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There are many cryptocurrencies in the market today, but it can be difficult to determine which ones are worth investing in. Decentralized cryptocurrencies have gained quite a lot of popularity in the past few years. Many companies see them as a way to circumvent the centralized authorities who control most companies and institutions. In this article, we will be focusing on three of these decentralized cryptocurrencies which are; Logarithmic Finance (LOG), PancakeSwap (CAKE), and UniSwap (UNI).
New to the cryptocurrency market, Logarithmic Finance (LOG) is a layer III next-generation, decentralized finance and swapping platform that aims to enable uninterrupted and consistent connection and interaction between innovators and investors on blockchain networks. The Logarithmic Finance team intends to enhance and completely decentralize the liquidity auctions by aiding the cross-chain and multi-chain movement of tokens between multiple blockchain networks and creating interoperability.
The LOG token is the official governance and utility token of the Logarithmic Finance protocol. The token is an ERC-20 token that will grant its holders the right to governance voting when they stake their LOG tokens to the designated wallets, thereby creating a self-governance community. Holders of the token can also stake their tokens and earn rewards or passive income depending on the number of tokens staked. The LOG token is currently in its presale phase where only 1.2 billion of the tokens will be offered up for sale out of the maximum token supply of 4 billion tokens.
Launched in September 2020, PancakeSwap (CAKE) is a decentralized
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