Bridges play an important role in everyday life because they make it easier to link people and places by allowing us to travel from one part of the world to another. Let's say you have Pounds (GBP) and want to buy things or pay for services in the US, where the currency is USD (Dollars). You can't possibly pay for anything with your Pounds. Instead, you have to change it to USD, which usually costs a small fee. Blockchain bridges make this movement possible, but instead of using regular money, they use a digital currency called cryptocurrency.
Blockchain bridges or cross-chain bridges facilitate the transfer of native tokens and information seamlessly between blockchains. They allow decentralized applications (dApps) access to the strengths of different blockchains, which boost their capabilities and provide users with access to new platforms and services, allowing them to leverage various chains and their benefits.
In this article, we are going to highlight top DeFi tokens making the round in the Crypto world and will help you beat the bear market- Ethereum (ETH), Binance Coin (BNB), and Supontis ($PON).
Before the concept of blockchain bridges, blockchain networks like ETH, BNB, and TRX existed. A leader amongst them is the Ethereum (ETH) blockchain network, which houses most of the dApps.
Ethereum has proven to be the most popular blockchain for executing smart contracts, developing decentralized applications, and implementing DeFi. Most crypto tokens are built on the (ERC-20) Ethereum blockchain. Ethereum's capacity to facilitate the development of additional networks led to the initial launches of other significant projects, including Tron.
Ethereum's blockchain is among the largest since it provides multiple functions that Bitcoin cannot. Because of this, it has been growing at a steady rate to achieve the current number of users. The number of active Ethereum addresses has surpassed the previous record of over 676,000.
While the Ethereum blockchain is regarded as the foremost blockchain technology, BNB is a solid challenger and trumps ETH in several ways. Due to its high speed of transaction and low cost of transactions, BNB is generally preferred to ETH.
BNB and ETH have extremely similar use cases. You can use BNB to pay Binance exchange transaction fees. Because the network now supports dApps and smart contracts, BNB is utilized as both the native token that runs the network and the token for engaging with smart contracts and dApps. The popularity of PancakeSwap, which executed many transactions with cheap fees, instilled confidence in the Binance Smart Chain.
Binance Smart Chain (BSC) recently surpassed Ethereum in daily active users. According to the on-chain data analytics business Crypto Rank, this makes it the most used blockchain by this metric. In terms of daily transactions, BSC has surpassed Ethereum. This turn of events can be attributed to Ethereum's fees, which have led users to seek cheaper blockchains for transactions in BNB.
Supontis ($PON) is building ease of service that lets you transfer digital assets across multiple blockchain networks. Supontis will facilitate the cross-chain transfer of assets between the blockchain networks of Ethereum, Binance, Tron, and Fantom. The platform will include a Decentralized Autonomous Organization (DAO) in its governance and will provide users with a high level of decentralization previously unattainable. The platform will also include a staking component powered by $PON, a BEP20 token built on the BNB Smart Chain.
Supontis allows its users to make extra cash by staking the native token, $PON. The native utility token of the ecosystem, $PON, is a BEP20 token built on BNB Smart Chain, which can be used to pay transaction fees. The team chose the BNB Smart Chain due to its high transaction speed, high level of integrity, and low cost of transactions. The $PON token will also be available on PancakeSwap and UniSwap upon launch. Users can pay transaction fees to transfer assets between blockchains with the bridge system with this coin. Holding this token also exposes users to governance rights.
There is a total supply of about 10,000,000,000 $PON tokens, .and about 2,500,000,000 are available for presale. Presale closes on November 18. Hurry to enjoy a 6% discount on your first purchase and a 4% and 2% discount on your second and third purchases, respectively.
Presale: www.register.supontis.com/register
Website: www.supontis.com
Telegram: www.t.me/SupontisTokenOfficial
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.