- CAKE’s primary purpose is to encourage liquidity supply.
- A user may make money by being a liquidity provider.
Here are the top 3 projects with a fully diluted market cap of $1B – $3.2B.
Harmony is a blockchain platform for decentralized app development (Dapps). The network relies on random state sharding, which allows for the rapid construction of blocks. To update block building, the Harmony mainnet emphasises on speed and authenticity. The firm lowered node validation times by implementing sharding.
Since hitting a high of $0.38 on Oct. 26, ONE has been declining. On Dec. 4, the low was $0.233. After a big bounce, ONE regained the rising support line and the $0.225 horizontal zone. The price on the RSI, a momentum indicator, recently surpassed 50. Movements above the 50-line are frequently seen as bullish.
IOST’s blockchain technology is open-source, secure, and scalable, with the intention of being the future backbone for internet services. Blockchains may not be adopted by large corporations unless they are easily scalable. This is one of the greatest difficulties that IOST is trying to address with their solution.
The proof-of-believability protocol (PoB) and efficient distributed sharding (EDS) of IOST’s blockchain allow it to compete with hundreds of speciality blockchains.
PancakeSwap is a decentralised finance (DeFi) application that allows users to swap tokens and earn fees by providing liquidity. There are no order books but rather liquidity pools in Pancakeswap.
A user may make money by being a liquidity provider; they can cultivate LP tokens and stake CAKE to get incentives. They may also play lotteries and collect non-fungible tokens. Binance Smart Chain introduced the PancakeSwap CAKE token (BEP20). CAKE’s primary purpose is to encourage liquidity supply to the PancakeSwap platform. PancakeSwap may be safely kept on compatible Binance Smart Chain wallets.