Can Logarithmic Finance (LOG) Mimic the Successful Presale of Filecoin (FIL) and Tezos?
Logarithmic Finance (LOG) aims to usher in a new era of decentralized finance.
Presales are an interesting phenomenon in the cryptocurrency industry.
This is an event when you find out how much support your project has before launch.
Cryptocurrency projects sell tokens before the ICO (initial coin offering), usually at a discounted price.
Both Filecoin (FIL) and Tezos (XTZ) got very successful presales on their way to becoming established cryptos in the space.
Only entered the space after launching the project in October 2021, Logarithmic Finance (LOG) will certainly aim to follow in the footsteps of Filecoin and Tezos.
1. Financial Logarithmics (LOG)
Focusing on solving the interoperability issues that continue to plague the cryptocurrency industry, Logarithmic Finance (LOG) aims to usher in a new era of decentralized finance.
Logarithmic Finance is a layer-III exchange protocol that aims to improve connectivity between innovators and early-stage investors.
Implementing multi-chain integration between the Binance Smart Chain (BSC), Avalanche (AVAX), Solana (SOL), Tezos (XTZ), Ethereum (ETH) and Polygon (MATIC) blockchains will allow for the expansion of innovators and investors in the LOG platform.
With plans to achieve an 80% rate of reduced gas costs as well as an NFT auction function that will be provided specifically for LOG token holders, Logarithmic Finance is trying to create an ecosystem that can accommodate all users.
With the DeFi industry exceeding TVL (total locked value) by $ 100 billion by July 2021, the opportunities for the space are endless and one LOG looks to take advantage of it.
LOG looks to overcome the lack of a user -friendly interface and a well -written smart contract by creating a lightweight user interface as well as an attractive user interface.
Presale of LOG tokens is scheduled to take place in Q1 of 2022 which will be an exciting experience for the newly formed cryptocurrency.
2. Tezos (XTZ)
Using a proof-of-stake consensus (PoS) mechanism, Tezos (XTZ), a blockchain network, is connected to digital tokens where token holders are rewarded for participating in the PoS protocol.
Launched in 2018, Tezos held an ICO (initial coin offering) in 2017 and generated a staggering $ 232 million, which is still one of the largest presales in cryptocurrency history.
Made up of 65,627 Bitcoin (BTC) and 361,122 Ethereum (ETH), Tezos (XTZ) was soon plagued by legal issues after some investors failed to accept tokens.
Knowing the community, XTZ owners can vote on the changes proposed for the project.
The digital token, called tez or tezzie is currently trading at $ 3.03, which is up 3.0% over the past 24 hours.
The rating is 46th the world’s largest cryptocurrency, according to data from CoinMarketCap, Tezos is also designed to use smart contracts, like Ethereum.
3. Filecoin (FIL)
Released in 2014, Filecoin (FIL) is an open-source digital payment system that contains genuine FIL tokens.
Aiming to push computer operator networks to provide file sharing and storage services, the founders of Filecoin believe it has the potential to be not only the cheapest but fastest way to store data on the internet.
Like Tezos, Filecoin experienced a very successful ICO in 2017, raising $ 205.8 million which remains one of the largest ICOs of all time, as well as raising $ 52 million in previous presales.
Filecoin (FIL) is currently trading at $ 17.07 with the coin up 0.9% over the past 24 hours.
Crypto is ranked 41stst the world’s largest cryptocurrency, according to data from CoinMarketCap.
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