Cryptocurrencies are volatile investment assets. The assets’ upsurge is known to benefit investors significantly. Small investments could quickly turn into millions when timing is done correctly. The fastest way to create wealth investing in cryptocurrencies is by buying into small projects before they explode into massive adoption. A great way to achieve this is by allocating funds to buy into promising ICO events like the currently running initial coin offering of Bitcoin Spark. Other good projects that can potentially create wealth for investors are Uniwap and Aave.
What is Uniswap?
Uniswap refers to a decentralized exchange powered by the Ethereum mainnet. The exchange is among the largest DEXs in the world in terms of trading volume. The fact that the exchange is decentralized means that it is not operated under any entity, unlike centralized exchanges like Coinbase and Binance, which require KYC verification by customers before they start trading. Although centralized exchanges own most of the stakes in cryptocurrency trading, decentralized exchanges like Uniswap are becoming popular. Their success was fueled by the collapse of FTX, a major centralized exchange headed by founder and former CEO Sam Bankman Fried. Uniswap’s native digital currency is UNI, the governance token.
What is Aave?
Aave is a DeFi lending and borrowing platform that capitalizes on smart contracts to execute the transactions mediated between lenders and borrowers automatically. Aave’s main focus lies in overcollateralized loans that mandate borrowers to deposit digital assets worth more than they want to borrow. The over-collateralization feature protects the lending clients from losing money due to loan defaults. The feature also allows the protocol to liquidate the assets if their value drops significantly.
Is Bitcoin Spark a good investment?
Aave and Uniswap have played a significant role in the evolution of decentralized finance by providing decentralized exchanges as well as lending and borrowing platforms. However, these projects stand no chance against what Bitcoin Spark, the newest BTC fork, can offer investors.
Judging good and bad investments in DeFi is characterized by the amount of utility driving an ecosystem. For instance, Bitcoin Spark’s utility is bringing a revolutionary change in the crypto world by introducing smart contracts and a self-sustaining hemisphere that rewards investors and network participants despite underlying market conditions.
Bitcoin Spark is among the most lucrative investment deals sophisticated crypto investors invest in. Utility drives crypto prices to skyrocket, while a bull market increases market volatility. Bitcoin Spark is getting closer to its official launch, scheduled to happen immediately after the ongoing ICO event comes to a halt. This schedule is heavily coinciding with an imminent bull market that is being fueled by increasing Bitcoin ETF applications and Bitcoin’s overall price action.
The network intends to utilize a unique marketing campaign to boost its reach to Web3 netizens, including traditional and modern marketing methods. The developers and the marketing team at Bitcoin Spark dub this marketing strategy an innovative disruption. Bitcoin Spark’s smart contract audits were headed by independent auditing firms a few weeks ago.
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