Shib Versus CRNO. Which Will Break Out This Month?

What is Chronoly (CRNO) and how is it different from Shiba Inu (Shib)?

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Since its establishment, many types of platforms and tokens have emerged in the cryptocurrency world. Although projects like Shiba Inu use commemorative coins like Shib, new projects like Chronoly have been choosing the tokenization of real-world assets.

What is Chronoly?

Chronoly is currently in the pre-sale stage. It is the first piecemeal watch investment market driven by blockchain in the world. It allows users to buy, sell and invest in rare and collectible watches of global brands such as Rolex, Patek Philippe and Richard Miller Abby, with shares as little as $10.

In the Chronoly ecosystem, users can:

• Through the decentralized ledger on the Ethereum blockchain, digitally verify the certification of second-hand luxury watches in the real world.
• Borrow their watch NFTs immediately at competitive interest rates.
• Trading fragmented NFTs in real-world watches is similar to trading stocks.
• Redeem physical watches from the vault by acquiring 100% of watch NFT scores. Chronoly then transports it to any of more than 120 countries through the transportation services of its security partners.

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CRNO: Native Token of Chronoly

Chronoly is issuing a practical token that will operate within its ecosystem and will provide the holder with the following functions.

Mortgage

CRNO token holders can pledge their tokens in Chronoly’s loan pool to generate passive income.

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Reward pool

Chronoly will conduct a live observation lottery once a month, and the token holder will win the prize. The first prize is a Rolex watch, and the second and third winners will receive cash paid in usdt.

What is Shiba Inu?

Shiba Inu (Shib) is a cryptocurrency memo token launched by anonymous founder ryoshi. Like dogecoin, Shiba Inu is based on a Doge memo with the theme of Shiba Inu dogs.

Shiba Inu’s white paper (“woofpaper”) describes it as a community-based encryption project – the decentralized Shiba Inu community, called “shibarmy”, which is responsible for the development of Shib cryptocurrency.

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Shib: Native Token of Shiba Inu

Shiba Inu can be used for point-to-point digital payments. If the enterprise providing the service accepts it, it can also be used as the payment method of the service. At the beginning of 2022, more than 600 enterprises accepted Shib as a payment method.

In other words, Shib does not provide any competitive advantage because it is not widely accepted as a payment method compared with other major cryptocurrencies.

Will Shib or CRNO Break Out This Month?

Although Shib has existed for some time, its success is mainly based on hype rather than its technical advantages.

On the other hand, Chronoly CRNO tokens are supported by luxury watches, which are real-world assets with a broad collector base and increasing intrinsic value. As the market prepares for its arrival, many people have begun to plan their Chronoly watch trading action.

Chronoly is currently in the process of pre-sale and plans to launch the pre-sale of CRNO tokens in two phases – the first phase will end on May 28, 2022. Although only experts usually buy all pre-sale tokens at low prices, it may also be a good opportunity for new traders seeking explosive growth.