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Harnessing the Power of Smart Contracts to Offer a Better Loaning System

February 26, 2024
Reading Time: 8 mins read
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$AITEK

$AITEK

London, UK, Feb. 26, 2024 (GLOBE NEWSWIRE) — Think about a world the place your crypto property may do extra than simply sit in a pockets, the place your token, irrespective of its market cap, may unlock new monetary alternatives.

Welcome to the daybreak of $AITEK, a DeFi protocol designed to remodel your digital property into highly effective instruments for leverage and loans. This is not simply one other crypto platform; it is a gateway to reimagining your funding’s potential. Let’s dive into how $AITEK is setting the stage for a monetary revolution.

$AITEK represents a major step in decentralized finance (DeFi) by introducing a lending protocol that permits customers to leverage their cryptocurrency holdings, together with each low and high-cap tokens, as collateral for loans and to enter Lengthy and Quick positions on numerous tokens.

To supply a complete comparability, it is important to grasp each $AITEK and a few of its nearest competitors:

$AITEK Overview

$AITEK is a DeFi protocol that innovates by permitting customers to take out loans towards a variety of their cryptocurrency holdings. This inclusivity of low and high-cap tokens as collateral is a distinguishing function, as many present DeFi lending platforms prohibit collateral to extra liquid, high-cap cryptocurrencies or different property akin to NFTs, LRTs, and RWAs. By broadening the vary of acceptable collateral, $AITEK may probably unlock extra worth and supply larger flexibility for crypto holders. This strategy not solely enhances liquidity within the DeFi ecosystem but in addition opens up new avenues for funding methods and monetary administration throughout the crypto house.

$AITEK doesn’t simply cease at lending. Whereas solely being launched for underneath a month, they’ve additionally launched leverage buying and selling throughout numerous cryptocurrencies, with a twist.

In an try to make sure zero unfavourable impression to any of their listed coin’s charts, $AITEK has created a novel strategy that really is a value-add to any undertaking that’s trying to pay to record on their platform. $AITEK permits customers to invest on worth actions by artificial spinoff positions, with costs mirrored from the Uniswap Router. Which means that $AITEK has full management over the well being and safety of their swimming pools whereas not truly needing the underlying asset to be included within the pool. This enables customers to truly double down on their bets or hedge their bets by getting into positions that mitigate their general threat, with out having an impression on their underlying holdings.

Competitors

Lending and leveraging (lengthy AND brief) throughout low AND excessive cap cash locations $AITEK in a league of its personal, with no direct rivals at the moment offering such a complete service. Their pioneering strategy to lending not solely broadens the attraction of DeFi but in addition ensures that traders with various portfolios have unprecedented entry to liquidity, marking a major leap ahead within the crypto lending area.

Its closest competitor in lending could be Blur.io, which is primarily often known as a market for buying and selling non-fungible tokens (NFTs), providing superior options for NFT merchants akin to portfolio administration instruments, analytics, and batch minting capabilities. Whereas Blur.io operates throughout the DeFi and broader cryptocurrency ecosystem, its focus is distinctly completely different from that of $AITEK. Blur.io’s emphasis is on NFTs, offering a platform for collectors and merchants to work together, moderately than providing monetary providers like loans towards crypto holdings.

Comparative Evaluation

  • Collateral Varieties: Probably the most obvious distinction is the kind of property they concentrate on. $AITEK extends its providers to a broader vary of digital property (high and low cap tokens), whereas Blur.io focuses on NFTs. This distinction makes $AITEK extra inclusive for customers searching for liquidity with out promoting their holdings, whereas Blur.io caters to a distinct segment market of NFT lovers.

  • Service Providing: $AITEK is pioneering within the DeFi lending house by offering loans towards a big selection of tokens, probably reworking how customers leverage their digital property. In addition they supply leverage buying and selling, which Blur.io doesn’t. Blur.io, although modern within the NFT market, provides a unique suite of providers targeted on buying and selling and managing NFT property moderately than monetary liquidity options.

  • Market Impression: $AITEK may considerably impression the DeFi market by rising the varieties of collateral that can be utilized for loans, probably resulting in extra inclusive monetary providers throughout the crypto ecosystem. Blur.io impacts the NFT market by enhancing commerce functionalities and offering worthwhile instruments for NFT lovers, thus fostering a extra vibrant NFT ecosystem.

  • Consumer Base: The goal person base additionally differs; $AITEK appeals to a broad spectrum of crypto holders in search of liquidity options and a bigger TAM, whereas Blur.io targets NFT collectors and merchants searching for a devoted platform for his or her particular wants.

Complete Addressable Market

NFTs:

  1. Income within the NFT market is projected to succeed in US$2,378.0m in 2024. (statista.com)

  2. The variety of customers is anticipated to quantity to 16.35m customers by 2028. (statista.com)

Crypto:

  1. Income within the Cryptocurrencies market is projected to succeed in US$51.5bn in 2024. (statista.com)

  2. The variety of customers is anticipated to quantity to 992.50m customers by 2028. (statista.com)

Evaluation signifies that $AITEK is healthier positioned to capitalize on a broader market alternative in comparison with its counterparts, primarily as a result of the scope and liquidity of the cryptocurrency market considerably surpass these of the NFT sector. This comparative benefit means that $AITEK has entry to a bigger pool of potential progress and engagement throughout the DeFi ecosystem.

Present Market Capitalization

Blur.io: $2,315,231,821

$AITEK: $5,531,507

Given the in depth whole addressable market and the modern options $AITEK is growing, its present market capitalization considerably undervalues its potential. This discrepancy suggests a considerable alternative for progress. As $AITEK continues to develop its choices and penetrate the market, it’s affordable to anticipate a substantial adjustment in its valuation over the upcoming quarters, reflecting its true worth and potential throughout the DeFi ecosystem.

Conclusion

$AITEK is strategically positioned to dominate a beforehand untapped phase throughout the DeFi market, establishing itself as a pioneering pressure. This modern strategy not solely has the potential to redefine buying and selling practices but in addition to unlock a major quantity of liquidity throughout the sector. Such developments signify a substantial profit for the broader group, promising to reinforce the monetary panorama for all stakeholders concerned.

Website | Twitter | Telegram | Medium | Docs | Linktree

https://leveragetechnology.io/
https://t.me/aitechnologyportal

Disclaimer: The data supplied on this press launch will not be a solicitation for funding, neither is it meant as funding recommendation, monetary recommendation, or buying and selling recommendation. It’s strongly really useful you apply due diligence, together with session with an expert monetary advisor, earlier than investing in or buying and selling cryptocurrency and securities.

CONTACT: David Strut crew(at)leveragetechnology.io



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