The crypto market is very volatile and prices are almost always unpredictable. Over the past month, we have seen the industry plunged into a slump from which it has yet to emerge. However, with all this there are crypto projects like Avalanche (AVAX), Chain link (LINK), and Calyx Token (CLX) which enhance the industry with their innovative features and decentralized nature make investments and financial services more accessible and secure. They belong to the Challenge sector and with the sector’s total value locked (TVL) exceeding $239 billion as of April 2022, they are worth noting.
Created by AVA Labs, Avalanche (AVAX) is a smart contract blockchain network that enables decentralized applications (DApps) on its platform. The platform uses three different blockchains to combat the current shortcomings of blockchain technology, namely scalability, decentralization, and security. The C-Chain (Contract Chain) is where smart contracts are created and executed. The X-Chain (Exchange Chain) is used to create and exchange assets and the native coin, AVAX, is one of them. The P-Chain (Platform Chain) organizes the validators and allows the creation of subnets. All of these chains enable different functions within the ecosystem.
Avalanche (AVAX) offers greater interoperability by creating smart contracts with Solidity and integrating a number of decentralized finance (Challenge) ecosystems like Aave (AAVE) and Curve (CRV). To add to that, the platform has a higher throughput than Ethereum (ETH) with over 6,500 transactions per second (TPS). The network’s goal is to develop a scalable, low-cost blockchain with high transaction speeds that manages to be secure, decentralized, and environmentally friendly.
Chain link (LINK)
Chainlink (LINK) is a blockchain network that enhances the capabilities of smart contracts by allowing them to access real data and off-chain information while maintaining the reliability and security expected of blockchain technology. It is ranked 26th on CoinMarketCap with a market cap of over $3 billion and a total value locked (TVL) of over $64 billion.
Chain link (LINK) is one of cryptos that escaped the 2018 bear season and rose in price, which is likely due to its usefulness for emerging countries Challenge sector. The platform is popular for its use by protocols such as Maker and Compound and its partnership with Google Cloud.
Chalice Token (CLX)
Chalice Token (CLX) is a community-driven, permissionless liquidity platform designed to enable multi-chain crypto sourcing and trading liquidity from various sources of liquidity such as decentralized exchanges (DEXs). It will also allow token trading and exchange at the best rates. The platform aims to become a community model by integrating the CalyxDAO and giving its community members fair representation on proposals essential to the growth of the ecosystem while maintaining and securing the token.
Chalice Token (CLX) is permissionless and anyone can become a liquidity provider or create a pool by contributing an equivalent amount of underlying tokens in exchange for LP tokens. Also, with CalyxSwap, tokens can be swapped immediately and users will have the tokens swapped immediately after swapping.
The project is currently in the second stage of its pre-sale phase and is selling for $0.0006, which is already a 20% increase from its starting price. Chalice Token (CLX) shows promise and could be a great addition to an investor’s portfolio.
For more information on the Calyx Token (CLX)
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