Home Markets Uniswap, Fantom and Keninah Concord: 3 Crypto Tokens for the Bear Market

Uniswap, Fantom and Keninah Concord: 3 Crypto Tokens for the Bear Market

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Uniswap, Fantom and Keninah Concord: 3 Crypto Tokens for the Bear Market
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The crypto bear market is in full swing and crypto users are feeling the pinch. The current economic challenges are ravaging all financial markets, including forex, options, bonds and the stock market. The crypto industry is used to market cycles, and as it matures we will see more of these boom and bust cycles.

The important thing to note is that there is an opportunity for crypto users to add value to their portfolios by buying strong crypto projects during this time. With the 60-70% price drops seen by crypto projects in the market, strong crypto tokens are trading below their value. These tokens are backed by good projects with strong fundamentals and use cases.

Thorough research is required before buying crypto tokens. The crypto market is in a state of uncertainty and prices are volatile. The research would ensure that the project tokens you buy have good future prospects and would add value to your portfolio. Uniswap (UNITED), Phantom (FTM), and Keninah Concord (KEN) are three crypto tokens for the bear market. Investors should look into these tokens as they signal strong future potential. Here is more about these three crypto projects.

Uniswap (UNI)

Uniswap (UNI) is a DEX that allows users to trade ERC-20 tokens. It uses an automated Market Maker model where users trade tokens for pools of liquidity. ERC-20 tokens are on the Ethereum network; therefore, only tokens on the Ethereum network are supported by Uniswap.

Uniswap was launched in 2018 by Hayden Adams, and in 2020 he created the UNI governance tokens. Liquidity providers fund liquidity pools on Uniswap, and these users are rewarded with trading fees for using the pool. The fees that liquidity providers receive depend on the number of tokens contributed.

UNI token holders become members of the Uniswap DAO, which has over $1.6 billion in its treasury. Members of the DAO have the right to vote on changes to the protocol. The Uniswap DAO currently has over 300,000 members, and they decide how funds from the treasury are allocated.

Ghost (FTM)

Fantom (FTM) is a Directed Acyclic Graph (DAG) smart contract blockchain. It uses a unique consensus algorithm (Lachesis) to provide a DEFI-compliant platform for developers.

The Fantom blockchain will provide users with a faster network with fast settlement times (less than two seconds), which is well suited for DEFI. Additionally, the Fantom blockchain supports the creation of dApps for various purposes. The Fantom blockchain was created in 2018 and the Mainnet was launched in 2019.

The Fantom blockchain is primed as the next destination for DEFI due to its consensus algorithm and settlement times. It will provide a cheap, fast, and developer-friendly alternative to existing layer 1 blockchains.

Fantom is positioning itself as a first DEFI blockchain with the aim of attracting more developers to its network. The FTM token is the utility token of the blockchain. FTM is used for various functions including staking, settlement, governance, and network fees.

Keninah Concord (KEN)

Keninah Concord (KEN) is a crypto platform for sending and receiving financial aid in war zones. Traditional financial institutions are non-existent during the war, which is the main basis for the creation of the Keninah Concord network. Keninah Concord seamlessly enables donors to send money to recipients using its distributed ledger technology.

The network solves giving issues such as accountability, transparency and timeliness. Additionally, Keninah Concord will connect donors and recipients in a safe environment where they can connect. The KEN token will serve as a medium of exchange on the network and facilitate transactions.

Join the current presale and take advantage of the many bonuses available. Bonuses can stack and there are many ways to get an extra KEN token. For example, you get a 9% bonus if you buy KEN tokens in the first stage, a 7% bonus for the second stage and a 5% bonus for the last presale stage. Inviting your friend to the referral program can also earn you bonuses. Buy KEN today!

Join now.

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