Everlodge (ELDG) is set to make waves in the financial industry to disrupt a colossal $280 trillion market. Everlodge’s innovation has attracted attention from prominent holders of Polkadot (DOT) and Fantom (FTM) holders, who are rushing to grab discounted ELDG tokens during a presale event. Let’s find out more.
Everlodge (ELDG) Targets $280 Trillion Real Estate Market
Everlodge is breaking new ground in the real estate sector, introducing a novel co-ownership concept allowing individuals to own a portion of premium vacation properties with an investment as small as $100.
Here’s how it’s done: Luxury hotels and villas are converted into digital NFTs, with all pertinent property information, such as deeds and titles, securely embedded within the smart contract’s metadata.
NFTs are subdivided into smaller segments, allowing for fractional ownership. For instance, a $3 million villa can be divided into 30,000 parts, each valued at $100. The benefit of this approach is that NFT holders can profit from any increase in the property’s value.
Central to Everlodge’s system is the ELDG token, its native currency that orchestrates transactions within the platform. ELDG tokens also offer additional benefits to their holders, including reduced trading costs, staking rewards, membership rights, and prize giveaways.
During the third phase of the presale, you can purchase ELDG tokens at an attractive price of $0.018 per token. However, this offer will only be available for a limited time, as the price is expected to increase in the subsequent phases.
Financial experts are optimistic about the ELDG token’s future, predicting a significant 280% growth during the presale period and a further 3,000% growth once it reaches tier-1 exchanges.
Polkadot (DOT): Interoperability, Challenges, and Market Struggles
Polkadot’s most notable feature is its multi-chain architecture, allowing blockchain interoperability. This means users can securely exchange data and assets across multiple blockchains more flexibly than ever before.
However, this lofty vision has yet to turn into actual usage of the Polkdaot blockchain. The crypto community points to the complexity of its implementation, while other projects have been quick to offer more accessible alternatives.
This drop in interest has been noticed by Total Value Locked (TVL) statistics, which show that TVL on Polkadot has fallen below $150 million, a drastic departure from its days of billion-dollar valuations
The significant drop in Polkadot’s price, from a high of $55 in November 2021 to its current value of $4.16, paints a clear picture of Polkadot’s challenges amid fierce competition.
This decline has raised concerns among its supporters, as the price fell below the crucial $6.00 mark and recently dropped below the $4.20 support level. Such low rates are similar to those seen back in November 2020.
Fantom (FTM): The Battlefield of Layer-1 Solutions vs. Everlodge (ELDG)’s Potential
The recent security breach of the Multichain Fantom bridge has had a significant impact on the crypto community. It resulted in a loss of around $126 million in digital assets – including millions in FTM tokens – which has significantly affected Fantom’s financial indicators.
From a robust $7 billion TVL last year to just $58 million today, usage of the Fantom blockchain has dropped significantly since the incident. This shows that the blockchain industry is still concerned about the security and trustworthiness of the Fantom protocol, which has put a strain on its ability to attract new users.
Fantom’s developers have been working hard to restore the project’s reputation recently, but the damage has already been done. The value of Fantom’s token has slid from $0.32 pre-hack to its current value of $0.19. Failure to rise about the $0.20 mark could lead to further losses for the cryptocurrency.
Fantom competes in the demanding domain of layer-1 solutions, facing behemoths like Ethereum, Hedera, and Cardano. This explains why some Fantom loyalists are considering the Everlodge presale, as the project is the lone horse in revolutionizing a trillion-dollar industry.
Disclaimer: The statements, views and opinions expressed in this article are solely those of the content provider and do not necessarily represent those of Crypto Reporter. Crypto Reporter is not responsible for the trustworthiness, quality, accuracy of any materials in this article. This article is provided for educational purposes only. Crypto Reporter is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Do your research and invest at your own risk.