Chronoly (CRNO) Outperforms the Entire Market Whilst Hex Coin (HEX) Continues to Struggle
The Chronoly (CRNO) project has now launched, and investors are flocking to a platform with real-world assets. With a 24-7 trading platform for digital assets, Chronoly is offering investors a solid play in difficult times. Chronoly mints an NFT for all of the timepieces that it owns, providing asset-backing to the CRNO token.
Projects such as HEX are struggling due trust issues with some believing the project is a scam. CRNO is outperforming the market because luxury timepieces have proven to be a reliable investment for many years. The Chronoly project is still under the radar, but it will continue to appeal to many types of investors and can rally further as awareness continues to increase in the marketplace.
HEX Price Flounders as Investors Brand it a Scam
Value investor Mike Alfred has taken a shot at the HEX project and called it a scam. The project was launched by Richard Heart in December 2019, as the first blockchain certificate of deposit token. Similar to a standard certificate of deposit, investors earn interest on a deposit for a fixed period. At the end of the locked period, the investor receives the deposit and the interest accrued. Users can get access to lock-in periods of up to 15 years and higher yields. The website says that the average APY is around 40%, which is significantly higher than Ethereum at 4%.
HEX users are therefore encouraged to seek longer lock-in periods and to keep re-staking deposits. That did not sit well with Alfred who said of the project: “HEX is a brilliant scam, which expertly uses FOMO marketing tactics, builds a cult-like group around itself, and uses deceptive numbers and comparisons to make itself seem legitimate.” Alfred continued and called the project an “outright scam”.
Chronoly Brings Trusted Asset Ownership to the Blockchain
Chronoly suffers no such problems over legitimacy because it allows access to real-world assets in the form of luxury timepieces. The project has an intuitive and unique trading platform which allows investors to take fractional ownership of luxury watches from the world’s top brands. CRNO tokens can also be staked for a passive income and the tokens are backed by NFTs of top watch brands.
Chronoly appeals to investors who are looking for safety and security in the crypto market. With no framework for global regulation, many institutions have been unable to invest in cryptocurrency, but the Chronoly project is easy to understand for traditional investors. Many of those investors may already own timepieces and the ability to trade them 24-7 and use their holdings for collateral is huge. It was reported recently that an owner of a Bored Ape NFT was able to get a $1.3 million loan using the piece as collateral. This could also be possible in the watch market and Chronoly will bring an old and trusted investment class into a new digital age.
For more information about Chronoly.io
Website: https://chronoly.io/
Telegram: https://linktr.ee/chronolyio
Twitter: https://twitter.com/Chronolyio
The post Chronoly (CRNO) Outperforms the Entire Market Whilst Hex Coin (HEX) Continues to Struggle appeared first on Analytics Insight.
The Chronoly (CRNO) project has now launched, and investors are flocking to a platform with real-world assets. With a 24-7 trading platform for digital assets, Chronoly is offering investors a solid play in difficult times. Chronoly mints an NFT for all of the timepieces that it owns, providing asset-backing to the CRNO token.
Projects such as HEX are struggling due trust issues with some believing the project is a scam. CRNO is outperforming the market because luxury timepieces have proven to be a reliable investment for many years. The Chronoly project is still under the radar, but it will continue to appeal to many types of investors and can rally further as awareness continues to increase in the marketplace.
HEX Price Flounders as Investors Brand it a Scam
Value investor Mike Alfred has taken a shot at the HEX project and called it a scam. The project was launched by Richard Heart in December 2019, as the first blockchain certificate of deposit token. Similar to a standard certificate of deposit, investors earn interest on a deposit for a fixed period. At the end of the locked period, the investor receives the deposit and the interest accrued. Users can get access to lock-in periods of up to 15 years and higher yields. The website says that the average APY is around 40%, which is significantly higher than Ethereum at 4%.
HEX users are therefore encouraged to seek longer lock-in periods and to keep re-staking deposits. That did not sit well with Alfred who said of the project: “HEX is a brilliant scam, which expertly uses FOMO marketing tactics, builds a cult-like group around itself, and uses deceptive numbers and comparisons to make itself seem legitimate.” Alfred continued and called the project an “outright scam”.
Chronoly Brings Trusted Asset Ownership to the Blockchain
Chronoly suffers no such problems over legitimacy because it allows access to real-world assets in the form of luxury timepieces. The project has an intuitive and unique trading platform which allows investors to take fractional ownership of luxury watches from the world’s top brands. CRNO tokens can also be staked for a passive income and the tokens are backed by NFTs of top watch brands.
Chronoly appeals to investors who are looking for safety and security in the crypto market. With no framework for global regulation, many institutions have been unable to invest in cryptocurrency, but the Chronoly project is easy to understand for traditional investors. Many of those investors may already own timepieces and the ability to trade them 24-7 and use their holdings for collateral is huge. It was reported recently that an owner of a Bored Ape NFT was able to get a $1.3 million loan using the piece as collateral. This could also be possible in the watch market and Chronoly will bring an old and trusted investment class into a new digital age.
For more information about Chronoly.io
Website: https://chronoly.io/
Telegram: https://linktr.ee/chronolyio
Twitter: https://twitter.com/Chronolyio
The post Chronoly (CRNO) Outperforms the Entire Market Whilst Hex Coin (HEX) Continues to Struggle appeared first on Analytics Insight.
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