A recent development in the Decentralized Finance (DeFi) industry is the emergence of SmarterWorx as a crypto technology. A cryptocurrency company called SmarterWorx integrates both digital currency and art into its system.
Smarterworx features ARTX as its native token. This native token is utilized to fuel the ecosystem, reward users who have assets in the system, and take part in network governance.
The ARTX, however, is a digital currency with real-world asset trading to maintain its utility and value in times of significant volatility, uncertainty, or pessimistic markets, in contrast to many of the other businesses. The ARTX token represents a treasury of carefully chosen real-world artworks, and SmarterWorx makes sure this is the case by maintaining a collection of both the relevant physical artworks and their digital twins, a linked collectible that is held as NFTs to maintain the token’s floor price.
The modern works of art are kept in the vault to be sold, and the NFTs are offered for sale in the NFT markets. A portion of the proceeds and the purchase price from the sales are then used to buy new works of art and create new NFTs, which are then sold.
Since art is a component of human civilization, it is a haven in the past when other asset classes, such as commodities or bonds, experienced a downturn. This is why the ARTX token has such a high intrinsic value.
As part of their goal to create a token that endures for a very long time, grows in value through every market cycle, and rewards long-term supporters of the ARTX project, Smarterworx places a high value on their user community. As a result, holders of ARTX tokens receive regular rewards in the form of staking profits and royalties from all NFT sales.
All of these characteristics put the token well ahead of its competitors since it is a real-world utility currency owning elite artwork, which is a choice that professional analysts will agree is the next big thing to watch out for. As a result, the price of the ARTX gains a solid impetus to soar to new heights.
SmarterWorx Outstripping MINA and GMX
The SmarterWorx token, ARTX, will undoubtedly surpass tokens like GMX and MINA and enter the top 100 list of valuable crypto tokens. The MINA token runs on the MINA protocol, which is the world’s lightest blockchain and establishes a secure connection between the virtual and physical worlds. The network is powered by a proof-of-stake algorithm and smart contracts.
On the list of crypto rankings, Mina is currently ranked number 79 at the time of writing.
GMX, on the other hand, is a token that has gained popularity in 2022 as a utility and governance-enabled currency. The token operates on the GMX platform, a marketplace for trading both spot and long-term contracts.
The Coinmarketcap ranking has GMX at position 77 at the time of writing.
Due to SmarterWorx’s long-lasting structure, ARTX is expected to advance up the ranks and overthrow more currencies on the list.
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Website: https://smarterworx.io/
