3 cryptos to add to your watchlist: Shiba Inu (SHIB), PancakeSwap (CAKE), and Logarithmic Finance (LOG)
Shiba Inu (SHIB), PancakeSwap (CAKE), and Logarithmic Finance (LOG) could soon head into a big rally, yielding good returns for investors. Logarithmic Finance (LOG) is a new token that is currently being sold through a presale and both retail and institutional investors are buying huge volumes. Both PancakeSwap (CAKE) and Shiba Inu (SHIB) can be considered for the long term. Let us discuss the investment potential of these three tokens and how you can buy logarithmic Finance.
Welly grants 15% ownership to the Shiba community
The Welly fast-food chain has announced plans to provide 15% of ownership to the decentralized Shiba community. Welly announced plans to provide 15% of ownership to Doggy DAO which will also get a say in the decision-making process. The 15% profit will be aggregated in a SHIB Welly wallet, and the Shiba DAO will decide how to utilize it. Welly has also announced plans to burn 2% of SHIB from the company’s net profits.
PancakeSwap will redesign CAKE tokenomics in May 2022
PancakeSwap (CAKE) is a decentralized cryptocurrency trading platform that allows users to swap tokens at the click of a button. It is non-custodial meaning the funds remain in your custody and after swapping, the new tokens are also deposited in the same wallet. Decentralized platforms allow users a greater degree of control over their funds.
Pancake Swap (CAKE) is built on the Binance Smart Chain and allows the trading of any coin on the BNB chain. It also allows users access to decentralized finance and liquidity mining. The platform is powered by the CAKE token, which can be farmed and staked to earn an additional income. As per the latest announcement by Pancake Swap, the CAKE tokenomics will be redesigned in May to reduce supply which might have a positive effect on its price.
Logarithmic Finance allows flexible fundraising through multiple pools
The logarithm finance ecosystem allows investors a lot of flexibility while raising funds across multiple blockchain networks and project developers can deploy pools of their own choice. Investors also have the right to either use a locked pool or a flexible pool where the funds can be withdrawn at any time. Both project developers and investors can save on gas fees as the funds can be transferred through multiple blockchains.
The Logarithmic Finance protocol has been built to provide a low-cost solution, for budding developers who do not have access to premium listing channels. Holders of LOG will also benefit as they will automatically become members of the LOG DAO community. New projects are to be listed on the Logarithmic online platform and will require a majority decision which will be exercised through voting. The voting power will be determined by the number of tokens held by the user.
The LOG Token can be bought on a presale currently available here. Given its utility and freedom to raise funds across blockchain networks, it could become popular among both investors and project owners. As a LOG holder, you also get access to interesting new projects launched on the Logarithmic Finance platform.
Like PancakeSwap (CAKE), Logarithmic Finance (LOG) is also completely decentralized and non-custodial meaning the funds remain with you at all times. It is a great platform to utilize the power of decentralized finance for fundraising.
Some of the interesting features of Logarithmic Finance include a cross-chain swap mechanism, integration of stable coins swap, and integration with multiple wallets. It will also provide support for synthetic tokens in the future.
Always remember to diversify your capital investment fund and do not concentrate on accumulating huge quantities of a single cryptocurrency. Diversification of assets can help in reducing risk. Logarithmic Finance (LOG) is a new token with great investment potential, and along with PancakeSwap and Shiba Inu, it could help in providing great returns for your crypto portfolio. A successful cryptocurrency investor will often ignore the short-term price volatility in return for long-term gains.
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