There are a lot of different blockchain projects in operation today. Deciphering between these platforms can help you to make an educated investment decision. Both ANKR and META 1 Coin provide unique features to the market and are considered up-and-coming projects to watch. Here’s what you need to know.
What is ANKR
ANKR entered the market in November 2017. The platform’s founders, Chandler Song and Ryan Fang are well known in the blockchain sector. Specifically, they co-founded the NFT marketplace bounce. This experience helped the two come up with the ANKR concept.
ANKR is a multi-cloud blockchain infrastructure provider designed to meet the needs of enterprise-level clientele and researchers. The network supports features such as Web3 infrastructure and cross-chain staking. The goal of the project is to provide access to affordable cloud computing services and other DeFi features. Users can build advanced Dapps, stake their tokens to earn rewards, and host nodes.
What is META 1 Coin
META 1 is the stablecoin that provides META blockchain users with access to the network’s features. This coin integrates some advanced features that make it stand out amongst the crowd. For one, it’s the first self appreciating stable coin in the market. It’s also the only token to introduce a value control mechanism to protect against pump and dump schemes.
META 1 was built from the ground up to support the various wealth generation features provided by the METANOMICs DeFi network. The project’s founder, Robert P. Dunlap, wanted to create a more level playing field for the average user. He examined the current state of the centralized financial sector and decided that the best option was to create an entirely new system that was free from corruption.
What Problems was ANKR Built to Alleviate?
ANKR helps developers solve a major problem in the market today, compartmentalization. There is a multitude of decentralized networks operating today. These blockchains provide valuable services to the market but lack the ability to communicate data freely between each other. ANKR’s technical structure enables it to connect +40 blockchains including leading networks such as Ethereum, Polkadot, Binance Smart Chain, and more.
ANKR also helps to maintain network decentralization. Its simple staking and node operation features allow developers access to +8000 nodes. As such. the protocol provides out the box solutions for analytics providers, exchanges, and staking networks.
Cost Effective Cloud Computing
Another problem that ANKR tackles is centralization in the cloud computing department. Currently, platforms such as Amazon dominate the sector. This enables these firms to dictate market rates at will. ANKR lowers the cost of cloud computing in multiple ways. For one, companies save on hardware and implementation costs.
What Problems was META 1 Coin Built to Alleviate?
META 1 seeks to eliminate volatility from the network. The technical structure of the META 1 Coin is built in a way that prevents large-scale value drops. For example, the token has a smart contract that requires you to verify that you are an actual person and not a company or investment firm. This approach helps to reduce centralization and whale manipulation.
META 1 also helps to reduce censorship and centralization. The network operates free of centralized financial regulators which enables it to offer features and services that were previously unavailable. Users can take their META 1 Coins and secure rewards by staking, saving, and trading. They can also use the token as a store of value or cryptocurrency.
How Does ANKR Work?
ANKR is an Ethereum-based DeFi network. Users can create their own staking nodes and earn passive rewards for securing DeFi networks. The platform provides a one-click solution that removes all the technical boundaries from these services.
Developers can leverage the API services of the network to access data from top-performing DeFi networks in near real-time. This opportunity enables developers to create more responsive Dapps. They can improve their user’s ROI opportunities through the integration of these DeFi features.
How Does META 1 Coin Work?
META 1 is just one component of the much larger META Blockchain network. This all-inclusive DeFi platform combines features such as staking and a high yield savings account, with a DEX and more. Users can get META 1 Coins from the META DEX and pay low fees. They can also trade their tokens for other popular projects such as Ethereum and Bitcoin.
Once you have META 1 coins in your wallet, there are a lot of ways to earn rewards. For those seeking an easy way to secure ROIs, the savings account feature pays out 10% APY with low risk. There are also staking options available. Staking is a great way for new users to enter the blockchain sector because you don’t need to monitor the market to profit. Your rewards are based on the number of tokens you stake and for how long.
META 1 introduces a VISA debit card to help bridge the gap between the METANOMICs universe and the traditional financial sector. You can spend your crypto anywhere that accepts the VISA logo using this card. To accomplish this task, the system converts your crypto to fiat at the POS. Best of all, your vendors receive fiat currency so they don’t need to make any changes to their system.
The META blockchain is a fourth-generation network that supports full DeFi capabilities. This high-performance blockchain enables the network to scale up to meet the needs of the market. It also provides the DEX with trading throughput on par with NASDAQ.
ANKR vs META 1 Coin
ANKR serves a vital role in providing academics and enterprise clientele affordable cloud computing services. This strategy benefits the entire market as data storage is a key component of these networks. On the flip side, META 1 represents a desire to achieve financial freedom from a corrupt system that has hurt investors for +100 years. As such, its noble cause and unique features make it a powerful alley for those seeking to expand their holdings.