Decentralized Finance (DeFi) and decentralized tokens have been taking over the crypto world. DeFi allows users to perform faster and more seamless transactions without the involvement of third-party intermediaries and trust mechanisms on the blockchain.
DeFi cryptocurrencies like Logarithmic Finance (LOG), Tron (TRX), and Polkadot (DOT) are considered to be one of the best long-term crypto investments. Logarithmic Finance (LOG), a token in its presale stage, is already disrupting the crypto space.
Logarithmic Finance (LOG) making waves in the crypto world
Described as the new revolutionary DeFi crypto, Logarithmic Finance (LOG) has experienced a rise of approximately 350% in price value since the start of its presale.
Logarithmic Finance is a next-generation Layer-3 swapping protocol designed to support seamless interconnectivity between early-stage innovators and connectors.
LOG has been designed for simplicity and ease of use, making it very seamless to swap coins on fully interoperable blockchains. This is because the platform supports blockchain diversity, meaning that it’s not limited to a single blockchain.
Though Logarithmic Finance is originally on the Ethereum (ETH) blockchain, the platform has plans to partner with other blockchains like Binance Smart Chain (BSC), Solana (SOL), Tezos (XTZ), and Avalanche (AVAX).
Another feature of the platform worth mentioning is that Logarithmic Finance (LOG) will have its own NFT Marketplace where users will be able to receive payments for their NFTs in any cryptocurrency or stablecoin.
Logarithmic Finance (LOG) also will allow its users to have access to discounts and benefits such as governance rights, staking privileges, access to exclusive liquidity pools, improved swap ratios, and increased returns.
Polkadot (DOT) is among the most promising cryptocurrencies
Polkadot (DOT) is an open-source blockchain platform and cryptocurrency that provides interconnectivity and interoperability between blockchains.
The Polkadot (DOT) network is designed to contain the main blockchain known as the relay chain and numerous user-created chains known as parachains. The connecting layer within the structure makes it possible for users to build or send data and values across several previously incompatible networks. The platform is designed to be able to process more than 1,000 transactions per second.
As it stands, Polkadot (DOT) remains one of the most promising cryptocurrencies due to its fast transaction speed and scalability. The blockchain also allows users to securely exchange messages and perform transactions with each other without a trusted third party. At the time of writing, Polkadot holds the 11th position on the market cap table.
TRON (TRX) – a star in the DeFi ecosystem
Described as the third-largest blockchain network by total value locked across its DeFi ecosystem, TRON (TRX) is a decentralized file-sharing and entertainment network.
The platform is designed to use TRX as its cryptocurrency. Its core layer incorporates a variety of modules, including smart contracts, account administration, and consensus, which all contribute to the blockchain’s potential growth.
Apart from the expansion of the TRON (TRX) ecosystem, the TRX token received lots of positive returns, making it a strong competitor for long-term profits.
On a final note, DeFi coins are gems in the crypto industry. Even though cryptocurrencies are subjected to volatility, the consistency of the gain amassed in decentralized finance and tokens are intriguing, making them the exceptional crypto choice for long-term gain.
Learn More:
– Advertisement –
Source: https://thecryptobasic.com/2022/06/01/3-defi-cryptos-for-long-term-holders-logarithmic-finance-log-tron-trx-and-polkadot-dot/?utm_source=rss&utm_medium=rss&utm_campaign=3-defi-cryptos-for-long-term-holders-logarithmic-finance-log-tron-trx-and-polkadot-dot