In the past decade, crypto exchanges have had no choice but to advance in order to keep up with the development and speed of the crypto world. Some cryptos like Algorand (ALGO) and Fantom (FTM) are doing their best to keep up. But, there’s one new generation exchange planning to provide solutions to all advancement issues by simply matching the trustless custody and centralized exchanges with advanced decentralized exchanges.
Quitriam Finance (QTM)
Quitriam Finance (QTM) protocol looks set to boost the financial market by offering itself as a layer for settlements, market making as well as liquidity. Its users will have the opportunity to customize their strategy in trading as well as tweak whatever risk exposure they want. In addition to all this, Quitriam Finance (QTM) looks to offer the following immense features in a bid to boost the market.
Quitriam Finance (QTM) is allowing users to trade with any pairing of choice. It plans to use its governance to ensure that only the best trading pairs are shown. Normally, most liquidity pool trading is predicted on having assets that are enough for every pool to provide better trades. Quitriam Finance (QTM) is going to fix this issue by giving users incentives to make deposits and offer liquidity.
Quitriam Finance (QTM) aims to run community governance that will:
- Make sure token holders are able to vote on governance proposals.
- Bring new assets as well as build incentives that will bring empowerment for financial products.
- Bring about real-time settlement
- Provide a unique swift trading experience with deposits automatically made to your wallet.
In a manner of speaking, one would say that Quitriam Finance (QTM) is trying to build a one-stop shop for everything Defi.
This is similar to Caprice finance’s (CFT) initiative to create a one-stop shop metaverse for all things NFT. As a multichain cryptocurrency, Caprice finance (CFT) wishes to offer NFT solutions that will ensure proper utilization of cryptocurrency technology and bring about high levels of wealth.
Quitriam Finance (QTM) believes that DeFi is still in its early phase with a lot of untapped potential. Having seen how new users in the industry face tedious barriers before entry, Quitriam Finance (QTM) looks to minimize this barrier. The overall goal is to build an ecosystem where veterans and newbies can maximize all the numerous benefits of Defi.
Quitriam Finance (QTM) will allow its users to stake tokens on their platform in a bid to encourage liquidity mining. The rewards realized will be paid in Quitriam Finance. The beautiful part of this is the fact that users can unstake at any time.
Fantom (FTM) has been improving in popularity over the past few months and that has increased its value over that period of time. One of the reasons for its fame is the relatively high transaction speed it has. This is coupled with a gas fee that is virtually close to $0.
Fantom (FTM) is able to achieve great numbers in its transaction speed because of the unique proof-of-stake system it employs.
Proof-of-work is what most blockchain networks use but has proven to be inferior to proof-of-stake in terms of sheer speed.
As it stands, Fantom (FTM) can process over 10,000 transactions in a matter of seconds without getting congested. To think that its developers promise to make this number go as high as 300,000 in the nearest future is insane.
Algorand (ALGO) is similar to the other two coins discussed so far. It was created to offer genuine speed to transactions with very little fee involved. It’s safe to say that Algorand (ALGO) hasn’t disappointed yet even though it was created when so many blockchains saw a flurry of slow transaction speeds. Algorand (ALGO) is based on a unique permissionless protocol, making sure it features very little gas fees without the need of mining anything.