It is common knowledge that the global cryptocurrency market is currently undergoing a severe bear market, and not even the market leader, Bitcoin (BTC), has been able to escape this unfavorable environment. The recent sharp drop in BTC’s price below the psychological threshold of $20,000 has caused tremendous pressure and anxiety for many investors. However, despite the challenging market situation, some individuals have still managed to accumulate significant wealth through cryptocurrency investment.
The Array platform has garnered significant attention, as several investors have reaped remarkable gains from their investments. The platform’s efficiency and reliability have enabled investors to enjoy stable returns, making it an impressive performer in the current market environment. For investors who have been able to generate huge profits in this challenging market, they are undoubtedly winners, with the $$ARA token playing a crucial role in their success.
As an inquisitive researcher, I delved into the project and found that it stands out from other stablecoin projects. Array is a comprehensive protocol that facilitates decentralized asset management by streamlining the intricate steps required for application interaction. This allows Web3 to escape the volatility of market cycles, while still creating wealth collaboratively.
The Array protocol does not anchor to stablecoins, but instead uses a proprietary algorithm to design a steadily growing and super stablecoin called $$ARA. Its floor price is unbreakable, meaning that there will never be a liquidation event, while its market price has no ceiling. Participants do not have to worry about a price drop caused by the sale of $$ARA tokens, as the price will rise significantly as the support funds increase. In Array, users can earn a 36% annualized return by staking $$ARA and also have the option to mint $$USDR to participate in applications and win more $$USDR.
Investing in $$ARA can be compared to taking a houses to the bank for a mortgage. When you bring the houses to the bank, they not only give you interest but also a corresponding loan. Similarly, you can also use your $$ARA as collateral to borrow $$USDR from the platform, which you can use to invest in other opportunities and make even more money. Over time, the price of $$ARA is likely to increase, causing the value of your investment to appreciate. As the value of your $$ARA investment grows, you can redeem and sell it for a profit. By doing so, you not only benefit from the appreciation of $$ARA but also from the interest earned on your investment and the money earned from the loan.
The market is flooded with numerous options. However, many of these protocols lack proper safety measures and leave users to compete against each other without any gu$ARAntees. In the previous stage of algorithmic stablecoin protocol, early investors in such projects have been heavily rewarded, leaving those who enter later at a disadvantage. This is often the case with early project airdrops, which often result in latecomers becoming the bottom fishers. Array, on the other hand, stands out from other DeFi protocols by prioritizing user protection and ensuring that everyone has an equal opportunity to succeed.
Similar to early BTC, the total supply of Array ($$ARA) is limited, and all tokens are produced through mining. However, the Array team did not have any tokens in the early stages. As market demand increases while supply remains the same, the value of $ARA increases. Every time 5% of $USDR is consumed, 20% of $ARA is locked. Previously, $USDR on the market was consumed due to transaction fee burning and application fee collection. As the demand for $USDR increases and the supply decreases, this will not only raise the price and create USDT arbitrage opportunities but also increase the demand for $ARA. People will continue to purchase new $ARA to pledge it and unlock $USDR. Therefore, the price of $ARA will continue to rise. Although $ARA may be worth 1 USD today, it could potentially be worth 500 USD tomorrow, making it a highly attractive investment option.
The industry reshuffle expected in 2022 is sure to bring new changes to the cryptocurrency market in 2023. One of the most anticipated changes is the resurgence of DeFi, with numerous DeFi protocols and related research analyses emerging once again. Array’s earnings have benefited many users during this bear market, and it is possible that Array will emerge as a dark horse in this trend, shining as a star of the bear market. Array has a promising future that it will transcend both bull and bear markets, and redefine the entire stablecoin industry.
