Logarithmic Finance (LOG) is a new DeFi project set to revolutionise the way innovators raise funds. Showing a lot of potential, it seems as if LOG is one of the upcoming tokens to take over the market. Logarithmic Finance is making new changes like FTX Token (FTT) and Polygon (MATIC). Both, FTT and MATIC are big cryptos within the market and it seems like LOG will be following close by.
FTX Token (FTT)
FTT is the backbone of the FTX Token. Launched in 2019, FTT has now grown to over a million users and is one of the biggest coins in the market.
Over time, FTX Token has solved liquidity problems encountered by other exchanges. FTX Token users can now trade at high liquidity levels and buy at their desired prices. This helped FTT rise significantly and attracted more users. As FTT was created on the Ethereum blockchain, it was able to develop and gain popularity.
The most popular use of FTT is its cheap trading fees; FTT holders receive discounted trading fees and also get tighter spreads. Token holders can also stake their tokens for bonuses.
When FTT is staked, users can claim a free NFT, claim airdrops, get extra rebates, and more. FTT can be used as collateral to enter future positions.
Polygon (MATIC)
Polygon has come far in the crypto space and one of its biggest inspirations comes from Ethereum. Ethereum is a blockchain that serves numerous decentralised applications. These applications can be used to do a wide range of things, hence there is a lot of activity taking place on the blockchain. Due to this, Ethereum has been suffering from issues due to high volumes of transactions taking place at once, leading to high gas costs.
Polygon was created as a scalability tool, aiming to solve the issue of high volumes of traffic affecting gas prices and focuses on reducing the complexities of transactions by making things faster and cheaper. Polygon is a layer 2 network that works on already created blockchain layers.
MATIC is the unit of payment for users of the Polygon network. Aside from payment, users can also stake MATIC for profits and bonuses. Staked MATIC can also be used to vote on the network.
Logarithmic Finance (LOG)
Logarithmic Finance is a platform that allows participants to raise funds and launch products across various blockchains. As a DeFi protocol, it was created to facilitate Layer III swapping. Innovators and investors can collaborate seamlessly on Logarithmic finance protocol.
Innovators can raise funds swiftly on their desired blockchain with the aid of Logarithmic Finance. Ethereum is the only available network at the moment. Nonetheless, the developers have promised in their roadmap to include other blockchains such as Solana, Binance Smart Chain, Avalanche, Polygon, and Tezos.
With awesome features, Logarithmic Finance is set to enter and grow in the crypto ecosystem. The developers intend to use on-chain data to continually increase the protocol’s UX. Homomorphic encryption is also being used to enable secured swapping mechanisms.
LOG is the native token which will allow innovators and investors to use the protocol. With LOG, holders can auction their NFTs and receive payment. LOG can also be used as a gas fee which will be 80% cheaper than the average fee.
The use of LOG is endless. Participants can stake their tokens and earn rewards. The developers promise better swap rates, discounts & incentives, high yield investments, etc. Holders also get governance rights and exclusive pool access.
As LOG is currently in presale, users can start buying now using the links below.
Presale: https://presale.logarithmic.finance/register
Website: https://logarithmic.finance/
Telegram: https://t.me/LOGARITHMIC_FINANCE_OFFICIAL
