Only a few crypto projects start on as high a tempo as SmarterWorx. Most average ICOs will barely get attention beyond their immediate community. For SmarterWorx, the project has created a buzz among investors across the crypto sector. As thousands rush to the project, crypto analysts indicate that SmarterWorx’s token, $ARTX, could skyrocket.
Getting a good start is half the journey for a successful project – sustaining this community backing in the long term is the remaining half. SmarterWorx’s investors are pumped for what lies ahead with the project, as its architecture seems to have everything regarding durability and performance.
SmarterWorx is a decentralized art-centric platform that adds value to physical artwork and trades them for profit. The community-governed organization generates profits for investors and distributes the earnings proportionally. Moreover, SmarterWorx has launched the first-ever fractional NFT (F-NFT) investment platform for art pieces. The protocol settled on fine art because it yields very high ROI in short periods.
Behind all SmarterWorx processes is $ARTX. The platform has designed $ARTX to be fully backed by the physical art pieces it holds. This way, $ARTX remains stable as the reserve assets can be deployed to raise the token’s value during extreme price fluctuations.
Moreover, $ARTX leverages the SmarterBurn deflationary mechanism to buy back and burn tokens from circulating supply using 50% of profits generated from art sales. The remaining 50% is sent to the protocol’s treasury to buy back more art pieces and reward investors.
It is this project’s sustainability that investors are keen to find. A viable project, secure network, and minimal risks. Deflationary mechanisms, a capped supply, and asset-backing help to keep $ARTX valuable over time.
How Does Maker Work?
Maker ($MKR) is a governance token for the decentralized finance (DeFi) lending platform, Maker Protocol. $MKR holders can vote via the decentralized autonomous organization that manages Maker, MakerDAO. The holders can influence decision-making and vote on proposals to guide the lending platform’s future.
Maker’s launch was a hit, as the token grew 5,500% in the three months leading to December 2017. The project’s launch remains one of the greatest in the sector. Today, Maker is the top DeFi project with over $6 billion total value locked.
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What is Ripple?
Ripple, now XRP Ledger, is a decentralized and permissionless blockchain facilitating low-cost transactions at faster speeds and higher energy efficiency. The platform fees are as low as $0.0002, and transaction finality is within 5 seconds while processing about 1500 transactions per second.
Ripple launched in 2012. Banks and other traditional financial institutions quickly adopted the platform’s blockchain solutions for their efficiency and reliability. This way, the protocol’s token, $XPR, has weathered many crypto storms to consistently rank in the top 10 list of cryptocurrencies by market cap.
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For crypto, a bad start may be a failure. Even then, a good start doesn’t guarantee success. The project must build a utility for its token, and fight inflationary effects and volatility, to remain viable to investors. SmarterWorx focuses on creating this utility and creating innovative solutions for art lovers. The F-NFTs and powerful $ARTX token will help power a robust incentive system for users to drive SmarterWorx to Ripple and Maker Protocol levels.
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Source: https://www.thecoinrepublic.com/2022/12/18/smarterworx-rated-as-unicorn-by-crypto-analysts-similar-to-maker-and-ripple-once-were/