/biz/ - Business & Finance

Imagine not having any asko

Just became an asko bro, what am I in for

Apart from all the hype, let's get to some interesting tech facts.

ASKOLend is a decentralized finance protocol that allows people to lend and borrow crypto.

You can compare ASKO with AAVE (6B Marketcap, Lending platform) and Compound (1B Marketcap)
_____________________________

What speaks for Asko?

- AAVE has 23 assets listed, ASKO will list up to 40 tokens at launch, 20 with collateral.

- In Asko you can choose between a high risk pool with a change to be slashed, or a lower risk pool with no chance. -> The rewards being higher in the slash-risk pool.

- Tierlending with different risk categories is one big difference from AAVE.

Apart from that, the coin is sitting at 12M MCAP. AAVE is at 6B MCAP. (Jesus christ)
Let's say Asko is only 5% successful: 5% of AAVE is a x30 from now.

_____________________________

Some very comfy bullpoints:
- Devteam is dOrg. (Developer of The Graph, Compound and tezos). -> Every coin they touched went over 1B Mcap (Proof: https://twitter.com/dOrg_tech/status/1303258902977564672))
- Code is fully audited and passed security audits.
- CEO is from US and very based.
- Mainnetlaunch and ASKOLEND launch is on the 13th.

Conclusion:
Buy in, this is probably the biggest gem right now. Get a bag asap.

Remember (we are still super early) :
-Still no TOP 10 CEX Listing (Only nerds can buy it right now)
-Still no youtubers shilling it

https://www.dextools.io/app/uniswap/pair-explorer/0x63804d757b5b7c43509fded8f7ce10cc0bac2ae0