Why VeChain (VET) and Aptos (APT) Whales are Racing Towards Everlodge (ELDG)’s Presale

The post Why VeChain (VET) and Aptos (APT) Whales are Racing Towards Everlodge (ELDG)’s Presale appeared first on Coinpedia Fintech News

VeChain and Aptos have brought significant returns to early investors, but their performance this year has been underwhelming. That’s why whales are buying up Everlodge, a presale project expected to rise by 280% during the presale and rally 30x on the day of their launch.

VeChain rebrands to VeChain Thor

VeChain began its life as a supply chain management layer 1 blockchain. This means that it has had very real-life use cases and saved big organizations a lot of money, through optimizing and tracking important things.

For example, VeChain partnered with French car company Renault Group to implement a blockchain-based solution that creates tamper-proof vehicle history timelines and tracks auto parts.

This enables Renault to record key lifecycle data like ownership transfers and component origins. That’s important because it shows that VeChain’s blockchain technology can successfully handle mission-critical, large-scale use cases for a global industrial company, validating its capabilities for commercialization.

And by using blockchain technology, it increases transparency, and quality assurance and paves the way for further innovations.

VeChain has now rebranded as VeChain Thor. They also recently partnered with Boston Consulting Group (BCG). BCG is assisting VeChain in identifying the most relevant real-world use cases to pursue, testing ecosystems, and encouraging various players in industries for adoption, with a focus on sustainability, such as for Carbon emissions management.

While all these things are bullish for the long-term future of the price of VET, and prices have gone up by 60% over the year, many whales are now looking for quicker and more profitable places to put their money, such as Everlodge.

Aptos tried to please all of the people all of the time with minimal success

Like Vechain, Aptos is a layer 1 blockchain, that has increased in price by around 70% over the last year. Aptos Labs’ slogan is “Building a Layer 1 for everyone.” While Aptos may see this as a plus point, detractors say it is trying to do everything whilst being best at nothing.  Given the rise of fast and scalable layer 2 chains such as Arbirtrum and Optimism, it is unclear what Aptos has to offer that other existing chains do not.

If we look at data from Defilama we can see that developers and users feel the same, given Aptos’ TVL (Total Value Locked) of just $128.3m, in comparison to Arbitrum’s $3.46 billion.

Although Aptos was heavily backed by big VCs, many whales feel let down by the chain’s mediocre performance this year and are seeking the next big thing that has a real-world use case and potential for huge token price growth.

Real World Assets meets Airbnb with Everlodge

Regardless of what critics say, both Aptos and VeChain’s tokens have seen considerable traction since they were first launched. But for those looking to replicate those profits, they are seeking something new and innovative with a small market cap. Enter Everlodge.

Everlodge is a presale project that is building a blockchain-based vacation rental marketplace. 

What this means is that they will take advantage of the Real World Assets (RWA) innovation, and tokenize vacation properties. Doing so creates transparency, and allows them to make the properties into NFTs which can then be fractionalized and sold to investors.

In practice, the benefit is that ordinary investors who could normally never afford to invest in real estate can get involved. With around $200 the platform says that people will be able to buy a share in an elite condominium in Vancouver, or a penthouse in Dubai. Not only will they benefit from property appreciation, but they will also receive a share of the rental income.

And by leveraging AI, Everlodge will assist investors by highlighting underexplored markets where property prices are low and rental yields are high.

Visit Everlodge