Since their introduction into the world’s monetary market, cryptocurrencies have given the market a lift and contributed to its main progress and improvement. Outdated cryptocurrencies like Litecoin (LTC) and Polygon (MATIC) have offered quite a lot of use circumstances by serving to to resolve real-world issues. Keninah Concord (KEN) is a brand new cryptocurrency that goals to resolve much more real-world issues by leveraging blockchain expertise to assist conflict victims. This text is centered round Keninah Harmony (KEN) and the way it intends to contribute to crypto adoption alongside Litecoin (LTC) and Polygon (MATIC).
Keninah Harmony (KEN)
Targeted on placing its neighborhood first, Keninah Harmony (KEN) is a platform that goals to help conflict victims from world wide to realize entry to assist by means of donations by integrating and using cryptocurrency, blockchain, and its underlying expertise to provide effectivity and assist this trigger.
The Keninah Harmony (KEN) platform is an open-source and absolutely decentralized platform that intends to have interaction and make the most of all the advantages related to decentralized finance (DeFi) powered by its neighborhood, give donors to conflict victims healthful transparency and reliability, and be certain that the conflict recipients get immediate supply of donations.
The Keninah Harmony (KEN) community additionally intends to attain simplicity and accessibility by making its platform person and eco-friendly by offering options equivalent to a fee gateway, a donations pockets, and a way of verifying on-chain transactions.
Does the Keninah Harmony (KEN) Platform have a Roadmap?
Contained in its whitepaper, the Keninah Harmony (KEN) platform has a roadmap that’s divided into two phases. The actions that may happen in every section are as follows:
- Part 1:
- Core group formation.
- Web site launch.
- First token occasion.
- Part 2:
- MVP Launch.
- Second token providing with a completely purposeful product.
- Beta Model launch.
- Itemizing on exchanges.
- Enlargement of group.
- Last product rollout.
Extra details about the Keninah Harmony (KEN) roadmap may be present in its whitepaper.
The KEN Token Provide and Distribution
The KEN token, the native utility and governance token of the Keninah Harmony (KEN) platform, has uniquely structured tokenomics, token provide, and distribution that make it distinctive and stand out from different tokens on the crypto market right this moment. The KEN token shall be constructed round good contracts and supported by the Binance Sensible Chain (BSC).
The KEN token may have a complete most provide of 5 billion tokens which shall be allotted as follows:
- 5% of the entire provide shall be allotted to the Keninah Harmony (KEN) charity pockets the place it is going to be distributed to charitable establishments and organizations across the globe.
- 5% of the entire token provide shall be offered through the token’s personal sale.
- 20% of the entire provide shall be supplied up on the market to the general public.
- 10% shall be given to strategic traders within the Keninah Harmony (KEN) platform.
- 10% shall be allotted to the founders and members of the Keninah Harmony (KEN) neighborhood.
- 10% shall be allotted to the advertising group for the commercial and public enlightenment of the Keninah Harmony (KEN) token.
- 10% shall be given to the platform’s advisors.
- 20% shall be allotted to the Keninah Harmony (KEN) Basis reserve.
- 10% shall be allotted to the Keninah Harmony (KEN) liquidity pool.
The Keninah Harmony ecosystem can be providing customers who buy the KEN token utilizing Ethereum (ETH) or Binance Coin (BNB) on the Binance Sensible Chain (BSC) an 11% or 14% bonus respectively.
Polygon (MATIC) and Litecoin (LTC)
Previously generally known as Matic Community, Polygon (MATIC) is a Layer 2 easy-to-use scaling resolution for scaling on the Ethereum (ETH) blockchain community and the event of blockchain-related infrastructure. The Polygon (MATIC) Community is supported by Polygon SDK. Polygon SDK is the modular, versatile core part of the Polygon (MATIC) community that helps the constructing and improvement of several types of decentralized purposes (dApps) on the Polygon (MATIC) community. The Polygon (MATIC) community successfully makes use of its options to rework Ethereum (ETH) right into a multi-chain system by leveraging Ethereum’s vibrant ecosystem, safety, and openness.
Based in 2013 by early cryptocurrency and digital asset adopter Charlie Lee, Litecoin (LTC) is an altcoin that makes use of blockchain expertise to allow the operation of quick, safe, and low-cost transactions on its community. Litecoin (LTC) was developed primarily based on Bitcoin’s (BTC) code, nonetheless, Litecoin (LTC) possesses a number of distinguishing options from the pioneer cryptocurrency. For example, Litecoin (LTC) has a comparatively quick block time of two minutes and 30 seconds, and low cost transaction charges thereby making the Litecoin (LTC) protocol appropriate for the operation and regulation of micro and small-scale transactions and Level-Of-Sale (POS) funds.
The Polygon (MATIC) Community Mechanism of Operation
The Polygon (MATIC) community is secured by a mixture of the Proof-of-Stake (PoS) consensus mechanism and Plasma Framework blockchain structure. The Plasma Frameworks mechanism was proposed by Ethereum’s (ETH) creator, Vitalik Buterin. The framework permits the comparatively straightforward execution and operating of scalable and autonomous decentralized good contracts.
The Polygon (MATIC) group is concentrated on creating new options that shall be constructed round this hybrid Plasma-PoS mechanism to develop and increase the community’s means to cater to numerous wants from the Polygon (MATIC) ecosystem. The group will even guarantee to develop the Plasma-PoS expertise in order that it might probably result in the expansion of a bigger ecosystem by means of its scalability.
Because of the distinctive hybrid mechanism that serves as Polygon’s underlying expertise, about 65,000 transactions are carried out per block of every of the Polygon (MATIC) community’s facet chains. These transactions happen with a good and explicit block affirmation time of fewer than two seconds per transaction.
The Polygon (MATIC) community is powered by its native cryptocurrency governance and utility token generally known as MATIC. The token is an ERC-20 commonplace token that’s constructed on the Ethereum (ETH) blockchain. The MATIC token has a set whole most provide of 10 billion tokens and this makes the token deflationary. The token serves varied use circumstances however it’s primarily utilized by being burned as base charges on the Polygon (MATIC) community. Of the entire most provide of the token, 19% was offered through the token’s preliminary launchpad sale in 2019. The remaining MATIC tokens are allotted as follows:
- 16% is given to the Polygon (MATIC) group,
- 4% is allotted to the community’s advisors,
- 12% is distributed to the Polygon Community Operations,
- 21.86% shall be utilized because the Polygon (MATIC) community’s basis tokens,
- 23.33% shall be allotted and utilized as ecosystem tokens.
What’s Litecoin (LTC) all about?
Litecoin (LTC) is the second purest cryptocurrency on the earth behind Bitcoin (BTC). Though Bitcoin (BTC) affords quite a few advantages to its customers and the world’s monetary market as an entire, its community is tormented by a number of limitations together with however not restricted to sluggish transaction speeds and costly transaction and gasoline charges. Litecoin (LTC) alternatively has quick transaction speeds and is cost-efficient as its transaction charges are very low cost and practically negligible.
The Litecoin (LTC) protocol permits mining on its protocol because it makes use of the identical consensus mechanism as Bitcoin (BTC) known as the Proof-of-Work (PoW) consensus mechanism. The algorithm of this consensus mechanism permits transactions carried out on the Litecoin (LTC) protocol to be processed rapidly and with out errors.
LTC, the native token of the Litecoin (LTC) protocol has a complete most provide of 84 million cash of which 70 million are presently in circulation. Discover extra info here.