With so many cryptocurrencies in the blockchain, it is essential each coin possesses a unique feature to stand out from the competition. Although Convex Finance (CVX) and Zilliqa (ZIL) have distinctive attributes, their recent performance has room for improvement. However, the recently launched Plona (PLON) is feature-packed, and its presale is expected to sell out soon.
Convex Finance (CVX) is down by over 7%.
Built on top of Curve Finance, Convex Finance (CVX) is decentralised finance (DeFi) protocol for Curve liquidity providers and CRV token holders. Convex Finance (CVX) offers its users boosted Curve staking. The platform eliminates the need to lock up CRV tokens. Yet, it enables Curve liquidity providers to claim boosted CRV and earn trading feed.
Curve liquidity providers and CRV token holders can expect greater returns on their investments on the Convex Finance (CVX) platform, which has generated over $24.5m in protocol fees. Convex Finance (CVX) would like to put this week behind them as quickly as possible. One share of Convex Finance (CVX) is now worth $5.1 after a 7.39 per cent drop. Given its current state, it would be a costly investment.
Zilliqa (ZIL) tokens are trading, but their performance still leaves room for improvement.
Launched in June 2017, Zilliqa (ZIL) is a public blockchain designed to be a high-performance, scalable, and secure platform for developing decentralised applications (dApps). As the first platform of its kind to utilise the technique by splitting its infrastructure into several interconnected blockchains, Zilliqa (ZIL) seeks to resolve the scalability problem in Bitcoin (BIT) and Ethereum (ETH) projects and support more transactions.
Zilliqa (ZIL) aims to create an ecosystem of dApps and cryptocurrencies similar to Ethereum (ETH). The last 24 hours saw over 380 million Zilliqa (ZIL) tokens traded. However, its price has fallen by 4.61%, currently valued at $0.02896.
Plona (PLON) presale is expected to sell out and raise $1 million.
Plona (PLON) is a highly anticipated cryptocurrency based on the Ethereum blockchain. Plona (PLON) has a lending facility that allows users on the platform to borrow against their physical luxury car or non-fungible tokens (NFTs) on the blockchain. Furthermore, Plona’s (PLON) systems incentivise liquidity providers (LPs) to stake or lock up their crypto assets in a smart contract-based liquidity pool.
However, that’s not all. The team at Plona is promoting fractional ownership by tokenisation. After investing $29, users can own a fraction of some of the world’s most luxurious cars. Plona (PLON) will also dedicate 2% of tokens to a charity of its community’s choice. Plona’s (PLON) phase one presale has begun, with 140 million tokens available. Crypto analysts have predicted Plona (PLON) will sell all 140 million available coins during its phase one presale. More speculations online claim the platform can raise $1 million within its first month.
Find out more about Plona (PLONA) and enter the presale using the links below.
Presale: https://buy.plona.io
Website: https://plona.io
Twitter: https://twitter.com/plonatoken
Telegram: https://t.me/plonatoken
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Source: https://cryptodaily.co.uk/2022/10/plona-plon-is-taking-over-fractional-ownership-by-tokenisation-as-convex-finance-cvx-and-zilliqa-zil-struggle