So many new tokens are entering the cryptocurrency market every day. Some have reasonable plans for the future, others don’t. In this article, we will take a look at some coins with unique governance protocols.
Logarithmic Finance (LOG)
Logarithmic Finance (LOG) as a new token has stated that it will continue to gather ideas from its ever-rising community in a bid to provide more services. This will include the development of advanced functionalities for innovators and liquidity providers, so they can truly get a feel of how scalable, safe and effective Defi technologies are. Let’s take a look at all the technical highlights of Logarithmic Finance (LOG).
Logarithmic Finance (LOG) has a plan in place to offer genuine and powerful security for the swapping mechanism that’s available for its end-users. They will do this through fully homomorphic encryption that aims to remove the need for decrypting all data packets while every other computer process continues behind the scene. The true potential of this fully homomorphic encryption is for making the gathering of data easier.
Aside from the fact that a lot of technical projects including fully homomorphic encryption are in place, Logarithmic Finance (LOG) aims to get feedback from various other on-chain data sources every now and then. The collection of this data is very important for the UI/UX teams. It helps them as well as the engineers to get a better idea of the changes they have to make across the platform to make it more functional and accessible.
Interoperability amongst heterogeneous blockchains is something Logarithmic Finance (LOG) must conquer in its bid to make itself become a fully decentralized layer-3 protocol. Understanding that this is a difficult and complex process.
Securipop’s (SECR) Goals
Another new token named Securipop (SECR) seems to have the same objective in mind, but on a different level. They aim to bring about decentralized communication that will give their users the ability to engage with each other in a trustworthy environment with no third-party access. Securipop (SECR) aims to offer solidity across its communication channels in different blockchains. This is a unique never-seen-before feature.
The main use for the Chainlink (LINK) token is to serve as a means to import genuine price feeds for major DeFi protocols. The Chainlink (LINK) token functions not just as a governance, but can be staked as well. This means there’s the possibility of getting huge rewards. It reached an all-time high around May 2021, and is seen as an enabler of the DeFi protocol. Chainlink (LINK) is currently valued at $14.18 and stands at position 23 on the crypto ranking in CoinMarketCap.
Many are suggesting that Chainlink (LINK) will soar high in the coming weeks and as such suggest its best to have it when that day comes.
The Avalanche (AVAX) blockchain, like its counterpart, Ethereum (ETH) uses smart contracts to take care of its blockchain solutions. It has the ability to support transaction speeds of 4500 per second.
The Avalanche (AVAX) community supports a system where holders of the coin are allowed to manage how new currencies and policies are being implemented in the ecosystem. This system of governance makes the ecosystem very transparent and that increases users trust. Congestions and some other factors play a key role in the transaction costs of the network. Avalanche (AVAX) also tries to burn off some of its payments to ensure scarcity of the token itself.