Blockchain technology continues to unlock capabilities in the financial sector, and more so in decentralized finance. Today, there are thousands of blockchain-based projects, and cryptocurrency is one of its most remarkable developments. Blockchain projects come to solve real-life problems, and Aqualair is now touching on the ecosystem.

Aqualair is the most recently launched blockchain protocol based on the Ethereum network. The project aims to provide the crypto industry with a clean and healthy environment while supporting the cryptocurrency industry through different functionalities.

Understanding Aqualair

Aqualair is a project from a team with diverse expertise in the blockchain technology space. The team came up with the project's name by combining the two words Aqua and Lair. Aqua means water, while lair means a resting place.

The protocol comes with more and better blockchain ideas that aim at facilitating easy performance of functions and with the most negligible risks of impermanent losses. It presents a world of services in a safe and convenient environment as a third-party audited protocol.

As a decentralized finance platform, Aqualair leverages the automated market maker technology to allow users to provide liquidity and achieve sustainability with their crypto assets. The project presents different functionalities, including NFT, staking, gaming, and mining within a single and environmental-friendly ecosystem.

Aqualair Project's Key Notes

The Aqualair team aims to run an environmentally friendly platform through the capabilities presented by blockchain technology.

NFT Breeding

NFT Breeding is a new concept in the cryptocurrency space. It involves the creation of non-fungible tokens that are on the main market listing. The NFT can have a similar or different use case as its parent cryptocurrency. Users will have an opportunity to accumulate their token holdings by being part of the NFT breeding. Each non-fungible token has a distinct hash rate, function, and use case.

Gaming

Aqualair provides gamers with more value by integrating the elements of a non-fungible token in gaming. The games promote interactions among platform users and allow them to enjoy the added value in gaming.

Decentralized Application (Dapp)

Aqualair features a decentralized application that supports real-life use cases. The platform takes advantage of a complementary component to provide users with an easy way to access the features without using constant lines.

Yield Farming

Aqualair users have a yield farming opportunity to stake the native token AQLR and become liquidity providers. Users who participate will earn rewards from their staking. However, not everyone can benefit from yield farming. There is no set minimum amount for staking, but the user must have at least 30% APY to join the yield farming chain. The earliest users of the platform have been enjoying Aqualair airdrops as part of its marketing efforts.

Aqualair Presale by the Sea

The Aqualair project’s presale is live, and the team already won early funding from Angel Investors. The team plans to channel the funding towards running NFT platforms and designing processes on the surface of target markets on Rarible and Opensea. However, they are still inviting investors from the vast crypto community to be part of the presale.

The presale that kick-started on April 8, 2021, is expected to run until April 24, 2021. The presale targets to sell 9 million AQLR with a minimum contribution of 0.1 ETH and a maximum of 5 ETH per address. To participate, users only need to have a minimum of 0.1 ETH plus the gas fees and send them to the presale address. Ethereum gas fees are currently high, so investors can wait until it falls below 200 Gwei. Users then create a Trustwallet or Metamask Wallet, set the gas limit, and wait for confirmation.

Participants will get extra bonuses limited to the fastest 100 addresses in the presale purchase. Also, investors making purchases of between 2 and 3 ETH will get a 3% bonus plus a random chance for 1 NFT. Purchasers committing between 4 and 5 ETH will get a 5% bonus and a random chance for 2 NFT, plus a limited NFT Badge.

Investors participating in the presale will have exclusive benefits in the future, provided they maintain a fixed address that did the presale. The benefits include:

*Users can claim NFTs during the program’s opening
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*An early market access
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Permanent whitelist

Aqualair Legitimacy

The project's team chose to remain anonymous but made efforts to guarantee the legitimacy of the project. Half of its token supply is locked in TrustSwap. The team also contracted a third-party audit company and made public their audit report. The report shows that Aqualair is well secured.

Wrapping Up

Over the last few years, the decentralized finance industry has gained traction and proven to have much potential. There has been a surge in Defi projects and their adoption in the crypto sphere. However, Defi projects are still faced with their share of challenges, including volatility, lack of a proper valuation method, burning policies, and intense competition. Most decentralized finance platforms integrate services like lending, yield farming, and swapping. Aqualair is also providing these services and introduces new functionalities like NFT breeding.

Aqualair is leveraging Ethereum's network to provide a multi-functional decentralized finance platform. It is the first blockchain project that focuses on creating awareness of the need for conserving the ecosystem.