Quant (QNT), PAX Gold (PAXG), and Revolutux (RVLT): Three Cryptocurrency Projects Set to Survive the Crypto Crash
The crypto crash took the cryptocurrency markets by storm but it is not an isolated incident. Due to global macroeconomic issues, a shock wave of downward price trends have hit the financial markets. The bond, forex, and stock markets have all been affected by this negative price drop. Revolutux news..
Some cryptocurrency projects are currently trading at less than 70% of their value which makes it a good time for investors to purchase them at a discount. Furthermore, the crypto crash also provides an opportunity for investors to weed out poor performing projects from their portfolio. Investors must remember that it is more important to preserve capital than to invest in new projects. Therefore they must conduct thorough research and be absolutely sure before they invest in any cryptocurrency projects.
Three cryptocurrency projects that are set to survive the crypto crash are: Quant (QNT), PAX Gold (PAXG), and Revolutux (RVLT). These three projects have solid fundamentals and are designed to solve salient problems in the crypto space. Here is a brief look at these projects for more information on their use cases.
Quant (QNT) is a blockchain bridge that connects multiple blockchains and improves interoperability. The project was launched in 2018 and is designed like an operating system which uses the Overledger network to connect multiple blockchains. Quant connects blockchains and boosts the interoperability without affecting the efficiency of the network. The project wants to solve the interoperability issues of blockchains in the ecosystem. Furthermore, Quant wants to create an open and decentralized interconnected crypto ecosystem.
QNT is the utility token of the bridge and developers use it to build MApps (decentralized multi chain applications) on the protocol. Each MApp built has a set amount of QNT to be paid as fees. Quant provides users with access to multiple blockchains through its distributed ledger technology. This ensures that users can perform multiple operations without any drawbacks. Quant provides cross blockchain technology for tier 1 blockchains.
PAX Gold (PAXG)
PAX Gold (PAXG) is a commodity crypto project that tracks the price of gold. The PAXG token is built on the Ethereum (ETH) blockchain and it uses the ERC-20 token standard. PAXG was launched in 2019 and is available on centralized and decentralized exchanges for purchase. As a gold derivative, it is a good hedge against the volatility of the crypto market. In addition, it allows investors to participate in the commodity markets without leaving the crypto ecosystem. With the PAXG token, investors can circumvent the volatility of the markets and preserve their capital in crypto.
PAX Gold makes gold more accessible by using blockchain technology to increase its access. This helps buyers navigate the barriers surrounding the purchase of gold in traditional markets. In addition, PAX Gold decentralizes trade and removes the cap on how much gold investors have access to at any given time. This project provides utility to its users through stable alternatives to volatility.
Revolutux (RVLT) is a DEFI (decentralized finance) project built on the Binance Smart Chain (BSC). In addition, the RVLT token uses the BEP-20 token standard and is fully fungible. Revolutux wants to create wealth for its users through its DEFI platform and tools. Furthermore, Revolutux will create a DEFI ecosystem where users can stake, trade, purchase NFTs, and receive rewards. Revolutux will create a DAO to control the protocol. It would be open for all RVLT token holders.
RVLT is the transaction and governance token of the protocol. It is a deflationary token which would maintain its price using unique mechanisms. In addition, it would allow its users to perform various actions including depositing into liquidity pools, transactions, and burning. Revolutux will usher in a new age of DEFI where users have total control over their finances and create financial freedom.