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Since their introduction into the world’s monetary market, cryptocurrencies have given the market a lift and contributed to its main development and growth. Previous cryptocurrencies like Litecoin (LTC) and Polygon (MATIC) have offered a wide range 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 know-how to assist struggle 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)
Centered on placing its group first, Keninah Harmony (KEN) is a platform that goals to help struggle victims from world wide to achieve entry to assist by means of donations by integrating and using cryptocurrency, blockchain, and its underlying know-how to offer effectivity and assist this trigger.
The Keninah Harmony (KEN) platform is an open-source and absolutely decentralized platform that intends to interact and make the most of all the advantages related to decentralized finance (DeFi) powered by its group, give donors to struggle victims healthful transparency and reliability, and be sure that the struggle recipients get immediate supply of donations.
The Keninah Harmony (KEN) community additionally intends to attain simplicity and accessibility by making its platform consumer and eco-friendly by offering options akin to a cost gateway, a donations pockets, and a method 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 can happen in every part are as follows:
- Section 1:
- Core crew formation.
- Web site launch.
- First token occasion.
- Section 2:
- MVP Launch.
- Second token providing with a completely useful product.
- Beta Model launch.
- Itemizing on exchanges.
- Enlargement of crew.
- Remaining product rollout.
Extra details about the Keninah Harmony (KEN) roadmap will 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 immediately. The KEN token will probably be constructed round sensible contracts and supported by the Binance Sensible Chain (BSC).
The KEN token may have a complete most provide of 5 billion tokens which will probably be allotted as follows:
- 5% of the entire provide will probably be allotted to the Keninah Harmony (KEN) charity pockets the place it will likely be distributed to charitable establishments and organizations across the globe.
- 5% of the entire token provide will probably be offered through the token’s non-public sale.
- 20% of the entire provide will probably be supplied up on the market to the general public.
- 10% will probably be given to strategic buyers within the Keninah Harmony (KEN) platform.
- 10% will probably be allotted to the founders and members of the Keninah Harmony (KEN) group.
- 10% will probably be allotted to the advertising and marketing crew for the commercial and public enlightenment of the Keninah Harmony (KEN) token.
- 10% will probably be given to the platform’s advisors.
- 20% will probably be allotted to the Keninah Harmony (KEN) Basis reserve.
- 10% will probably be allotted to the Keninah Harmony (KEN) liquidity pool.
The Keninah Harmony ecosystem can also 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 often called Matic Community, Polygon (MATIC) is a Layer 2 easy-to-use scaling answer 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 element of the Polygon (MATIC) community that helps the constructing and growth of various kinds of decentralized functions (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 know-how 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. As an illustration, 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 mix 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 allows the comparatively straightforward execution and operating of scalable and autonomous decentralized sensible contracts.
The Polygon (MATIC) crew is targeted on creating new options that will probably be constructed round this hybrid Plasma-PoS mechanism to develop and enhance the community’s capability to cater to numerous wants from the Polygon (MATIC) ecosystem. The crew will even guarantee to develop the Plasma-PoS know-how in order that it may well 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 know-how, about 65,000 transactions are carried out per block of every of the Polygon (MATIC) community’s facet chains. These transactions happen with a decent and specific block affirmation time of fewer than two seconds per transaction.
The Polygon (MATIC) community is powered by its native cryptocurrency governance and utility token often called MATIC. The token is an ERC-20 commonplace token that’s constructed on the Ethereum (ETH) blockchain. The MATIC token has a hard and fast complete 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) crew,
- 4% is allotted to the community’s advisors,
- 12% is distributed to the Polygon Community Operations,
- 21.86% will probably be utilized because the Polygon (MATIC) community’s basis tokens,
- 23.33% will probably be allotted and utilized as ecosystem tokens.
What’s Litecoin (LTC) all about?
Litecoin (LTC) is the second purest cryptocurrency on the planet behind Bitcoin (BTC). Though Bitcoin (BTC) provides quite a few advantages to its customers and the world’s monetary market as an entire, its community is stricken by a number of limitations together with however not restricted to gradual 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 almost negligible.
The Litecoin (LTC) protocol permits mining on its protocol because it makes use of the identical consensus mechanism as Bitcoin (BTC) referred to 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 shortly 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 at the moment in circulation. Discover extra data here.
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