Sanzooz Finance (SZFT), Litecoin (LTC), and Cosmos (ATOM) could offer potentially high profits in the future. Sanzooz Finance is a new cryptocurrency token that will allow users the ability to create artificial assets on various commodities and currencies. Litecoin has come up with great updates and has been widely used as a payment currency across the world. Cosmos is one of the strongest multi-chain networks currently available and has invited many project developers to its blockchain.
Sanzooz Finance allows the minting of tokenized assets on the blockchain
Sanzooz Finance is a decentralized protocol that will be supervised by multiple DAOs and will help users in trading artificial assets directly on a blockchain network. The trading of artificial assets is a high growth revenue opportunity and Sanzooz Finance could become one of the pioneering blockchains to take advantage of the many diverse revenue options available in this sector.
The SZFT Token will be used as collateral for the minting of artificial assets and the current level is set at 750%. However, this can be increased or decreased in the future and the decision will be taken collectively through the DAO. Users will need SZFT tokens to mint artificial assets which will be returned once it is burned. Sanzooz Finance will help users in making use of trading opportunities in derivatives also.
The current on-chain protocols suffer from many limitations and there is no proper framework for a decentralized interest rate. Sanzooz Finance will make use of a game theory-based approach to decentralize interest rates providing great value to their users. The assets on the SZFT ecosystem will be traded by the peer to contract which will help users in getting great value with almost zero slippage and permissionless on-chain trading.
The SZFT Token will soon be launched on Pancake Swap and the staking facility will be enabled soon. It will also include support for the ETH-BSC bridge. The Sanzooz Finance team has plans to launch other assets such as NFTs and new asset classes will be used as collateral to back artificial assets in the Sanzooz Finance ecosystem.
MimbleWimble officially locked in Litecoin
The Litecoin Foundation announced that the MimbleWimble update had locked in. It required a consensus among miners and would lock in only if 75% would agree and LTC managed to achieve this figure a while back. LTC would not only be able to process faster transactions at a quicker rate but the MimbleWimble update will also help in scaling the blockchain network. Litecoin is one of the strongest altcoins and has managed to stay relevant by becoming one of the most popular payment currencies used widely by many businesses.
Cosmos reaches 265+ apps
Cosmos has managed to achieve the rare status of hosting 265+ applications across its network. This translates to about $143B in digital assets under management. With the launch of the new Interchain Security feature, Cosmos network will soon be securing many chains, in exchange for additional staking rewards. Cosmos is one of the most popular multi-chain solutions and provides side-chain solutions while connecting to the main hub. Cosmos processes transactions at a speed of 7 seconds and costs only $0.01 in fees. It has some of the lowest fees and will soon achieve carbon neutrality.
The three cryptos described above can yield good returns provided you carry out sufficient diversification. Always remember to withdraw profits at regular intervals and it is also a good idea to reinvest a part of the profits. Sanzooz Finance is a strong bet and could yield high returns as it targets the average trader community that does not have many such channels for trading artificial assets.