Logarithmic Finance Is On The Rise And Should Be On Your Watchlist Alongside Gnosis (GNO) and Compound (COMP)

The DeFi market is currently worth over $100 billion. Popular tokens from DeFi ecosystems include AVAX, UNI, CAKE, GNO, and COMP, among others. Logarithmic Finance (LOG) is one of the latest decentralised platforms in the market, and its ecosystem’s innovative features make it one to look out for.

The Logarithmic Finance (LOG) developers seek to strengthen and completely decentralise the liquidity actions between multi-blockchain networks. This is done by creating projects and investing in the Logarithmic finance platform. The ecosystem has two user categories: project innovators and project investors.

With these, Logarithmic finance will have projects fully backed by the power of decentralised finance. Logarithmic finance is a next-generation layer-3 swapping protocol built to ensure hitch-free connectivity between early adopters of LOG, project innovators, and investors.

The platform will integrate different blockchain networks, including Ethereum, Binance Smart Chain, Polygon, Avalanche, Tezos, and Solana. With these, project innovators and investors can interact on any blockchain of their choice.

What Edge Does The Logarithm Finance Tokens Have Over A Token Like Gnosis (GNO)?

The native tokens of an ecosystem thrive depending on the quality and benefits that the platform can offer. An ecosystem like Gnosis (GNO) also offers a similar function that enables users to build new market mechanisms for decentralized finance. The platform’s products let you trade, create, and hold digital assets on the Ethereum blockchain.

With these features, the native tokens, GNO, do well in the market and generate passive income for its users. LOG has several fascinating prospects, and users of the coins are likely to experience good profits as they hold and transact. This is all providing the project continues to acquire long-term users of the platform.

Its primary feature, where you could create different projects that could thrive with top investors and have the full backing of Defi, is not the only thing to watch out for. Other technical highlights of the platform are discussed below:

Fully Homomorphic Encryption (FHE)

The platform uses excellent security that allows the swapping mechanism for end-users through homomorphic encryption. This encryption eliminates the necessity of decrypting data packets while the computing process runs underground. Furthermore, this encryption makes the arbitrary computation of encrypted data possible.

Cross-Chain and Multi-Chain Integrations

The platform will ensure interoperability between heterogeneous blockchains and inter-chain communications. These cross-chain integrations will encourage several use-cases to broaden the scopes of investors and investors in the Logarithm Finance ecosystem. It will also allow peer-to-peer transactions on various blockchain networks.

On-Chain Data

The On-chain data will allow your experience on the Logarithm Finance platform to be better with each passing session. In addition, your preferences as you use the platform will help the engineering and UI/UX team to allow modifications in the interface and functionalities, giving users a hitch-free experience.

Gas Fee Reduction

The developers of Logarithm Finance understand the need for low transaction fees in swapping tokens and digital assets. Hence, the team has built a code architecture that ensures only necessary vital data is enabled on the blockchain. This practice has allowed reduced and balanced gas fees for all transactions on the platform.

NFT Swap

The platform will also feature an NFT Swap that introduces auction functionality exclusively for the LOG token holders. This means project innovators can accept payments for their NFTs in exchange for different cryptocurrencies or stable coins.

Governance Rights

LOG holders will have a say in the decisions that go into molding the Logarithm Finance ecosystem. The community will be able to create and vote on the proposals for making new features available to the ecosystem.

Conclusion

In summary, the key features of the tokens are recipes to make them thrive well in the cryptocurrency market. You will do no wrong by being an investor or innovator in the ecosystem and holding LOG.

Logarithmic Finance

Presale: https://presale.logarithmic.finance/register

Website: https://logarithmic.finance/

Telegram: https://t.me/LOGARITHMIC_FINANCE_OFFICIAL

This article originally appeared on https://www.theportugalnews.com/news/2022-05-24/logarithmic-finance-is-on-the-rise-and-should-be-on-your-watchlist-alongside-gnosis-gno-and-compound-comp/67311