This Hidden Gem Altcoin Is Poised To Rise 100X This Year, According to Crypto KOL Randall Trzaska
Top analyst Randall Trzaska from Crypto Love shares with his subscribers the next hidden mooning altcoin of this cycle with huge potential to rise 100X.
Armor is a protocol that allows users to protect funds held on a variety of DeFi (Decentralized Finance) protocols in the case of hacks in an easy, self-adjusting, pay-as-you-go manner.
“Pay-as-you-go is not a monthly premium like your used to with other common insurance used today. You only pay for what you need, and you also receive rewards from Armor for using their insurance,” the trader explains.
The crypto KOL adds that Armor would help to protect your investments against smart contract risks across popular protocols such as Uniswap, Sushiswap, AAVE, Maker, Compound, Curve, Synthetix, Yearn, RenVM, Balancer and more.
“Armor tracks exact amounts of user funds as they dynamically move across various protocols, keeping up with the rapid pace and movement of the modern DeFi investor, and bills by the second using a streamed payment system. The result is minimized costs and maximized flexibility.”
Armor’s coverage is underwritten by Nexus Mutual’s blockchain-based insurance alternative.
The $ARMOR token officially ensures the ArmorDAO is sufficiently decentralized within the first token distribution launch event. According to the trader, 1 billion ARMOR will be minted at genesis and will become fully accessible over the course of 2 years.
To start, users may earn ARMOR rewards by LPing for ARMOR pairs and for arNXM pairs on Uniswap, Sushiswap, 1inch, Balancer, and Bancor, as well as staking NFTs and also from buying coverage in the smart system or shield vaults.
At the time of the video, ARMOR was trading at $0.206, almost 90% down from its ATH.
“This is when we want to be buying assets when they are at significant pullbacks not when they’re at all-time highs. It gives you a much greater chance for explosive gains”