Crypto enthusiasts have been left perplexed after facing the great crypto market crash of 2022. Some analysts have suggested that ongoing macroeconomic changes, like the Russia-Ukraine War, post-COVID downfall, and inflation are the causes of this crash. As these issues are nowhere near being entirely resolved, the stability and progress of the crypto market is still in question.
Despite all this uncertainty and confusion, developers are continuously launching new cryptocurrencies in the market. One such new cryptocurrency is Mushe Token (XMU). This token is currently in its presale and claims to provide an excellent user experience.
This whole situation, i.e. the market crash poses the question of whether token holders should buy into new cryptocurrencies, or bet on the same old horses like market giants Nexo (NEXO) and Neo (NEO)? Let’s find out!
Nexo (NEXO)
Nexo (NEXO) is a blockchain-based lending platform. It is the first platform that provides an instant crypto-backed credit card. It has an automated lending process, using smart contracts and an oracle on the Ethereum blockchain to manage loans. Oracle generates a loan soon after the donation of cryptocurrency by the user. At the same time, the smart contact keeps a record of the user’s balance.
Nexo (NEXO) intends to provide a user base consisting of clients who continuously use the platform. The platform announced a loyalty program rewarding token holders with NEXO in their accounts, offering them preferential interest rates on loans and higher savings yields.
There is a comprehensive Nexo app that makes users manage their accounts efficiently. Furthermore, the platform’s saving accounts are high-yielding, earning up to 12% of interest on coins and fiat currencies.
Neo (NEO)
Neo (NEO) is known as the first Chinese public blockchain. The NEO ecosystem offers a platform for developing decentralized applications (DApps). It also facilitates its users to access the digitisation of physical assets.
It also provides security in integrating real-world assets into the blockchain, through its fantastic ability to verify the identity of users.
One of the unique features of the Neo ecosystem is that it is continuously developing. This updating ensures that this platform is safe for long-term planning, as it can cope with modern-day problems.
Mushe Token (XMU)
Mushe Token (XMU) is a decentralized token based on the Ethereum blockchain. The platform intends to shift to the Stellar network, which is known to provide low-cost transactions and is much faster. Mushe Token (XMU) claims to facilitate peer-to-peer interaction, rewards, and governance, providing liquidity to the platform’s exchange and a unified user experience.
Mushe Token (XMU) provides solutions to Consumers, User Experience, and security-related issues
This ecosystem claims to address all financial management needs of its holders by providing them with Access, Adoption, and Reward, a simple, one-stop solution.
The following are the key features that this platform will offer:
- Utility Token:
The XMU is the official token of Mushe Token (XMU). It will be a multi-verse token that will provide seamless interoperability across fiat & Metaverse markets.
- Banking:
The banking feature of this platform will be a simple and accessible solution. This feature will help users manage crypto & fiat currency wallets, providing seamless interchange and payments.
- Trading:
Its trading options will provide access to cryptocurrency exchange with simple UX/UI & analysis.
- Knowledge:
It will also provide platforms for users who can access impartial knowledge mediums, assisting consumer knowledge and empowerment of financial decisions and choices.
- Reward:
It aims to nourish compounding ecosystems through incentivising loyalty & ethical/ESG behaviours amongst a scaling network.
As stated earlier, the crypto market crash of 2022 has shocked crypto holders. Many are now considering buying into new cryptocurrencies with innovative features, that sound more practical. Mushe Token (XMU) is still in its presale but it has had a lot of attention because of its great features like banking, trading options, utility tokens, rewards, and much more. This platform claims to provide the wallet and currency of confidence, and a Global ESG-driven marketplace, uniting commerce and consumer ecosystems through incentives and rewards. With that said, one can easily infer that XMU might skyrocket on the crypto market when the green run starts again and it could rival the likes of Nexo (NEXO) and Neo (NEO).
For more Mushe (XMU) information visit:
Presale: https://portal.mushe.world/
Website: https://mushe.world/
Telegram: https://t.me/musheworldXMU
