The Covid-19 pandemic might have upset the calculations of many businesses with its effect on the global economy. However, it turned out to be the silver lightning in a dark cloud for digital assets like cryptocurrencies and non-fungible tokens (NFTs).
With an investment option that did not buck under market conditions or external factors, could be traded securely, offered data privacy and impressive returns, investors got the chance to explore an uncharted territory that has been touching new highs with the evolution of blockchain technology.
If you are new to the concept and are looking for long-term cryptocurrency investments, you could test the waters with popular cryptos like Logarithmic Finance (LOG), Cronos (CRO), and Shiba Inu (SHIB).
Logarithmic Finance (LOG) - Playing A Part In The Blockchain Revolution
As far as long-term cryptocurrency investments go, Logarithmic Finance (LOG) packs a punch for crypto fans. Designed with a Layer-3 swapping protocol, Logarithmic Finance is a niche platform that connects early-stage investors with blockchain innovators. The platform makes it easy for investors to cherry-pick projects with potential while enabling innovators to continue catalysing decentralised finance (DeFi) with blockchain solutions.
Keeping in mind the different requirements of investors and innovators, the platform has two different kinds of liquidity pools. The first is the direct access pool which does not have a lock-in period and investors are able to access the tokens right after the swapping process is completed.
On the other hand, the second category is the time freeze pools which have a vesting period and users are able to access the tokens once it ends. The extensible smart contracts system of the platform enables users to customise the lock-in period according to their needs.
Moreover, the robust code architecture lowers the gas fee by anchoring only crucial data. Using the LOG token, users can mint, trade and launch NFTs on the platform. Innovators can also sell their NFTs in exchange for a wide array of cryptocurrencies.
Logarithmic Finance also offers interoperability between multiple blockchain networks. The feature expands the use case of the platform thereby benefiting both investors and innovators. For instance, innovators get to auction their tokens on multiple networks at low transaction fees and a higher degree of scalability. Meanwhile, the interoperability enables peer-to-peer (P2P) transactions across different ecosystems.
It has a native token, LOG, that can be used for staking, yield farming and other transactional purposes on the platform. Currently, you can purchase LOG tokens via presale.
Cronos's (CRO) Crypto.com NFT To Extend Eligibility Of Verified Badges
Built on Ethermint, Cronos (CRO) is the go-to solution for developers looking for a seamless porting experience for EVM-compatible decentralised applications (dApps).
The platform is built on the proof-of-authority (PoA) consensus protocol and offers interoperability with Inter Blockchain Communications enabled systems and the Crypto.org blockchain system. Its native token CRO can be used for staking on the platform.
In a recent development, Cronos's Crypto.com NFT announced that it will be extending the eligibility of verified accounts to cross-chain curated collections and NFT creators. With the move, more creators would be able to display their collections with the 'verified' badge and evoke the trust of users.
Shiba Inu (SHIB) Is Leading The Way For Meme Coins
Shiba Inu (SHIB) can easily be considered to be a case study of how a meme coin can successfully tokenize value to emerge as an investment option.
Conceptualised as a joke, the meme coin has been clocking high returns in a sustained manner much to investors' delight. Its native token, SHIB, can be used for staking and token swapping on the platform.
The decentralised ecosystem has a thriving community of over 585,000 members. Shiba Inu has big plans for its metaverse empire and has introduced a burn mechanism that might result in a price spike for SHIB in the future.
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