Stellar (XLM), Gate Token (GT), and Privatixy Protocol (PXP)
During a bear market, investors are extremely concerned with protecting their assets and preserving their capital. As the bear market ravages the global financial and cryptocurrency markets, it is important for investors to protect their assets till market conditions become better. Although the bear market makes investors go into defensive mode, it is the best time for them to buy the dip and purchase stakes in cryptocurrency projects. Many solid cryptocurrency projects are currently trading at a discount, hence, it creates an opportunity for investors to profit. With the number of crypto projects that are available on the market, it can be tricky picking those to purchase. Thorough research is required before any purchases are made to avoid buying duds.
Three cryptocurrency projects that would help investors protect their assets in this bear market are: Stellar (XLM), Gate Token (GT), and Privatixy Protocol (PXP). These three projects are built on the security of assets and investors looking to protect their tokens should be looking into these projects. Want to know more about these projects? Here is a brief summary of each.
Stellar (XLM) is a decentralized protocol that allows its users to perform peer-to-peer (P2P) finance transactions on its protocol. The protocol seamlessly links financial institutions and their users through its network. Stellar uses its XLM token to facilitate transactions on its blockchain regardless of the currency. For instance, to perform a currency swap, the initial currency is converted to XLM then it is then converted to the currency of choice. XLM maintains stable conversion rates using this system and facilitates global transactions seamlessly.
XLM simplifies the moving of money through various networks using the Stellar protocol. It helps financial services connect seamlessly to their users using its network. Stellar uses a distributed ledger system to reduce transaction fees and power its decentralized marketplace model. The marketplace uses order books to track ownership of assets and keep records of transactions. XLM token is required to perform transactions on the blockchain and it requires the users to have at least one.
Gate Token (GT)
Gate Token (GT) is the native token of Gate blockchain. The Gate blockchain is designed to provide on-chain asset security. The blockchain helps its users to secure assets on its blockchain by preventing hacks or exploits. Security is a problem for the crypto community and the gate blockchain provides a solution for this problem. Furthermore, the gate blockchain uses its technology to give users a better security for their assets without moving them off-chain. For transactions, the blockchain uses a unique consensus mechanism to secure the network from hacks or attackers.
Gate Token gives users various customization options and delay mechanisms that users can use to secure their assets. These mechanisms would help users to protect their assets even if their private keys have been compromised thereby providing robust security. These measures ensure the on-chain security of user assets when they are stored on the Gate blockchain.
Privatixy Protocol (PXP)
Privatixy Protocol (PXP) is an open source protocol which serves as a security backbone for blockchains. The protocol will secure the transactions of users without limiting their experience or affecting transaction speeds as integration is seamless. Privatixy Protocol aims to provide integrated scaling solutions and use Zero-Knowledge proof systems to control what information is freely available to users. This boosts the anonymity and security of blockchains that implement the protocol. In addition, the protocol will also allow secure multi-chain interoperability.
PXP is the native token of the Privatixy Protocol. The token will serve various purposes on the protocol including governance, rewards, and staking. In addition, token holders will become members of the Privatixy Protocol DAO where they would be able to actively participate in governance. The project aims to improve the security of crypto by implementing scalable ZK proofs.
Privatixy Token (PXP)