Hi, everyone! In this article, I am going to review the Adore network project, which defines itself as a community earning program! So let's find out what kind of program it is, what problems the project aims to solve, and most importantly, whether it is possible to make money on it?! But before we start, I have to remind you of the risks, dear friends, be sure to take them into account when investing in cryptocurrency projects.
What is Adore network
The cryptocurrency ecosystem is developing at an impressive rate, but the platform’s blockchains are facing a number of widespread problems that seem to be unsolvable, including the so-called blockchain trilemma.
This is the balance that blockchain developers strive to achieve between Scalability, Security, and Decentralization.
These three features are related in that improvements to one of them usually ruin the balance between the others. To give you a clear example, the Bitcoin blockchain is optimized to provide a high level of security and decentralization, while sacrificing the network scalability. This fact became quite obvious at the end of 2017, when stuck transactions in the network led to exorbitant transfer fees. One of the approaches that Bitcoin uses to solve this problem is second-tier networks, such as the Lightning Network.
The development of Adore technology began with the analysis of this trilemma and reflection on two critically related issues, namely Interoperability allowing independent chains to exchange values and information - and Sustainability (creating a self-sufficient and self-managing environment).
ADORE addresses every aspect of this trilemma in quite a unique way. Adore provides scalability through a multi-chain approach and Adore Smart Bridge technology. Complex business processes can be performed via a bridge on auxiliary blockchains, while only the results are transmitted with the help of the main chain, thus increasing the interaction efficiency.
Security is ensured by an improved version of the Delegated Proof-of-Stake consensus mechanism where token holders themselves decide which nodes are considered suitable of protecting the network. Decentralization is determined by the needs of the system architects in each chain. Adore’s flexible technology can expand to include thousands of nodes simultaneously, or run a smart contract on multiple powerful nodes with high performance.
Developers that use Adore technology will have an opportunity to optimize each network according to their needs.
The Adore project is also launching its XFA financial system. This is a multi-faceted decentralized solution built on the Ethereum blockchain. The XFA platform consists of six main components that promise high returns to borrowers and lenders who participate in the ecosystem. The five components are lending, borrowing, insurance, trading, and gambling. Thus, the team positions this platform as part of the DEFI ecosystem.
XFA Tokensale
The project also features XFA token that runs on the Ethereum blockchain. The total emission is 17 million tokens. The base price is 0.1$, constantly increasing with each purchase. This will cause your coins to grow in price with every purchase made by someone else.
You can earn extra money in the project by participating in the referral program. To do this, you need to purchase XFA tokens and thus you will get your own unique referral link. Send it to your friends and every time someone buys tokens using your link, you will be credited your commission from these sales;
- At level 1, your Commission is 7%
- At level 2, your Commission is 3%
- At level 3, your Commission is 1%
To buy XFA tokens, go to the project website and click Dashboard. By clicking on it, you will proceed to the token purchase panel. Enter the amount of Ethereum you want to exchange for XFA tokens and then click Buy. After that, confirm the operation in metamask and in a couple of minutes the tokens will be transferred to your wallet. You will also be able to convert them back to the Ethereum any time you need.
After you buy tokens, you will be allowed to use the affiliate section, where you can see all the information on your referrals.
As stated on the website roadmap, the team is going to conduct an airdrop of NFT tokens and start developing its decentralized exchange in the first quarter of the next year.
In the second quarter of 2021, there will be launched a gaming platform. And in the third – the DEX exchange.
The key DEFI platform Adore finance with the possibility of staking, loans and deposits is planned to be launched in the very beginning of 2022.
So this is where I want to finish my review. If the project interests you, you can familiarize yourself with it. I also recommend you to subscribe to its social networks and follow Adore finance news. They also have a telegram chat where you can directly ask admins all your questions about the project.
Thank you for your attention, give this article likes or dislikes, subscribe to my BLOG and do not forget about the risks when it comes to investing in cryptocurrency projects – that’s very important!