Logarithmic Finance will replace major cryptocurrencies in the long run
Innovation is one of the driving factors behind the fast-moving cryptocurrency market. On the one hand, we have new protocols with revolutionary concepts emerging regularly. On the other, existing projects are constantly evolving to match the requirements of their communities and keep up with the ever-changing technological blockchain landscape.
This is a review of both newer options like Logarithmic Finance (LOG) which has identified problems and delivered tailor-made solutions that only a protocol could, and also of established blockchains like Ethereum (ETH) that are in an arms race to improve their platforms and provide the best foundation for new projects.
Logarithmic Finance (LOG) is revolutionizing how funds are raised for early-stage DeFi projects by opening up access to funding and reducing risk and costs associated with conducting token sales by replacing centralized intermediaries with its decentralized swapping protocol and fundraising platform. The cryptocurrency token of Logarithmic Finance is called Logarithmic Finance (LOG) which is used for utility in the ecosystem as well as governance and staking.
The Logarithmic Finance fundraising platform connects investors with project creators through liquidity pools, allowing both to conduct an ICO-style peer-to-peer token sale/purchase transaction with no KYC requirements. Investors send the appropriate cryptocurrency for the number of tokens that they would purchase into a liquidity pool and the tokens are distributed to investors thereafter.
In the future, Logarithmic Finance will also be introducing an NFT Swap application to its ecosystem. Use of this application will be limited exclusively to Logarithmic Finance (LOG) holders which will enable creators and investors to transact via NFT sales on the platform.
Ethereum (ETH) is often considered the “second cryptocurrency” after Bitcoin (BTC) in terms of the significance of its role in the history of cryptocurrency as well as because of its popularity, with the second-largest market capitalization out of all cryptocurrencies.
Bitcoin (BTC) was the first cryptocurrency and it launched back in January 2009 whereas Ethereum did not launch until 2015. For reference, the first notable crypto boom was led by Bitcoin and Ethereum and did not occur until 2017 so both of these tokens are much more mature than the majority of tokens in today’s heavily saturated market.
Ethereum (ETH) is the native utility token of the Ethereum blockchain. The Ethereum blockchain featured the first smart contract platform which meant that developers could, for the first time, create and deploy complex applications that use blockchain technology.
Ethereum also boasts the greatest engagement of any smart contract platform, with more dApps built upon it than any other individual blockchain.
The history of cryptocurrency is defined by innovators, and this is also reflected in their success in the market. Investing in innovators with strong project fundamentals can be a great long-term investment strategy, particularly as the community grows and utilization increases which positively impacts price appreciation.
It is also worth noting that without veteran blockchains like Ethereum we wouldn’t have all the new highly innovative projects we see today. Similarly, without the likes of Logarithmic Finance (LOG), launching soon, we may not see many of tomorrow’s defining DeFi projects.
Logarithmic Finance (LOG)
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