Hello steemians, I am very delighted to write my homework post for this week and also using this opportunity to say a very big thank you to prof @besticofinder for this wonderful lecture this week.
In this context, I will be considering two cryptocurrencies issued by two different companies by checking out their whitepaper and make an in profundity research about the two; AKRO and Trustswap for the purpose of investment.
AKRO
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AKRO cryptocurrency which is an origination of Akropolis came into existence in the 2017 to built on the Ethereum blockchain.
AKRO price in this moment is estimated around $0.056 as quoted on coinmarketcap.com. AKRO is in the 279 position by market capitalization in the crypto ecosystem with a market cap of $154,908,320.10 and trading volume of $34,374,119.70 with 2,709,327,981 AKRO as the circulating supply.
Akropolis Team
Akropolis came into being in the year 2017 and it was an innovation of co-founders Ana Abrianova and Kate Kurbanova. And in the year 2019, the team held an ICO (Initial Coin Offering) where they were able to raise $2.4 million in Ethereum (ETH) which was exchanged for their AKRO tokens.
The firm has since partnered with many other projects and protocols since it came into being, and these are some of the protocols they have partnered with. This includes Maker, Polkadot, Bankor and Chainlink.
AKRO Project Concept
The aim of Akropolis is to invent a platform where several decentralized finance (DeFi) tools are put together for users to have access to the DeFi world such that the tools operate on a common framework known as AkropolisOS.
This is also done so that users can used the platform to carry out so many transactions like buying and selling,exchange,borrowing assets easily.
One other creation is the incorporation of existing protocols built on the Ethereum blockchain, Maker and Compound with the aim of bringing all DeFi tools into one place to make it easy for users to used.
AKRO DApps and Smart Contracts
Akropolis incorporate smart contracts which enhance to operate transactions on the platform and also allows innovators to build DApps on the network.
There are two particular DApps built on the platform by the team of Akropolis namely; Sparta and Delphi which uses the AkropolisOS framework to utilize. The exceptional creation of built-in DApp on the platform removes the involvement of third parties in transactions(owners have full control of their assets and transactions).
AKRO Liquidity and Transactions
liquidity of an asset is a function of how easily it can be converted into cash, also liquid assets are those that can be used to pay off debts in a hurry.
liquidity of an asset is determined by the ease of swapping, buying or selling and trading of such assets and many other factors.
AKRO is widely available on exchanges for trading and this makes it easy to acquire and thereby having high liquidity.
What Is TrustSwap (SWAP)?
About TrustSwap(SWAP)
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TrustSwap is a dispersed platform, digital currency and show that ensures another headway to decentralized record (DeFi). It intends to achieve this through forefront multi-chain token exchanges and various functionalities that mean to deal with existing issues with split portions, enrollments and cross-chain token exchanges.
TrustSwap Team
Jeff Kirdeikis (CEO): Jeff is the Founder and CEO of Uptrennd, the world's generally associated with blockchain-based online media stage. He is the host of The Bitcoin and Crypto Podcast and runs the world's generally associated with FB crypto bundle.
Adam Barlam (CTO): Adam is the dev and coordinator behind the exercises Bravocoin, a phase that licenses customers to get crypto for making overviews and Rebuzz, a decentralized casual local area. He has as of late filled in as a Sr. Organizer at Godaddy and Intel.
Beside the two bosses, the gathering in like manner consolidates advisors, for instance, famous crypto Youtubers, Michael GU and Ivan Litjeqvist. Others join Mauvis Ledford, a past CoinMarketCap CTO and a past master (tech and assessment) at the Bill and Melinda Gates Foundation.
Some More Information about TrustSwap (SWAP)
According to the coinmarketcap
Market Cap $323,530,559
Fully Diluted Market Cap $398,265,572
Volume $7,394,783
Social Media Account Link
Discord https://discord.com/invite/rAJPgrq
Telegram https://t.me/TrustSwap
Circulating Supply 81,234,880 SWAP
Market Rank #142
CONCLUSION
As we can see, TrustSwap currently has a higher price but a lower capitalization, so we can explain that as its capitalization increases, so will its price, and we will be able to make more profit. On the other hand, Akro has a significant capital but is currently trading at a low price.
Hello @tymes2 ,
Thank you for submitting homework task 7 ! You have done a comparison between AKRO and TrustSwap with a fundamental
analysis.
so what will be your selection from these two ?
[5]
Thank you
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