/biz/ - Business & Finance

Anon, you bought the dip, right?

Market overreactions are where LEGENDS are minted.

Case in point --> $ASKO

Never mind the hyped mainnet launch later this week. Let me redpill you some more on what $ASKO is aiming to do, along with their chief competitor. This will shock you, ANON, so I hope you're sitting down...and to my fellow ASKONAUTS, I hope you are strapped in for the Moon mission set to ensue...

Apart from all the hype, let's get to some interesting tech facts.

ASKOLend is a decentralized finance protocol that allows people to lend and borrow crypto.

You can compare ASKO with AAVE (6B Marketcap, Lending platform) and Compound (1B Marketcap)
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What speaks for Asko?

- AAVE has 23 assets listed, ASKO will list up to 40 tokens at launch, 20 with collateral.

- In Asko you can choose between a high risk pool with a change to be slashed, or a lower risk pool with no chance. -> The rewards being higher in the slash-risk pool.

- Tierlending with different risk categories is one big difference from AAVE.

Apart from that, the coin is sitting at 12M MCAP. AAVE is at 6B MCAP. (Jesus christ)
Let's say Asko is only 5% successful: 5% of AAVE is a x30 from now.

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Some very comfy bullpoints:
- Devteam is dOrg. (Developer of The Graph, Compound and tezos). -> Every coin they touched went over 1B Mcap (Proof: https://twitter.com/dOrg_tech/status/1303258902977564672))
- Code is fully audited and passed security audits.
- CEO is from US and very based.
- Mainnetlaunch and ASKOLEND launch is on the 13th.

Conclusion:
Buy in, this is probably the biggest gem right now. Get a bag asap.

Remember (we are still super early) :
-Still no TOP 10 CEX Listing (Only nerds can buy it right now)
-Still no youtubers shilling it

https://www.dextools.io/app/uniswap/pair-explorer/0x63804d757b5b7c43509fded8f7ce10cc0bac2ae0

>>28146268
10x is fud, this is a 6bn mcap project, never stop