With the continuously growing amount of projects in the crypto world, knowing what coins to invest in is always overwhelming. From not knowing which old coins have proven their worth and which new coins to buy into. There’s a tremendous amount of research that has to be done to ensure that one is making smart choices. To ease that burden, this article will discuss two great tokens, Calyx Token (CLX) and Polkadot (DOT) that are doing well for themselves and should be watched closely this month. Of course, this article is not a final verdict and every person should do their research, and come to their conclusions.
Calyx Token in its First Phase Of Presale
Calyx Token (CLX) is a community-driven, permissionless liquidity protocol designed with a core focus, on allowing multi-chain crypto trading. The platform is looking to allow the sourcing of liquidity from various liquidity sources like DEXs running on different blockchains to allow trading and token swaps at the best rates. CalyxSwap is a feature that will make it easier for users to move between tokens, in a single transaction, and at the best rates. This feature will make much simpler and faster the time-consuming and expensive process of having to exchange or buy specific tokens to have access to a network or DApps. The platform will be managed and governed through CalyxDAO (Decentralized Autonomous Organization) by members of the Calyx Token community, who hold the CLX token. According to the project’s white paper, as time goes by, the entire control of the network and its development will be in hands of the community members.
CLX is an ERC20 token and is the native and governance token of the Calyx network. The token will be used for in-app swaps, and it will also open up benefits for its holders some of which will include; StakingRewards, LiquidityIncentive, and CLXTreasury among others.
Calyx Token (CLX) is currently in the first phase of its presale with a starting price of $0.0005 but this should hopefully go up, in each phase so getting the token early is the smartest. The maximum token supply will be 1 trillion and unsold tokens will be burned and completely removed from circulation. This will help in its supply reduction and will increase its price and popularity which is good for its users.
Polkadot (DOT) is a next-gen blockchain network, that unites an entire network of purpose-built blockchains and allows them to operate together seamlessly. It is a secure, interoperable, and scalable network built for Web 3.0. The network protocol allows the transfer of not just tokens but also arbitrary data across blockchains. It is a multi-chain ecosystem that supports cross-chain registries and computation.
Polkadot (DOT) can transfer data across public, open permissionless blockchains, and also private blockchains. This makes the development of apps on a private blockchain and using them on a public blockchain possible. For example, according to their website, a school’s private academic records chain will be able to send data to a degree-verification, smart contract on a public chain. The native token of the Polkadot network which is DOT is useful for staking, bonding, and governance over the network. On CoinMarketCap, Polkadot (DOT) is currently ranked 14th, with a market cap of over $14 billion. This makes it a top 20 crypto globally which is very impressive.
The above tokens have amazing features and goals which means a high potential for future success. Put them on your watchlist so you don’t miss out on them.
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