3 viable options to consider in this difficult time of market recession: lynqyo, shiba inu and polygon





Introduction

Cryptocurrencies started in 2008 and resulted in gaining prominence leading to the emergence of a new economic paradigm. Cryptocurrencies are attracting attention all over the world. The rising popularity of cryptocurrency has led to a huge spike in demand and has sparked a crypto craze. Cryptocurrencies have changed over the years and have the potential to save money and diversify one’s assets. The problem is that cryptocurrencies like bitcoin are highly volatile, making them unpredictable and difficult to adopt around the world. This volatility can be attributed to many things, including changing technology, increased speculation in other cryptocurrencies besides bitcoin such as Ethereum, and their lack of regulation by centralized banking institutions. However, there are ways to take advantage of volatile markets without taking a lot of risk.

As the popularity of cryptocurrencies continues to grow, so does market volatility, which some believe will lead to a crash. The value growth of cryptocurrency is unprecedented compared to almost any other financial instrument ever seen. Pre-sale cryptocurrencies are the perfect option to make huge profits once they are released. Projects that focus on different aspects such as DeFi, NFT, Blockchain and other emerging sectors are likely to receive more support and deliver more value than other projects. Projects like Lynqyo (LNQ) allow artists to monetize, stake, and other functions.

Lynqyo (LNQ)

Lynqyo (LNQ) is a decentralized open source protocol that enables the discovery, evaluation, licensing and exchange of non-physical content. Specifically designed for the content economy, it enables tokenization, liquidity, and management of various types of non-physical content. This platform provides a suite of web3 protocols, tools and applications to scale, own and monetize their content and communities.

The governance structure of Lynqyo (LNQ) is based on the Decentralized Autonomous Organization (DAO) which allows holders of LNQ tokens to be given voting rights to vote on proposals submitted by other members of the community. These proposals address operational issues such as the acquisition of liquidity pools, partnerships and new products. The project also issues liquidity pool (LP) tokens, which are used to maintain the flow of liquidity by compensating users for their contributions. Liquidity ensures transparent operation and smooth transactions. It also makes it possible to limit price fluctuations and keep the value of LNQ stable.

Lynqyo (LNQ) believes in empowering creators to influence culture and improve the world. The team wants to fight against centralized infrastructure and exploit algorithms to make sure storytellers reclaim their power for the better. The team will provide blockchain-based subscriptions and modular content platforms for creators. The project is somewhat influenced by Bitcoin (BTC). Lynqyo (LNQ) will gain in value thanks to the multitude of real-world applications and use cases, providing an innovative platform to its users.

It has a protocol for storing content, it will provide an application specific ecosystem that implements multiple protocols for creators. In addition, it aims to reach a wider audience by developing a “proxy” on the web2 ecosystem. This makes the move from web2 to web3 seamless for users around the world. This protocol also extends to NFTs and provides users with a framework in which to tokenize any piece of non-physical content.

Polygon (MATIC)

Polygon (MATIC) launched a layer two (L2) blockchain for Ethereum in 2017, which provides scaling solutions that provide multiple tools to improve speed and reduce the cost and complexity of scaling on the blockchain network. Thanks to its specially designed framework, this platform allows developers to create and launch Dapps and Ethereum compatible blockchains with a single click. Polygon (MATIC) provides developers with a variety of modules that they can use to easily deploy and configure their custom blockchains. It includes governance and consensus modules, as well as a variety of virtual machine runtimes and implementations.

This protocol uses a Proof of Stake (PoS) consensus mechanism and a unique cryptocurrency architecture known as Heimdall. This architecture randomly selects block producers from a pool of validators participating in the Polygon network and differentiates it from traditional PoS blockchains, allowing them to participate in block validation and production. He envisions a world where individual blockchains can break loose and easily exchange value and information. This protocol consists of four abstract and composable layers, which allow developers to determine which layer to use when building particular projects. These layers are the Ethereum and Security layers and the Polygon Network and Execution layer.

The Ethereum layer is composed with smart contracts that are responsible for staking, confirming transactions and ensuring the interaction between Polygon and Ethereum. This layer allows the blockchain to leverage the security of the Ethereum network. Connecting the security layer to EL provides a reliable level of security through a network of validators, but with a higher transaction speed. These two layers are optional and can be added extra for projects where security is important. The Blockchain architecture requires the Polygon Network layer and the Execution layer. The first consists of sovereign networks with their mechanism for producing consensus and blockages. Next, the execution layer is responsible for executing smart contracts and confirming all transactions.

Shiba Inu (SHIB)

Shiba Inu (SHIB) launched an Ethereum-based meme coin in August 2020 that runs on a decentralized computer network with a blockchain database. Blockchain manages and tracks cryptocurrencies, verifying transactions and recording every transaction that takes place with it, so that the database becomes a long-term record of the cryptocurrency’s movement. This meme piece features Shiba Inu – a breed of Japanese hunting dogs. The developers have come up with their decent exchange known as ShibaSwap that allows users to earn from staking and provide liquidity to pools. This exchange is specifically designed to allow people to trade cryptocurrencies in a decentralized manner.

ShibaSwap has several features and two extra tokens, namely LEASH & BONE. LEASH was a purpose-built rebase token used to deploy or provide liquidity on ShibaSwap and BONE played as a governance token in Doggy DAO. In addition to tokens, users can take advantage of other Shiba Inu products, including Shiboshi, a non-fungible token (NFT) project created on the platform. Each Shiboshi is a pixelated Shiba Inu dog with specific traits that make them unique. Shiba Inu (SHIB) works using the PoW mechanism and transitions to Proof of Stake (PoS).

With the upcoming release of ETH 2.0, the new upgrade will use the PoS consensus method. It offers much faster transaction speeds at a lower cost and much more. This rig comes with a Shiba Inu incubator, designed to find ways to honor the creativity of artists outside the traditional art forms. It will bring forth true creators of art and other content. Holders have access to upcoming NFTs and additional tools, which come with portfolio trackers to make navigating the crypto world intuitive. It allows users to sell, create and trade NFTs on the ShibaSwap platform.

Final verdict

Lynqyo (LNQ) is a new cryptocurrency that is still in the pre-sale phase. He has been involved in all primary transactions within the ecosystem. It has the potential to skyrocket in value and the token will be available on exchanges. However, the dates of the presale and the total number of LNQ tokens that would circulate have not yet been determined. Polygon (MATIC) faces stiff competition when it comes to other cryptocurrencies and scalability issues. However, it has made significant strides in creating multi-chain solutions in the crypto space that are compatible with all blockchains. In addition to the functionalities and utilities, Lynqyo (LNQ) distributes rewards and cashbacks in the presale phase. For example, you can get 7% cashback if you buy in the first presale stage and 5% in the second stage. If your referral spends $300 on the platform, you will automatically receive a $100 reward in your account.

For more information about Lynqyo (LNQ), please visit the following links:

Presale: https://buy.lynqyo.com

Website: http://lynqyo.com/

Telegram: https://t.me/LynqYO





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