What is a Token Presale and Should You Invest in Calyx Token (CLX) as Cardano (ADA) and Avalanche (AVAX) are Weakened by the Markets?
Presale Explained – Presales are a terrific opportunity to get into new and potentially, very successful coins. Joining a presale early as a cryptocurrency venture capitalist can have several benefits. Investors may acquire more coins as the price per token is competitive. Calyx Token (CLX) news…
Investors are also set to earn unique prizes and be able to trade, swap or hold the digital currency once it launches on the live trading markets. Until then, investors in presale are assured that the value of their investments cannot decrease in value, it can only increase.
There is plenty to gain in presale. As explained in this article – two tokens are currently on presale we recommend getting involved in Calyx Token (CLX) and Automish Token (ATI), and two big names that have been on the downfall lately – Cardano (ADA) and Avalanche (AVAX).
In Presale Right Now: Calyx Token (CLX) and Automish Token (ATI)
Liquidity is crucial to the good performance of dApps and decentralized finance (DeFi). Numerous DeFi companies have shown amazing results in the last few months alone, but the absence of enough funding has always been a significant barrier to scaling and growing at a rapid pace. As a consequence, these initiatives are forced to publish their tokens on centralized exchanges, where they are exposed to security issues, hacks, and internal fraud. Numerous famous exchanges, including Binance, have previously suffered security breaches. Additionally, relying on centralized exchanges to meet liquidity needs in the DeFi ecosystem is antithetical to the concept of decentralization.
- That’s where Calyx Token comes in.
- CalyxSwap ecosystem is made up of two main actors:
- Providers of Liquidity and Traders.
Traders in the ecosystem are going to be able to exchange DeFi or dApp project tokens for a tiny portion of the fee, which will be paid to liquidity providers as compensation for providing liquidity.
Liquidity Providers (LPs) are responsible for transferring ERC-20 token assets to shared liquidity pools on a regular basis.
Liquidity supply from several sources is enabled through the Calyx Token (CLX) community-driven project. Security, transparency and decentralization are the three pillars of the Calyx Token (CLX), which is now available to purchase in the first-ever presale launch.
Also in presale is Automish Token (ATI) – Why you should invest. Automish Token is a unique play-to-earn (P2E) crypto gaming environment that makes use of the rising popularity of non-fungible tokens (NFTs). Players will be able to boast in-game assets and valuables in the form of NFTs. Automish is here to completely transform the GameFi industry.
What is GameFi:
In the cryptocurrency industry, the term “GameFi” refers to a merger of the terms game and finance. It is used to refer to P2E (play to earn) blockchain games that allow users to earn money by participating in them. GameFi is an ecosystem that makes use of cryptocurrencies and NFTs, together with blockchain technology to enable players to participate in virtual gaming experiences.
Cardano (ADA) VS Avalanche (AVAX)?
Emin Gün Sirer, the creator and CEO of Avalanche’s Avalabs, is the latest to have addressed and criticized the founder of Cardano (ADA) Charles Hoskinson. Recently, the former voiced concerns about the sluggish rate of expansion in Cardano’s DeFi ecosystem, which is reflected in the token’s TVL.
The total value locked (TVL) of Cardano is present $298.27 million. Cardano’s TVL is valued at around $219.42 million if the staked governance tokens are not included in the calculation.
The term “total value locked” (TVL) refers to the total value of crypto assets that have been deposited in a DeFi (decentralized finance) protocol—or in several DeFi protocols—over a period of time. Cardano (ADA) has seen a continuous increase in TVL since January, with the debut of its new ventures Sundaeswap and Minswap, both of which have made significant contributions to the crypto’s TVL.
In an endeavor to reduce the gap between industrialized and developing nations, it is news this week that Charles Hoskinson said that the Cardano Network intends to provide peer-to-peer (P2P) financing throughout Africa starting from Kenya later this year.
ADA is currently down -8.57% in 24h.
AVAX is currently down -8.46 in 24h.
Why Avalanche (AVAX) could surge in price:
1. Developers of Ethereum (ETH) might explore reorganizing the network into a subnet using the Avalanche (AVAX) architecture. 2. Avalanche (AVAX) ecosystem is gaining popularity as a home for stablecoins: it natively supports USDT, FRAX, TSD, UST, and MIM.
Automish Token (ATI)
Calyx Token (CLX)