Why Are Terra (LUNA) and Calyx Token (CLX) Fantastic Investments Worth HODLing?

0

The total value of all cryptocurrencies surpassed $3 trillion in November. That’s even more impressive when you consider how quickly the industry established itself — the crypto market didn’t even exist as little as 15 years ago. However, the journey hasn’t been easy – the market is down 43%, and crypto assets have developed a reputation for being extremely volatile. CLX news..

On the bright side, this has happened before, and each time, the same thing happens: crypto prices rebound, and the market continues to rise to new all-time highs. With that in mind, it appears as though now is a good time to invest, with Terra (LUNA) and Calyx Token (CLX) being recommended by experts as good long-term investments for HODLers.

The following is what you should know.

Terra (LUNA)

Terra (LUNA) is a programmable blockchain that is powered by two different tokens. The first one, TerraUSD, is a stable coin pegged to the US dollar, though Terra coins can be pegged to other fiat currencies as well.

The second, LUNA absorbs volatility, allowing each stablecoin’s price to remain constant. If demand for TerraUSD exceeds $1, the network will encourage token holders to convert LUNA to TerraUSD, lowering the price by increasing supply. The system works the same way in reverse.

Terra (LUNA) is built on the Cosmos (ATOM) network, which runs on Tendermint, a high-throughput PoS consensus protocol. Terra (LUNA) can theoretically handle 10,000 transactions per second and complete them in under two seconds. For comparison, Ethereum (ETH) has a transaction rate of around 14 TPS and takes at least one minute to complete. As a result of Ethereum’s (ETH) lack of scalability, transaction fees on the network have risen dramatically in recent years.

So, why should you put your money into LUNA? Due to its high throughput, Terra (LUNA) is popular among DeFi investors. It’s the second-largest DeFi ecosystem, just behind Ethereum (ETH), with $29 billion invested in the blockchain. Anchor and PaywithTerra are also noteworthy products.

Calyx Token (CLX)

Calyx Token (CLX), which just entered presale, is the latest liquidity protocol to generate buzz in the crypto community for its potential to explode investments, especially since its price is set at $0.0005 for the entire duration of the presale.

According to the token’s website, each of the three presale phases has its own set of bonuses, which decrease as the next phase begins.

The Calyx Swap feature, which allows tokens to be converted or swapped in one transaction, is gaining popularity among crypto enthusiasts. This means that users will receive their swapped tokens at the best possible rates almost immediately after submitting a swap request.

With rapid technological advancements like this, we are truly witnessing the evolution of cryptocurrency.

Calyx Token (CLX) also adheres to DeFi principles by being permissionless, allowing for optimal security. This also means that anyone can join Calyx Token (CLX) as a Liquidity Provider and earn a percentage of the swap fees, which can be a lucrative way to boost your passive income.

To become a Liquidity Provider on the platform, all you have to do is contribute an equal amount of tokens in exchange for LP tokens.

Final Thoughts 

Terra (LUNA) and Calyx Token (CLX) are two fast-growing cryptocurrencies that are becoming increasingly popular among crypto investors due to their long-term potential and sustainability. 

Terra (LUNA) is significantly bigger than the novel Calyx Token (CLX), meaning new investors can feel more secure if they HODL it, although they may not witness the explosive returns the cryptocurrency experienced in its earlier years. On the other hand, Calyx Token’s (CLX) status gives it the chance to turn its early buyers into crypto millionaires. 

Enter the Calyx Token (CLX) presale now:

https://calyxtoken.io

https://t.me/CALYX_TOKEN_OFFICIAL

https://twitter.com/CalyxToken

https://www.instagram.com/calyx_token

Leave A Reply

Your email address will not be published.