Logarithm Finance (LOG) has the potential to dominate the next generation of cryptocurrencies.
Cryptocurrency has become a household name worldwide, breaching all known gaps in the global financial market. Since the first Bitcoin (BTC), the mainstream cryptocurrency, came on the scene, more and more coins like Dogecoin (DOGE), NFTs, and Defi have become leading coins that have earned millions.
Defi, which stands for decentralized finance, is an upcoming market in the crypto space that removes the centralized control banks and institutions have on money, financial products, and services. It is a market that has shown the potential to change the direction of the crypto market.
CoinMarketCap, one of the leading and reliable sources for coin listings, states that the Defi cryptocurrency market cap exceeds $139billion. With this, it’s clear that Defi is an investment-worthy market capable of raking in high profits for investors.
Here are three must-have Defi cryptocurrency coins that are taking center stage.
A decentralized open-source blockchain that carries out peer-to-peer transactions, it is a platform for deploying smart contracts. The native cryptocurrency is XTZ with the symbol XTZ. It isn’t limited by hard forks like its competitors, though similar to Ethereum (ETH), it offers more complex infrastructure that improves and evolves.
Tezos is accessible to all interested in platforms that offer assets and applications. Furthermore, it is backed by a global community of developers, researchers, and validators; hence, there is a large and secure community.
It was founded in 2017 and launched in June 2018. One of Tezos’ main attractions is its mode of operation, and it involves users. It encourages them to be a part of the development process, making it more approachable, open, and trustworthy. Hence, Tezos has decentralized maintenance, which encourages decision-making amongst holders such that they can vote on changes to the protocol.
LOGARITHMIC FINANCE (LOG)
There are over a thousand cryptocurrencies, but Logarithm Finance (LOG) is a cryptocurrency suitable for long-term finance and is well on its way to dominating decentralized finance. Its native token LOG is also a governance token that helps users on the platform decide on the future changes that would benefit the platform’s ecosystem.
Logarithmic Finance (LOG) was created in October 2021 and could be one of DeFi’s most notable projects. The platform has provided proprietary software to aid investors and entrepreneurs in making sales and obtaining funds. There would be increased investment in LOG as investors would love to see their earnings on their projects increase. It ensures stress less and smooth interaction between innovators and investors. With its unique swapping technology, this would deal with irregularities like the volatility of coins in the decentralized market would be corrected.
With Logarithm Finance, innovators can securely launch their projects, attract investors and earn profit bringing both the innovators and investors together.
Maker (MKR) allows users to have access to assets like Bitcoin with backup from the DAI. It is probably one of the oldest Defi projects and is often described as a “utility token” or “governance token.” The primary purpose of the Maker system was to generate an Ethereum token known as DIA, an algorithmically stable coin.
It is a Defi lending and borrowing platform where users place their cryptocurrency coin in a Maker vault and mint DIA against it. Since DIA has high collateral, users can borrow up to 50% to 70% of collateral when they lock up their Crypto and borrow against it.
This model ensures more safety and security.
Links for Logarithmic Finance (LOG)
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