Crypto winter is a period of sustained low prices in the cryptocurrency market. After the Luna stablecoin crash, the following round of liquidations sent the market into a frenzy. Capital preservation is a priority for them as investors try to find their footing after price shocks. On the other hand, investors may decide to buy strong crypto tokens that are trading at a discount. Buying tokens during the crypto winter can be risky, so investors are advised to conduct thorough investment research. This research process involves finding small cap projects currently trading below their value and buying their tokens. Additionally, you will need to check the tokenomics, use case, and fundamentals of the project to determine if it is a good project.
Polkadot (DOT), Solana (SOL), and GryffinDAO (GDAO) are three crypto tokens you should watch out for this crypto winter. As solid projects, they have the fundamentals, use cases, and tokenomics to support their projects. Also, they are currently trading at a discount, making them ripe for purchase. Want to know more about these projects? Here is an overview of each crypto token.
Polkadot (DOT) is a multi-chain protocol built to connect and secure blockchains in the crypto ecosystem. It facilitates the transfer of data across blockchains and enables full interoperability. Additionally, Polkadot supports full transfer of all blockchain data and assets between chains, and it is not limited to tokens. All digital assets and data that are transferred seamlessly through the Polkadot network are secure, and there is no data loss in the process. Polkadot wants to be the infrastructure layer of the decentralized and new Internet – Web3.
Polkadot is a meta-protocol (also known as Layer Zero Protocol) that links various Layer 1 blockchains together. The Polkadot protocol updates its codebase without creating forks, based on votes passed by its community. Also, DOT is the native token of the protocol and it performs various functions within it. Polkadot will change the way builders and users approach interoperability, with the goal of creating a new standard for transferring assets between chains.
Solana (SOL) is a layer 1 blockchain launched in 2020 by the Solana Foundation. The project was conceived in 2017 and was designed to be a fast, cheap and scalable blockchain with a larger block size. The Solana blockchain is suitable for the development of DeFi projects and smart contracts, which makes it attractive for developers. Additionally, Solana can also host dApps (decentralized applications) that developers can build on its blockchain. Solana is a blockchain developed as a solution to issues affecting other Layer 1s of the crypto ecosystem.
Solana uses a Proof of History (PoH) consensus mechanism which is a derivative of the Proof of Stake (PoS) consensus mechanism.
SOL is the Solana blockchain utility, and it is used to validate transactions and staking to secure the network. The Solana blockchain is a developer-friendly environment that gives developers the tools to build and scale their projects.
GryffinDAO (GDAO) is a decentralized exchange that will provide a stable network for crypto developers using its DAO. The GryffinDAO project will use state-of-the-art technology to create a fully decentralized platform for its users.
The GryffinDAO is built on the Binance Smart Chain (BSC), and the GDAO token uses the BEP-20 token standard. GryffinDAO is compatible with the Ethereum Virtual Machine (EVM), which makes it attractive for crypto developers. The platform is an alternative to traditional transaction and financial institution models as it uses blockchain-powered solutions.
GryffinDAO plans to reduce fees, increase throughput, and create a decentralized system for open transactions on the blockchain. Also, the network will allow transparent and permissionless transactions with very low fees. Join the ongoing presale today and get bonuses with every purchase. Buying the GDAO token using ETH gives you an 8% bonus while BNB and USDT (TRC-20) give you a 10% bonus and an 8% bonus respectively.