Too risky until a few years ago, and now people can’t stop themselves from betting big on these digital assets. Cryptocurrency’s rise to popularity has awed people across the globe.
While many considered cryptocurrency’s magnificent escalations in value to be a fluke until a few days ago, they are now posting promising returns continuously that rival the utility provided by traditional instruments of finance.
From inflation-proof to data privacy and no third-party interference, many advantages give these blockchain-based assets an edge.
Today, users also have the choice of choosing between different kinds of cryptocurrencies like meme coins and non-fungible tokens. They have different use cases and are ideal for users who like a dynamic pace for building their investment portfolio. If you are new to the world of cryptocurrency, the internet is full of resources explaining cryptocurrency at an entry-level.
Those who are worried about choosing a dependable bet could start their trade journey by researching some of the leading names like Lynqyo (LNQ), Bitcoin (BTC), and Waves (WAVES).
Here’s a sneak peek at some of their key features and updates.
Lynqyo is a decentralised platform that enables artists to tokenise, monetise, and licence intangible content and explore new sources of revenue. It has a native token called LNQ that can be used for a host of transactional purposes on the platform including staking, paying fees, and liquidity pool provisioning, among other use cases. The token will be available in presale for interested buyers.
The platform offers buyers a range of attractive rewards when they purchase the LNQ Token. However, these tokens depend on a wide array of factors that include the cryptocurrency used in the transaction, the timing, and the stage of presale when the tokens were bought.
For instance, if you use Binance’s BSC or BNB Token and you purchase LNQ Tokens, you will get an extra 8% on Lynqyo tokens as a bonus. Now, if the same transaction is made within 10 minutes of signing up, then the buyer gains an extra 25% of tokens.
Lynqyo’s governance structure is based on the decentralised autonomous organisation (DAO) pattern wherein LNQ token holders get voting rights to vote for proposals presented by other community members. These proposals usually deal with operational issues like partnerships, liquidity pool acquisition, and new product launches.
As part of its efforts to keep the value of the token stable, Lynqyo also issues liquidity pool (LP) tokens, which are usually used for compensating users for their contributions to maintain the liquidity flow.
Ample liquidity ensures smooth operations and seamless transactions. LP Tokens also serve to track individual contributions. Lastly, they help in restricting price fluctuations and keeping the value of the token stable.
Bitcoin is an open-source cryptocurrency that can be used for making cross-border payments and peer-to-peer transactions. Another advantage of cryptocurrency is that users don’t have to cough up an exorbitant transaction fee.
It launched a native token BTC that can be used for yield farming, swapping tokens, liquidity pool acquisition, and many other transactional purposes. It’s also one of the oldest cryptocurrencies in the world that was rolled out in the 2000s.
Despite the influx of several cryptocurrencies over the years, Bitcoin has maintained its hold over the market with its nuanced features and rallying prices. Bitcoin recently crossed 24,000 USD and might well be heading for a rally in the long term.
Wave is a decentralised platform that enables its users to access open-source technologies for building high-performance and agile dApps. Its native token can be used for staking, earning rewards, and settling transactions, among other factors. Not only is it compatible with multiple blockchains but it also has a low carbon footprint.
The number of daily transactions that it processes on its platform is over 41,000. Plus, it has over 1.5 billion USD DeFi assets locked on its platform. Waves recently saw a short-term rally after whales decided to push prices.
Each of these cryptocurrencies has had a buzz around them as of late. It is due to their vibrant ecosystems that provide the user with a myriad of tools and services to take advantage of.
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
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