1
Incentivised Posting / Shill / Re: The difference betweeen Onchain and Offchain
« on: April 18, 2025, 05:59:34 PM »I do agree many projects do fade out quickly and the hype surrounding them might not be long term. It’s good to check the token utility, tokenomics and community support but i still see the benefits that onchain tokens bring especially if you buy them early.Hello guys, I'm currently on my learning journey in Blockchain, and I'd love to share some of the things I've learned so far. It's about on-chain and off-chain transactions. On-chain transactions are activities that happen directly on the blockchain, while off-chain transactions occur outside and may be settled on the blockchain later.
In my research, there are many things that happen on-chain, as exchanges also have their on-chain data that easily helps one recognize tokens with good pump potential based on current narratives.
New solid projects like $JOVIAL, $Fur, and $HRT can be found there, as there are many benefits associated with trading onchain, like earning up to 10BGB and many more. In short, that's what I've learned so far. What do you think?
In my opinion, I don't think that a project is claimed to be solid on the short term perspective. Nevertheless, many new projects like this ones you have mentioned can't be certain to survive on the long run whether onchain or offchain networks.
As a matter of facts, there are several of these new projects on the different blockchain networks that made little or no progress until they are dumped or dead. The onchain and offchain identity of any coin/token does not drive growth, it is beneficial when you consider low fees, fast transaction, security and transparency especially the onchain coin/tokens etc.
For instance, i was lucky to spot $Defiant and $Dark early on Bitgetonchain before they pumped and tbh the returns were impressive. I think we shouldn’t over look the potential of onchain especially when these tokens can be traded seamlessly.