KOM, NAKA, EFI, and TR3 are available – DeFi Market Wrap

Kommunitas launched its ICO recently. The token’s price is $0.002 per KOM, and the sale will continue for almost a month. The company hopes to raise $400,000 during the initial coin offering. The team created this solution specifically for Multi Chain oriented projects. It aims to help investors find a new organic way of fundraising across the blockchains. Its platform levels the playing field by enabling teams of developers or single developers to launch their projects on it. Creators can collect $ETH, $BNB, $MATIC, $HECO, or any other digital coins supported by this platform.

Kommunitas offers various advantages that guarantee its success in the long run. For instance, the company is revolutionizing fundraising in the digital ecosystem with its robust platform, supporting developers’ quest to raise funds for their projects. It also plans to expand the fundraising horizon with its platform, aiming to defeat the single-chain limit. Kommunitas offers investors a multi-chain protocol (ETH, BNB, MATIC, and HECO), which is indeed a great lure.

Furthermore, a customer will be able to connect several wallets from different blockchains easily, with just a single click. Kommunitas platform synchronizes users’ assets to give them faster access to all the functions hosted by the team.

Investors will be able to stake their coins directly from their Kommunitas wallet. The company ensures that the customers will always get the best price. This platform has almost zero fees. In fact, Kommunitas aims to help users manage their funds in the most decentralized way possible. Traders can stake their assets and even claim the reward they prefer with the platform’s multi-chain pools.

 

KOM token holders can also participate in the platform’s development

KOM is the platform’s native utility token. That means the holder will be able to vote on the future development of the project. However, there is one requirement – to get voting rights, an investor must hold 3,000 KOM. That may change in the future, though. Apart from voting rights, holders with 3,000 or more KOM tokens will be allowed to participate in launching new projects on Kommunitas Platform.

Besides, holders will decide the fees, updates, projects hosted on the platform, and many other things as a community. Users will have the power to decide on the direction this company takes. $KOM owners will also earn the reward from just HODLing them on the wallet or staking the token on the Kommunitas platform. Traders can profit just by being part of the platform.

 

Meanwhile, Nakamoto works to create one platform for all the Fun and Meme tokens

Nakamoto launched its native token on June 15, 2021, and it has already appeared on several hot ICO lists. The total supply of NAKA is 21 billion tokens. The company plans to sell 1 billion tokens during the ICO, which will continue for six months. Furthermore, it will list another two billion NAKAs on various exchanges during the following year. Nakamoto is going to store the remaining 18 billion tokens on five different wallets for security reasons.

The company built its native utility token on the TRON blockchain (TRX). It aimed to raise funds to establish an ecosystem for MEME-related tokens and currencies. The Nakamoto project aims to facilitate an easy and fun experience with blockchain technology by creating a fully decentralized environment for certain digital coins.

Blockchain technology’s main purpose is decentralization. However, different groups and individuals affect the ecosystem in such a way that it becomes more centralized instead of being decentralized. Billionaires, governments, and countries take advantage and use their influence to change the directions of the DeFi space and cryptocurrencies. Their actions cause more volatility in the market. Thus, making it difficult for average traders to participate in creating various protocols.

There are numerous cryptocurrencies, with new ones adding daily. They all have something in common, though – following the Bitcoin chart. Unfortunately, Bitcoin is very vulnerable to the news, absorbing the market’s volatility. As a result, cryptocurrencies become more centralized, drifting away from decentralization, defying the main reason for their creation.

 

What solution does Nakamoto offer?

 

Nakamoto aims to solve the problem by offering a decentralized exchange (also known as DEX) only for meme-related tokens and currencies and those assets that categories as fun. But achieving this goal requires having a separate marketplace for those tokens to skip the influence of Bitcoin and other major cryptos. Thus, the ecosystem is initiating DEX, which is fully secure and safe from any centralized volatility.

Traders and investors take the graphical and technical features with extra caution and attention because of the serious volatility of Bitcoin and other cryptos. Despite that, meme-coins skyrocketed in value in the first half of 2021, returning a huge amount of profit to their investors just by being hyped and fun.

 

Such tokens already became a trend on social media and gained higher ranks among other cryptos. Nakamoto aims to create an entire ecosystem to derive all such fun tokens into one place.

Efinity plans to begin its ICO in the near future

 

Efinity announced that it would launch its ICO sale on the Coinlist platform on June 24, 2021. This token is high-ranked, and investors are looking forward to the beginning of trade. EFI’s price will be $0.2 per token, and a total of 100,000,000 EFIs will be available for the users. The company hopes to raise $20,000,000 during the sale.

Efinity is a cross-chain NFT blockchain, and the deflationary EFI Token powers this network. It is environmentally friendly and scalable. The Efinity team built the network for games, enterprises, apps, and creators to give them the chance to deliver their own non-fungible tokens to mainstream audiences.

Efinity is essentially a new blockchain built for NFTs. The company’s goal is to ensure that NFTs are as widespread and easy to use as mobile phones today. The platform boasts an impressive amount of features, including transaction fee delegation, fuel tanks, smart contracts, crafting, instant swaps, discrete accounts, native multi-sig, cross-chain marketplaces, price discovery, and an NFT launchpad. Furthermore, Efinity’s transactions get a confirmation in 6 seconds and scale to 1000 TPS.

The company will enable virtually any industry to utilize NFTs, unlocking trillions of dollars in currently illiquid real-world and digital assets.

TR3 token is becoming more and more popular with time

Tr3zor launched its token on February 1, 2021. However, the pre-sale began on June 1, 2021. The token is trading for 0.12 USD during the ICO. While there are many protocols and networks in the DeFi space, this company still gets its due attention thanks to its goal.

Tr3zor is the first lost and found network worldwide that is based on blockchain technology. It connects searchers and finders. This platform presents a good solution to the pressing problem of lost or stolen belongings and manages to do that through the utilization of blockchain, as well as the implementation of various incentive mechanisms, including bounty rewards.

Tr3zor offers a global database of both lost and stolen items on the web and mobile. Besides, it has the advantage of borderless, cheap, and swift digital transactions, along with the highest standards in security and transparency, thanks to the immutability of blockchain networks.

Furthermore, this company created an interconnected and cooperative network between multiple entities and places where people frequently lose their belongings. The company is establishing connections with lost and found offices in cities, as well as at airports, hotels, the police, public transport companies, railway and bus stations, restaurants, and many others. It makes everything to ensure that its network has the highest reach possible, thus increasing the likelihood of a property getting found by its owner.