Logarithmic Finance’s (LOG) Presale Is Over- With Its 45% Rise, Can It Follow The Success Of Uniswap (UNI)?

Published on June 30, 2022 at 12:21 pm by Insider Monkey Wire in Bitcoin, Ethereum and Other Cryptocurrencies, News, Tech

Some of the best crypto gains have come from presale tokens. Although the crypto world has been extremely volatile, many investors have taken advantage of the crash. If you are new to the crypto market, many analysts advise considering presale tokens or newly launched tokens. One of such is Logarithmic Finance (LOG), making an outstanding appearance in the crypto market.

What Is Logarithmic Finance (LOG)?

If you are unfamiliar with the coin, Logarithmic Finance is a next-generation decentralised finance and swapping protocol that allows you to interact between early-stage innovators and investors. The platform offers integration of cross-chain and stablecoin swap, as well as multiple wallets.

If you are a token holder on the platform you can create pools by adding the basic details for the tokens such as ticker, accepted crypto for payments, define swapping ratio, auction parameters, and percentage discount for LOG holders.

On the other hand, if you are a project innovator you can similarly create your pool, by adding basic details such as the name, ticker, and other elements. You will get the opportunity to register your pool on a particular blockchain network, that fulfils your requirements. Innovators can then connect a wallet to transfer the auctioning tokens to an HTLC and pay the gas fees to anchor the pool.

Also, users have to pay a percentage of fees for the total liquidity raised from the share of auctioning tokens, reserved for LOG holders and other purposes.

LOG is an ERC-20 token on the Ethereum (ETH) platform, but you also can purchase it from Uniswap.

In the near future, developers are looking to offer a secure and non-custodial environment offering many opportunities to support Binance Smart Chain (BNB), Avalanche (AVAX), Tezos (XTZ), Polygon (MATIC), and Solana (SOL).

Its NFT swap functionality has made the token ever so much more desirable.

Image Courtesy of Coinbase

Can LOG follow in the footsteps of Uniswap?

Uniswap (UNI) is an automated liquidity protocol where you can swap, earn and build on the decentralised crypto trading protocol.

Launched in November 2018, by Hayden Adams, the V1 protocol executed more than 94 million trades. The platform also launched V2 and most recently V3 in March 2021, with the new version increasing capital efficiency over its previous version. Its governance token UNI reached $40 in May. Although the coin is now worth $4.94, experts have predicted that it will surpass the $40 mark by 2028 and continue to grow. The Uniswap protocol supported more than $58 billion in volume throughout 2020, which was up 15,000% from $390 million in 2019.

Although the pandemic caused some trouble in the crypto world, the Uniswap protocol had an average of 54% volume market share among trading protocols in 2020. It commanded over $2 billion in liquidity with it being up by an extraordinary 17,000% from $12 million at the start of 2020. Today it is known to be one of the largest venues for crypto spot trading.

Similar to Uniswap, LOG coin saw a 45% rise after its launch with experts predicting DeFi is the way forward in the finance sector.

Logarithmic Finance has had a very successful launch currently making it one of the most spoken about tokens in the crypto market. Its future development roadmap is looking very promising making it a very exciting new project to consider.