The current market conditions offer great investment opportunities. We have decided to take a look at three projects that have unique fundamentals and may reward investors with significant returns, the projects are Ethereum (ETH), VeChain (VET), and Mehracki (MKI).
Stick to Ethereum (ETH)
Ethereum (ETH) is a smart contract platform that was created to allow developers to build applications for decentralised finance. The first cryptocurrency to instigate the rise of blockchain technology was Bitcoin, offering a decentralised peer-to-peer payment network. Ethereum wants to take the vision further by offering more use cases through its secure decentralised application (dApp) environment. Ethereum’s smart contracts enable the deployment of a wide variety of applications such as finance, gaming, identity/supply chain management, advertising etcetera.
The project was first proposed in 2013 by a young computer programmer Vitalik Buterin, The aim was to expand the utility of cryptocurrencies by allowing developers to create their unique applications. Unlike traditional applications, these Ethereum-based apps, referred to as “decentralised applications,” are self-executing thanks to the function of smart contracts.
Smart contracts are code-based programs that are stored on the Ethereum (ETH) blockchain and automatically carry out certain functions when predetermined conditions are met.
VeChain (VET) to Improve the Supply Chain Sector
VeChain (VET) is a Layer 1 blockchain platform that offers multiple functionalities for small organisations up to giant corporations. Founded in 2015 they are a blockchain built specifically for the tracing of products. The team has identified that businesses were losing funds annually due to logistic issues such as illness from foods or lack of quality. Therefore, VeChain created “Tool Chain”, a feature that acts as a solution for enterprises that want to adopt VET into their system.
The package enables businesses to obtain chips and an interface to view the products’ history on the blockchain during every step of the process. The toolchain incorporates powerful APIs along with Internet of Things sensors.
The main issue that most supply chains have is knowing when their products will reach their destination. When do people want the products they ordered? Some would say yesterday! But, if organisations were able to track the product using the functionality of VeChain (VET) they could easily plan their manufacturing or their shipment routes accordingly.
Mehracki (MKI) – The Project for Everybody
Mehracki (MKI) is a new unique meme token that is yet to be released. It has real-life utility and practical implications. This makes the token different and separates it from the average meme token. Meme tokens have been one of the most unpredictable investments in recent times, as some cryptocurrency enthusiasts have labelled them as ‘incompetent’ or ‘unserious,” mainly due to the lack of utility.
Mehracki (MKI) is aiming for longevity with all new advances being published in a wide variety of press releases. By supporting independent, free group initiatives in development and community management, Mehracki (MKI) highlights its community values and the importance of the company ethos.
Mehracki (MKI) highlights the importance of transparency with the community. Any progress reports must be shared openly and they have a strong focus on scalability. The network is built to scale and allow modest value transactions so users benefit from an affordable service on the network.
The projects all have unique features that contribute to the blockchain space and will attract many investors. Now would be the right time to invest whilst the market has crashed, however, it is imperative to do your research before deciding on an investment.
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