Apr 11 (newsonjapan.com) - In recent years, decentralised exchanges (DEXs), the latest being Quitriam Finance (QT), have sprung up to support the buying, selling, and trading of cryptocurrencies as it becomes more of a standard trading medium for investors around the world.
Cryptocurrency has soared in recent years, reaching a total market cap of $1.74 trillion as of March 2022.
Cardano (ADA)
Two cryptocurrencies that have enjoyed monumental success in the market include Cardano (ADA) and Tezos (XTZ). Cardano (ADA), which is ranked the 8th biggest crypto on CoinMarketCap, is young and dynamic, having increased by more than 700% last year. The speed, energy efficiency, and current and potential uses of Cardano (ADA) have investors excited for this year’s developments.
Tezos (XTZ)
Moreover, Tezos (XTZ) ranks in CoinMarketCap’s Top 50. Although it didn’t grow as much as other smart contract cryptos, having inclined by around 115%, Tezos (XTZ) has made significant progress in the burgeoning NFT market, recently announcing a partnership with the Manchester United football club. Furthermore, it fared well during the recent crypto price slump. Since the beginning of the year, the price of Ethereum (ETH) dropped by more than 20%, while the price of Tezos (XTZ) only fell by 15%.
What Will Quitriam Finance (QT) Do?
The most common way to trade these cryptocurrencies is through one of the many DEXs on the market. The operation of a DEX is based on smart contracts, which record transactions in the blockchain rather than listing them with a centralised entity such as a bank or government. DEXs have blossomed into the go-to platform system for users looking to buy and sell cryptocurrencies, thanks to the use of blockchain technology.
An upcoming DEX platform, Quitriam Finance (QT), has just gone into its first stage of presale to enable early investors to grab it at its lowest ever price (currently $0.000014) and profit from the immense returns it’s predicted to gain upon launch. Quitriam (QT) has been causing a stir in the crypto community due to several unique aspects that distinguish it from other DEXs. So, let’s take a look at how Quitriam (QT) can maximise Cardano (ADA) and Tezos (XTZ) profits, according to its White Paper.
Eliminate High Gas Fees
The Ethereum (ETH) network handles the majority of DeFi transactions. This has resulted in increased network congestion, making Ethereum (ETH) transactions slow and expensive. Investors can find themselves having to pay upwards of $50 in gas fees just to complete a single transaction.
Quitriam (QT) solves the problems of other Ethereum (ETH) based DEXs by allowing users to exchange tokens at a rate of more than 50,000 transactions per second for a cost of less than $0.00001 per transaction, allowing for efficient and quick transactions, via AMM.
Amazingly, Quitriam (QT) will have zero fees for the Polygon (MATIC) Network, due to partnerships with top platforms and meta-transaction integration.
Staking Rewards
As part of the Liquidity Mining incentive, users can stake their QT tokens - the platform’s native stablecoin currency - on the platform. Tеzоs (XTZ) and Cardano (ADA) are two PoS networks that will be initially supported by Quitriam (QT). The platform plans to add more networks as it grows.
Users with a specified amount of QT tokens will be able to create a pool on Quitriam (QT) where different users can combine their tokens to stake.
The fee will be the difference between the nominal yield rate and the amount received by the delegators. The staking service will be entirely non-custodial, which means that users will have complete control over their accounts at all times. Furthermore, users can withdraw their stake at any time with no penalties.
Those who choose to receive their staking rеwаrds in QT tokens will receive higher returns. An additional 0.5% will be added to the default rate for these users, while 0.5% is deducted from those who wish to be rewarded in currency other than QT.
Earn QT Through Yield Farming
Quitriam (QT) have come up with a solution to a major problem plaguing liquidity mining, which is users’ tendency to dump the tokens they receive from the mining pool immediately. A high APY yield farming programme is also associated with a high tokenomics inflation rate.
The team behind Quitriam (QT) have proposed a solution that is able to lock up these farming rewards while simultaneously providing value to yield farmers. In light of the heightened interest in NFTs over the past year, Quitriam (QT) have decided to integrate these tokens into NFT collectibles in their new liquidity mining model.
After a vesting period, the tokens can be claimed. Meanwhile, the NFTs can be traded on marketplaces and made liquidable.
Verdict
These are only some of the incredible benefits Quitriam (QT) is bringing to their platform, with many more incentives detailed in the White Paper. By using all of these, Cardano (ADA) and Tezos (XTZ) can effortlessly multiply their investments.
The graph below shows Quitriam’s (QT) price increase only a week into its presale. The first stage ends on the 9th May, so investors are encouraged to buy now to gain as much as possible on launch.
If you’re interested in getting in on another new token, Explora Chain (EXPL) has also recently gone into presale and is promising its investors endless opportunities to earn crypto rewards.
Explora (EXPL) is a multifaceted platform with an NFT marketplace, staking opportunities, Play to Earn (P2E) gaming, and a launchpad. The price of EXPL tokens is currently $0.007, with a rapid increase expected as more investors join in.
For more information on Quitriam (QT), click here:
https://presale.quitriam.io/
quitriam.io
For more information on Explora (EXPL), click here:
