Occasionally in the Blockchain industry, users notice some projects that stand out in terms of utility demand, profit potential, and ease of use. These projects are usually taken up and praised for their dedication to providing great solutions to real-world problems.
How does Supontis (PON) help?
The subuntis Project (PON) is an answer to the main Blockchain problem of interoperability, where projects from different chains cannot interact without hassle. Supontis solves this problem by facilitating cross-chain asset bridging primarily between the Ethereum (ETH), Binance Smart Chain (BSC), Tron (TRX) and Fantom (FTM) ecosystems.
The Supontis Ecosystem (PON) is governed by the DAO, and is responsible for operational decisions and future proposals to be made under the Protocol. When the user wants to move assets from one chain to another, Supontis locks the assets in the first chain while creating an equivalent replacement in the other chain. When the key is reversed, the assets locked in the first chain are released, while the alternatives in the other chain are burned.
Supontis (PON) also has a staking system to create more income for its users and to ensure the security of the protocol by proving the staking compatibility mechanism. Users can share PON tokens to earn rewards, contribute to project decision making, or secure the network.
Supontis (PON) will be available on Pancakeswap and Uniswap at launch.
Decentraland (MANA): Escape from reality
Blockchain has created many avenues to generate income, and even games have not been left out. Many Blockchain-based games provide fun, entertainment, income generation and decentralization. decentralization (MANA) is one such game. It is the metaverse on the Ethereum network that enables users to own, build, develop, trade and invest in digital real estate. Users can also interact and communicate within the game environment via customizable avatars.
Decentraland (MANA) is based on NFT technology, DeFi technology, and Blockchain gaming. It offers real virtual land ownership through Ethereum smart contracts, making the protocol extremely secure. The MANA token is the game’s original ERC 20 token, and is used to purchase LAND tokens, digital collectibles, and other NFT assets.
MANA is currently one of the leading Metaverse projects, with plans to branch out into the Polygon Blockchain for expansion.
Chainlink (LINK) Solution to Blockchain Credibility
It is often wondered how Blockchain obtains reliable, accurate and timely data in real time. Before, this was a big problem as there weren’t a lot of reliable sources on the chain. with advent chain link (LINK), usable, accurate, timely and reliable data can be taken off-chain to on-chain sources to drive Blockchain operations.
The network uses data providers called oracles to get the information from the chain. These oracles are incentivized for this and must staking their assets to ensure their reliability. The more reliable the data an Oracle provides, the more credible it is, and the higher the earning potential. Chainlink (LINK) contains evidence of the quota consensus model that secures the network, and uses smart contracts to drive operations within the protocol.
Launched in June 2017 by smartcontract.com, the protocol is an Ethereum-based protocol. The original LINK token had many use cases within the protocol including network security, reward distribution, trading, payment of transaction fees, and incentivization of contract operators.
Chainlink (LINK) mainly works to provide accurate and reliable data for the use of smart contracts.
The above projects have accomplished a lot in terms of providing solutions to existing problems. For this reason, they have enjoyed widespread adoption, and they still have the potential to profit in the long run. New users should always keep in mind that in the crypto community, the utility always beats the hype.
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