Investing in the crypto world has been a tricky path for many. Investors are looking for various factors like security, reliability, and relevance in the real world. However, finding a project that has all these factors has proven to be quite challenging.
Chronoly.io, a blockchain-based watch marketplace, now offers investors a tangible investment opportunity that is secure and reliable. Although the Chronoly.io (CRNO) token is still in its presale stage, many are already showing confidence in Chronoly.io and its ecosystem.
This article explains what Chronoly.io (CRNO) has to offer and examines why investors are choosing CRNO over established cryptocurrencies like Zcash (ZEC) and Polkadot (DOT).
Zcash (ZEC): the privacy token
Zcash (ZEC) is a decentralized cryptocurrency that focuses on anonymity and privacy. It uses the zk-SNARK zero-knowledge proof technology so that nodes on the network can verify transactions without disclosing sensitive information about them.
Zcash (ZEC) transactions are relayed via a public blockchain. However, by default, ZEC transactions do not reveal the amount being sent or the sending and receiving addresses. If required for the auditing or regulatory compliance purposes, this information can be made available.
Since the early Bitcoin days, many have been on the lookout for more secure payment methods in the crypto space. Therefore, when Zcash entered the market in October 2016, the demand among investors was quite high, causing the price of the ZEC token to reach $5,000 in just a week.
However, the price has since decreased, and ZEC stands at $65.01 per token as of 21st August 2022. Many investors now want to invest in a project that’s more than just a token for secure transactions.
Polkadot (DOT): enabling secure cross-blockchain transfers of all data and assets, not just tokens
Polkadot (DOT) is an open-source protocol that secures and unites parachains, which are a growing ecosystem of specialized blockchains. Polkadot allows apps and services on its network to securely communicate across chains — the basis for seamless interoperability between blockchain ecosystems.
DOT is the token of the Polkadot protocol, serving three distinct purposes: network governance, staking, and bonding. However, despite its triple utility, the DOT token is still considered to be a newcomer to the crypto market. Due to the lack of proper infrastructure, large amounts of liquidity are unavailable, causing investors to lose faith in the project. Further threatening Polkadot’s success is the lack of a tangible asset to support the Polkadot (DOT) token.
Since May 2022, Polkadot’s price has experienced a constant flux of highs and lows, reaching $7.41 per DOT token as of 21st August 2022 — much below its all-time high of $55.
Due to this market instability of the DOT token, many have turned away from Polkadot and are now choosing Chronoly (CRNO) for their crypto investments.
Chronoly.io: a tangible investment opportunity that’s reliable and Trustworthy
Chronoly.io (CRNO) is the world’s first fractional watch investment platform that offers investors NFTs backed by luxury timepieces from brands like Patek Philippe, Richard Mille, Rolex, Audemars Piguet, and more.
Chronoly.io allows users of all demographics to enter the watch investment space for as little as $10, with added access to private members clubs, dedicated watch concierge services, exclusive NFT drops, networking events, and more.
Investors can purchase an NFT fraction of a watch or collect all the NFT fractions to retrieve the physical watch from Chronoly.io’s vault. What makes Chronoly.io trustworthy is that all watches are professionally verified to be authentic before they even enter Chronoly.io’s vault.
Early Chronoly.io holders receive the CRNO token, as a reward for the project’s investors and community. The CRNO token can be staked to generate a passive income and qualify for Chronoly.io exclusive members club, giveaways, cash prizes, and other exclusive monthly rewards.
Chronoly.io was launched in May 2022 and its token, CRNO, has performed extremely well since then — the CRNO token’s price increased from $0.01 to $0.066 in just a few weeks after its launch. Crypto experts and analysts now predict that CRNO may even reach $0.75 before the end of the project’s final presale stage.
For more information about Chronoly.io presale