Supontis Protocol and Its Edge Over The Elrond and Theta Network

Decentralized Finance (DeFi) innovation is a primary component of blockchain technology. Other facilities include Non-Fungible Tokens (NFTs) and Decentralized Exchanges (DEXs).

The Supontis ecosystem acts as a bridge, connecting assets in different blockchain destinations. The transfer of assets initiates the locking process on the initial blockchain. Afterward, there is an identical copy in value of these main blockchain assets in the destination blockchain. Assets are essentially not carried to another platform.

The transfer and bridging process is completed in two stages using solidity smart contracts. First, asset values in the main blockchain are tied to the value of assets in the destination blockchain. This tying of values ensures maintaining a constant asset value across blockchains.

Supontis aims to make a valuable contribution to the development of Web 3.0. The third generation of the evolution of web technologies is gradually getting advanced through contributions from Blockchains.

The dependence of the Supontis platform on the BNB Smart Chain is noteworthy. As a result of its facilitation of cross-chain connections, the Supontis network will rely greatly on the BNB Smart Chain.

Due to its versatile nature, the BNB Smart Chain will ensure the complete security of all cross-chain transactions initiated on the Supontis platform. This property results from the use of Solidity – a secure programming language.

Another intriguing factor for using BNB would be its compatibility with ETH Virtual Machine (EVM). Secure programming coupled with EVM-compatibility places BNB as a successful DeFi network. Thereby adding credibility to the Supontis cross-bridge functionalities.

Supontis Token

The BEP-20 token – PON is built on BNB Smart Chain. This token is used to cover transaction fees. Likewise, PON holders obtain and can practice governing rights on the Supontis platform.

They can vote on proposals for the development of the Decentralized platform. Any community member can bring on a recommendation, and token holders will decide its passing into action. This allowance makes PON the cryptocurrency to buy now.

Functionalities of PON

Staking PON: Token holders can stake their Supontis assets for rewards. The platform enables this process by utilizing a consensus mechanism involving Proof-of-Stake (POS). The integrity of Supontis is improved through staking, and holders benefit by gaining extra cash.

Listing PON on Pancakeswap and Uniswap: The Supontis token can be purchased during the presale event. After it launches into the coin market, it can be bought on Decentralized and Centralized Exchange platforms, including PancakeSwap and UniSwap.

Supontis pitched against Elrond and Theta Network

Elrond Token

The aim is to use the Elrond platform to build a new Internet economy. The platform is scalable, secure, efficient, and developer-friendly.

However, holders can stake EGLD and earn rewards. This is possible because the platform runs on the proof-of-Stake consensus mechanism (PoS). This ensures that the staking process is effective and rewarding for both platform and token holders.

Theta Network Token

The Theta Network is a virtual blockchain-powered network initially built for live streaming.

The THETA token is the native cryptocurrency of the platform. However, this token grants holders governance rights within the network. For example, THETA holders can vote on passing specific developmental ideas on the Theta Network.

The Supontis token betters those mentioned above, two washed-up tokens, in the following ways:

• The dependence on the BNB smart chain ensures the safety of valuable assets. Also, this facility influences the integrity of the Supontis ecosystem. This allowance further proves that PON is the best cryptocurrency to invest in 2022.
• Lightning speed transactions are essential characteristics of the BNB smart chain. This facilitates the handling of transactions at a fast rate without slowing down. Therefore, the BNB smart chain is seen to better the conventional type.
• Lesser gas fees for transactions are ensured on Supontis. Trades on this platform are also approved faster.

Conclusion

The PON token is the one to look out for on the cryptocurrency list. The token retains a high potential for reaching the summit of the best cryptocurrency in the market. Do not procrastinate. Purchase your token share now.

Supontis Token (SUP)

Presale: https://register.supontis.com

Website: http://supontis.com/

Telegram: https://t.me/SupontisTokenOfficial