If we summarize the crypto crash of 2022 in a few sentences, it makes for dreadful reading. The cryptocurrency market hit its lowest market capitalization in years, falling below the trillion-dollar mark in June. Fidarzi news…
Bitcoin, the original token and market leader, is trading at its lowest value since December 2020. Analysts have concluded that the sharp decline transpired because of global inflation. We know cryptocurrencies have seen better days, but how are they faring now? We’ll find out in the passage below:
The first token we’ll discuss is VeChain (VET), which ranks at number 33 with a market cap of 2.18 billion dollars and a price of 0.025. Both values mentioned have increased by 1% in the last twenty-four hours. In the same period, the volume of VET tokens traded are 81 million, down 14% from yesterday’s figures.
VET is a versatile, enterprise-level, L1 smart contract platform. The project began in 2015 as a private consortium chain of enterprises for the exploration of blockchain applications. VeChain’s transformation to a public blockchain began in 2017 with an ERC-20 token called VEN. The mainnet was launched a year later along with the ticker VET.
VeChain (VET) aims to use disseminated governance and the Internet of Things (IoT) technologies. These innovations will allow their developers to create an ecosystem that will resolve legitimate data-related concerns experienced by industries like medical, energy, food and beverage, etc.
The platform employs two tokens, VET and VTHO, used to regulate and create value on the VeChainThor public blockchain. VET generates VTHO and functions as a store of value and value transfer medium.
Given the rapid expansion of cryptocurrencies, certain technologies have become widespread, particularly blockchain and Web 3.0. Unfortunately, there is still a gap between digital and fiat currencies, which creates a hindrance for independent users and businesses.
Fidarzi (FIZI) will solve this problem by employing an effective ecosystem that addresses the gap so individual and organization-level users can have a better experience. FIZI will empower users to perform transactions conveniently across various blockchains and currencies (digital and fiat).
In a unique maneuver, each of the founders of Fidarzi has secured their tokens in a three-year vested time lock smart contract. This is a sign of their commitment and belief that Fidarzi is in it for the long haul.
The two foundational components of the FIZI are Fidarzi Pro and Fidarzi Community. Other attributes of the ecosystem include Fidarzi DEX Interface, staking-oriented high-yield returns, support for corporate users, and more.
The Fidarzi (FIZI) ecosystem is designed to have optimal use cases for digital and fiat financial environments. The team behind FIZI assumes that three determinants are critical for the future of money. One, they believe that balancing the aforementioned gap between digital and fiat systems must be solved by facilitating seamless transactions.
Two, they maintain that wholesale adoption of decentralized finance (DeFi) protocols by the average user and financial systems is pivotal. Finally, they reckon that Web 3.0 and metaverse services are key.
Moreover, FIZI token users are given a Fidarzi Card, which works as a crypto-friendly debit card. This card is utilized for Fidarzi’s rewards and savings protocol. Users can avail of a cashback option for each purchase they make if needed.
The savings and rewards scheme is one of the unique selling propositions of Fidarzi (FIZI). Users are assigned bonuses based on their balances, and funds are stored safely in their DeFi applications.
If we look at the figures above, VeChain (VET) is faring well enough for users to consider investing in Fidarzi (FIZI). If you buy FIZI tokens in stage 1 of the presale, you’ll receive an 8% bonus. Stage 2 has a 4% bonus, and stage 3 means you get a 3% bonus. If you can spare five hundred dollars, you’ll get a 9% bonus, which will rise to 20% if you put in a thousand dollars.