Crypto

Chainlink, Cosmos, Toon Finance Are 3 Crypto Assets That Prove To Be Unbeatable During this Bear

It’s no secret that the crypto market has been in a bit of a slump lately. investors are feeling skittish and many are taking their money out of the market. However, there are still some crypto assets that are holding their own and even seeing some growth. Here are 3 examples of crypto assets that have proved to be UNBEATABLE during this bear market.

In the world of cryptocurrencies, there are always new assets and technologies emerging that have the potential to change the landscape as we know it. One such asset is Chainlink (LINK). LINK is a decentralized oracle network that provides reliable data to smart contracts on the Ethereum blockchain. The demand for data-driven smart contracts is only increasing, which is good news for Chainlink. Let’s take a closer look at what makes this technology so special. 

What is an Oracle? 

An oracle is a third-party service that supplies external data to a blockchain application. This data can be anything from stock prices to weather conditions. Smart contracts rely on Oracles to trigger their execution because they cannot access this data on their own. 

Oracles can either be centralized or decentralized. A centralized oracle gets its data from a single source that is controlled by a single entity. A decentralized oracle, on the other hand, gets its data from multiple sources that are all controlled by different entities. This makes decentralized Oracles much more resistant to tampering and fraud because it would be impossible for a single entity to change the data across all sources. 

What is Chainlink? 

Chainlink is a decentralized Oracle network that supplies reliable data to smart contracts on the Ethereum blockchain. It does this by connecting blockchain applications to off-chain resources like APIs and data feeds in a secure and tamper-proof way. 

One of the advantages of using Chainlink is that it allows developers to create smart contracts that are triggered by real-world events. This opens up a whole world of possibilities for how blockchain technology can be used. For example, imagine being able to create a smart contract that automatically pays out insurance claims when severe weather conditions are detected in a certain area. 

Chainlink has been described as the “Internet of Blockchains” because it has the potential to connect any blockchain application with any off-chain resource in a secure and tamper-proof way. The sky truly is the limit when it comes to what Chainlink can do! 

The demand for data-driven smart contracts is only going to continue to increase as we move into the future. Chainlink is at the forefront of this emerging technology and stands to benefit greatly as the demand for Oracles grows. If you’re looking for an asset with long-term potential, Chainlink may be worth considering!

Cosmos (ATOM) 

There’s no denying that the past year has been tough for crypto. The prices of Bitcoin and Ethereum, the two largest cryptocurrencies by market capitalization, have both declined significantly since their all-time highs in December 2017. However, there are a few bright spots in the crypto world, and one of them is Cosmos (ATOM).

Cosmos is a decentralized network of blockchains that can scale and interoperate with each other. The Cosmos Hub, the first blockchain in the network, launched in March 2019 and has seen consistent growth since then. Recently, Cosmos was added to the Coinbase Pro exchange, which is giving it even more exposure. Here’s a look at why Cosmos is one of the few assets to withstand the bear market.

1)The Cosmos Hub is the first blockchain in the network and it launched in March 2019. The team behind Cosmos has been working on the project for several years, and it shows in the quality of the product. The hub supports multiple consensus algorithms and provides an easy way for developers to launch their own blockchains. Since launch, the hub has been growing steadily and recently surpassed 500 validators. That’s impressive considering that most Proof-of-Stake networks have less than 100 validators. 

2) One of the reasons why Cosmos is doing so well is because it addresses a major problem in the crypto space: scalability. Blockchains like Bitcoin and Ethereum can only process a handful of transactions per second due to their Proof-of-Work consensus algorithm. This limitation has resulted in slow transaction speeds and high fees on these networks. In contrast, Cosmos can handle thousands of transactions per second thanks to its Proof-of-Stake consensus algorithm. This makes it ideal for applications that require fast transaction speeds, such as payments or exchanges. 

3) Another reason for Cosmos’s success is its Inter-Blockchain Communication protocol (IBC). This protocol allows blockchains to communicate with each other, which opens up a whole world of possibilities. For example, IBC could be used to connect different DeFi protocols so that they can interact with each other directly. Alternatively, IBC could be used to create synthetic assets that track the price of real-world assets like stocks or commodities. The sky’s the limit when it comes to what IBC can do, and that’s why many people are excited about its potential. 

Cosmos (ATOM) is one of the few assets that has been impervious to the bear market. ATOM is a decentralized network of blockchains that can scale and interoperate with each other. The Cosmos Hub, the first blockchain in the network, launched in March 2019 and has seen consistent growth since then. Recently, Cosmos was added to the Coinbase Pro exchange, which is giving it even more exposure. If you’re looking for a bright spot in crypto, Cosmos is definitely worth keeping an eye on.

Toon Finance (TFT)

What is Toon Finance?

Toon Finance is a protocol that enables users to mint, buy, sell, and exchange NFTs on the Ethereum blockchain. Their mission is to create an ecosystem where people can easily connect with creators and collaborate on projects. Toon Finance was founded by a team of experienced entrepreneurs, developers, and designers who are passionate about blockchain technology and its potential to revolutionize the creative industry. 

What is an NFT? 

An NFT is a non-fungible token that represents a unique asset on the Ethereum blockchain. Unlike Bitcoin or other cryptocurrencies, which are interchangeable and can be divided into smaller units, NFTs are each unique and cannot be divided. This makes them well-suited for representing digital art, collectibles, or other items that are not easily replicated. 

How Will the Airdrop Work? 

The airdrop will take place over two rounds. In Round 1, 10% of the total supply of NFTs will be distributed proportionately to all participants who have contributed at least 0.1 ETH to the Toon Finance ICO. In Round 2, 5% of the total supply will be distributed proportionately to all participants who have contributed at least 0.1 ETH and have held their TOON tokens for at least 30 days prior to Round 2 beginning. The airdrop will happen automatically; there’s no need to do anything else once you’ve contributed to the ICO or held your TOON tokens for 30 days.                       

Don’t miss your chance to participate in Toon Finance’s exciting NFT airdrop! There’s still plenty of time to contribute to their ICO or hold your TOON tokens for 30 days (if you want to participate in both rounds). But act fast—after the presale ends, any unclaimed tokens will be burned! Visit their website today to learn more about how you can take part in this incredible opportunity.

Which of the Three is the Most Unbeatable?

Toon Finance has a successful stage 1 ICO presale, and with the airdrop to all their holders, this project has even yet to scratch the surface of their potential. Their focus on creating a truly decentralized protocol coupled with an amazing community with 24k members strong, they are the most to be the number 1 pick!

Toon Finance’s Potential

Toon Finance’s potential lies in their focus on creating a truly decentralized protocol. This means that there is no central authority controlling the network. Instead, it is run by the community of users who hold TOON tokens. This gives Toon Finance a level of decentralization that is not seen in other protocols such as Chainlink & Cosmos. 

In addition, Toon Finance has an active and engaged community. There are currently over 24,000 members in their Telegram group. This kind of community support is essential for a project to succeed. The Toon Finance team is also very accessible and responds quickly to questions and concerns raised by the community. 

Lastly, Toon Finance’s tokenomics are very attractive for investors. The total supply of TOON tokens is fixed at 1 billion. This token distribution ensures that there is enough liquidity for TOON to trade on exchanges and that the team will have enough tokens to drive adoption of the protocol. 

Between Chainlink, Cosmos and Toon Finance, our vote would definitely go to Toon Finance! They have yet to scratch the surface of their potential and we believe they have what it takes to become the most successful protocols in the space. Thanks for reading!

Disclaimer: This is a press release post. Coinpedia does not endorse or is responsible for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company.


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