Cronos (CRO), Near Protocol (NEAR), and Logarithmic Finance (LOG) provide unique use cases and could help in diversifying your cryptocurrency portfolio for 2022.
Diversification and selection of cryptos in different spaces is a must to ensure a good and balanced portfolio that can guarantee huge returns. It also helps to offset the downtrend from one particular sector. All the three coins mentioned above have strong utility and could provide potential returns in the future.
The Cronos token is the native coin of the Cronos chain that is owned and operated by Crypto.com, one of the most popular exchanges currently. Holding the CRO token can provide many benefits such as staking interest, cashbacks, and attractive discounts. Members get trading discounts if they hold a sufficient quantity of CRO.
The CRO coin is currently trading at $0.40 at the time of writing. It could be a nice addition if you are looking for a strong exchange coin with loads of utility.
The NEAR token is the native coin of the Near ecosystem, a layer 1 blockchain network that provides scalability and can ensure up to 100,000 transactions per second.
The Near blockchain has witnessed an increase in adoption recently and the token’s price has also appreciated as the network is being used. The NEAR coin is currently exchanging hands at the price level of $16.43 and can be accumulated for ensuring good gains in the future.
The Logarithmic Finance token is currently in the presale phase and is being sold at the rate of $0.002071 at the time of writing. The LOG token is the coin of the Logarithmic Finance ecosystem.
LOG aims to provide better facilities for developers looking to launch their tokens. It will help in providing access to pools of liquidity through the decentralised finance (DeFi) route.
Holding the LOG token will provide many privileges to its users. It is a cross-chain token that will support multiple networks such as Ethereum (ETH), Binance Smart chain (BSC), Solana (SOL), Polygon (Matic), Tezos (XTZ), and Avalanche (AVAX). Developers can take the advantage of reduced gas fees while raising funds through the Logarithmic Finance ecosystem. It will also help in ensuring liquidity which is a constant issue for project owners.
The maximum token supply is fixed at 4 billion and only a small quantity of 1.2 billion LOG tokens is being sold. Get your hands on this coin before it sees expansion and growth. It is always best to invest in projects during their initial presale stage as it provides the first-mover advantage and gains can be amplified over time.
The Logarithmic Finance ecosystem will be governed by a DAO and all token holders will get a say in deciding the future of the LOG network. DAO governed communities are better and it helps in ensuring decentralisation which is the founding principle behind cryptocurrency.
LOG users will also get access to NFT auctions in the future and a tier-based model will be introduced that will guarantee quick access to features of the Logarithmic Finance (LOG) network.
The burn rate will be decided by the DAO in the future and this would ensure a deflationary pressure on the tokens resulting in constricting supply and pushing the price. The LOG token can be purchased via the presale and it could prove to be a nice addition to any crypto portfolio.
Governance through a DAO means that as a token holder, every user will get the right to shape how the ecosystem functions in the future. Users will be able to introduce proposals and a voting mechanism will be introduced to decide whether the proposal is adopted or not.
Please do your own research before investing and remember to diversify your portfolio rather than placing all eggs in one basket.
To find out more about the LOG presale:
Keywords: Logarithmic Finance, LOG, Near Protocol, NEAR, DeFi, presale, cryptocurrency, Cronos, CRO