How Does Adirize Dao Intend To Compete With Other Crypto Projects Like Dash And Pax Gold?

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Ultimately, decentralized finance has outshone the traditional finance industry by eliminating third-party influences from financial processes. Built to operate under the principles of DeFi, the Adirize DAO has developed completely decentralized services for its users.

The DAO accomplishes this using Decentralized Applications (DApps) to assist users with finance activities like borrowing, trading, peer-to-peer payment, and wealth management.

Originally established on the Ethereum blockchain network but recently expanded to other networks. It guarantees total digital and fast transactions.

A key part of Adirize DAO is the development of its unique stablecoin ADI. If you are unfamiliar with stablecoins, they are digital assets that are pegged to another asset, such as a fiat currency, gold, or even another cryptocurrency. The primary objective of stablecoins is to allow people to transact business without fear of price volatility attached to regular cryptocurrencies.

There are many stablecoins today, including USDT, BUSD, DAI, and HUSD, to name a few. Many of these coins fail to completely comply with the principles of decentralization due to their affiliation to fiat currencies (e.g., USD, EURO, etc.).

In several ways, the value of these stablecoins is directly affected by government policies. As a result, they are not entirely decentralized. The Adirize DAO plans to resolve this problem by pegging its native token to an algorithm operating as a reserve of cryptocurrency assets.

This algorithm will replace cash in reserves employed by other stablecoins. The long-term objective of this project is to become a stable currency for daily transactions and consistently serve as an actual store of value.

Also, ADI intends to achieve this stability by adopting free-floating reserve money pegged to many assets. This can be achieved by focusing on expanding supply rather than price appreciation.

With this technique, the purchasing power of ADI will be maintained regardless of the volatility in the market. Thereby making the $ADI is the cryptocurrency to buy now.

Adirize DAO Functionalities

For more clarity, Adirize DAO is not another form of the partially centralized stablecoin like USDT or USDC; instead, it intends to be a decentralized algorithmic reserve currency like Gold, whose value is determined by its users. ADI maintained its ecosystem by adopting two major protocols: staking and bonding.

Adirize DAO Token (ADI)

ADI is a reserve cryptocurrency created with the Adirize protocol. This token should not be confused with stablecoins like USDT or USDC. The coin acts as a stable currency and a governance token for this DeFi protocol.

Those who purchase ADI can either hold it, stake it or contribute liquidity to the ADI LP. In contrast to other tokens, merely holding this coin earns no reward for the user, but those that stake ADI will get $ADI in exchange which qualifies them to partake in the decision-making that develops its ecosystem and earns them rewards.

Adirize DAO Versus Dash Versus Pax Gold

Let’s see the comparative edge Adirize possesses over Dash and Pax Gold

Dash (DASH)

Dash was created in 2014 to improve some of the flaws of bitcoin, including slow transactions and lack of privacy. However, many confused this token with being the replica of Bitcoin because they exist on the same blockchain network. Still, it has a distinct feature of creating a Decentralized Autonomous Organization (DAO).

This token strives to be used as digital cash governed by its users, known as masternodes. However, due to insufficient knowledge, many have criticized these masternodes for voting poorly.

PAX Gold (PAXG)

PAX Gold is an ERC-20 token built on the Ethereum blockchain network. It is a form of commodity-backed stablecoin pegged to one troy-ounce of a London Good Delivery Gold bar held in Brink’s vault.

This token makes buying Gold easier and faster. It also allows anybody to buy Gold in bits. Although, those that want to purchase need to pass through KYC verification which is stressful to some.

However, Adirize DAO offers more valuable services to all its users, which include:

  • Ensuring absolute stability in the price of stablecoin
  • Accepting suggestions from all its users, which is the core objective of decentralization
  • Allowing businesses to carry out transitions with crypto without fearing price volatility
  • Taking away the power of Government from finance policies.

Conclusion

To round this piece off, you have been enlightened about numerous advantages of using Adirize DAO. Join the platform now to gain total control of your finances.

 

Adirize DAO (ADI)
Presale: http://join.adirize.com/
Website: http://adirize.com/
Telegram: https://t.me/AdirizeDAO_Official

 

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.

 

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