This year has been a rough start for cryptocurrencies. Although the world has successfully overcome the pandemic, there are some repercussions to it.
The global cryptocurrency market is shaken by the recent crypto crash. Famous projects like Bitcoin (BTC), Avalanche (AVAX) and ICON (ICX) have been trading in the red for a few months.
This is due to the major shifts brought about by macroeconomic shifts in the global economy. Changes in world politics, rising inflation rates and the war effects of the Russian-Ukrainian conflict have aggravated the current situation.
Even if the market is not in its best position, the launch of new projects is still in progress. A similar project Log Finance (LOG), is currently in development and will launch soon after the pre-sale stages.
ICON (ICX) for a reduced price
ICON (ICX) is one of the cryptocurrencies that fell victim to the recent crypto crash crisis.
It is a native token of the ICON ecosystem introduced by a famous company based in South Korea. It’s a decentralized platform that connects multiple crypto networks under a single platform for the benefit of users and investors.
This project is a complete blockchain network built with the primary function of facilitating the connection between multiple networks and software.
The project uses advanced technology such as artificial intelligence (AI) to create a secure, transparent and cost-effective platform for investors.
The team interfaced with human stakeholders such as public representatives (P-Reps). These are responsible for the governance and production of blocks in the network. Users have the right to vote and make decisions for their P-Reps in the future.
Logarithmic finance (LOG) could become a crypto giant
Log Finance (LOG) is a new project of the Logarithmic Finance ecosystem. It aims to become the new generation of Decentralized Finance (Challenge) and an advanced exchange protocol that enables seamless transactions between startup innovators and investors.
The team plans to integrate new technology that will leave enough room for DeFi growth in the future.
The project targets an audience where the majority are new innovators looking for investors to fund the project or raise capital.
LOG tokens attract users by establishing a secure, non-custodial, cross-chain environment within the log ecosystem exchange protocols. This will give them additional benefits each time they make a transaction through LOG tokens.
To create an interactive and secure platform for users, the LOG ecosystem team uses specific features to create a separate decentralized network for investing. Here are some features associated with the project.
In a word, Challenge is a collection of all blockchain finance tools that allow users to lend and borrow digital assets without third-party intervention. Through LOGDeFi protocols will introduce new tools like liquid staking, automated market makers (AMM), vaults, etc.
Many blockchains offer liquidity options where users invest their tokens for a specific time and earn rewards/incentives.
But with this project, the big picture is different. To guide new innovators through the capital-raising process, the team designed pool statuses and types for a next-level pooling experience.
The project runs primarily on Ethereum (ETH), but is linked to five others decentralized networks: Solana (SOL), Avalanche (AVAX), Binance Smart Chain (BSC), Tezos (XTZ) and Polygon (MATIC). Multi-chain integration reduces additional gas charges and enables transactions over a large connected network.
Log Finance (LOG) aims to become a secure and transparent network that unites innovators and investors on a single platform. The decentralized The network consists of multiple blockchains to provide better access when trading cryptocurrencies on the platform. The team also plans to integrate new Challenge tools to showcase the platform in the market. It looks like the project might be as successful as other crypto giants like ICON (ICX) despite the recent crypto crash on the market.
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