The current bear market has made engaging in crypto-related activities like trading challenging. Bear markets are periods of extremely high volatility and falling prices, making them less alluring and riskier. Unfortunately, the cryptocurrency sector is navigating an out-of-control bear market. It’s the longest bear market in cryptocurrency history. It will undoubtedly be left with lingering impacts.
Considering the current bear market, these coins are discussed. Here is all you need to know about Supontis Token (PON), Polkadot (DOT).
Connecting the Dots
The native cryptocurrency of Polkadot is called DOT. It is an open-source, sharded multichain protocol that links and secures specialized blockchain networks. It also makes it possible to transfer any data or asset across chains, not just tokens, making blockchains interoperable. On Polkadot, DOT has a variety of functions, including network governance, parachain connectivity, and enabling staking for operations and security.
Polkadot (DOT) acts as an appropriate setting to support a decentralized web managed by its users and to simplify the establishment of new applications, institutions, and services. Polkadot (DOT) can also connect public and private chains, permissionless networks, oracles, and future technologies, allowing these disparate blockchains to share information and transactions.
New ways to Connect
A new cryptocurrency called Supontis (PON) aims to be the future foundation for the DeFi system. Users can conduct any transactions they want on the network after logging in, thanks to the multi-chain architecture of the platform. The PON native token powers the Supontis Ecosystem, and because of the integrated local exchange, users can conduct trades as they see fit without using pricey intermediaries.
Supontis Token (SUP) is intended to connect one chain to another. It has few alternatives for inter-chain transactions in its early phases. Supontis Token (SUP) utilizes a Proof of Stake model, in which you stake your funds to profit from trading between Ethereum, BNB, Tron, and Fantom.
The platform in the low-return protocol uses these funds to increase the amount. It functions precisely like how bank savings accounts do. A proportion of the money you wager is what you earn; the more significant the percentage, the greater the prize. Your funds are locked in the system when you stake them.
The ultimate goal of every cryptocurrency initiative is decentralization. Supontis Token (SUP) seeks to elevate this by integrating a DAO feature. It will enable each stakeholder to contribute to developing any problem or proposal’s solution. The choice would be based on how many people voted in favour of a proposal.
To join the platform:
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