In this blog post, we’ll explore three successful coins on the Solana (SOL) network. Each of these coins has something special to offer, thanks to the innovative features of the SOL network. We’ll take a look at Mehracki (MKI), Chainlink (LINK), and of course Solana themselves, and see why they’re worth keeping an eye on. Stay tuned for more information about this exciting new technology!
Mehracki (MKI): One of the Newest Coins on Solana (SOL)
Meme coins are humorous and themed cryptocurrencies. They are not service-oriented like other classes of cryptocurrencies. Despite this disadvantage, Dogecoin (DOGE) and Shiba Inu (SHIB) are still among the top 15 coins by market cap. The value of meme coins has been shown to fluctuate based on market interest driven largely by hype and FOMO.
The Mehracki (MKI) project brings a different perspective by breaking down the standard patterns of meme coin culture. The platform aims to make the MKI token a popular payment tool in real usage areas such as tourism and travel.
The Mehracki (MKI) project is built on the Solana (SOL) network. Transaction fees of traditional financial systems are very costly, especially considering the quality of services provided, not to mention it’s largely an inefficient system. The average transaction on Solana is only $0.000253. In other words, 4000 token transfers are required to reach 1 dollar. As a result, it becomes possible for individuals to increase their wealth with minimum costs by eliminating intermediaries.
Mehracki (MKI) aims to foster the development of both its technology and ecosystem through collaboration. According to the roadmap of the platform, a core team will be formed in the first stage and various campaigns will be organized for users. These will then be listed on exchanges.
The MKI is currently still on pre-sale. You can easily access Mehracki (MKI) and many other pre-sale coins in the links at the end.
Solana (SOL): The Ethereum Killer
Solana (SOL), a Swiss-based project, stands out as a highly interesting coin in the DeFi field with the blockchain technology it has developed. This project, which has been under development since 2017, manages to attract the attention of many investors in the market it is involved in in 2020.
Solana (SOL) is known for being a coin that aims for complete decentralization, especially in financial transactions. By using a combination of proof-of-history and proof-of-stake during money transfers, this blockchain technology, which creates a much more secure infrastructure, offers an innovative approach compared to other coins. In particular, it is closely followed by financial institutions, thanks to its ability to provide large amounts of transfers much more efficiently and securely.
Solana (SOL), which is a candidate to fill the gaps of Ethereum (ETH) with these features, may gain even more value with its widespread use in the coming years.
Chainlink (LINK): One of the Most Successful Coins on Solana (SOL)
As the world’s first high-performance decentralized ledger, Solana is uniquely positioned to power the next generation of decentralized applications. And, as one of the most successful coins on Solana, Chainlink (LINK) is playing a key role in driving the adoption of the platform.
Chainlink (LINK) is a decentralized oracle network that aims to connect blockchain-based smart contracts with real-world data. It is one of the most successful coins on the Solana blockchain and its native token, LINK, is currently the 25th largest cryptocurrency by market value.
LINK was designed to be used as a payment method on the Chainlink network. In order to access data from off-chain sources, like weather data or stock prices, smart contracts need to be connected to an “oracle.” Oracles are external data providers that supply external data to blockchain applications. Chainlink (LINK) is unique in that it is a decentralized network of oracles, which makes it more secure and reliable than other oracle solutions. While most other blockchain platforms use a single oracle provider, Solana uses Chainlink as a decentralized oracle network, which provides redundant data sources and improves overall security. As a result, Chainlink (LINK) has become one of the most successful coins on Solana.
As the Solana (SOL) network continues to grow, it will be interesting to see which other coins make successful partnerships with the network.
For now, Mehracki (MKI), Chainlink (LINK), and the network’s native coin SOL seem to be leading the pack in terms of success on the Solana network. If you are thinking about investing in SOL or any other coin that plans to partner with Solana, do your research first and be sure to understand how each coin functions on its own as well as within the larger Solana ecosystem.
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Source: https://www.thecoinrepublic.com/2022/07/20/mehracki-mki-chainlink-link-and-solana-sol-3-successful-coins-on-solana-sol-network/