Supontis, Chainlink, and Monacoin to Advance the Blockchain Networking in the Crypto Space

Cryptocurrency is changing the world’s economy, which may be the most significant change in forthcoming years. It is the most suitable choice for numerous business requirements like online investment, exchange, tokenization, etc.

Most cryptocurrencies are built on different blockchains. Hence there is a need for communication between these technologies. Bridges have been created in the crypto space. They are known as blockchain bridges.

Blockchain bridges work in the same way bridges in real life. They connect different blockchains and enable easy communication between them. They can also expose users to lower transaction fees and allow developers from various blockchain networks to collaborate on projects. One of the latest blockchain bridges is Supontis.

 

What is Supontis?

Supontis, as a word, is derived from the English word Super and a Latin word, Pontis, which means bridge. This means super bridge.

In the crypto market, supontis Token (PON), a new cryptocurrency, is slowly gaining popularity. Its native currency is PON and will be used for many functions, including staking and as a DAO governance mechanism.

The supontis platform, based on the Binance Smart Chain, paves the door for seamless cryptocurrency exchange. The token allows asset transfer between the blockchain systems of Binance, Ethereum, Tron, and Fathom.

 

How does it work?

Supontis works as a bridge for transferring

assets between blockchains. When an asset transfer is initiated, the mechanism locks the assets in the initial chain and creates an equal amount of wrapped assets in the blockchain end location. During the transfer through the bridge, assets are not moved or sent anywhere. The mechanism instead uses a smart contract to execute the transfer request in a two-step process.

 

Supontis Ecosystem

The Supontis ecosystem, run with its native token $PON, will feature a staking

component, and will function with a decentralized autonomous organization (DAO) interface for its governance.

 

Staking with Supontis

With a proof of stake (POS) consensus mechanism, staking is possible, enabling users to support a network’s integrity while earning some extra cash.  The proof of stake mechanism in component locks tokens in some blockchains and pledges those tokens to issue wrapped tokens in other blockchains.

 

Supontis Decentralized Autonomous Organization.

Supontis doesn’t operate on centralized structures. It is a community-driven DAO, and the community makes governance decisions. Supontis uses a decentralized autonomous organization (DAO) which means that users have the power to make operational decisions and future proposals for the platform.

 

Supontis Token

The native utility token of the ecosystem, $PON is a BEP20 token built on BNB SmartChain, which can be used to pay transaction fees. Holding this token gives users access to governance rights in the ecosystem. Token holders can vote on proposals in the Supontis DAO.

 

Chainlink

Chainlink is an oracle network and a decentralized blockchain built on Ethereum. ChainLink pursues accelerating blockchain payment of beneficial smart contracts through a simple and impenetrable right of entry to vital off-chain blockchain.

LINK is the native token of the platform. Users can pay Chainlink node operators for the usage of LINK tokens. The token is used to finance the platform’s increase and furnish an incentive to users to create extra tokens. Staking in Chainlink involves nodes, or network members, depositing liquidity in the shape of LINK tokens.

 

Monacoin

In 2013, Monacoin was created as a hard fork from Litecoin. It does not make use of the Scrypt algorithm like Litecoin. Instead, it implements SegWit in its blockchain. MonaCoin, or MONA, is a digital currency used mainly in Japan. It was configured as a payment network for peer-to-peer transactions.

MonaCoin is frequently used through third-party mobile applications to pay tips, such as in online games, and as a payment by some Japanese stores, including online and brick-and-mortar shops.

 

For more information on Supontis;

Join presale: https://register.supontis.com/register

Website: https://supontis.com/

Telegram: https://t.me/SupontisTokenOfficial

Twitter: https://twitter.com/Supontis_Token

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