Axie Infinity (AXS) and The Sandbox (SAND) continue to experience good momentum and manage to maintain price levels. Can Logarithmic Finance (LOG) repeat such success after listing?
The Logarithmic Finance token is being offered for sale via a presale. It offers great utility and tries to combine decentralised finance (DeFi) and launchpad platforms by providing project developers with multiple liquidity options while raising finances.
Axie Infinity (AXS)
The Axie Infinity ecosystem offers gamers a chance to participate and govern the rich platform. The native token AXS is used as a governance token and can also be staked. AXS makes the gaming platform unique as users get to decide the future of the Axie Infinity empire.
The AXS token is currently trading at $45.92, and the all-time high price for AXS is at $164.90, which was achieved on November 6, 2021. The Axie Infinity ecosystem has a lot of updates planned for 2022 and could be a good addition to a diverse cryptocurrency portfolio.
The Sandbox (SAND)
The SAND token is the native coin of the Sandbox empire. Sandbox is a virtual universe allowing users to access the metaverse ecosystem. It is widely believed that in the future, meetings, conferences, businesses, and interactions will be conducted in a virtual ecosystem, and the Sandbox network allows users to do so with ease.
The SAND token is being traded at the price level of $2.63 and is down by 6% on the day, reflecting the broader sentiment of the cryptocurrency markets. However, it is a solid coin and can be added for potential gains as the network expands.
Logarithmic Finance (LOG)
The LOG token represents the native coin of the decentralised finance and launchpad rising empire. The LOG coin can be purchased through a presale currently. You can pay using various options, including the most popular crypto tokens such as Bitcoin, Ethereum, Shiba Inu, Avalanche, Litecoin, and Ripple. A total of 19 tokens are available as payment methods for purchasing LOG via the presale.
Key Uses Of LOG Token
The LOG token will be used as the major governance coin inside the Logarithmic Finance network. It can be staked, and users can make additional returns without having to sell the token to book profits. The LOG holders will also get access to other features via a tier-based model that will be launched in the future. The entire LOG ecosystem is planned to be governed as a DAO, and holders of the coin will get a say in deciding how the project moves ahead in the future.
Logarithmic Finance provides liquidity pools for upcoming projects that do not have access to a good launchpad platform currently. Existing systems charge too much, cannot ensure liquidity, and are closed platforms. The LOG network will support cross-chain bridging, and project owners will be able to move back and forth across different blockchain networks easily. This greatly increases the incentive for project owners to use the LOG network ensuring more adoption of the token.
The LOG token is being launched initially on the Ethereum network but will support other blockchains in the future. It is available through the presale for $0.002205 currently.
Users looking to diversify their crypto portfolios could select the three coins described above. While Axie Infinity and Sandbox are established coins, LOG token also plans to enable NFT swaps and could be a good addition for long term gains. It is always a good investment decision to catch such token launches early to book considerable returns in the future.
The project’s litepaper is available on the site, and you can also find out more about the use cases of Logarithmic Finance by following the links given below.