN community will manage the ecosystem.
Several criteria will be established to determine who becomes a member of the user representatives. Above all, they will be holders and users of GREEN. The average number of tokens in user wallets and off-chain and on-chain activity will be considered.
Ethereum is powered by the native Ether token, which allows users and holders to access the many features of the platform. Ethereum also allows the development of other decentralized applications (dApps) on the blockchain network. In the past 48 hours, Ethereum has suffered a 3.5% drop in value.
VertoChain Could End Solana (SOL) Rivalry With Ethereum (ETH)
Solana (SOL) has been in constant rivalry with Ethereum, and that’s because Solana’s growth into the top 10 cryptocurrencies has been achieved in a very short period of time. Solana has cheaper transaction fees and the technology is better. However, we should note that while Ether suffered a 5% decline over the weekend, Solana also suffered a 5% decline.
VertoChain aims to offer automated smart contracts and transactions. VertoChain users can trade supported tokens for approximately 0.25% of assets. Direct conversion will be possible if the liquidity pool for any pair of tokens offers the best price.