Shiba Inu (SHIB) vs Chronoly (CRNO): Which one will explode this month?

Shiba Inu

What exactly is Chronoly (CRNO), and how is it different from Shiba Inu (SHIB)?

Since its inception, the crypto world has seen many types of platforms and tokens. While projects like Shiba Inu use meme coins like SHIB, newer projects like Chronoly have been opting for the tokenization of real-world assets.

But what exactly is Chronoly (CRNO), and how is it different from Shiba Inu (SHIB)?

Let’s find out…

Shiba Inu

 

What is Chronoly?

Chronoly which is currently in its presale phase, is the first blockchain-powered fractional watch investment marketplace in the world that allows users to buy, sell, and invest in rare, collectible watches from global brands like Rolex, Patek Phillippe, and Richard Mille Audemars Piguet with a stake of as little as $10.

On the Chronoly ecosystem, users can:

  • Digitally verify the authentication of real-world, pre-owned luxury watches through a decentralized ledger on the Ethereum blockchain.
  • Instantly borrow against their watch NFTs at competitive interest rates.
  • Trade fractional NFTs in real-world watches, similar to trading shares in a stock.
  • Redeem the physical watch from the vault by acquiring 100% of the watch’s NFT fractions. Chronoly then ships it to any one of over 120 countries via their security partners’ shipping service.

 

CRNO: Chronoly’s Native Token

Chronoly is issuing a utility token that will work inside its ecosystem, which will provide holders with the following features:

 

Staking

CRNO token holders can stake their tokens in Chronoly’s lending pool to generate a passive income.

 

Rewards Pool

Chronoly will run a live watch lottery every month, where token holders will win prizes. The prize for the first place will be a Rolex watch, and winners of the second and third prizes will receive cash paid in USDT.

 

Discounts

CRNO token holders will qualify for the following discounts on the marketplace:

  • Up to 30% off on transaction fees
  • Up to 30% off on storage fees
  • Up to 30% off on Metaverse Wealth Club membership fees

The discounts will work on a tiered system that is explained in Chrololy’s whitepaper.

 

What is Shiba Inu?

Shiba Inu (SHIB) is a crypto meme token launched by Ryoshi, an anonymous founder. Just like Dogecoin, Shiba Inu is based on the Doge meme featuring a Shiba Inu dog.

Shiba Inu’s white paper (“woofpaper”) describes it as a community-based crypto project — the decentralized Shiba Inu community, called the “ShibArmy,” is in charge of the development of the SHIB cryptocurrency.

 

SHIB: Shiba Inu’s Native Token

Shiba Inu can be used to make peer-to-peer digital payments. It can also be used as a payment method for services if the providing business accepts it. At the start of 2022, 600+ businesses accepted SHIB as a form of payment.

That said, SHIB doesn’t offer any competitive edge, as it is not widely accepted as a payment method compared to other major cryptocurrencies.

 

Will SHIB or CRNO explode this month?

While SHIB has been around for a while, its success has been mostly based on the hype and not its technical advantages.

The Chronoly CRNO token, on the other hand, is backed by luxury watches, which are real-world assets with a wide collector base and inherently increasing value. As the market prepares for its arrival, many have already started planning their Chronoly watch-trading moves.

Chronoly is currently in presale and plans to launch the presale for the CRNO token over 2 phases — phase 1 ends on 28/05/2022.

While only experts usually buy up all the presale tokens whilst the price is low, this could also be a great opportunity for new traders looking for explosive growth.

 

For more information on presale:

Presale: https://presale.chronoly.io/register

Website: https://chronoly.io/

Telegram: https://t.me/Chronolyio

Twitter: https://twitter.com/Chronolyio

 

Disclaimer: The information posted in the article is for educational purposes only. By using this, you agree that the information does not constitute any investment or financial advice. Do conduct your own research and reach out to financial advisors before making any investment decisions.

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