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- Insights
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- Insights
- Cryptocurrencies
- Stocks
- White Papers
- Industry
- Geography
Altcoins are growing rapidly in size, market cap, and popularity, to the extent that this Year of the Altcoin could even witness the depreciation of Bitcoin (BTC) if it fails to pick up. As more altcoins are released into the world of crypto, they boast more advanced and elaborate features than those made in the years before them.
Two newcomers, who have just entered the first stages of their presales, have been attracting traction in the crypto community due to exciting attributes detailed on their White Papers. Pac-Man Frog (PAC), a blockchain protocol for gaming and educational applications, has raised questions as to whether it will be more efficient than the supreme Polygon (MATIC), while Calyx Token (CLX), a decentralised liquidity protocol, could challenge Uniswap's (UNI) leading market position.
Let's dive into what they have to offer.
Pac-Man Frog (PAC) aims to provide a platform for the development of dApps and games, as well as provide extensive support for them. The ecosystem will benefit from Solana's (SOL) lightning-fast transaction capabilities.
Polygon (MATIC), on the other hand, runs on Ethereum (ETH) and works as a scaling platform for developers to create scalable, user-friendly dApps. A quick comparison of Solana (SOL) and Ethereum (ETH) reveals that SOL is much faster and cheaper than ETH, with fees averaging $0.00025 per transaction and 65,000 transactions per second. Therefore, we can expect Pac-Man Frog (PAC) to be just as cost-effective and efficient.
PAC also aims to benefit everyone involved in crypto by educating newbies about the benefits of blockchain. They will also assist them in learning about the various ways in which the DeFi space can be used to improve their lives and communities.
The Pac-Man Frog (PAC) presale has only been open for a week, but the price of PAC has already risen by 20%. There are still 5 weeks left in the first phase of the presale, so there is still time to invest and avoid missing out on some potentially massive returns.
Calyx Token (CLX) has created an engaging ecosystem centred around its community, with a variety of solutions aimed at rewarding users with more CLX. As noted before, Calyx Token (CLX) will be a decentralised liquidity protocol, similar to the well-known Uniswap (UNI).
Uniswap (UNI) allows you to easily exchange crypto tokens without having to create an account. Through Uniswap's (UNI) liquidity pools, you can also earn interest on your crypto holdings. High fees, however, plague this exchange.
Uniswap (UNI) runs on Ethereum (ETH). Because of Ethereum's (ETH) popularity, its blockchain has become congested, resulting in higher gas fees. Uniswap (UNI) actually has low fees, but traders must also pay Ethereum's (ETH) gas fees. These can be costly, particularly for smaller transactions.
They usually range between $30 and $50. That's regardless of the amount, so if you're trading $1,000 in crypto, gas fees could cost you 3% or more. Because gas fees can cost 30% or more, trades worth $100 or less simply aren't worth it.
CalyxSwap, by contrast, will eliminate the need for this process by making it simple for users to switch between tokens in a single transaction at the best prices available across all decentralised exchange platforms. Additionally, CalyxSwap will be multichain, meaning it will exist on multiple blockchains at the same time, which is immensely beneficial for users.
1 CLX is currently available for $0.10, a price that is expected to rise as the presale stage progresses and Calyx (CLX) approaches its launch.
Disclaimer: The information posted in the article is for educational purposes only. By using this, you agree that the information does not constitute any investment or financial advice. Do conduct your own research and reach out to financial advisors before making any investment decisions.
