Place/Date: - May 24th, 2022 at 10:00 am UTC · 4 min read
Source: Calyx Token
Cryptocurrency is a volatile market with price movements often unpredictable. Recently, we have seen the two of the most popular cryptocurrencies, Bitcoin (BTC) and Ethereum (ETH), drop more than 20%.
However, this being the digital age, tokens like THORChain (RUNE), PancakeSwap (CAKE), and Calyx Token (CLX) are being created to make investing in new projects more accessible, safer, and more profitable.
These three projects aim to change the way cryptocurrencies are created, used, and stored – by:
Founded in 2018, THORChain (RUNE) is a liquidity network built on Cosmos SDK and Tendermint. It enables the users to swap their tokens between different blockchains.
RUNE is the native token of THORChain (RUNE) that is mainly used as the settlement asset in all liquidity pools. This means that when other assets are paired with RUNE, the ratio will always remain 1:1.
All the THORChain internal and external transaction fees are only paid in the RUNE token, which prevents attacks like the sandwich attack on the liquidity pool.
THORChain (RUNE) does not wrap assets before swapping them, unlike other cross-chain protocols. Instead, using the native assets, it can conduct an autonomous and transparent asset swap.
THORChain (RUNE) reported an ROI of over 9000%, and it continues to gain traction because of its unique services.
PancakeSwap (CAKE) is the most prominent Dapp on the Binance Smart Chain. PancakeSwap is a Binance smart-powered DEX and AMM that allow anyone to swap BEP-20 tokens easily, safely, and effectively.
Consequently, it serves a vital role in the crypto market. The platform can carry out cheaper and faster transactions with an ultra-high performance capable of producing a block every 3 seconds.
Through its innovative and committed approach to security, PancakeSwap (CAKE) has secured itself as a dependable alternative to the current DeFi and DEX leaders.
Another significant benefit of PancakeSwap is that it enables users to access new tokens easily.
The platform allows users to transfer BTC, USDT, ETH, and BUSD from the ETH chain to the BSC chain using the deposit feature. This means that you have access to all the top projects in the market, and you can find a good selection of the BEP-20 exclusive tokens.
Unreasonable gas fees and long processing times are common across cryptocurrency exchange platforms. However, the new liquidity protocol to hit the market, Calyx Token (CLX), uses cutting-edge technology to solve a lot of these issues.
Calyx Token (CLX) is a community-driven project and a permissionless liquidity protocol developed to allow multi-chain crypto trading and sourcing of liquidity sources like DEXs running on different blockchain networks to enable trading and token swap at the best price.
Calyx Token (CLX), which is just in its presale stage, has stirred up a lot of excitement in the crypto community and induced speculations that it could replicate the success of trendsetters like STEPN (GMT).
The buzz surrounding this currency is because of its advanced technical capabilities. The Calyx (CLX) is designed on 3 pillars, security, transparency, and decentralisation, to foster instant trade activities. It will also allow an instant swap in a single transaction without any waiting timelock.
Upon its launch, the Calyx Token (CLX) will boost global commerce and markets by allowing more economic inter-token transactions. In addition, it will offer users a dynamic range of token options at a low-settlement risk, a vital factor in real-world commerce.
To help its users gain access to more new assets and projects, PancakeSwap (CAKE), THORChain (RUNE), and Calyx Token (CLX) have created a decentralised liquidity pool for token swaps on their platforms.
Calyx token (CLX) smart contract will be a robust infrastructure for token exchange and trading. Additionally, the investors will be able to stake CLX tokens to participate in voting on agendas in the CalyxDAO.