The cryptocurrency industry, as innovative and ingenious as it is, still has a ways to go before it achieves mainstream adoption. Several obstacles are currently standing in the industry’s way, such as scalability and interoperability. Interoperability is necessary to enable blockchain networks to communicate and interact with one another, an activity that is not yet achievable without the help of cross-chain bridges.
Blockchain bridges or cross-chain bridges enable the transfer of native tokens and
information between blockchain networks. They also allow decentralized applications (dApps) to access the strengths of different blockchains, which boost their capabilities and provide users with access to new platforms and services, allowing them to leverage various chains and their benefits. There is no denying that blockchain bridges are necessary for the industry’s growth.
It is for this reason that the Supontis Token (PON) is stirring excitement within the cryptocurrency industry. Native to the Supontis platform, an upcoming crypto platform that will facilitate the cross-chain transfer of assets between blockchain networks, Supontis Token’s (PON) potential lies in its real-life application and use cases. This makes the token valuable and relevant and a suitable long-term cryptocurrency investment in the ongoing bear market.
This piece compares Supontis Token (PON) to cryptocurrency industry-leading altcoin, Solana (SOL). Here’s everything you need to know about both altcoins.
The SOL token is the native cryptocurrency of Solana, a highly active open-source project that utilizes blockchain technology to provide Decentralized Finance (De-Fi) solutions. The Solana (SOL) platform is the ideal environment for creating Decentralized Applications (dApps). It provides improved scalability through its innovative hybrid consensus mechanism. The Solana (SOL) platform’s speed and performance make it suitable for both small-time users and enterprise customers alike. Solana (SOL) is also notable for incredibly short processing times and decreased validation times for transaction and smart contract execution.
SOL is a token of choice within the cryptocurrency industry for crypto-related activities such as trading and fee payments. With a live market cap of $12,111,524,876 and a circulating supply of 345,893,303 SOL coins, SOL is one of the most prominent tokens in the cryptocurrency industry. It is available on a host of crypto platforms, including Binance, FTX, Bilaxy, Coinbase and Huobi Global.
Supontis Token (PON)
Supontis Token (PON) is the native cryptocurrency of Supontis, an upcoming crypto platform running on the Binance Smart Chain (BSC) that seeks to enable the cross-chain transfer of crypto assets across multiple blockchain networks such as Ethereum (ETH), Binance Smart Chain (BSC), Tron (TRX) and Fantom (FTM). Supontis Token (PON) plays an integral role in the platform’s operation and its ecosystem, facilitating activities such as transaction fees and staking. Additionally, the token grants membership into the Supontis DAO and a say in how the platform is run and its future.
With its real-life application and use cases, Supontis Token (PON) could become a valuable asset in the industry, making it ideal for long-term cryptocurrency investment in the bear market. The token goes on presale soon and will reward early investors with attractive incentives and bonuses. One such incentive is the 6% additional token bonus that comes with purchasing Supontis Token (PON) in the first stage of its presale. See more information on Supontis here.
Supontis Token (SUP)
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