Earn Passive Income with Tokens that Are Funding Crypto Innovation: Logarithmic Finance (LOG) and Solana (SOL)

Place/Date: - May 30th, 2022 at 3:56 pm UTC · 4 min read
Source: Logarithmic Finance

Earn Passive Income with Tokens that Are Funding Crypto Innovation: Logarithmic Finance (LOG) and Solana (SOL)

If you choose the right crypto investments, you can earn a passive income in addition to the high prospective returns for holding long term. Some projects reinvest some of these funds into the ecosystem, such as the development community and third-party projects, in addition to redistributing collected transaction fees to token holders.

By investing in cryptos like Logarithmic Finance (LOG) you can enjoy strong prospects for token appreciation and staking rewards whilst seeing your contributions reflected in the growth of the ecosystem through programs such as grants. It will be interesting to note how it compares to established cryptocurrencies such as Solana (SOL) and Binance Coin (BNB).

Logarithmic Finance (LOG): Peer-to-Peer Investment in Early Stage Projects

Logarithmic Finance (LOG) presents a unique method of fundraising for early-stage projects in the DeFi space compared to traditional methods such as ICOs (Initial Coin Offerings), connecting project creators with investors through a decentralised protocol built on the Ethereum network.

Using Logarithmic Finance (LOG), early-stage project teams can seek funding from a decentralised network of investors by creating a pool for their projects. This pool is registered on the project creator’s chosen blockchain with details and parameters such as token name, ticker, total auctioned token supply, and more. Logarithmic Finance (LOG) will initially support projects built on Ethereum, Binance Smart Chain / BNB Chain, Polygon, Avalanche, Tezos, and Solana.

By purchasing and holding Logarithmic Finance (LOG) tokens, investors can enjoy discounted rates on token sales on the network, governance rights (voting on network proposals), staking rewards to earn a passive income, and access to exclusive liquidity pools.

Logarithmic Finance (LOG) is currently in presale and its interoperable solution for peer-to-peer fundraising shows great potential for community growth and price appreciation, in addition to passive income staking rewards.

Binance Coin (BNB) Gives Back with Binance X

Binance Coin (BNB) is the native token of BNB Chain (formerly Binance Smart Chain) and plays a role in many parts of the Binance ecosystem. Binance is the largest cryptocurrency exchange in the world, and Binance Coin (BNB) is almost always within the top five of the CoinMarketCap list of top cryptocurrencies ranked by market capitalization.

You can stake Binance Coin (BNB) to earn a passive income through liquidity farming (investing in lending pools) and it can also be used for minting, trading, and selling NFTs on BNB Chain and Binance NFT. Using Binance Coin (BNB) also gives the user discounted trading fees on the Binance exchange.

Binance invests in blockchain innovations through Binance X which includes many initiatives that fund promising crypto projects, including the BSC Accelerator Fund.

Solana (SOL) Offers Grants to Community Developers

Solana (SOL) is the native utility and governance token of the Solana blockchain and is consistently in the top ten of the CoinMarketCap list of top cryptocurrencies in terms of market capitalisation.

Like Ethereum (ETH), Solana (SOL) is a blockchain that allows creators to develop and deploy smart contracts to produce blockchains, tokens, and dApps. Solana (SOL) offers greater scalability, reduced transaction fees, and an increased network speed compared to Ethereum.

The network operates on a Proof-of-Stake consensus mechanism, meaning that users can stake their Solana (SOL) tokens to get voting rights on governance proposals as well as for earning passive rewards for contributing to the network.

These rewards are taken from a portion of the gas fees paid by users when executing transactions in the Solana ecosystem. Another portion is reinvested into the network, including going towards grants for early-stage innovators.

Innovation and Community as a Long Term Investment

The price of a token should not be sustained by speculation alone, and all of the tokens mentioned above offer strong utility cases as well as a commitment to supporting innovators within their communities. As the communities and ecosystems of these projects continue to grow, so will the long-term appreciation of value. The value of rewards will be distributed to token holders, given they invest wisely.

Learn more about Logarithmic Finance here: Website, PreSaleTelegramTwitterInstagram.