Since their introduction into the world’s monetary market, cryptocurrencies have given the market a lift and contributed to its main progress and growth. Outdated cryptocurrencies like Litecoin (LTC) and Polygon (MATIC) have supplied quite a lot of use circumstances by serving to to unravel real-world issues. Keninah Concord (KEN) is a brand new cryptocurrency that goals to unravel much more real-world issues by leveraging blockchain know-how to assist warfare 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 warfare victims from all over the world 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 totally 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 warfare victims healthful transparency and reliability, and be certain that the warfare recipients get immediate supply of donations.
The Keninah Harmony (KEN) community additionally intends to realize simplicity and accessibility by making its platform consumer and eco-friendly by offering options corresponding 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 can happen in every section are as follows:
- Section 1:
- Core crew formation.
- Web site launch.
- First token occasion.
- Section 2:
- MVP Launch.
- Second token providing with a totally useful product.
- Beta Model launch.
- Itemizing on exchanges.
- Enlargement of crew.
- Closing product rollout.
Extra details about the Keninah Harmony (KEN) roadmap could 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 at the moment. The KEN token shall be constructed round good contracts and supported by the Binance Sensible Chain (BSC).
The KEN token could have a complete most provide of 5 billion tokens which shall be allotted as follows:
- 5% of the overall provide shall 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 overall token provide shall be offered through the token’s non-public sale.
- 20% of the overall provide shall be provided 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) group.
- 10% shall be allotted to the advertising crew 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 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 generally known as 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 part of the Polygon (MATIC) community that helps the constructing and growth 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 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 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 allows the comparatively simple execution and working of scalable and autonomous decentralized good contracts.
The Polygon (MATIC) crew is targeted on creating new options that shall be constructed round this hybrid Plasma-PoS mechanism to broaden and increase the community’s skill to cater to various wants from the Polygon (MATIC) ecosystem. The crew may even guarantee to develop the Plasma-PoS know-how in order that it may result in the expansion of a bigger ecosystem by means of its scalability.
As a result of 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 aspect chains. These transactions happen with a decent 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 customary token that’s constructed on the Ethereum (ETH) blockchain. The MATIC token has a hard and fast whole most provide of 10 billion tokens and this makes the token deflationary. The token serves numerous use circumstances however it’s primarily utilized by being burned as base charges on the Polygon (MATIC) community. Of the overall 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% 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 this planet behind Bitcoin (BTC). Though Bitcoin (BTC) affords quite a few advantages to its customers and the world’s monetary market as a complete, its community is stricken by a number of limitations together with however not restricted to gradual transaction speeds and costly transaction and fuel charges. Litecoin (LTC) then again 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 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 data here.