Cryptocurrency is on the rise once again and we’re all loving it. With the economy starting to look up, a lot of people are eager to face the prospective opportunities of acquiring more through passive means, and with an over-saturated market like crypto’s, it could get a little tricky picking a coin that’s right for the job, especially with different utilities and benefits they offer.
Some would think the only way to go would be by aiming for a big shot such as Bitcoin or Ethereum but honestly, why look that far when you’ve got valid choices like Polkadot (DOT), an open-source platform known to facilitate the transfer of various data types and the communication between different blockchains.
And there is also Magniswap (MAGNI), a platform that offers various cryptocurrency solutions. To find out more about them, keep reading.
Magniswap (MAGNI)
Magniswap (MAGNI) is a next-level platform developed to create a better, easier, and more successful future for the DeFi and cryptosystems. Magni’s name is derived from Germanic Paganism and it represents the Norse god of strength, which aligns with its main objective to build a community that can withstand anything, growing to be the largest gathering on the blockchain ecosystem and leading to remarkable development and an increase in the adaptation of the Magniswap token.
Magniswap was founded in 2022 to give rise to a strong and exceptional community with a token capable of growing and lifting the community to the point where it edges out competitors in the crypto sector. This will ensure that the token’s goals to keep growing and rising quickly are achieved. Magni is community-run and its community intends to provide members and holders access to liquidity pool acquisitions, farming and staking, swapping, and other innovations in the future with its tokens through DeFi and BNB blockchain. Mangiswap will be a decentralized community and as such, it will be governed through DAO and all token holders will be enabled to take part in decision-making.
Magniswap community intends to provide cryptocurrency solutions that proffer opportunities while boosting the availability and growth of crypto use cases. The platform hopes to offer financial solutions to lingering issues within the cryptocurrency and DeFi space and create an engaging community based on trust and openness to positively impact the world. The goal of the Magniswap decentralized project is to grant innovations for supporters, holders, and the whole community overall.
Magniswap’s vision is to provide additional utility to DeFi and cryptocurrency and to also become the first-choice DeFi token for farming, staking, and swapping. Overall, Magniswap’s mission is to build a strong crypto community that will enable members to have a say in the decision-making process, while granting community members and holders access to staking, swap, and farming functions with its token.
The traditional industry is currently plagued with so many issues that inconvenience users consistently. Their services cost far too much to maintain the data entries and branch networks, resulting in high costs with too many variables, their financial systems are plagued with poor architecture, and traditional payment methods cultivated for merchants and borderless payments have to endure regulations of different countries. In addition, global transactions are accompanied by extravagant fees and slow processes.
To handle this, Magniswap assembled various methods of solution to tackle the problems. The platform offers a financial service value chain with solution-driven innovations which connects all the products in its ecosystem. Magniswap itself is a financial solution based on a PoS (proof-of-stake) consensus network granting faster and seamless transactions through an adaptable, trusted, and open approach to validate transactions. Global transaction problems are given solutions with seamless and fast transaction processes through its native token possessing PoS consensus mechanisms and the underlying blockchain technology that assures high speed, secure, and low fee transactions.
Magniswap also caters to investors, providing them and holders with a decentralized community and a token full of unique utilities. Additionally, users who invest in Magni will be provided with the option of staking and yield farming to enable the gain of more rewards.
Magniswap’s native cryptocurrency is $MAGNI and there it has a supply of 2,000,000,000 tokens, 30% of which was allocated for its pre-sale. Magniswap’s pre-sale is currently ongoing and users who purchase the token with USDT ERC-20 within fifteen minutes of signing up will be granted a bonus of 14%. Additionally, if the purchase is done in the second stage of pre-sale, a bonus of 6% will be awarded. Magni’s tokens’ utilities include token farming, staking, and swapping.
Polkadot (DOT)
Polkadot (DOT) is a sharded multichain open-source protocol that secures and connects a network of specialized blockchains, enabling the cross-chain transfer of any asset or data types, other than tokens, therefore permitting blockchains to be interoperable with each other. Polkadot’s design objective was to provide a decentralized internet of blockchains, commonly referred to as Web3 with a solid foundation. Polkadot was founded by Peter Czaban, Dr. Gavin Wood, and Robert Habermeier.
Polkadot is known to be a layer-0 meta protocol because it describes and underlies a structure for a network of layer-1 blockchains called parachains (parallel chains). As such, it is also within Polkadot’s capabilities to autonomously update its codebase through governance, according to the wishes of its community of token holders. Polkadot specializes in offering a foundation to support a user-controlled decentralized web and to make the creation of new services, institutions, and applications easier.
Polkadot possesses four main components; Relay Chain which is the heart of the platform that aids in the creation of interoperability, consensus, and shared security across the network of numerous chains, Bridges that permit the connection and communication between parathreads and parachains with external blockchains such as Ethereum, Parachains that are independent chains with the ability to have tokens of their own and can be optimized for particular use cases and Parathreads which are similar to parachains, only that they have flexible connectivity crafted from an economical pay-as-you-go model.
The Polkadot protocol can link private and public chains, oracles, permissionless networks, and technologies of the future, permitting these independent blockchains to share transactions and information trustlessly through its Relay Chain. Polkadot’s native token $DOT has three main purposes which it serves; promoting network governance, staking for security and operations, and bonding tokens to connect parachains. Its uniqueness stems from its ability to process several transactions on numerous chains in parallel and this processing power boosts scalability.
Polkadot is embedded with a really sophisticated governance system that is user-driven, where every token holder can vote on decisions involving how the network is run. Teams also can customize blockchain governance of their own on Polkadot following their evolving conditions and needs.
Polkadot has estimated to be around $8 billion.
In conclusion, these coins carry variants of what is needed. Most focus on a crypto’s ability to generate a lot of income and in the process, necessary features that will make life better and more convenient go unnoticed. With DOT, software developers are provided with a platform that brings ease to the creation and establishment of new services and applications. MAGNI offers an easier and cost-effective way of processing foreign transactions, with increased speed and strength.
Magniswap: https://magniswap.io/
Pre-sale: https://signup.magniswap.io/register
Telegram: https://t.me/MagniSwapOfficial
