Cryptocurrencies have come a long way from being considered a risky investment tool to one that everybody is considering.
The case for cryptocurrencies was further bolstered by the popularity of non-fungible tokens as they showed the world how tokenising trends in culture, art and fashion could help in creating a new asset class for future wealth generation.
Based on blockchain’s distributed ledger technology, these cryptocurrencies make for a cost-effective investment option as there are no intermediaries like banks and brokers that investors have to pay.
Moreover, with the lack of an authority figure with complete control, cryptocurrencies and NFTs offer permissionless and fast-paced transactions and lastly, data privacy that staves off cybersecurity concerns.
If you are a rookie investor who’s looking for dependable bets that could serve as a buffer in case of an inflation crypto market, you can start by researching some of the trusted names like Keninah Concord (KEN), Solana (SOL), and Tron (TRX).
Keninah Concord: Driving last-mile impact with blockchain assets
Keninah Concord is a decentralised platform built on the Binance Smart Chain that bridges the gap between donors and charitable organisations by providing seamless payment services.
With Keninah Concord, donors get the transparency to ensure that their contributions land in the correct place, while recipients can look forward to prompting delivery of crypto assets.
It has its own native token KEN that can be used for staking and other transactional activities. Users can purchase the KEN Token on presale. All users get a donation wallet wherein all donations received by them are credited and are available when needed.
Moreover, the platform generates a receipt for every donation and it is stored on the blockchain. Each such receipt features all the details about the transaction that provides transparency and boosts users’ trust in the platform.
The platform has an efficient system of smart contracts which offers a robust security mechanism plus lower costs by automating a host of tasks. For instance, these smart contracts can help create various kinds of clauses for self-enforcing and self-executed tasks.
With the help of these smart contracts, the platform has in place a security mechanism that ensures that funds are transferred when all stipulated guidelines are met.
For example, if a task needs to raise around 60% of an amount in order to be called ‘successful’, the smart contracts will not be activated to fund the project and a clause will ensure that the funds are then returned to the donors.
How Tron Is Building the future of blockchain
Tron is an open-source cryptocurrency platform that has over 90 million registered users. In addition, it equips developers with next-generation Web3 tools to deploy powerful and scalable dApps.
It has its own native token known as TRX that can be used for meeting any transactional obligation like staking and yield farming on the platform. The TRX Token is listed on more than 130 cryptocurrency exchanges.
It has a wide array of features for its users, including JustLend, which is Tron’s lending platform. The interest rates of the funding pool are determined by an algorithm based on the supply and demand for Tron assets.
Solana: The perfect tool for scaling dApps
Solana is a powerful blockchain-based platform to build agile and user-friendly dApps. What gives it an edge over other similar platforms is the ease with which it facilitates scaling on a global level. By maintaining a single global state while the network scales, Solana ensures that developers don’t have to be concerned about challenges like shared chains or fragmented Layer II systems.
It has its own native token, SOL, that 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 both users and developers. Another major factor that contributes to its popularity is its speed. It has a 400-millisecond block time.
Keninah Concord (KEN)
Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff.
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