Decoding the buzz behind the success of Lynqyo, Bitcoin and Waves

Too risky until a few years ago, and now people can’t stop themselves from betting big on these digital assets. The growing popularity of cryptocurrency has impressed people all over the world.

While many considered cryptocurrency’s spectacular value gains to be a fluke until a few days ago, they are now continuously posting promising returns that rival the utility offered by traditional financial instruments.

From inflation-proof to data privacy and no third-party interference, many benefits give these blockchain-based assets an edge.

Today, users also have the choice to choose from different types of cryptocurrencies such as meme coins and non-fungible tokens. They have different use cases and are ideal for users who like a dynamic pace to build their investment portfolio. If you are new to the world of cryptocurrency, the internet is full of resources that explain cryptocurrency at an entry level.

Those concerned about choosing a reliable bet can start their trading journey by researching some of the leading names such as Lynqyo (LNQ), Bitcoin (BTC) and Waves (WAVES).

Here’s a sneak peek at some of their key features and updates.

Linq: Driving Impact In The Creator Economy With Blockchain Solutions

Lynqyo is a decentralized platform that enables artists to tokenize, monetize and license intangible content and explore new revenue streams. It has a native token called LNQ that can be used for a variety of transaction purposes on the platform, including staking, payment of fees, and liquidity pool, among others. The token will be available in pre-sale for interested buyers.

The platform offers buyers a number of attractive rewards when they purchase the LNQ token. However, these tokens depend on a wide range of factors that include the cryptocurrency used in the transaction, the time and the presale stage when the tokens were purchased.

For example, if you use Binance’s BSC or BNB Token and you buy LNQ Tokens, you will get an extra 8% on Lynqyo tokens as a bonus. Now, if the same transaction is done within 10 minutes of registration, the buyer gets an extra 25% of tokens.

Lynqyo’s governance structure is based on the decentralized autonomous organization (DAO) pattern where LNQ token holders are given the right to vote for proposals presented by other community members. These proposals usually deal with operational issues such as partnerships, liquidity pool acquisitions and new product launches.

As part of its efforts to keep the value of the token stable, Lynqyo also issues liquidity pool (LP) tokens, which are typically used to compensate users for their contribution to maintain liquidity flow.

Abundant liquidity ensures smooth operations and seamless transactions. LP tokens also serve to track individual contributions. Finally, they help limit price fluctuations and keep the value of the token stable.

Bitcoin: One of the oldest but most successful cryptocurrencies

Bitcoin is an open source cryptocurrency that can be used to make cross-border payments and peer-to-peer transactions. Another benefit of cryptocurrency is that users don’t have to cough up an exorbitant transaction fee.

It launched a built-in token BTC that can be used for yield farming, exchanging tokens, acquiring liquidity pool and many other transactional purposes. It is also one of the oldest cryptocurrencies in the world that was launched in the 2000s.

Despite the influx of several cryptocurrencies over the years, Bitcoin has maintained its hold over the market with its nuanced features and rising prices. Bitcoin recently passed $24,000 and may well be headed for a long-term rally.

Get Wavey with Wave

Wave is a decentralized platform that enables users to access open source technology to build high-performance and agile dApps. Its native token can be used for staking, earning rewards and settling transactions, among other things. Not only is it compatible with multiple blockchains, but it also has a low carbon footprint.

The number of daily transactions that it processes on its platform is over 41,000. Additionally, it has over USD 1.5 billion of DeFi assets locked on the platform. Waves recently saw a short-term rally after whales decided to push prices.

Each of these cryptocurrencies has had a buzz around it lately. It is because of their vibrant ecosystems that provide the user with a myriad of tools and services to take advantage of.

Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent Bitcoinists. Bitcoinist does not guarantee the accuracy or timeliness of the information available in such content. Do your research and invest at your own risk.