Cryptocurrencies have come a long way from being a risky investment tool to one everyone is considering.
The case for cryptocurrencies was bolstered by the popularity of non-fungible tokens, as they showed the world how tokenization trends in culture, art, and fashion could help create a new asset class for the future generation of wealth.
Based on blockchain distributed ledger technology, these cryptocurrencies are a profitable investment option because there are no middlemen like banks and brokers that investors have to pay.
Moreover, in the absence of an authority figure with full control, cryptocurrencies and NFTs offer permissionless and fast transactions and finally, data privacy that avoids cybersecurity issues.
If you are a newbie investor looking for reliable bets that could act as a buffer against inflation in the crypto market, you can start by researching some of the trusted names such as Keninah Concord (KEN)Solana (SOL) and Tron (TRX).
Keninah Concord: Driving Last Mile Impact with Blockchain Assets
Keninah Concord is a decentralized platform based on the Binance Smart Chain that bridges the gap between donors and charities by providing transparent payment services.
With Keninah Concord, donors benefit from the transparency needed to ensure their contributions land in the right place, while recipients can expect to receive crypto assets quickly.
It has its own native KEN token which can be used for staking and other transactional activities. Users can buy the KEN token in presale. All users receive a donation wallet in which all donations received by them are credited and available when needed.
Additionally, the platform generates a receipt for each donation and it is stored on the blockchain. Each of these receipts contains all the details of the transaction, which provides transparency and builds user confidence in the platform.
The platform has an efficient smart contracts system that offers a robust security mechanism and reduced costs by automating a multitude of tasks. For example, these smart contracts can help create different types of clauses for self-executing and self-executing tasks.
With the help of these smart contracts, the platform has implemented a security mechanism that ensures that the funds are transferred when all the stipulated guidelines are met.
For example, if a task needs to raise around 60% of an amount to qualify as “successful”, smart contracts will not be activated to fund the project and a clause will ensure that the funds will then be returned to donors.
How Tron is building the future of blockchain
Tron is an open-source cryptocurrency platform with over 90 million registered users. Additionally, it equips developers with next-generation Web3 tools to deploy powerful and scalable dApps.
It has its own native token known as TRX which can be used to fulfill any transactional obligation like staking and yield farming on the platform. The TRX token is listed on over 130 cryptocurrency exchanges.
It has a wide range of features for its users including JustLend which is Tron’s lending platform. Funding pool interest rates are determined by an algorithm based on the supply and demand of Tron assets.
Solana: The perfect tool to scale dApps
Solana is a powerful blockchain-based platform for building agile and user-friendly dApps. What gives it an edge over other similar platforms is how easily it makes it easy to scale globally. By maintaining a single global state as the network scales, Solana ensures that developers don’t have to worry about challenges like shared chains or fragmented Layer II systems.
It has its own native token, SOL, which can be used for various transactional purposes on the platform. Also, it has one of the lowest transaction costs among blockchain-based systems, less than $0.01 for users and developers. Another major factor contributing to its popularity is its speed. It has a block time of 400 milliseconds.
Keninah Concord (KEN)
Always do proper research when dealing with currency and token presales. The above information does not constitute investment advice from CryptoMode or its team, nor does it reflect the opinions of the website or its staff.
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