Decentralized finance (DeFi) can be credited with disrupting the current financial services ecosystem by introducing blockchain-based protocols that put the investor in the driver’s seat when it comes to wealth generation. By eliminating the role of third-party institutions like banks, DeFi assets let the investor control the process while ensuring a host of advantages like data privacy, secure trading, community-based rewards, and much more. Built on blockchain technology, another key use case of DeFi protocols is passive returns from cryptocurrencies investment. These digital assets have garnered a pan-world following after being considered too risky for an asset for years. They managed to beat the odds by posting sustained results that trumped external factors like inflation and market volatility.
If you are still figuring out how to pick the best cryptocurrency to invest in, you can always start with research. You can dig up information about some of the leading names like Kittynomica (KIN), Solana (SOL), and Litecoin (LTC) and make an informed decision. Here’s a brief look at some of the key features of these three cryptocurrencies.
Kittynomica – Leveraging The Potential of Memes In The Metaverse
Kittynomica is a decentralized platform that enables its users to create memes and other kinds of content in the metaverse. Moreover, these memes can be mined as non-fungible tokens (NFTs) and then purchased, sold, and swapped in the Kittynomica marketplace. Alternatively, community members can meet and network to jointly create memes, sell them and share rewards they will get by engaging with the platform. The platform is built on the Binance Smart Chain and has a native token called KIN which can be used for a host of transactional purposes on the platform. These uses include staking, token swapping, earning rewards, voting rights, and much more.
Interested buyers will be able to purchase the KIN Token on presale. The total supply of these tokens is capped at 1,000,000,000 units. Of the total supply, 30% is reserved for seed sales, 17% for launchpad sales, and another 9% is set aside for strategic sales. The remaining tokens are set aside for advisors, founders, and team members, apart from other activities. Users should know that the token purchased on presale will have a vesting period of two months.
Kittynomica users will have access to three special verticals once they onboard the platform. The first is the marketplace where users can publish, sell and purchase the digital assets that they have created on voxel editor. The voxel editor helps users create genuine and authentic content that helps in giving shape to different ideas. The third feature is Kittlyland wherein users can put their assets within a piece of land. They can look forward to putting and decorating assets as they may like in the Kittyverse. The platform also charges a 5% fee on all transactions processed on the Kittynomica platform. Around 50% of the fee collected is distributed as staking rewards and another 25% goes back to the foundation.
Litecoin makes it to Bitwise 10 Large Cap Crypto Index
Litecoin is a decentralized and peer-to-peer platform that facilitates cross-border payments in cryptocurrencies at cost-effective rates. Its key features include wallet encryption, fast confirmation, higher storage efficiency, and seamless operations. The platform has a native token, LTC, that is used for all transactional purposes. These uses may include staking, token swapping, paying charges, and earning rewards. The network can support a higher volume of transactions because of more frequent block generation. For those who didn’t know, Litecoin is among the components of the ‘Bitwise 10 Large Cap Crypto Index’ after clocking a 115% return since it was launched.
Solana announces the launch of liquidity destination ‘Kamino’
Solana is a blockchain platform that equips developers with a range of Web 3.0 tools to build and deploy cryptocurrencies, NFTs, dApps, and other decentralized tools. It has a native token called SOL which is used for meeting all transactional obligations like staking and making payments that users may encounter on the platform. Its ability to maintain a single state when a network grows makes Solana an ideal tool for global scaling requirements. The feature also ensures that developers don’t have to be concerned about problems like sharded blockchains and fragmented systems. In a recent development, Solana announced the launch of Kamino – its liquidity destination. Kamino is a niche tool that balances concentrated liquidity positions automatically and uses quantitative modeling to streamline strategies for capturing value being leveraged by Solana’s protocols. In addition, it also auto-compounds rewards and fees.
Kittynomica (KIN)
Presale:
Website: https://kittynomica.io/
Telegram: https://t.me/KittynomicaTokenOfficial