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#My Pick In RWA# and #Gate Square Mid Autumn Creator Incentive#
What is RWA Coin?
RWAs are generally categorized into two main categories: tangible and financial assets:
Tangible Assets: These include the tokenization of assets such as real estate, land, machinery, and equipment, as well as physical works of art.
Financial Contracts: These include the direct introduction of traditional financial instruments such as commercial loans, mortgages, bonds, stocks, commodities, and other assets into the cryptocurrency market.
RWAs are essentially synthetic tokens. They represent real-world assets. The tokenization of financial instruments is based on the principle that each token represents the underlying asset.
NFTs play a leading role in areas outside of finance, such as the tokenization of works of art. However, the same response is not always expected here as in the financial sector. A more abstract approach can sometimes prevail.
Advantages of RWA Projects.
RWA projects play a crucial role in the cryptocurrency market. Despite its rapid growth, the cryptocurrency market still has a relatively small market capitalization compared to traditional financial markets. The tokenization of financial assets allows cryptocurrency users to interact with different markets without leaving the cryptocurrency market and makes it more attractive and simpler for users familiar with traditional financial markets. Thanks to RWAs, cryptocurrencies are experiencing much faster growth in both liquidity and user numbers.
Tokenization services outside the financial sector are also contributing to the expansion, enrichment, and increased competition in the NFT market, particularly in the NFT market. Furthermore, there are RWA sectors that fall outside of both NFTs and financial instruments, such as the tokenization of processing power.
Real-World Assets Uses.
Financial markets are among the primary areas where RWA is in high demand.
Loans: DeFi platforms have matured over the years and reached a significant size. Because the dynamics of these platforms differ from banking, interest rates can also vary. However, corporate users cannot always obtain loans from these platforms due to a lack of regulation. Thanks to RWA, these loans are tokenized, allowing DeFi platforms to provide loans to participants outside the cryptocurrency market through intermediary companies.
Because financial products such as stocks, bonds, and repos are subject to various regulations, they may not be available to every user in every country. Users are forced to use intermediaries for assets of different classes in different countries. RWA tokens make these assets accessible to all users.
Tokenization in areas outside the financial sphere, such as artworks, offers several advantages because it eliminates the costly costs of transporting, storing, and preserving such valuable assets. This allows auctions to be conducted more comprehensively and to a wider audience.
Furthermore, a work of art can be represented with multiple tokens, such as 1,000 or 10,000. This makes it possible to purchase a single piece of an expensive artwork, rather than the entire thing, thanks to RWA coins. This allows artworks to become an investment tool for everyone.
Tokenization of processing power has also become a widespread sector recently. As processing power in various fields, such as artificial intelligence and mining, increases daily, business models exist where users can market their processing power through tokens.
Which are RWA Coins?
USDT and USDC
MKR
RENDER
HNT
ONDO
PAXG
SNX
GLM
STORJ
RLC
My favorite coin among RWA coins has always been ONDO.
The price of Ondo (ONDO) decreased today.
The price of Ondo (ONDO) is $1.02 today with a 24-hour trading volume of $167,489,800. This represents a -0.62% decrease in the price over the last 24 hours and a 7.10% increase in the price over the last 7 days. With a circulating supply of 3.2 billion ONDO, Ondo has a market capitalization of $3,226,815,442.
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