Supontis, Solana and Avalanche – Creating a new ecosystem after the Terra Crypto Crash with
There are thousands of cryptocurrencies operating worldwide. The adoption rate of these digital assets is increasing daily, thanks to the many benefits blockchain technology offers.
The cryptocurrency market did not meet expectations in 2022 compared to the previous year. The dovish attitude of the Federal Reserve (FED), rapidly rising inflation, along with a bullish sales outlook, were more than a little influential in this.
Despite this, innovative projects continue to be showcased. One such promising cryptocurrency platform is Supontis (PON) of leading figures in the blockchain and cryptocurrency market. The project started with the desire to create an ecosystem where all users and active token holders feel essential and contribute to the platform’s infrastructure, outlook and future.
United alike – Supontis (PON)
Users can also stake transactions on the Supontis (PON) platform. The staking system used here is made possible by the Proof-of-Stake (PoS) consensus mechanism. Stake transactions are shown as a way to support the integrity of the network while providing an additional earning opportunity for users.
Supontis (PON) is a community-oriented DAO and does not have a centralized structure like other cryptocurrency projects regarding management decisions. Instead, a democratic and transparent structure is adopted. Operational decisions and future proposals to be made within the platform must be submitted and accepted by network users. All members involved in the project can participate in the voting processes by owning Supontis (PON) token.
The wisdom of profit – Solana (SOL)
The project’s fuel, SOL, can be used for staking, transferring assets and executing smart contracts within the ecosystem. At the same time, ecosystem users also need Solana (SOL) tokens to benefit from events. The SOL token, which is used for the security of the Solana network, has a high transaction volume due to its wide range of applications.
Solana (SOL) increases in value 13 times to its impressive peak, and has a supply of 500 million. At the time of writing, 350 million are in circulation, transactions for 1 billion dollars are transacted daily. Currently trading at just over $30, the project ranks 9th among the strongest cryptocurrencies in the market ranking. No small achievement.
Digging Roots of Recent Crash – Avalanche (AVAX)
Avalanche (AVAX), which gained recognition with its 20-fold in 2021, was launched in 2020. The project, which was developed as a concept after the crypto crash of 2017, is a crypto that aims to eliminate the technical aspects that caused this collapse . The project aims to operate cryptocurrencies on a single network with high scalability.
AVAX, using an entirely new technology, is among the projects that have fallen in the way of this decline. The Avalanche project (AVAX), which has an extensive ecosystem, offers various revenue models to its users, and maintains protocols to protect the current value, was one of the projects that declined the most in 2022. In addition to the bear market, other reasons such as impacted Avalanche (AVAX) in this decline. The most obvious of these reasons is the Terra (LUNA) event.
Although the Terra (LUNA) crash was a significant setback for the crypto market, Supontis (PON) remains an excellent investment opportunity.
The Solana (SOL) and Avalanche (AVAX) projects are also worth considering, as they could help create a new ecosystem after the Terra (LUNA) crash.
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