As the cryptocurrency market keeps growing, so does the level of investors and projects that enter the market.
While there are numerous options to choose from, some projects are standouts in terms of technological advancements and are expected to generate significant returns for investors. Snowfall Protocol (SNW) is such a project. The Protocol has much more to offer compared to Klaytn (KLAY) and Mina (MINA) in innovativeness and income potential.
Klaytn (KLAY)
Klaytn (KLAY) has been available for the public since 2020 and currently has an unlimited supply; the number of Klaytn (KLAY) holders is unknown. It is growing because it announced that it would rebate gas fee transactions by gaming companies working on its network.
The low blockchain traffic validates this on the network. The platform doesn’t support smart contracts on its base layer, and this will not change in the future. The platform doesn’t rely on a Proof of Stake (PoS) consensus processing. This can mean that it is less efficient in some respects. Overall, there is little new utility offered by KLAY (KLAY) . In comparison with Snowfall Protocol (SNW), its advisable that you don’t get carried away by unnecessary hype around Klaytn (KLAY) and focus on genuinely innovative offerings and pick Snowfall Protocol (SNW) to invest in.
Mina (MINA)
Mina (MINA) has been available to the public since last year, and its supply is also unlimited. The number of Mina (MINA) holders is not public.
Mina (MINA) has very low blockchain traffic and has less than six actual fund transactions per minute. A reason could be that the platform also does not support smart contracts on its base layer. However, it is expected to support them sometime soon.
Mina (MINA) is currently working on a Proof of Stake (PoS) consensus model. On the whole, there is little utility that Mina (MINA) offers its investors. In comparison with Snowfall Protocol (SNW), there is little that Mina (MINA) has to compete.
Snowfall Protocol (SNW)
Snowfall Protocol (SNW) is a new cryptocurrency that unlocks a new level of bridging between blockchains. Blockchains are currently in silos, and they do not communicate effectively with each other. This makes it difficult for investors, developers, and gamers on one chain to interact with other chains to earn more or to expand their portfolios.
Snowfall Protocol (SNW) makes it easy to have digital asset swaps through multiple blockchains in a user-friendly manner. To understand this, imagine having a Nintendo game and being able to play on Playstation and Xbox at the same time. Snowfall Protocol (SNW) will allow gamers to play and trade games with each other. As a gamer, you will be able to play the best games from all three consoles.
This level of flexibility is game-changing and is expected to lead to a high adoption rate for Snowfall Protocol (SNW). In fact, this crypto has already experienced an 80% increase in value, and it’s still in its early presale stages. At this rate, it will likely increase by another 5000% by launch day, according to top industry experts.
The price of Snowfall Protocol (SNW) is now $0.009. For those looking to get in front of this train before it leaves the station, now is the time to get involved. Check out the links below to get involved!
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Presale: https://presale.snowfallprotocol.io
Twitter: https://twitter.com/snowfallcoin
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Source: https://www.thecoinrepublic.com/2022/10/28/snowfall-protocol-outdoing-market-leaders-klaytn-and-mina-in-income-potential/