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When a crypto collapse affects the cryptocurrency markets in general, some tokens take severe hits, and others suffer minimal losses. This is often based on the tokenomies and the safeguards underlining the token’s operations. In such a situation, your best bet will be to prioritize trading tokens that can help you maximize profits and minimize losses. In this article, we look at Magniswap (Magni), Cosmos (ATOM), and Avalanche (AVAX) and how they can offer these benefits.
Avalanche (AVAX)
Avalanche is a leading cryptocurrency in the crypto market, popularly regarded as the fastest smart contract technology in terms of time-to-finality. Individuals trading on Avalanche (AVAX) don’t have to wait for long for transactions to go through, as the protocol features a quick throughput. While Ethereum (ETH) takes up to 6 minutes to complete a transaction, it takes Avalanche (AVAX) just two seconds to complete the same transaction.
AVAX allows developers to create their own decentralised applications on their blockchain, which given its speed is an exciting opportunity for many. If that wasn’t enough, the platform also allows developers to sell or transfer dApps and smart contracts with a various use cases to fufill any needs developers may have. However, one of the most impressive features promoted by Avalanche is business can utilise this technology with minimal hardwear.
Cosmos (ATOM)
Cosmos (ATOM) is a unique DeFi project that aims to solve the problem of blockchain interoperability, committed to an inter-chain-driven cryptocurrency market where multiple blockchains can interact with each other.
Cosmos (ATOM) leverages open-source tools to provide a method for chains to share data and streamline transactions between each other. Typically, a new blockchain created is stored on the Cosmos hub, a proof-of-stake blockchain that operates with ATOM, the network’s utility token.
ATOM is used as a means of paying transaction fees using Atom’s gas-based system. With ATOM, you can also participate in governance and in staking in the network’s consensus mechanism. It is worth noting that the token is inflationary, and coins are minted based on the total number of ATOM staked.
ATOM also serves as a reward to the network validators who govern the chains. With a market cap of over $2.7 billion, ATOM is the 29th largest cryptocurrency in the space. ATOM is currently trading at
$8.12, with a 0.22% rise in the last b24 hours, attesting to its relative stability since the crypto collapse.
Magniswap (Magni)
Founded in 2022, the Magni token is the native token of Magniswap and a BEP-20 token on the BNB smart chain. It seems to build a strong, diverse, and exceptional community by offering such utilities as swapping, staking, farming, and numerous other utilities. Because it’s on the BNB smart chain, these transactions will come at lower costs compared to Ethereum (ETH), minimizing the entry barrier enthusiasts often face.
The goal of Magniswap (Magni) is to stimulate the Magniswap community to revolutionize the crypto and DeFi industries by aligning on a common goal powered by trust. The platform offers token swapping through the Magniswap (Magni) to stimulate secure smart contracts to provide automated market makers (AMM) with liquidity. This will allow users to swap any coin with a Magni token at the cheapest fee possible while also enjoying protection from market volatility or severe price shocks.
Another way to earn profits from the platform is through yield farming, which occurs when holders decide to participate in single or dual-token farming pools. The farming pool determines the tokens and the amount needed to start farming in your preferred pool. Here, you can yield in $MAGNI token, the yield from the liquidity pool the user is participating in, and yield from the appreciation/depreciation in the $MAGNI token. Typically, reward on yield farming is by block-basis, and it is generated from calculating the annual percentage yield against the amount staked.
Magniswap (Magni) also features a staking solution that is based on the proof of stake (PoS) algorithm to serve the blockchain network and reward its users. This way, users participate in formulating the token’s price. They also get to enjoy staking rewards based on the interest generated from validating the transaction in proportion to the amount staked. As a staker, you can claim your rewards periodically or automatically, depending on your choice.
Magniswap (Magni) presale offers you a chance to earn massive profit and recoup all the losses suffered as a result of the crypto collapse.
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