CAN SUPONTIS TOKEN (SUP) RISE TO POPULARITY LIKE TEZOS (XTZ) DESPITE THE CURRENT CHALLENGING SITUATION?

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Introduction

Despite its immense popularity, the crypto world, like any other stock market, is bound to be subjected to fluctuations. However, since the recent crypto crash, the market has faced an all-time low which wreaked havoc on every investor. Analysts have voiced that possible reasons for trading in red could be inflation, different economic policies, the Ukraine-Russia conflict, and global recession, among others. Supontis Token news..

On the brighter side, there are new crypto projects on the horizon. These are being developed and launched in short periods. An example of such a cryptocurrency still yet to come into the market is Supontis Token (SUP). The only question is if it can keep up with the hype of popular cryptocurrencies like Tezos (XTZ) and successfully create waves in the digitalized world. Let us dive deep to discuss these highlighted cryptocurrencies in further detail.

Tezos (XTZ)

Tezos (XTZ) is an open-source platform. It was founded by Kathleen Breitman and Arthur Breitman in 2017 and rose to popularity for non-fungible tokens (NFTs). It is a decentralized network meaning its user-centric and aims to build an active community that empowers people. Users with the $XTZ token can propose amendments or suggest new features to Tezos.

tezos
CAN SUPONTIS TOKEN (SUP) RISE TO POPULARITY LIKE TEZOS (XTZ) DESPITE THE CURRENT CHALLENGING SITUATION? 2

Tezos (XTZ) is the native token of the Tezos (XTZ) blockchain, which is the basic unit of exchange in the ecosystem. They claim to be “Security focused. Upgradeable. Built to last”.The highlight of the Tezos (XTZ) blockchain is its ability to self-amend. Along with this, the team behind the project incentivized developers to build DApps, thus, making it a popular cryptocurrency.

Supontis Token (SUP)

The name is a unique combination of English and Latin language. It is the amalgamation of the English word Super and the Latin word pontis: bridge. Thus, the Supontis Token (SUP) translates to a super bridge.

It is a decentralized platform. It essentially acts as a bridge and works similarly to any real-life one. However, in this case, it is a blockchain bridge connecting different blockchain networks like Ethereum, Binance, Tron, and Fantom.

The blockchain bridge has numerous uses and benefits. Firstly, it connects one blockchain ecosystem to another for ease of information transfer and open and smooth communication among all networks. Secondly, it aids the transfer of assets like native tokens, which prove to be fruitful for users and help in the growth of the blockchain world.

  • How does it work?

It works by following a two-step process and using a smart contract to ensure a successful transfer. In the first stage, the asset in the initial chain is locked. In the second step, an equal amount is created in the end location of the blockchain.

Features of Supontis Token (SUP)

Numerous features could make the Supontis Token (SUP) a popular cryptocurrency. Let us discuss a few.

  • BNB smart chain

The BNB or ‘Build and Build’ Smart chain is a relatively cheaper option for Ethereum. It prioritizes the safety of the user’s assets and provides faster transactions.

  • Decentralized Autonomous Organization (DAO)

Supontis Token (SUP) does not have a separate centralized body making decisions but is community-driven. It uses a DAO (Decentralized Autonomous Organization), implying that the token-holders decide the future and operational decisions. Ownership of the $SUP will make users eligible for the voting process.

  • Staking with Supontis Token

It is made possible with a proof-of-stake (POS) consensus mechanism. It also provides a chance to users to earn some extra cash just by upholding integrity.

Conclusion

To sum it up, the Supontis Token (SUP) shows great promise for the future. However, if it powers through the crypto crash is a question time will answer. The token will be available on PancakeSwap and UniSwap upon its launch. Furthermore, the Supontis Token (SUP) can support numerous decentralized apps (DApps). The DApps will benefit from the strengths of different blockchains and not only improve themselves but will enhance the user experience by doing so too.

The platform will aid collaborations between developers from other blockchains and the Supontis platform. The team behind this project aspires to create an ecosystem where users feel their opinions are heard and valued. Supontis Token (SUP) can rise to great heights in the crypto world with the aid of its community if the plans are well-executed.

Supontis Token (SUP)

Presale: http://register.supontis.com/ 

Website: http://supontis.com/ 

Telegram: https://t.me/SupontisTokenOfficial 

Twitter: https://twitter.com/SupontisToken

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