NEAR starts working together with 1inch
While Bitcoin surpasses the $ 19,000 mark, large projects are thinking about the future of the industry by concluding productive and promising deals. Among such collaborations, the start of joint work between the NEAR and 1inch projects deserves special attention. Next, we will look at what prospects this agreement has and why the beginning of this cooperation can dramatically transform the crypto industry. So let’s dive deeper.
About projects
It is logical that in order to discuss the details of the mutual work of projects, you first need to learn more about the partners themselves. Moreover, deals are coming between not the most famous, but definitely innovative projects. First of all, let us analyze the 1inch company, which is a fairly well-known liquidity aggregator in narrow circles. The main activity of the company is aimed at maintaining the performance of decentralized exchanges. The company actively invests in distributed platforms that provide functionality for the enterprise platform. In fact, using the functionality of this site, users get a convenient toolkit for quickly making profitable deals.
This is a kind of collection of functionality that allows you to automate trading and reduce risks. That is, the activities of the enterprise, as you understand, are directed in the correct and certainly promising direction. Despite its own solvency, the company is constantly increasing the provided functionality. The company’s representatives are interested in ensuring that users receive an exceptionally high-quality product. To this end, the firm regularly concludes good deals. One of these is coming with the NEAR blockchain.
Now more about NEAR. It is a platform built on smart contracts from the Proof-of-Stake algorithm. The company is based on a promising and modern algorithm that allows ordinary investors and traders to use an innovative mechanism for concluding deals and contracts. The network is deprived of the bandwidth limit due to the use of advanced sharding. The protocols combine both company-developed products and third-party solutions that have partnered with NEAR. This is a truly promising and useful enterprise for the industry. And what does the beginning of the joint work of two breakthrough projects promise? There are, of course, even more innovations, which we’ll discuss in the next section.
What will NEAR and 1inch do?
In the course of the upcoming work, new algorithms will be introduced to automate the process of exchange and conclusion of transactions. Hence, now users do not have to use multiple third-party tools. After all, all the functionality used on the exchanges will be combined together. This is a really strong duo. The start of the launch of the joint project system is scheduled for 2021. That is, in a couple of months we will be able to observe the launch of the functionality that helps everyone, both ordinary traders and serious entrepreneurs.
Judging by the forecasts of independent analysts, the project can bring a profit of 200% to all investors who have time to invest in the developing platform. However, we highly recommend evaluating projects yourself. Only after a thorough analysis of the merits of companies and possible risks, it is possible to draw certain conclusions and proceed to the beginning of work with the platforms under discussion. Don’t worry, there is plenty of time to think, because there are still several months before the launch of the functionality.
We will definitely analyze the start of the project, describe its features after the official launch. The main thing at the moment is to follow the news of the cryptoindustry. Stay up to date with current events with us. We publish only high-quality and interesting material. Thanks for attention. Good luck!
