Updated: May 28, 2022 10:40 a.m. STI
New Delhi [India]May 28 (ANI/ATK): Sanzooz Finance (SZFT) is a new cryptocurrency that will allow users to trade artificial assets without owning them.
It will allow the trading of assets for their price without having to buy them. The Sanzooz exchange will share the fees with its users and has great utility.
It could even outperform the returns of other cryptocurrencies such as Stellar (XLM) and Uniswap (UNI).
However, you must add all three tokens because investing in a single asset is risky. Let’s find out more about these three coins and why you should add them for a balanced portfolio.
Stellar (XLM) Announces Voting for Protocol 19
The Stellar Foundation that governs the XLM Token has offered to vote for the rollout of a crucial update known as Protocol 19.
This could improve the prospects of the XLM token, as it would allow frequently transacting parties to move their activities off-chain.
Opening and final settlement will still take place on the main Stellar channel, but most activity may be transacted off-chain between frequently used payment channels.
This would allow for faster settlements and lower costs in the future, while maintaining greater efficiency for the main chain.
The XLM token remains a favorite among payment cryptocurrencies due to its fast transaction times and low costs.
Uniswap (UNI) is the most widely held among whales
According to Whalestats, the UNI token is the most common cryptocurrency among whales.
The UNI token powers the Ethereum decentralized exchange known as Uniswap. It offers attractive discounts and rewards to its holders.
The UNI token has been whale-accumulating over the past few weeks, signaling a potential price spike for the coin. Uniswap is the hub of DeFi solutions and is widely preferred by cryptocurrency enthusiasts.
Sanzooz Finance (SZFT) will revolutionize peer to contract trading
Sanzooz Finance will not have an order book but will allow trading against the contract directly in a procedure known as peer to contract trading.
The SZFT token will be used to power fast transactions and ensure fast settlements. It will be offered in presale soon.
Sanzooz Finance will enable the trading of artificial assets using the SZFT token as collateral.
Each time a user wishes to mint an artificial asset, an equivalent amount of SZFT can be locked in with the exchange.
If the value of the minted asset increases, part of the SZFT will be released to reflect the new price.
Pricing oracles will be used to serve smart contracts directly and the whole process will be governed in an automated and permissionless manner.
Holders of the SZFT token will be able to claim a share of the 0.3% trading fee generated on the exchange. Users will also be able to earn additional income by staking SZFT tokens.
The Sanzooz Finance exchange will also offer derivatives trading, including futures and options.
This will allow users to use leverage and amplify their earnings. Advanced users frequently use futures and options to hedge their risk and earn extra gains.
The SZFT Token ecosystem will operate on a tiered DAO-governed model. Rather than a single DAO, it will have many sub-DAOs that will introduce a new model of decentralized governance.
Each sub-DAO will be able to make individual decisions for better governance. The membership criteria for these different DAOs will be different depending on the functions assigned to them.
It will ensure a high level of transparency and governance allowing users to determine the future direction of the SZFT platform.
Sanzooz Finance is introducing a new way to trade artificial assets and holding the SZFT token could potentially provide huge returns in the future.
You can add the three tokens described above via the dollar cost averaging method.
Learn more about Sanzooz Finance:
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