Supontis, Chainlink and Monacoin to advance the Blockchain network in the crypto space

Cryptocurrency is changing the world economy, which may be the most important change in the coming years. It is the most suitable choice for a variety of business requirements such as online investment, exchange, tokenization, etc.

Most cryptocurrencies are built on various blockchains. Therefore, there is a need for communication between these technologies. Bridges have been created in the crypto space. They are known as blockchain bridges.

Blockchain bridges work similarly to bridges in real life. They connect different blockchains and enable easy communication between them. They can also subject users to lower transaction fees and allow developers from different blockchain networks to collaborate on projects. One of the newest blockchain bridges is Supontis.

What is Supontis?

Supontis, as a word, is derived from the English word Super and a Latin word, Pontis, meaning bridge. This means super bridge.

In the crypto market, supontis Token (PON), a new cryptocurrency, is slowly gaining popularity. Its native currency is PON and will be used for many functions, including staking and as a DAO governance mechanism.

The Supontis platform, based on the Binance Smart Chain, paves the way for seamless cryptocurrency exchange. The token allows asset transfer between the blockchain systems of Binance, Ethereum, Tron and Fathom.

How does it work?

Supontis acts as a bridge for transmission

assets between blockchains. When an asset transfer is initiated, the mechanism locks the assets in the initial chain and creates an equal amount of wrapped assets at the blockchain’s final location. During the transfer through the bridge, assets are not moved or sent anywhere. The mechanism instead uses a smart contract to execute the transfer request in a two-step process.

Suponti ecosystem

The Supontis ecosystem, powered by its native token $PON, will have a stake

component, and will work with a decentralized autonomous organization (DAO) interface for its management.

Staking with Supontis

With a proof-of-stake (POS) consensus mechanism, staking is possible, allowing users to support a network’s integrity while earning a little extra cash. The proof of stake mechanism in the component locks tokens in some blockchains and pledges those tokens to issue wrapped tokens in other blockchains.

Supontis decentralized the autonomous organization.

Supontis does not operate on centralized structures. It is a community-driven DAO, and the community makes governance decisions. Supontis uses a decentralized autonomous organization (DAO) which means that users have the power to make operational decisions and future proposals for the platform.

Supontis Token

The ecosystem’s native utility token, $PON, is a BEP20 token built on BNB SmartChain, which can be used to pay transaction fees. Holding this token gives users access to management rights in the ecosystem. Token holders can vote on proposals in Supontis DAO.

Chain link

Chainlink is an oracle network and a decentralized blockchain built on Ethereum. ChainLink pursues accelerating blockchain payments of beneficial smart contracts through a simple and impenetrable access right to essential off-chain blockchain.

LINK is the native token of the platform. Users can pay Chainlink node operators for the use of LINK tokens. The token is used to finance the platform’s increase and give users an incentive to create additional tokens. Staking in Chainlink involves nodes, or network members, depositing liquidity in the form of LINK tokens.

Monacoin

In 2013, Monacoin was created as a hard fork from Litecoin. It does not use the Scrypt algorithm like Litecoin. Instead, it implements SegWit in its blockchain. MonaCoin, or MONA, is a digital currency mainly used in Japan. It was configured as a payment network for peer-to-peer transactions.

MonaCoin is often used through third-party mobile applications to pay tips, such as in online games, and as a payment by some Japanese stores, including online stores and brick-and-mortar stores.

For more information about Supontis;

Join the pre-sale: https://register.supontis.com/register

Website: https://supontis.com/

Telegram: https://t.me/SupontisTokenOfficial

Twitter: https://twitter.com/Supontis_Token

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