Snowfall Protocol (SNW) is an interoperability project that opened for presale towards the end of 2022. Since then, the new crypto has amassed a significant following, especially among crypto experts.
The demand for Snowfall Protocol (SNW) is so high that it completely sold out during both the presale and Stage 2 sale events. As the launch date of 3rd January approaches, Snowfall Protocol (SNW) is becoming a threat to other limited multi-chain projects like Polygon (MATIC) and Polkadot (DOT).
In 2017, Polygon (MATIC) was founded as Matic Network to solve the problems on the Ethereum blockchain. Polygon (MATIC) added layer 2 to Ethereum as an add-on to speed up transactions and cut down transaction fees. Or at least that is what Polygon (MATIC) claimed. In reality, Polygon (MATIC) has not been able to deliver on its claims.
While the Polygon (MATIC) network is unique, the developers are yet to realize its full potential. Moreover, when the number of transactions is high, the Polygon (MATIC) network becomes slow. Given that its utility has not been fully utilized even after so many years of its launch, investors have grown anxious and are now searching for other avenues to invest.
Snowfall Protocol (SNW) offers crypto investors a high-speed mode of transaction. Moreover, unlike Polygon (MATIC), Snowfall Protocol (SNW) allows users to transact with multiple cryptocurrencies and not just be limited to Ethereum.
Polkadot’s plans were to build a network of blockchain services. It was also supposed to be a democratic social network. However, Polkadot (DOT) has not turned out to be a democratic blockchain. There are multiple monetary “punishments” for Polkadot (DOT) users who propose changes to the network. Polkadot (DOT) is not an open decentralized blockchain but a centralized blockchain controlled by a single authority. Its technical limitations will also keep it from linking all blockchain projects. Given these caveats, Polkadot (DOT) has delivered disappointing performance and has chased away investors.
They are looking for fresh and more innovative projects like Snowfall Protocol (SNW) that connect different blockchains. No wonder, Snowfall Protocol (SNW) has become one of the hottest cryptocurrencies in the market.
Snowfall Protocol (SNW)
Snowfall Protocol (SNW) is killing multi-chains like Polygon (MATIC) and Polkadot (DOT) by creating a new, advanced, user-friendly ecosystem of blockchains. The Snowfall Protocol (SNW) is a decentralized network that will enable all its users to transfer their assets from one blockchain to another quickly and affordably. Its users are already earning passive income from staking and yielding opportunities.
Snowfall Protocol (SNW) has also rolled out a prototype for its dApp. They have also shared their vision for cryptocurrency in the future. Snowfall Protocol (SNW) is already pegged as the crypto to watch in 2023 because it may take over Polygon (MATIC) and Polkadot (DOT) users. Investors are already flocking to Snowfall Protocol (SNW) for its ongoing Stage 3 sale, where it’s selling at $0.14, a good 250% premium over its stage 2 price. Once it is launched, its use case will bring in even more users.