The term DeFi stands for decentralized finance and was coined to describe a set of cryptocurrencies that seek to improve financial services, eliminate third-party intermediaries, and offer cheaper, borderless transactions. Decentralization of finance and elimination of third-party intermediaries are the core of the beginning of cryptocurrencies, returning financial power to people and enabling peer-to-peer (P2P) connections. There are several projects built with this in mind. Notable, for example, BNB coins (BNB) and pancake swaps (CAKE). However, the new project, Logarithmic Finance (LOG), seems to have even bigger plans for this sector, making it a must-see project.
BNB coin (BNB)
BNB Coin (BNB) is a very popular Binance Exchange native utility token. It works on the BNB chain, which has become widely adopted as the preferred alternative to the Ethereum (ETH) blockchain network for several reasons. The main ones are the higher transaction speeds and lower costs offered by the chain.
BNB coins (BNB) are used to receive discounts when users of the platform pay transaction fees, travel expenses, virtual gifts, or shopping. The project recently entered into a partnership with a Dubai agency to expand its reach to provide cryptocurrency exchange services.
Logarithmic finance (LOG)
Logarithmic Finance (LOG) is a secure and unmanaged cross-chain platform that provides the opportunity for innovators to raise funds across the blockchain network of their choice. This project is a next-generation Layer 3 swapping protocol deliberately designed to facilitate the perfect connection between early stage innovators and investors. For now, the platform supports Ethereum (ETH) due to its vast community support, large enterprise recruitment, and open source interoperability nature, as stated on the website. Will include others for a variety of reasons.
● Polygon (MATIC) is supported by faster transaction throughput, robust infrastructure support, and significantly lower rates.
● This project will incorporate Avalanche (AVAX) for unmatched decentralization, less than a second finality, and multiple custom VMS support.
● Solana (SOL) is one of the plans for a powerful and extensive community, excellent computing capabilities, and the fact that it is super fast and very cheap.
● BinanceSmartChain (BSC) joins this group for EVM compatibility, borderless DeFi capabilities, and low transaction costs.
● Tezos (XTZ) provides a reliable mainnet infrastructure, self-correction mechanism, and on-chain governance.
With all these blockchains and their respective products, Logarithmic Finance (LOG) becomes a fully decentralized multi-chain protocol with extraordinary DeFi capabilities.
LOG, the ecosystem’s native governance and utility ERC20 token, which provides its holders with better swap ratios, staking rewards, exclusive pool access, high-yield investments and, of course, governance rights. The project is currently in the pre-sale stage and, according to its Tokenomics, will supply a total of 4 billion tokens, but only 1.2 billion will be available for sale. Tokens are currently sold for $ 0.006995 and can be purchased on the pre-sale dashboard on the website. The network currently supports Metamask, but according to its roadmap, it integrates with other wallets such as Coinbase Wallet, Fortmatic, WalletConnect, and Portis.
Pancake Swap (CAKE), similar to Uniswap (UNI) and Sushi Swap (SUSHI), was released in 2020 as a food-themed DeFi platform and attracted many investors. Since this project is based on BinanceSmartChain (BSC), it has earned the trust of many investors and may have been able to raise $ 4.9 billion after its release, despite the anonymity of the developers. ..
PancakeSwap (CAKE) provides the ability to trade BEP20 tokens in low cost transactions. The aim is to be able to offer cheaper and faster services compared to Ethereum (ETH) based coins. This project happens to be backed by one of the best security companies, Certik.
Details of Logarithmic Finance (LOG)
Presale: https: //presale.logarithmic.finance/register
Website: https: //logarithmic.finance/