Many Cryptocurrencies are still in their early developmental stages, which means that there are plenty of opportunities for investors willing to risk a bit in order to reap high rewards. In this blog post, we’re going to take a look at Calyx Token (CLX) – and explore how investing in it could potentially earn you millions as other, more established cryptos such as NEAR Protocol (NEAR) and Cardano (ADA) fall.
Calyx Token (CLX): Investing In a Presale Coin Can Make You Millions
Calyx Token (CLX) is a community-driven project and a permissionless liquidity protocol, being designed and developed with a core focus to allow the multi-chain crypto trading and sourcing of liquidity from various liquidity sources like DEXs running on top of different blockchain networks to allow trading and token swaps at best prices.
The currency is now in the first phase of its presale. Everyone who wants to join a creative and enthusiastic community of crypto-innovators and like-minded individuals will be able to do so.
Users of the coin will be rewarded a portion of the trading fees generated by deposits of cryptocurrencies into a shared liquidity pool, which is one of the most significant benefits. By providing liquidity, consumers create additional money without having to put in any work. Calyx Tokens (CLX) may also be used for governance on the CalyxDAO, with voting taking place there and all ideas being available for a public vote. Staking those tokens will earn you perks as well.
NEAR Protocol (NEAR): An Ethereum Competitor
NEAR Protocol (NEAR) is a cryptocurrency with smart contract abilities. It’s intended to be developer-friendly and make it easier to create decentralized apps. NEAR is also interoperable with Ethereum (ETH) via their Rainbow Bridge, which is a trustless bridge that allows you to move assets like ERC20 tokens and NFTs between Ethereum and NEAR.
The inflation rate of 5% per year is used to create block rewards on the NEAR blockchain. The staking validators and delegator staking pools earn 90% of each block reward, while the remaining 10% goes to the NEAR treasury, which is currently controlled by the NEAR Foundation.
The initial coin offering for NEAR Protocol (NEAR) occurred in August, yet token transfers were not accessible until October 13, the date of the main net launch. On that day, it was trading for around $2 on several exchanges, or 6 times its ICO price. After seeing an all-time high at $20, it is falling towards $15 for the last week.
Cardano (ADA): The First Third-Generation Coin?
Cardano (ADA) is a blockchain project led by Charles Hoskinson, one of Ethereum (ETH)‘s co-founders, with the goal of “creating a more balanced and long-term ecosystem” for cryptocurrencies. It is the only cryptocurrency with a “scientific approach and research-driven attitude,” according to its website.
ADA calls itself the first of its kind and aims to address scaling and infrastructure issues that emerged in Bitcoin (BTC), a first-generation cryptocurrency that popularized the concept of virtual currency, and Ethereum (ETH), a second-generation cryptocurrency that broadened coin use cases. Cardano’s (ADA) goal is to solve scalability, interoperability, and sustainability issues on cryptocurrency platforms.
Cardano (ADA)‘s main application presently is as a cryptocurrency. It is sometimes referred to as the “Japanese Ethereum” and was expected to be distributed in Japan via ATMs and debit cards last year. Cardano’s long-term goals are as ambitious as its current focus on the settlement layer. Cardano wants to go beyond the settlement layer and develop a Control layer, which will be used by advanced systems such as gambling and gaming systems.
The platform has a long track record and a long-term vision for its blockchain and cryptocurrency. It’s still early days, though. While Cardano’s original purpose is as a currency, its blockchain aims to go beyond coins into a control layer that will offer functions not available in the current cryptocurrency ecosystem. The current live Cardano price is $0.95, with a 24-hour trading volume of over $845 million. The coin’s value has decreased by 0.42% in the last 24 hours.