The Decentraland (MANA) ecosystem is constantly expanding and great partnerships are announced every day. Elrond (EGLD) has also offered some interesting decentralized finance solutions while Logarithmic Finance (LOG) is a new upcoming token that seeks to provide direct connectivity between investors and project developers.
Let’s find out how these three cryptocurrency tokens can be added to guarantee risk-free returns for your investment portfolio.
Millennium Hotels and Resorts buys virtual properties from Decentraland (MANA)
The Millennium Hotels and Resorts group has entered the Decentralized (MANA) ecosystem by buying virtual properties.
The Millennium Group aims to attract the next generation through the virtual reality universe where visitors will be able to interact with virtual avatars that will guide them through the hotel property and users will also have the opportunity to earn exciting rewards inside of Decentralized ecosystem.
The group also plans to see collaborations within the metaverse platform.
The Millennium Hotels and Resorts group is owned by Singaporean billionaire Kwek Leng Beng.
Binance Coin (BNB) adds support for Elrond (EGLD) tokens
Binance has completed the integration of Elrond (EGLD) tokens and Utrust Token (UTK) became the first Elrond family token to be listed by Binance.
The Elrond Standard Digital Token (ESDT) was recently integrated by Binance. This paves the way for more tokens from the Elrond ecosystem to be listed on the Binance network.
EGLD has seen large volumes of whale buying as the Elrond network is adopted by major cryptocurrency exchanges. The third version of Elrond network was also successfully launched recently.
Logarithmic Finance (LOG) Could See Rating Gains
the Log Finance (LOG) The token could experience significant quote gains once the presale period is over.
The Logarithmic Finance ecosystem will consist of liquidity pools that will allow project developers to seek access to investor funds in a fully decentralized and permissionless manner.
Fundraising is a difficult task as it requires a lot of coordination between different parties.
As the cryptocurrency ecosystem grows, more product launches are expected to take place and developers will need a platform where they can connect with investors and raise funds seamlessly and securely. . Centralized platforms charge high fees for conducting token launches and as a result, smaller projects are deprived of access to investor funds.
Logarithmic finance will function as a decentralized DAO community that will decide which project to support through a voting process.
The entire system will work seamlessly and securely so that investors have complete information about the project being launched and project developers can access funds through multiple blockchain networks.
There are many interesting token exchange protocols using the power of decentralized finance (DeFi), but most systems have been built on the Ethereum blockchain which has been criticized for high congestion and exorbitant fees.
A protocol like Logarithmic Finance could help circumvent this problem as assets could be transferred to different blockchain networks to utilize lower fees and overcome network congestion. For example, an alternative network could be used during peak hours.
The Logarithmic Finance ecosystem was designed for retail investors and comes with a lightweight user interface and advanced liquidity pool functionality that should appeal to investors and project owners.
Learn more about logarithmic finance