The cryptocurrency market is dynamic, with constantly fluctuating values. In 2021, cryptocurrency prices skyrocketed; however, the crypto collapse in 2022 brought down prices, and the market is yet to recover. The crypto market is excited about the emergence of a new cryptocurrency, Supontis Token (PON), as the coin allows users to bridge multiple blockchains.
While experts predict that the dip will get better with time, some crypto platforms like The Sandbox (SAND) and Chainlink (LINK) continue to thrive in the dip due to their value in the crypto community.
Can the new cryptocurrency, Supontis Token (PON), join this league and compete? Let’s explore all three (3) cryptocurrencies and see if their benefits are worth it!
What good is your money if it remains dormant in your wallet? To make a profit, your money has to be dynamic to bring rewards. This makes trading a viable option.
However, this challenge is that most crypto platforms are isolated or have specific mechanisms.
An example is Bitcoin (BTC), whose stringent Proof-of-Work (PoW) consensus requires crypto mining to receive rewards. Meanwhile, coins like Polygon (MATIC) are built on the Proof-of-Stake (PoS) model, where users can stake the money in return for profits. Therefore, the role of bridging the gap between these chains is left unattended.
This is where Supontis Token (PON) comes in. The Supontis (PON) platform is designed to link one chain with another. It facilitates inter-chain transactions between the Ethereum (ETH), Binance (BNB), TRON (TRX), and Fantom (FTM) blockchains.
These transactions are securely processed at high speeds and minimal fees, thanks to the Binance Smart Chain (BSC).
Supontis Token (PON) runs on a Proof-of-Stake (PoS) model where you stake your money on the bridged chains to earn profits. You earn a percentage over your stake: the higher it is, the higher your reward. The platform utilizes this money-in low-risk protocol to generate revenue—just like fixed accounts in banks.
Supontis Token (PON) also incorporates a DAO feature. Users can vote in the governance platform by owning and holding the PON token.
Built on the Ethereum blockchain, The Sandbox (SAND) is a decentralized virtual reality protocol that leverages the benefits of gaming and finance (GameFi) to provide its users with the best features.
The Sandbox (SAND) platform operates with the Proof-of-Stake (PoS) consensus mechanism. Therefore, the protocol is less energy-intensive and validates transactions faster and at less cost.
The Sandbox (SAND) platform enables creators and developers to create user-generated content using smart contracts. The SAND token powers the activities on The Sandbox with utility and governance functions.
Chainlink (LINK), often called the blockchain for oracles, is a network powered by Ethereum (ETH). Oracles are intermediaries that support blockchain protocols with real-world data. Ultimately, it connects blockchain networks to off-chain data and services.
These oracles collect off-chain data and send them to blockchains through APIs. This facilitates real-world transactions and encourages blockchain adoption in the secular world. Chainlink (LINK) provides an easy connection between these blockchains and oracles.
The LINK token governs the Chainlink network. LINK is used to secure the network, process transactions, and pay Chainlink node operators. Nodes with higher staked LINK tokens get chosen to process data more than others.
Supontis Token (PON) facilitates secure, cheap, and fast transactions between multiple blockchains. It also offers users more options to utilize their crypto assets to yield more income. Thus, it has everything users need to benefit from their crypto holdings.
These offerings could entice many crypto users to Supontis Token (PON), which could propel it to the top of the crypto market.
Follow the links below to get started with Supontis Token (PON):
Presale: https://register.supontis.com
Website: http://supontis.com/
Telegram: https://t.me/SupontisTokenOfficial
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of NewsBTC. NewsBTC does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.
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