It’s no secret that the cryptocurrency market has been on a rollercoaster ride since the beginning of the year. There were many speculations on what caused this dramatic fall, but it seems like the 2022 bear market could have been a significant contributor to it.
Many top cryptocurrencies, Bitcoin (BTC), Ethereum (ETH), and Solana (SOL), which had been considered “safe havens” during times of volatility or bear markets, have fallen victim to this phenomenon. While such coins and tokens depreciated, Cryptoons (CTOON) mapped out its launch plan. On the other hand, Cosmos (ATOM) and Monero (XMR) stayed afloat despite being hit with a series of negative news stories and unimpressive price fluctuations during the bear market.
Cryptoons (CTOON) is Incorporating Smart-Contract Facilitation into the Illustrative Art World
Cryptoons (CTOON) is set on making a remarkable achievement in the illustrative art world. In addition to their NFT Factory, they would also create their ‘Comic launchpad,’ which would help creators to generate liquidity for their projects. Creators can get early rewards and benefits from their projects at launch to keep them motivated and creative. These rewards can also provide the resources to create more projects for their dedicated fans. Cryptoons (CTOON) would elevate the status of creators to a global presence and ensure that a diverse and wide group of people can access their creativity without fearing plagiarism.
Smart contracts are an essential aspect of the Cryptoons network. The contracts are self-executing, which implies that the works of artists and creators will be highly secured with no risks of plagiarism or duplication. Liquidity locking is an important feature on this platform as it prevents the development team from accessing liquidity funds, as the tokens in the liquidity pool will be sent to the time-lock smart contract.
Cosmos (ATOM): Utility Token Used To Safely Store Data
Cosmos is a platform that enables users to create personal blockchains which can store data and execute smart contracts. Cosmos is unique because it has an asset-backed token, Cosmos (ATOM), which can be used to pay transaction fees within the network and access certain services or resources on the platform itself.
The Cosmos blockchain comprises multiple interconnected nodes through the Proof-of-Stake (PoS) protocol, which allows for fast transactions and settlement times. The network also rewards users for validating transactions, which increases its security and decentralization features.
The Cosmos protocol was launched to solve some of the problems associated with Ethereum’s current system design, including scalability issues, transaction fees, and slow processing times.
Monero (XMR) is Trying to Become a Household Name
Monero (XMR) is one of the only cryptocurrencies with complete privacy and anonymity. Monero’s decentralized nature makes it impossible to shut down or regulate in any way any government or other entity. This makes Monero an excellent option for anyone looking to remain anonymous while paying their bills or purchasing crypto assets.
Monero’s public ledger has options called ‘ring signatures’ and ‘stealth addresses. While the stealth addresses ensure anonymity, ring signatures allow users to check which other users signed an encrypted message without revealing their identities using cryptographic techniques such as Schnorr signatures.
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*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.