DeFi
Binance Powers Chiliz (CHZ) to Critical Milestone, Bringing Attention to This Ethereum DeFi Platform
In the current bearish conditions, the crypto world has seen Binance, the world’s leading crypto exchange, propel Chiliz (CHZ) to a major milestone. However, the sector giant could turn to a new competitor: RCO Finance (RCOF).
Let’s explore the potential motivations behind this new focus on RCO Finance (RCOF) and consider what these developments mean for the future of DeFi.
Binance partners with Chiliz for network upgrade
Binance is working with Chiliz (CHZ) to ensure a smooth network upgrade and hard fork scheduled for June 17. To facilitate the process, Binance will temporarily suspend CHZ deposits and withdrawals one hour before the upgrade begins at 11 a.m. However, CHZ trading pairs will remain available to users without interruption.
After the hard fork, Binance will manage all technical aspects behind the scenes to minimize potential disruptions. Services such as deposits and withdrawals will resume once the exchange confirms network stability after the upgrade.
Surprisingly, this announcement was accompanied by a sharp drop in the price of CHZ. Over the past week, CHZ’s value has fallen by 20.9% and has fallen by a further 3.36% over the past 24 hours. As a result, Chiliz’s total market capitalization has increased from $1.02 billion to approximately $960 million since Binance outlined its upgrade support plans.
A new DeFi platform takes center stage
The underperformance of Chiliz (CHZ) may explain why the Binance exchange might focus on RCO Finance. Although both projects are connected to decentralized finance (DeFi) via fan token governance, RCO Finance stands out by operating as a comprehensive peer-to-peer financial services platform.
The new project is particularly attractive to analysts and investors because it revolutionizes our daily approach to traditional finance. By introducing artificial intelligence (AI) into its operations, RCO Finance (RCOF) is poised to become the first crypto platform without an intermediary or human interference.
At the heart of this revolutionary project is its AI-powered bot advisor. This innovative trading tool continuously scans the crypto market for historical price data, live price movements, trends, and current events to help investors make informed decisions to maximize profits and minimize losses.
Additionally, RCO Finance encourages additional income through its staking system. Investors can earn investment returns by placing their RCOF tokens in a liquidity pool. This strategy works best for those looking to generate returns without actively managing their investments.
RCO Finance also offers a range of practical features. The inclusion of debit cards allows users to hold stakes in DeFi projects, providing them with greater accessibility and participation in the decentralized finance ecosystem.
What do investors stand to gain from RCO Finance (RCOF)?
RCO Finance (RCOF) aims to give financial control back to the everyday user by leveraging artificial intelligence. Given its zero KYC approach, users are not limited by financial statements, history, or geographic location.
The platform is currently in the first stage of its presale, with tokens sold for $0.0127 each. Recent analysis predicts that the token will increase 30x during the presale phase alone, with even more substantial gains expected after the official launch.
Additionally, RCO Finance (RCOF) benefits from total decentralization for its pre-sale investors. By owning RCOF tokens in pre-sale, users benefit from governance rights. These rights are then exercised when proposing and voting on changes within the RCO Finance ecosystem.
But there is more. RCO Finance implements a deflationary token model, in which certain tokens are gradually burned. This reduction in supply could increase the value of the remaining tokens. The RCOF team also diligently conducted audits and implemented precautions to guard against attempted fraud or scams.
For more information on the RCO Finance presale:
Join the RCO Finance community
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