An Overview of Zompot (ZPOT), Avax (AVAX), and Kadena (KDA): Three Crypto Tokens You Should Have In Your Cryptocurrency List and Wallet
Zompot (ZPOT), Avax (AVAX), and Kadena (KDA)
The Avalanche (AVAX) blockchain was launched in 2020 as a rival to the Ethereum blockchain. Like the Ethereum blockchain, it is smart contract enabled. It allows the creation and running of decentralized applications on its network.
However, the Avalanche blockchain utilizes a unique proof of stake mechanism to verify its transactions. This gives it an edge over other crypto projects that use proof-of-work verification mechanisms.
Kadena (KDA) has been in the coin market since 2016. Its blockchain, like Bitcoin, is operated using the proof-of-work verification process. However, it integrates its blockchain with the Directed Acyclic Graph (DAG).
DAG is a new blockchain-like innovation launched in 2015. It allows proof-of-work blockchains to scale up their performance and increase their throughput. This integration enables the Kadena blockchain to scale to accommodate many transactions per second.
Zompot (ZPOT) is a new crypto project hosted on the Binance Smart Chain network. The Zompot platform is keen on providing a safe and secure environment for crypto transactions.
Utilizing the Binance Smart Chain network, users will enjoy fast transactions with no network congestion. The Zompot (ZPOT) platform will offer low transaction fees and Ethereum Virtua Machine compatibility.
The Avalanche blockchain issues its native token. This utility token trades under the “AVAX” symbol. The AVAX token powers all transactions within the Avalanche platform. It facilitates transactions by being the primary token for covering transaction fees.
The AVAX token also serves as a reward token within the ecosystem. Additionally, purchasing and holding AVAX tokens enables participation in the platform’s governance processes.
The Kadena blockchain is tokenized as “KDA” tokens. It is used to pay miners who verify transactions and secure the blockchain.
KDA tokens serve as miner rewards, just like Bitcoin and Ethereum. There are 1 billion KDA tokens, which will be mined over the next 120 years.
The Avalanche (AVAX) and Kadena (KDA) tokens can be purchased from popular centralized crypto exchanges like Binance. The (ZPOT) token, however, will soon be listed on the Binance exchange platform. The Zompot (ZPOT) token has the ticker symbol “ZPOT”. Although still in presale, what benefits will the token hold for its users?
The benefits of the Zompot token
Like $AVAX and $KDA, the Zompot (ZPOT) token will be available across major crypto exchanges. It can be traded and transferred to BSC-compatible wallets for storage or use in the DeFi space.
However, some specific utilities available only to Zompot (ZPOT) token holders include;
- Swift transactions: Transactions involving the Zompot (ZPOT) tokens will be completed within 6 milliseconds. This transaction verification speed is unmatched.
- Easy accessibility: ZPOT holders can enjoy banking services using the Zompot (ZPOT) token. Due to its fast transaction speed and low transaction fees, it will be used for day-to-day transactions.
- Hedged against inflation: The Zompot (ZPOT) token will be relatively stable against inflation. The Zompot (ZPOT) token has been engineered to protect and minimize the risk to its holders. It will utilize various mechanisms to cap its supply and become a hedge for inflation.
- 24/7 market availability: Unlike stocks, the token will be tradable any time, any day.
Each crypto project highlighted in this article is blockchain-based, offering decentralized transactions. However, the Zompot (ZPOT) platform will give its users anonymity.
It will help secure their identity by hiding their details from the public blockchain record. These details will only be made available to relevant individuals who are the users for them to be shared.
The Zompot token stage 1 presale will begin on July 18, 2022. Purchasing the token with the BNB token during the Stage 1 phase within the first 15 minutes after signing up has additional benefits.
You will receive a 14% bonus for using BNB, an 8% stage 1 bonus, and a 40% bonus for buying the token within the first 14 minutes. The link to the presale will be attached to this article.
The(ZPOT) will transform the coin market by making it safer for its users. Its numerous features are only available to its token holders. Prepare to participate in the token presale to join the Zompot project.