The Lofi network is an innovative project that has recently caused a lot of buzz in the market. Like Arealeum, it currently ranks high. The company plans to start the next stage of its initial coin offering. LOFI is the native utility token of the platform, which is very popular among investors. They snatched up the LOFI tokens when the team launched the ICO on August 26, 2022. At the time, this BEP coin was trading at $0.005 per LOFI. However, the company allocated only 19% of the total supply (10,000,000,000 tokens) on that occasion. Since then, users have been waiting for the second stage of LOFI ICO.
The team members built this platform on the Ethereum blockchain. While the latter has many advantages, the Lofi protocol has different aspirations and values. He brings innovative ideas and believes that his project could change the Defi world. For example, most platforms are limited to a blockchain these days. That means if you build your product on Ethereum, you may not be able to move it on Solana or some other chain. While there are enough similarities to make trade or exchange possible in some cases, more often than not, that is not the case.
The Lofi team looked at this issue and decided to offer a workaround. After all, users shouldn’t be limited to one chain when they can benefit from several. Therefore, the company is working to build an innovative platform that is compatible with various environments. The team named this new project Chain Bridge technology. You will be able to configure the network according to its value, opening up new possibilities.
How will the LOFI Chain Bridge work?
The company used Ethereum’s ERC-20 protocol to launch Chain Bridge. However, the team noted that while this blockchain is great for creating DApps, it lacks programming ability. Also, ETH has quite high transaction fees, which is another drawback.
The Lofi project aims to improve the inflexible transaction environment that currently makes trading so tedious for most merchants. The company also developed a new type of blockchain that works in parallel with ETH. The latter allows users to enjoy better smart contract functionality. Also, this chain is compatible with the Ethereum Virtual Machine (also called EVM).
Furthermore, the team stated that Lofi is not a typical Layer 2 or off-chain scaling solution. It will be an independent blockchain. The other advantage of Lofi is that it can work offline. This chain will have advanced tools. It will also be compatible with dApps from the Ethereum ecosystem. Also, the team designed Lofi in such a way that it works with other applications like MetaMask. Overall, this project offers great features. Hence the interest of investors in it.
The Arealeum ICO is also in vogue. Why that?
Arealeum is a new blockchain ecosystem. You run self-reinforcing investment cycles and the process continues endlessly. The company incorporated innovative cycle-based technology to create its platform. According to the team, the latter’s system is based on specific algorithmic rules. The team predefined these rules in a set of contracts that are publicly available. Arealeum wants to offer absolute transparency to its investors and clients. Therefore, all information about the project is available for users to see.
In addition, the company created the utility token of the platform: ARE. The team based it on the Ethereum platform, using the ERC20 standard. Arealeum is currently trending on various ICO trading platforms. Its pre-sale will start on April 16, 2023 and end on July 15, 2023. Token holders will have many benefits. For example, they can vote on the future development of the Arealeum ecosystem.
The total supply of Arealeum tokens is 3,050,000,000, but only a percentage will be available for ICO purchase at this stage. The platform will accept ETH, BTC, USD, and EUR in exchange for their native currencies. Arealeum has a unique approach and an experienced team. It will allow clients to buy and sell various tokens. On the other hand, these tokens often represent shares in promising startups. Thus, when clients buy the tokens, they become investors in high-potential projects.
That’s an easy way to generate additional income, especially if you have enough funds to buy a substantial stake. However, there is no need to invest all your money in a single project. Diversification is always a good strategy. In this way, you are relatively insured against the risks associated with each investment.
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