The history of cryptocurrencies has shown us that projects with a big and loyal base of followers to succeed in the long run. The cryptocurrency sector is still young and has enjoyed its success thanks to the collective effort of its passionate followers.
At a project level, the story is different. Projects with great utility might fail to get off the ground and reach their true potential if they lack community support. Bitcoin (BTC), Chainlink (LINK), and Shiba Inu (SHIB) are great examples of community impact.
On the other hand, Logarithmic Finance (LOG), a new project that has entered its presale stage, is promising to build a vocal and passionate community by bringing together investors and innovators. Will Logarithmic Finance pull it off and join Bitcoin, Shiba Inu, and other projects that have succeeded due to strong community support?
Logarithmic Finance (LOG)
Logarithmic Finance is a next-generation layer-III swapping protocol designed to connect project innovators and investors. This is a great service within the crypto industry because of the importance of the connection between investors and project creators.
The cryptocurrency industry has seen many anonymous developers create a project, raise money and pull off an exit scam. Retail investors have been burned too many times and are now reluctant to invest in new projects.
This is a huge disadvantage for legitimate projects with great ideas because they may fail to raise the capital they need. In short, there is a lack of trust between investors and innovators.
Secondly, the crypto market is more like a jungle where whoever shouts the loudest gets the last laugh. Not all new projects have the financial muscle to market their projects and be heard amongst other competing voices.
Logarithmic Finance is solving these challenges by enhancing trust between the two parties. It allows project innovators to create pools where they can enter their token details. Investors simply need to go to these pools and find the projects they want to invest in. Logarithmic Finance is a community where project innovators and investors meet to achieve their goals and take the crypto industry to the next level.
The LOG token is the native token of the layer-III swapping protocol. LOG token holders can get promising tokens at a discount. Logarithmic Finance is a gateway to great projects. This is how Logarithmic Finance will build a great community that supports even other projects.
The LOG token is a governance token as plans are underway to build LogDAO. The LogDAO will be owned by LOG token holders. The LOG governance token holders will determine the direction of the project by voting on several proposals.
Logarithmic Finance is currently built on Ethereum but it plans to extend its support to blockchains such as Avalanche, BNB Chain, Tezos, and Polygon. This project will attract people and enthusiasts from those communities and merge them into one big community.
Logarithmic Finance has placed the community at the heart of its operations, and this could turn out to be a masterstroke.
Chainlink (LINK) and Shiba Inu (SHIB)
Bitcoin is the perfect example of a project that has succeeded through community support. Other projects have replicated this act.
Shiba Inu (SHIB) easily comes to mind. SHIB is a meme currency that takes its name from the Shiba Inu dog breed. It was a meme currency but the support of its community propelled it into one of the most popular cryptocurrencies of 2021. Its price has soared since and the early investors made huge gains.
The same can be said about Chainlink, a project that provides real-world information to blockchains. Chainlink has a devout community of followers, and some have organized themselves into the Link Marines. They are partly responsible for Chainlink’s success.
With this in mind, Logarithmic Finance is building and growing a strong community to take the project to greater heights.
Find out more about LOG:
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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