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In today's blog, I wanted to cover some crypto that I'm excited about. All of these cryptos I have bought and stored away. I'm even staking some of my newly bought coins to start making more money. I do want to state before we get into the article that none of this is financial advice and is just telling of what I bought and why. So with that being said and done, let's jump into today's article.
Spookswap is a Defi exchange on the fantom opera network. The exchange has multiple bridges for multiple chains so you can swap between the major blockchains. One of the big reasons I'm buying this coin is because of what the exchange offers. That is its liquidity pools Which offer great rates but it's staking which allows you to earn two coins at once while staking boo coin on the exchange. The rates for staking are great and vary from time but no matter what you are guaranteed great percentages. It also has an easy-to-use platform and UI and is great for those inexperienced with Defi apps or beginners. This is why I have bought this coin and have started to staking it. As of writing, this article (4/18/22) Spooky swap is currently at $10.22 with a 24 hours gain of 4.44%.
Fantom was created to make Defi easily accessible to everyone, not just those that can afford the high fees associated with Defi, especially on the Ethereum blockchain. The coin was also created with the intent of giving incentives via FTM to its ecosystem developers to incentivize development and to keep them in the ecosystem. They keep them in the ecosystem by rewarding them with tiers so the more they develop in the ecosystem the more incentives they get. This leads to a lot of positive price action for the Fantom. It's also one of the reasons why there is so much development happening on the blockchain. It's also why this coin is becoming one of the most popular crypto blockchains. As of now, Fantom has a price of $1.15 with a 24-hour gain of 2.08%.
Elrond is a blockchain protocol that seeks to offer extremely fast transaction speeds by using sharding. The project describes itself as a technology ecosystem for the new internet, which includes fintech, decentralized finance, and the Internet of Things. Its smart contracts execution platform is reportedly capable of 15,000 transactions per second, six-second latency, and a $0.001 transaction cost. According to its economics paper, it seeks to build up its ecosystem and establish EGLD as a store-of-value asset. Elrond's adaptive state sharding architecture completely shards state, transactions, and network. It can scale by adding another shard when the throughput demand is unmet. To increase adoption, the project also supports developers building on the platform by allowing them to earn 30% of the smart contract fees as royalties. This is why I believe in this project and believe it's a great project to buy. As of right now, the price of Elrond is at $154.75 with a 24-hour gain of 0.74%.
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