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Calyx Token (CLX) challenges heavy altcoins Chainlink (LINK), Cosmos

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Let’s find out the investment potential of a crypto portfolio with Calyx Token, Chainlink and Cosmos

The Calyx Token (CLX) is a new cryptocurrency that will be used as the primary utility coin within the token swap protocol. The Calyx ecosystem will help in aggregating liquidity from different sources for easy exchange across blockchain networks. Centralized exchanges are heavily monopolized and charge high commissions. The Calyx ecosystem will help users earn fair value and allow for real-time token exchanges. It is non-custodial and permissionless, meaning the funds remain in your custody at all times. It is a new token and will grow over time. It could generate even greater returns than Chainlink (LINK) or Cosmos (ATOM). Let’s find out the investment potential of a crypto portfolio with these three tokens.

chaliceSource: freepik.com

The Calyx ecosystem unites traders and liquidity providers under one roof

The Calyx ecosystem is a community-driven liquidity protocol that will ultimately be governed by a DAO going forward. It helps in raising liquidity from various sources to provide a quick and easy way to exchange tokens at the best prices. The CLX token pre-sale runs here.

The Calyx platform will help transform the current token swap protocol communities, providing instant atomic snaps in a single transaction. The entire cross-chain transfer process takes place in the background and a user does not need to manually monitor each stage.

Users can stake the CLX token to ensure voting rights once the DAO is operational. A percentage of exchange fees are also contributed to the common liquidity pool. The Calyx site plans to include support for other blockchains and is currently being deployed on the Ethereum network.

To sue

The Calyx ecosystem divides users into four categories: Passive liquidity providers are those who invest the assets to earn a share of the trading fees as a reward. Professional liquidity providers will perform market making and also develop tools and strategies for DeFi projects in Calyx. The Token Project Liquidity Provider will create a liquid marketplace and also unlock cross-chain compatibility. The fourth category includes innovators who help Calyx develop new features for the swap protocol.

coinsSource: stock.adobe.com

Calyx will allow liquidity providers to create a pool on any blockchain network of their choice. This would ensure that in the future everyone could become a provider of liquidators and set up their own pools. Currently, the creation of pools is highly regulated and left to the project owners. As a DAO, Calyx will grant each user the right to vote on proposals for new liquidity pools.

Trulation builds an inflation index backed by Chainlink

Decentralized finance firm Truflation will use the data provided by Chainlink to create an inflation index to independently track information. It will take a new approach and provide reliable information, unlike government-provided inflation indices that use survey data. The Truflation Index helps measure and report changes in inflation on a daily basis by using real market price data. The system will run on Chainlink and will be accessible and visible to everyone. Chainlink is a price oracle network that allows for easy integration of outside data into blockchain networks.

Cosmos will soon introduce interchain security

Cosmos (ATOM) will be finalizing the interchain security feature shortly and hopes to complete it by the end of this quarter. Interchain Security Version 1 will be rolled out across the Cosmos ecosystem in Q2 2022. It will allow developers to launch blockchains using the same set of validators as the Cosmos hub. If the Cosmos community accepts such proposals, the chain can be started immediately and automatically inherits the security of the Cosmos hub.

Always remember to diversify assets; For this reason, we have provided three tokens that have the potential to generate good returns over the long term. Learn more about the Calyx ecosystem and its features using the links shared below.

Learn more about the Calyx token here:






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