Two crypto projects that show knowledge is key – Shiba Inu (SHIB) and Sanzooz Finance (SZFT)
Despite having been on the market for less than two years, Shiba Inu (SHIB) has made a big impact in the cryptosphere, having been able to secure a spot in CoinMarketCap’s top 20 cryptocurrencies.
The token, which takes its name from the widely popular dog breed, has put itself in direct competition with crypto juggernaut Dogecoin (DOGE), consciously taking on a similar visual motif through the use of a Shiba Inu dog. It is a daring move, but one that seems to have paid off spectacularly, bringing massive success.
Shiba Inu (SHIB) is a great reflection of the current state of cryptocurrency- that currencies that come into the environment with a deep knowledge and understanding of it will thrive, not only from a technological perspective, but from a social one too.
Crypto is a community, with internal language, inside jokes, and communal likes and dislikes. Shiba Inu (SHIB) came into crypto knowing this, drawing from the community’s love of memes, dogs, and Elon Musk, to create a token that the community would adore and, therefore, bring to great success.
But, what will Shiba Inu’s (SHIB) future hold? Will it be able to live up to its ferocious name and take down Dogecoin (DOGE)? Or is the title of top-performing meme coin still to play for?
Sanzooz Finance’s (SZFT) Crypto Trading Evolution
Another cryptocurrency predicted to thrive due to its spectacular industry knowledge is Sanzooz Finance (SZFT), whose targeting of the exceptionally valuable derivative, otherwise known as artificial asset, market is sure to have them set for phenomenal financial success.
The derivative trading market is estimated to be worth more than a quadrillion dollars; a staggering number that can only be put into perspective by the fact that this is 600 times larger than the current total crypto market cap. Sanzooz Finance (SZFT) have made it their goal to become a key player in this market, to dominate the space and, in turn, make a more than substantial profit.
There are several ways Sanzooz Finance (SZFT) intends to do this. These are just two of them.
1. Provide Options
Giving users options is key to a successful crypto service. This has been seen with the increasing inclusion of multi-chain technology in many blockchain protocols, but in Sanzooz Finances (SZFT) case, this choice comes in the form of the types of artificial assets available for trade.
At the start of Sanzooz Finances (SZFT) journey, users will be able to trade in cryptocurrency, inverse cryptocurrency, cryptocurrency indexes, commodities and even fiat currency. This, already, is a wide breadth of options, allowing for a healthy community to form where anyone can find what they are looking for.
More options mean a more active user base, with those involved in trading being incentivised to use a singular platform for all of their trades, due to the convenience of having everything in one place. It is a simple yet efficient strategy, and one that Sanzooz Finance (SZFT) seems to be hinting could expand further in the future.
2. Peer-to-Contract Trading
Sanzooz Finance (SZFT) has chosen to go off the books with their decentralised exchange, opting for a peer-to-contract (P2C) exchange where trades will be done via the smart contracts themselves. This system, which sees an oracle supply price feed, means assets are given a pre-designated exchange rate, which can be converted through Sanzooz Finances (SZFT) exchange.
This means almost infinite liquidity for traders, with only factors like the exchange’s collateral and slippage being needed to be considered. This can lead to massive profitability to those involved, whilst also providing a healthy pool of liquidity to fall back on if needed.
Overall, with this strategy in place, Sanzooz Finance (SZFT) has set itself up for success. With great options for users, and a system that provides endless opportunities, Sanzooz Finance (SZFT) has been able to figure out what derivative traders want, and craft a protocol that is perfect for them.
How big a slice of the derivatives market Sanzooz Finance (SZFT) is able to take, however, will just have to be seen to be believed.
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