by Analytics Insight
March 30, 2022
Logarithmic Finance is a secure cryptocurrency that offers a cross-chain environment
New cryptocurrencies are being released all the time. CoinMarketCap, the leading listings platform, has over 18000 cryptocurrencies on its site. One new project that has been the talking point of many a forum in the crypto-sphere is Logarithmic Finance (LOG).
What Is Logarithmic Finance (LOG)?
Logarithmic Finance (LOG) is a layer 3 swapping protocol that has been designed to connect innovators and investors easily and seamlessly. LOG is a secure cryptocurrency that offers a cross-chain environment in which funds can be raised on the blockchain of the user’s choice. These chains include Ethereum (ETH), BNB Chain (BNB), Polygon (MATIC), Avalanche (AVAX), Tezos (XTZ), and Solana (SOL).
The developers behind Logarithmic Finance (LOG) have taken steps to prove their concept. They are now being audited by Certik, a leading blockchain security startup that uses artificial intelligence to monitor and secure blockchain protocols and smart contracts. Certik’s objective is to protect the cyber world, and this audit will undoubtedly boost the confidence of potential investors.
Anyone can access the audit by searching for Logarithmic Finance (LOG) on Certik’s website.
When it comes to tokenomics, the team are open and transparent; in a quote taken directly from their white paper: “The maximum token supply for $LOG is 100 million, however only 50 million $LOG tokens shall be offered for the sale.”
Is Logarithmic Finance (LOG) a Rug Pull?
Logarithmic Finance (LOG) is not a fraudulent cryptocurrency. It’s highly unlikely that LOG is a rug pull coin because it’s being audited by Certik, a company known for assuring blockchain security. In the world of cryptocurrency, determining what is authentic and what is not may be tough. Even Dogecoin was called a scam for years before becoming one of the world’s most popular cryptocurrencies. Certik is our best bet for determining whether the project is genuine.
Investing in any cryptocurrency is risky by its nature, and regulations could put even the largest coins in jeopardy, so investors should proceed with caution.
Logarithmic Finance (LOG) is unlikely to be a rug pull because, as previously indicated, it is being audited by Certik. They will examine the project’s smart contract (which dictates how a cryptocurrency operates). A rug pull is incredibly unlikely if LOG’s smart contract is valid. Buyers should proceed with caution, as previously stated. Unfortunately, because cryptocurrencies are unregulated, there are often risks.
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