Through its burn mechanism TGT is a deflationary token AND 40% of the supply is rewarded to the community.
15) Thorwallet also plans to integrate a credit card service next year and an extended Swap functionality allowing swaps in +27 chains including all top EVMs.
They want to offer all financial services like fiat on-off ramp, earning, borrowing, etc. Based on DeFi in a simple app.
16) All of their roadmap ambitions have been achieved so far which adds quite some credibility to their name.
This means it hasn't just been a pretty concept on paper.
The token is also currently priced below private sale participants with an incredibly low market cap of 2m.
17) Conclusion:
Thorwallet is an impressive wallet that offers cross-chain trading.
It's nice to see they have kept building in these market conditions.
What definitely makes them stand out is their unique native asset cross-chain swapping.
18) It's hard to imagine to ever use centralized services if you have something like this.
There is competition out there in this field but none of them are powered by thorchain which adds a huge plus in my opinion due to its technology.
19) My advice is to just take a look and try them out yourself next time you are looking to trade a cryptocurrency.
Who knows, you might like them and never trust a centralized exchange again.
20) The fact that their native token "TGT" is also undervalued compared to their main competitors is also a huge bonus if your looking to invest in it.
Nova out ❤️
21) If you want to keep up to date to most of my content and interesting projects give me a follow @CryptoGirlNova.
I also research the communities top voted cryptocurrency every week so you can keep track of all the most exciting projects.
Your favorite writer Nova ✍️
22) If you had value from this and liked this thread, it would really bring a smile to my face if you could retweet the first post so this can help as many people as possible.
2) There's a well known blockchain maximalist argument that says:
"Network X is destined to carry the whole blockchain space on its shoulders".
It's not uncommon to hear every blockchain being evaluated depending on its potential to be an Ethereum or Bitcoin “killer.”
3) Some people (and mostly the smart ones imo) believe that interoperability should be the foundation of Web3.
A believe that the future is multi-chain and we will live in a world where not all blockchains compete with each other but co-exist AND complement each other.
2) Although cryptocurrencies and blockchain technology has become increasingly popular the last few years, truth is the industry is still in its infancy.
For REAL adoption to occur (we haven't) this technology needs to be universally useful.
3) There are 4 big problems that still plague this industry today.
• Blockchains can't work together.
• Inconsistent data.
• Limited scalability.
• Real world isolation.
If we can't solve these problems the industry won't see global scale adoption.
2) With the emergence of new blockchain protocols almost everyday the cryptocurrency industry won't ever be able to move forward if we don't find a way to make them work together.
Can you imagine having to use more than 1000 different layer 1 protocols someday?
3) A few projects have noticed this and have stepped up to make blockchains work together in TRUE interopability fashion.
While also important, we are not looking at "swap interopability" ( $RUNE, $Router, $CHNG,...).