Shiba Inu (SHIB) and Aave (AAVE) are among the top 50 tokens in the cryptocurrency market. They have a significant community of enthusiasts and offer market-relevant features. Presently, the new cryptocurrency Rocketize (JATO) intends to emulate their success.
Rocketize is still developing but aims to build a large community by attracting users with its features and earning opportunities. This article will discuss the project and compare its chances in the market to those of Shiba Inu and Aave. Let’s get into it.
What is Rocketize About?
Rocketize (JATO) is a new cryptocurrency that has been described as a DeFi meme coin. It intends to build a large community of meme coin and DeFi enthusiasts on the BNB Chain.
The project aims to generate popularity by leveraging meme hype. However, it will sustain its popularity with other market-relevant features.
For example, Rocketize (JATO) will offer a decentralized exchange (DEX) where users can trade cryptocurrencies at low fees. It will also offer a staking feature for users to earn passive income.
Another earning avenue on Rocketize is its NFT feature. Users can mint NFTs on the platform and sell them on its NFT marketplace for profit.
Rocketize’s JATO token will power all platform interactions, including trading fees and staking rewards. JATO holders can also contribute to platform governance. They’ll also benefit from the price surge that will come as a result of the project’s proposed token-burn mechanism.
The project is currently running a pre-sale where you can buy JATO cheaply. There is also a list of pre-sale bonuses that participants are entitled to. You can get up to 15% extra tokens when you deposit ETH, BTC, USDT, BNB, SOL, DOGE, or SHIB.
Shiba Inu’s Expanding Ecosystem
Shiba Inu (SHIB) is a popular token that entered the cryptocurrency market, leveraging meme hype. It was created to make fun of the original meme coin, Dogecoin. However, Shiba Inu has expanded its ecosystem beyond the meme coin sector.
The project has amassed a large community that votes to add more features to the ecosystem. Shiba Inu (SHIB) has now launched a decentralized exchange (DEX) and a metaverse. It is also working on other features to make the token retain its value and market relevance.
Aave’s Decentralized Finance Protocol
Aave (AAVE) is a popular DeFi platform for crypto-backed borrowing and lending. The platform started on the Ethereum blockchain but has since moved to other chains, including Avalanche, Fantom, and Harmony.
Aave has several pools where liquidity providers can deposit their assets instead of holding them idly in their wallets. Borrowers who need funds but do not want to sell their assets supply them to the platform as collateral and take loans from the pool. They pay fees that are shared among liquidity providers.
AAVE has stayed at the top due to this service’s usefulness, allowing crypto traders to assess funds without liquidating their holdings and incentivizing lenders to lock up their assets. The platform has higher values locked in its pools than in other similar service providers.
Rocketize believes its DeFi meme project will appeal to a significant number of users in the cryptocurrency market. It is also adopting a token-burn mechanism that will continually reduce the number of tokens in circulation while pumping the price of the circulating supply.
If Rocketize delivers on its promises, it could become as big as Shiba Inu and Aave.
Rocketize Token (JATO)