If you take a look at the top 50 cryptocurrencies on CoinMarketCap, which ranks tokens by market capitalization, you may notice a particular trend among many of the coins listed. That they have created innovative, popular, and successful projects that have pioneered in one particular area, and have had continued community and developer support.
Many of these tokens are the first in their fields. Bitcoin is recognized as the first crypto effectively coining the term ‘cryptocurrency’, Ethereum (ETH) is the first smart contract platform, Dogecoin (DOGE) is the first meme token, and Logarithmic Finance (LOG) looks to join these cryptos being the first with a solution for non-custodial peer-to-peer fundraising for decentralized finance (DeFi) projects and investors.
Innovative New DeFi Fundraising Platform: Logarithmic Finance (LOG)
LOG is the utility token of the eponymous DeFi protocol Logarithmic Finance, a swapping protocol that powers a revolutionary peer-to-peer platform for connecting investors with DeFi project creators looking for funding via decentralized liquidity pools.
For a long time, initial coin offerings (ICOs) dominated the cryptocurrency landscape for early-stage projects looking to raise funds from retail investors. With regulatory uncertainty and increasing international scrutiny, the Logarithmic Finance platform offers a lower-risk and lower-cost fundraising alternative to ICOs.
The protocol will be governed by its community upon the launch of LogDAO, a decentralized autonomous organization that users can join by holding and staking LOG tokens on the protocol. Members of the DAO can submit, vote on, and implement governance proposals.
Logarithmic Finance is currently in presale, creating a great opportunity for anybody looking to make an early investment in an innovative cryptocurrency.
First Crypto ‘Meme Token’: Dogecoin (DOGE)
Dogecoin is the tenth-largest cryptocurrency in terms of market capitalization, and it is the third oldest token out of the top 15 cryptos, having launched back in December 2013. This means it is older than Ethereum which was created in 2015 but younger than Bitcoin (BTC), 2009, and Ripple (XRP), 2012.
The first-ever meme token, DOGE, was originally made as a joke by its creators Jackson Palmer and Billy Markus, and with its success, its creators unknowingly released the inspiration for the valuable meme token space. Shiba Inu (SHIB), for example, is the second-largest meme token and the 16th largest overall out of all cryptocurrencies which followed Dogecoin’s footsteps.
First Smart Contract Platform: Ethereum (ETH)
ETH is the second-largest cryptocurrency in the market and is the native token of the smart contract platform Ethereum, which is the largest blockchain for DeFi with a $68.4 billion total value of locked funds (TVL).
Ethereum made it possible for the creation of applications on the blockchain via programmable smart contracts, adding an infinite realm of possibilities to what could be done with blockchain and cryptocurrency.
The largest smart contract platform is beginning its much-anticipated transition from the original proof-of-work Ethereum blockchain to the proof-of-stake Ethereum 2.0, beginning with the first project Ropsten test network.
Cryptocurrency Pioneers Are Successful For A Reason
You will find many crypto pioneers feature in the top token rankings, and there is a good reason for this. It’s because they set the standard for their respective areas and have gained a large following due to their pedigree in the fast-moving crypto sector. But, don’t discount newer projects like Logarithmic Finance which are continuing to introduce revolutionary concepts and solutions to crypto to this day.
To learn more about Logarithmic Finance, use the links below.
Logarithmic Finance (LOG)
DisClamier: 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 opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
