Can log finance (LOG) mimic the pre-sale success of Filecoin (FIL) and Tezos?


Can log finance (LOG) mimic the pre-sale success of Filecoin (FIL) and Tezos?

by Analytics Insight

April 3, 2022

Logarithmic Finance (LOG) aims to usher in a new era of decentralized finance.

Presales are an interesting phenomenon in the cryptocurrency industry.

They are the event where you find out about the support your project has before its initial launch.

Cryptocurrency projects sell their token before an ICO (initial coin offering), usually at a discounted price.

Filecoin (FIL) and Tezos (XTZ) have had extremely successful pre-sales on their way to becoming established major cryptos in the space.

Barely entering the space after founding the project in October 2021, Logarithmic Finance (LOG) will certainly aim to follow in the footsteps of Filecoin and Tezos.

Logarithmic finance

1. Log Finance (LOG)

Focusing on solving the interoperability problem that continues to plague the cryptocurrency industry, Logarithmic Finance (LOG) aims to usher in a new era of decentralized finance.

Logarithmic Finance is a Layer III exchange protocol that aims to promote connectivity between startup innovators and investors.

Implementing multi-chain integration between Binance Smart Chain (BSC), Avalanche (AVAX), Solana (SOL), Tezos (XTZ), Ethereum (ETH), and Polygon (MATIC) blockchains will enable expansion innovators and investors on the LOG platform.

Logarithmic finance

With plans to achieve an 80% gas fee reduction rate as well as the NFT auction functionality that will be provided exclusively to LOG token holders, Logarithmic Finance is trying to create an ecosystem that can cater to all of its users.

With the DeFi industry surpassing its TVL (total value locked) of $100 billion in July 2021, the opportunity for the space is endless and a LOG is looking to take advantage of it.

LOG seeks to address the lack of user-friendly interface and poorly written smart contracts by building a lightweight user interface as well as a compelling user interface.

The presale of the LOG token is expected to take place in the first quarter of 2022 in what will be an exciting experience for the newly formed cryptocurrency.

2. Tezos (XTZ)

Using a proof-of-stake (PoS) consensus mechanism, Tezos (XTZ), a blockchain network, is tied to a digital token where its token holders are rewarded for participating in its PoS protocols. .

Launched in 2018, Tezos held its ICO (initial coin offering) in 2017 and raised a staggering $232 million, in what remains one of the largest pre-sales in cryptocurrency history.

Consisting of 65,627 Bitcoin (BTC) and 361,122 Ethereum (ETH), Tezos (XTZ) was quickly hampered by legal issues after some investors failed to receive their tokens.

Valuing their community, XTZ holders can vote on proposed changes to the project.

Its digital token, called tez or tezzie, is currently trading at $3.03, up 3.0% in the last 24 hours.

Classified as the 46and largest cryptocurrency in the world, according to data from CoinMarketCap, Tezos is also designed to use smart contracts, like Ethereum.

Logarithmic finance

3. Filecoin (FIL)

Launched in 2014, Filecoin (FIL) is an open-source digital payment system that hosts its native FIL token.

Aiming to entice a network of IT operators to provide a file sharing and storage service, the founders of Filecoin believe it has the potential to become not only the cheapest but also the fastest way to store data. on the Internet.

Like Tezos, Filecoin had an extremely successful ICO in 2017, having raised $205.8 million in what remains one of the biggest ICOs of all time, as well as $52 million in the previous presale.

Filecoin (FIL) is currently trading at $17.07, with the coin rising 0.9% in the past 24 hours.

The crypto is ranked 41st largest cryptocurrency in the world, according to data from CoinMarketCap.

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