The birth of cryptocurrency in some ways was brought about to help bring autonomy back to the individual and take control of one’s assets from large institutions and corporates who profit from individual users maintaining their assets using their services. This is why as cryptocurrency continues to grow it is important to not forget the roots of the movement and maintain the democratising nature.
DeFi offers the potential for a truly meritocratic financial environment and while integration into wider society and institutions will benefit users, it is important to use protocols that allow you to remain autonomous and anonymous where possible.
One legacy project that was born out of Bytecoin, another privacy focus coin, that gives users unmatching decentralisation is Monero (XMR). Monero is primarily a payments and transactions protocol that allows users to remain anonymous when sending the transaction and only the receiving party knows the amount that has been sent.
Being fully fungible gives users the upper hand compared to alternative coins for payments, by offering users who have low levels of trust within the centralised world a safe way to go about merchant services.
Moreover, for years in the traditional stock market institutions have been able to hide their orders via dark pools and innately gain an advantage over retail investors who have to openly list their buy and sell orders on brokers and exchanges. Monero takes away the advantage that institutions have over the retail investor and allows for a more democratic environment.
While still a long way from institutional adoption as it would be a regulatory headache, the further the world switches towards DeFi, the more use case potential a protocol such as Monero will have. If you are looking for an alternative way to send money safely and anonymously, Monero is a good option.
Another project that offers the unique potential to democratise the world of presale investing is Logarithmic Finance (LOG). Logarithmic Finance, which is currently in its own presale, will allow easy access to the best presale projects on the market, and even do so at a discounted price for the coins they partner with.
The Layer-3 swapping protocol allows users to purchase presale projects via their native token LOG, a depreciating asset that boasts strong tokenomics through a fixed supply and a generous burn rate when the token is used in exchanges. This incentivises and benefits those who hold the token as the more the token is utilised, the higher the price will rise.
Lastly, upon swapping LOG for the desired presale coin, the tokens will go into one of two pools before being released into your connected DeFi wallet. The first pool is the Direct Access Pool, where tokens will be distributed immediately. This pool is for projects that do not have any locking or vesting periods during the presale of the coin. The second pool is the Time Freeze Pool, where your coins will be held until the vesting date or liquidity locking opens and then distributed into your wallet.
With the bear market upon us and stagflation impending, many investors are looking to new protocols for high yield returns, and layer-3 Logarithmic Finance is well-positioned to benefit. Through democratising the space and helping users have easy access to presale tokens Logarithmic Finance could be one of the most utilised projects in the coming years. If you are interested in the world of presale coins, then you should check out LOG.
Logarithmic Finance (LOG)
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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