Secure Your Retirement With SignUp, While Cardano and Polygon Continue to Evolve
As regulators wage war on the crypto industry, certain standouts continue to persevere in this bear market. SignUp, Cardo (ADA), and Polygon (MATIC) are three promising projects that are making moves to propel the decentralization of finance whilst offering innovative use cases for a range of users and industries. Read more to find out
Polygon: Pragmatic Progression
Polygon (MATIC) has recently launched its own web3 identity service known as Polygon ID., powered by ZK Proofs. This new feature allows for applications that are built on the blockchain to validate user credentials without risking personal information. This self-sovereign identity structure works to resolve the problem of digital trust, especially regarding personal information, for businesses and individuals alike. The feature adds another layer of security by utilizing zero-knowledge proofs, which use cryptographic techniques to enable users to verify their identity without having their information passed further or possibly stored with a third party. The objective of this new feature is to reduce the cost, time, and complexity of user onboarding and verification; there are a number of reasons why this new update could be advantageous for businesses and individuals alike. For example, it can be used for the implementation of password-free logins. Banks can use the service for the repayment of loans through immutable smart contracts, and individuals can have a firmer grasp of control over their own identity, as well as greater flexibility in the way in which they utilize their personal data. This new addition to the Polygon (MATIC) ecosystem further increases the functionality of the platform, which could see a significant price increase for MATIC- the governance crypto of the Polygon network, which is currently trading at $1.13 at the time of press.
Cardano: Compelling Use Cases
The progression of the Cardano (ADA) ecosystem has seen a steady incline, especially within its NFT ventures. Cardano founder Charles Hoskinson claims that NFTs issued on the network stand out the most, making it the most vibrant part of the ecosystem. This is certainly evident from its fast-moving nature and high-engagement rates, as 8 million digital assets have already been issued by the network, with over half being NFT-related. The network continues to hit significant milestones, with the successful minting of cBTC- a wrapped form of the Bitcoin token (BTC) on the Cardano network. This is a great stride forward for the ecosystem, as wrapped assets work to bridge liquidity from other ecosystems. This means that users can utilize the functionality of BTC within the Cardano network with newly wrapped BTC (cBTC). This can help unlock the liquidity of the BTC market, which is currently set at $432 billion. The native token of the Cardano network, ADA, is currently trading at $0.333891 in the last 24 hours.
SignUp: Simplifying Decentralised Finance
SignUp Token is an emerging crypto token with a twist. The concept of the project is to bring people closer to retirement by decentralizing personal finances through an email subscription. Users sign up with an email address that will be verified, and progress updates will be sent out throughout the development process of this lucrative project. Once the project reaches 1 Million email subscribers, the token will be launched on the Uniswap exchange platform. The ERC-20 token can then be exchanged for other Ethereum-based tokens. The simplicity of this project is what is most attractive to investors, especially to those just starting out. One does not need to be an expert in decentralized finance to benefit from this project, as it cuts out the middleman and emphasizes the importance of a tight-knit and informed community. The project aims to create passive streams of income for its community at a global level through an easy-to-use email subscription process that will make the token known across the world. What makes the token so unique is its distinct decentralized nature, as the project does not have a doxxed team. Its value and success completely depend on the active participation of its community, which is continuously growing. Community members are informed regularly through these emails so that when it comes to launching, everyone can have the equal opportunity to create generational wealth for themselves and lay down the foundations of a fruitful and secure retirement.