Avalanche (AVAX) is now home to the Franklin Templeton Money Market Fund due to its recent blockchain-centric integration, while Cardano (ADA) has postponed its long-awaited Chan hard fork due to the slow pace of centralized exchanges.
With disappointing responses from AVAX and ADA amid these developments, investors are flocking to RCO Finance (RCOF) in search of more favorable terms.
Let’s take a look at what makes RCOF an attractive option.
Franklin Templeton launches Avalanche blockchain fund
On August 24, 2024, asset management firm Franklin Templeton strategically launched the premier on-chain US government money fund on the Avalanche blockchain. According to the AVAX team, this money market fund is the “first” on Avalanche.
A recent integration into Avalanche gives institutional investors access to Franklin Templeton’s blockchain-based storage, Benji Investments.
The decision to leverage Avalanche stems from a digital asset initiative dating back to 2018. In an interview session, John Wu, president of AVA Labs, expressed his excitement that the fund will finally launch on Avalanche. He described the event as a “foundational piece” and explained its importance to the blockchain network.
Meanwhile, AVAX’s reaction to the report has faced criticism, as the asset is said to have underperformed expectations, rising 1.67% to $27.08 in the past 24 hours since the news broke.However, another cryptocurrency on the Ethereum network has caught the attention of AVAX investors.
Cardano Founder Delays Hard Fork: Here’s Why
In a recent update, Cardano’s planned Chan hard fork has been postponed to a new date. Cardano founder Charles Hoskinson confirmed the delay in a tweet on August 23. He noted that some centralized exchanges, such as Binance, need more time to sort out their operations before upgrading.
The Chang hard fork could take Cardano into the Voltaire era, an era of full decentralization where decisions about the protocol are made through public voting.
Initially, the upgrade was scheduled for August 27, with a final go/no-go decision to be made on August 23. However, the date was shifted to September 1 to give the remaining exchanges enough time to join.
Charles Hoskinson likened the upgrade to a rocket that has yet to take off and asserted that there is nothing stopping it. Following the news, ADA rose slightly by 0.83% to $0.393. As a result of the slight increase, ADA investors are moving into the RCOF presale in search of further profits.
RCO Finance’s bullish outlook comes from robo-advisors
AVAX and ADA investors are leaning towards RCOF due to the bullish outlook for the Ethereum project, and this bullishness is due to the robo-advisor attracting many users to its platform through its impressive features.
Robo-advisors are automated tools powered by artificial intelligence technology and machine learning programs designed to provide automated investment services to users.
It offers personalized algorithmic investment strategies that are tailored to each investor’s financial goals, needs, and risk tolerance. Moreover, machine learning programming allows it to identify them.
It also helps users navigate the 120,000 digital assets available on RCO Finance. It uses analytics to point out the most profitable assets. Users can then build a diversified portfolio based on its recommendations to increase their profits.
RCO Finance is the best platform to stake assets for high ROI and rewards, trade multiple assets in crypto to avoid fiat conversion, collect low interest loans, and trade without KYC. The platform has integrated Fireblocks for added security, undergone a smart contract audit by SolidProof to detect potential vulnerabilities, and operates in compliance with the European Union’s Market In Crypto-Asset (MiCA) regulatory provisions.
RCOF Announces Robust Tokenomics, Utility and Presale
The platform is powered by a powerful tokenomics system where native tokens are carefully distributed to ensure smooth and seamless operations. RCOF has 800 million tokens in circulation, of which 50% are allocated for presale, 10% for protocol management, and 12% for liquidity, locked for 3 years.
As RCO Finance’s governance token, holding RCOF gives each holder a say in ecosystem management.
Holders will also receive designated rewards such as quarterly dividends, tier-based rewards, access to airdrops, priority customer support, etc. Tiered rewards will be distributed to investors who hold $50,000 or more in RCOF tokens.
RCOF is in the second phase of its presale and is trading at $0.0343. Investors can purchase tokens at a 50% discount and realize up to a 1,000% ROI when it hits the launch price of $0.40, meaning that investing $10,000 in RCOF could net you $100,000 in profits over the next few weeks.
For more information about the RCO Finance Presale, please see below.
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