Delegated proof-of-stake is an innovative consensus mechanism designed to overcome several critical disadvantages of its progenitors: namely, proof of stake and proof of work. While the proof of work mechanism had its distinctive advantages, its efficiency and the environmental impact left much to be desired. The sheer volume of calculations necessary to convert, verify, and transfer cryptocurrencies created serious problems in terms of environmental pollution and crippled the potential for future innovations. Proof of stake emerged as a more affordable, efficient, and democracy-oriented solution. As for the delegated proof of work (DPoS) mechanism, it represents the next evolutionary stage of the already progressive scheme.

What Is Delegated Proof Of Stake
--------------------------------

Therefore, what is delegated proof of stake? In general, it functions very similarly to the traditional proof of stake mechanism albeit with a couple of significant changes, such as voting and delegation mechanics. Conceived in 2013 and presented in 2014 by Daniel Larimer (a famous American software developer), DPoS adds a new layer of security to the traditional PoS, while also maintaining a desirably low level of energy consumption. While proof of work protocols force users to complete numerous mathematical operations to validate transactions, PoS protocols employ validators. The chosen validators verify all transactions based on the number of coins they have managed to stake. All owners of the delegated proof of stake coins may vote for the chosen delegates, promoting their reputation within the network. Many experts remained rather skeptical about how will proof of stake work in comparison with the classic mechanism. Nonetheless, the switch from proof of work (PoW) to proof of stake (PoS) performed by the Ethereum blockchain provided reliable proof of its efficiency.

### Advantages of Delegated Proof of Stake

*   Higher scalability with decreased dependency on computing power and acceptable hardware;
*   Better protection from double-spending;
*   Higher network sustainabitly;
*   Increased financial inclusivity;
*   Democratic and decentralized relationships within a network;
*   Faster transactions;
*   Signigicantly lowered entry threshold;
*   Separation of block creation and election of block creators;
*   Flexible approach to new techniques.

### Shortcomings of Delegated Proof of Stake

*   Delegated proof of stake work systems may be dependent on the number of participants: notably decreased number of active witnesses may lower desired decentralization and create a foundation for the further shrinking of democratic governing functions;
*   Delegated proof of stake work networks require the constant engagement of the maximum possible number of participants; otherwise, the network may fail;
*   Increased risk of 51% attack;
*   Decreased significance of voters with a lower number of staked tokens creates problems regarding the declared democratic structure of a network and may lead to further centralization.

How Proof Of Stake Work
-----------------------

The best way to understand how does delegated proof of stake work, is to look closer at its crucial components. We already know that this network increases its security and efficiency by selecting some trustworthy members, which play the main role in block verification. The actual process is more sophisticated and involves validators, delegates, voting, and witnesses.

### Voting

Although each network uses its unique voting techniques, there are two main groups of voting methods:

1.  Participants may vote directly;
2.  Participants may delegate their votes to other members of the network.

Participants vote for certain nodes, which obtain the role of witnesses. These blocks are responsible for the validation of transactions and the creation of new blocks. Each time the witnesses finish validating all transactions in one block, they receive rewards, which are also shared with their voters. If a particular witness fails to complete all verification processes within a specified period, they obtain no reward.

### Delegates

In a delegated proof of stake system, delegates are considered responsible for all governing and maintaining functions. The delegates are chosen based on the voting procedure in which all users may participate. Furthermore, delegates obtain certain privileges, which allow them to introduce major changes. For instance, delegates may propose various modifications, changing the block size or the share of rewards for successful verification. Once delegates put forward their propositions, blockchain users may vote to decide whether the offered changes are worth implementing.

### Witnesses

The main role of witnesses is to secure and validate the blockchain. Interestingly enough, virtually anyone may become a witness: you do not even have to possess any cryptocurrency to participate in a blockchain as a witness. The total number of witnesses depends on the size of the network. In general, a blockchain network hosts 21-101 witnesses. Records of all successful transactions performed by witnesses are recorded in the ledger. The main resource of any witness is their reputation: users vote continually and it is possible to exclude a witness from a network if users suspect that something fishy is going on or find a witness with a better reputation.

### Block validators

Validators make sure that all newly created blocks comply with consensus rules. As always, considering how proof of stake work, validators are selected among all users in a democratic procedure. Users chosen as new block validators should run a validator node to provide reliable verification within the system.

Final Words
-----------

The delegated proof of stake technology provides a much more reliable and effective alternative as opposed to the robust yet obsolete proof of work consensus mechanism. Among its main benefits, we find increased energy efficiency, better security, improved flexibility, and higher transaction speed. The last point deserves emphasis: delegated proof of work systems function with greater speed. For instance, let us look closer at a delegated proof of stake example. An average transaction in the TRON blockchain, which is based on the DPoS mechanism, lasts no longer than a minute. On the contrary, to swap coins within the PoS-based USD Coin blockchain one has to wait at least five minutes. Therefore, considering that faster transactions and reliable security along with decreased energy consumption have already become matters of top-tier priority, DPoS systems have all the chances to outrace the opponents and provide a leading solution for the cryptocurrency market.

Frame 482953.png

The following article offers you a brief yet detailed description of the consensus mechanism known as delegated proof of work

How does delegated proof of stake work?

The delegated proof of stake technology provides a much more reliable and effective alternative as opposed to the robust yet obsolete proof of work consensus mechanism.

While today’s world has stepped way past the advent of cryptocurrencies, the rest of the technological capabilities of blockchain increasingly often attract businesses from small to corporate. Among many improvements, blockchain tech brings in augmented transparency and integrity of data—the potential from which supply chains of all levels can benefit. Another area of application involves minting and marketing NFTs; these are extensively used as a basis for promotional and loyalty programs suitable both for corporate workers and customers. Of course, the potential of making the most from the tech directly depends on what company uses blockchain. While it is clear that financial institutions enjoy the advantage, companies in other sectors may surprise you with how well their interests merge with decentratech applications. And everyone can refer to stats on an exchange platform like Exolix to witness the high demand investors create for certain currencies after they make an appearance in collaborative business projects. But what are the major names in this ever-growing group of top companies that use blockchain? Read on to learn more.

Most Influential Companies that Use Blockchain
----------------------------------------------

### FedEx

Easily the leading player in the area worldwide logistics, FedEx processes amounts of cargo worth billions of dollars on yearly basis. Considering the nearly bottomless depth to their management architecture, it’s all the more impressive how they have made good implementing decentralized capabilities corporation-wide. Nowadays, the FedEx supply chain is being tested and further developed in track precious cargo, with a view to extending it functionally to cover the entirety of shipments. Furthermore, they are also known for influencing the blockchain industry standards by providing valuable real-world application data and system evolution insights.

### Bank of America

In the field of big companies that use blockchain, BofA has long become an essential player providing private and business clients with a payment platform and blockchain know-how on the global scale. This institution is deeply involved in ameliorating and re-working the landscape of digital currencies, making it possible for game-changing investments to find their bearings in the unstable sea of whimsical rates and sky-rocketing assets. BofA has patented hundreds of items on blockchain, and even though the bank itself does not deal in crypto due to the crypto regulations, they pose as strong advocates of Bitcoin and the kind. According to their CEO, the chain generates real cash flows by:

*   collecting fees,
*   validating network transactions, and
*   enabling NFT sales/purchases,

...which certainly won’t go anywhere in the near future.

### Mastercard

As many of you know, back in 2018, Mastercard has won the third place in the global ranking of enterprise blockchain patents with their impressive portfolio of 80 patent filings. To date, this giant of a payment system remains one of the most progressive innovators in employing decentralized subnets that allow funneling data from multiple blocks in the chain. Subnets will organize large networks in smart nimble chunks. This will enable processing and storage of virtually any amount of data without having to follow standardization practices.

### IBM

Another emerging giant in the decentratech space is IBM, who is greatly invested in supplying blockchain-based solutions to commercial enterprises. Their Hyperledger Creator is a mighty implement that enables organization with the capacities to install their own system operating on smart contracts. This technological cooperation spreads far and wide, powering up the logistics, cost handling, and internal management efficiency of many multinational companies, including networks of hypermarkets like Walmart and financial powerhouses like CaixaBank. In what come to their contribution to Walmart, IBM’s software has already reshaped the supply chain, improving the control over contaminants and sanitary processes.

### Siemens

One of the sectors relying heavily on blockchains is, unsurprisingly, energetics. What has initially grown to be a major consumer of the world’s energy resources, is now helping us to save and optimize the usage, and few companies know more about this than Siemens. They are a great example of what companies use blockchain technology for: sustainable power generation, shift to green energy, responsible consumption.

### Carrefour

No area of human activity is as sensitive to timely deliveries and proper handling as food production, and blockchain is here to save your bacon. Carrefour makes top 3 of food makers that pride themselves on being technologically savvy enough to implement decentralized networks in tracking their produce. When it comes to what you serve to your dinner table, nothing quite beats freshness, and that is why many customers are willing to place trust in Carrefour. Thanks to blockchain, all of their clients are now able to scan a QR code and learn about the date and place of harvesting, risk of pesticide content, nutritious value, etc.

### Ford

Ford is famous for pioneering many cool gizmos, with decentratech making no exception. In fact, IBM is one of their major companions, as the two of them hope to improve tracking raw manufacture materials (e.g. cobalt) directly from sources. This pursuit is meant to ensure the highest quality supplies, and the automobile concern strives to implement ledgers for maintaining spotless logistics.

### Coinbase

Surely, we all expect to find a cryptocurrency exchange among companies that use blockchain technology, but Coinbase is more than just that. Being an unrivaled web resource where hundreds of millions of users convert their assets, this company went a step further in transparency and sefaty when in 2021 it turned public. Similarly to Exolix that allows users to swap a profound assortment of coins at competitive rates, Coinbase provides that and much more, including a personalized debit card and a variety of crypto wallets.

### Pfizer

Considering their unsurpassed knack in handling digital inventories, blockchains come as real tugboats for any such huge organization as Pfizer. With millions of biomedical records and pharmaceutical product entries on board, all the flagships in the industry, such as AstraZeneca, Merck, and GlaxoSmithKline, should join Pfizer in their decentralized ventures, if they already haven’t done so.

### L'Oréal

Just on the beginning of this summer, L'Oréal proclaimed partnership with certain blockchain developer teams of no small importance. The Sandbox metaverse and POC are well known for their effort to diversify Web3—and this alliance with the cosmetics industry leader is meant to enrich the modern interactive space of Internet with a set of avatars. These will represent characters of different ethnicity, sexual orientation, and gender, and undoubtedly earn their place in the top-tier NFT market.

Frame 482954.png

TOP 10 Major Companies that Use Blockchain Technology in 2022

What are the major names in this ever-growing group of top companies that use blockchain? Read on to learn more.

While there are a lot of go-to options in the niche of cryptocurrency, investing in a token with great chances of making a huge impact in the next couple of years can be considered ideal. Over time, the crypto market had seen an influx of token projects which could not likely last for long; usually due to bad planning, low market volume, and most importantly a lack of competitors' research studies. 

A cryptocurrency enthusiast, Billy Markus, once expressed dissatisfaction on his Twitter timeline saying, "One of the biggest regrets I ever had is investing in such coins. Such a manipulative token should not be allowed to be listed on a reputable exchange like Exolix." Well, his remark generated a lot of comments, with mixed feelings, and predominantly investors took it as an opportunity to express their grudges as regards the project. That shows how the crypto market is becoming saturated and encroached with all sorts of beings: both those with noble and treacherous intentions

![shutterstock_1408270367.jpg](https://blog.exolix.com/uploads/shutterstock_1408270367_b6a052393c.jpg)

As for Dent, a coin that serves as the native utility token of the Dent Network, seasoned feasibility studies, and long-term technical analysis have helped to affirm the sustainability of this project, especially in the coming years. Usually, the peculiarity of this coin revolves around the manner of exchange, and contrary to the conventional means of transactions known for most tokens: Dent allows mobile network users on the Dent network to convert unused mobile data to other crypto assets. 

Dent Coin Price Prediction
--------------------------

The major concern of every investor is not the extent to which a token is thriving momentarily, instead, most are concerned on the possible future of such a token and what its position will likely be in the crypto market in the years to come. However, like life, the crypto market appears to resemble a rollercoaster, where sometimes you are up, and the next moment you're down. 

To avoid being a victim of unstable coins, a detailed foresight of such a coin to be invested in is a prerequisite. As mentioned earlier, technical experts have painstakingly carried out a substantive long-term analysis of the Dent token, and as well have drawn a prediction on what the future of the token is likely to be in the next couple of years. Let's see what the future of Dent coin holds.

![app_0.2-1920w.png](https://blog.exolix.com/uploads/app_0_2_1920w_aca29721c0.png)

  

Dent Coin Price Prediction 2023
-------------------------------

For the year 2023, the inference drawn by technical analysts studying the Dent coin projects the token price to experience a spike to as high as $0.0036. Recall, the current market value of Dent coin is estimated at $0.0011. The projection foresees a rise in the market value of the Dent coin in the first quarter of the year to about $0.0036. The third quarter might come in with a bearish experience in the crypto market which could have caused the coin to fall to as low as $0.0018. The estimated average value for the year is projected to be a total value of $0.0027


Dent Coin Price Prediction 2025
-------------------------------

The Dent price prediction for the year 2025, projects the Dent coin attaining as high as a $0.0048 maximum price level. There is a likelihood of the coin dropping at some instances in the year to a minimum price level of about $0.0039. While the average DENT price is estimated to be around $0.0040 throughout the year.

![DENT_3M_graph_coinmarketcap-1.png](https://blog.exolix.com/uploads/DENT_3_M_graph_coinmarketcap_1_daf2b82278.png)

Dent Coin Price Prediction 2030
-------------------------------

By the end of the year 2030, the Dent coin is expected to have experienced massive growth in terms of market volume, as the prediction suggests the Dent coin to have attained a maximum price level of $0.010. With more technological advancement in the mobile network sector, Dent presumes more complications and high demand for use of data to play out, which will, in turn, affect the extent to which unused mobile data will be transacted through platforms such as the Dent Network. For the minimum price level, the projection is set to $0.0086. And for the average, the Dent price is expected to have a value of $0.0093 throughout the year. 

With the summarized insight as to the likely expectations and predictions on the future of the Dent coin in subsequent years. It is equally important to address frequently asked questions that often arise when Dent coin is mentioned. Among these are:

Frame 483300.png

The Dent price prediction for the year 2025, projects the Dent coin attaining as high as a $0.0048 maximum price level. 

Dent (DENT) Coin: Price Prediction 2023 — 2030

By the end of the year 2030, the Dent coin is expected to have experienced massive growth in terms of market volume, as the prediction suggests the Dent coin to have attained a maximum price level of $0.010

If you’re new to cryptocurrency, you may find the idea of trading to be pretty intimidating. After all, it involves purchasing and selling cryptocurrencies on exchanges, and it can look like an incredibly complex process. 

But don’t worry — there are many ways to get involved in crypto trading without having to break out your spreadsheet or calculator every time you make a trade! 

In this comprehensive guide on how to make a trade on KuCoin, we’ll walk you through everything from choosing the right cryptocurrency exchange for your needs to leveraging advanced trading tools once you get the hang of things. Let’s dive in!

About KuCoin
------------

The [cryptocurrency exchange, KuCoin,](https://www.kucoin.com/) was created in 2017 and has since grown into one of the most popular exchanges worldwide with over $100m worth of transactions every day and over 500 cryptocurrencies available to trade. 

With so many options to trade, it can be hard to choose where to start or how to execute your first trade on the platform. 

![LZSELSL6LBEKHHIQOE6R62XNDM.jpg](https://blog.exolix.com/uploads/LZSELSL_6_LBEKHHIQOE_6_R62_XNDM_42ecb46c37.jpg)

You’ll find that this comprehensive guide on how to trade on KuCoin will help you with everything from setting up your account and navigating the interface to finding the best trading opportunities based on the current market trends

Creating an Account
-------------------

KuCoin is an international cryptocurrency exchange. To create an account, complete the following steps: 

1.  Go to the homepage and click on Sign Up in the top right corner. 
    
2.  On this page, you will be asked for your email address and password. 
    
3.  Next, you will need to verify your email address by clicking the link that is sent to your inbox. 
    
4.  Then, choose a strong password (including upper and lowercase letters, numbers, and special characters) for your account. 
    
5.  You should also set up two-factor authentication using Google Authenticator or SMS. 
    
6.  Lastly, read the terms of use and agree to them before proceeding. 
    

Now you can log into your account!

Depositing Funds
----------------

The next step is depositing funds from your wallet. This can be done by following a few simple steps: 

1.  Click the Deposit button in the navigation bar, which will bring you to the deposit page
    
2.  Select the cryptocurrency of your choice and enter the amount you want to deposit
    
3.  Click Confirm 
    
4.  After confirming, your funds will arrive in your account in less than 30 minutes
    

KuCoin wallets are very secure, so you don’t have to worry about the security of your funds in the app, as long as you do not provide your login credentials to someone else. 

Buying Cryptocurrency
---------------------

There are several ways that you can buy cryptocurrency on KuCoin:

*   The first way is to use your bank account or debit card. This option takes one or two days to complete and requires verification of your identity, as well as some sensitive information like your social security number. KuCoin accepts Visa, Mastercard and fiat currencies. 
    
*   The second option is a P2P (Peer-to-peer) transaction which involves purchasing fiat currency via local bank transfer. This also takes just a few minutes and requires verification of identity. 
    
*   The third and most direct way is through the use of Bitcoin. If you have any Bitcoin, then all you need to do is send them to the address of the cryptocurrency you want to purchase. From there, you will be given an address where you should deposit money in order to complete the transaction. You will then receive your coins once they are transferred back to your wallet.
    
*   You can also buy crypto on KuCoin via third parties; for example, Banxa, Simplex and BTC Direct. 

![KuCoin_1650372593.jpg](https://blog.exolix.com/uploads/Ku_Coin_1650372593_533b4f6f64.jpg)
    

Selling Cryptocurrency
----------------------

If you're looking for a way to buy cryptocurrency, you've come to the right place. We'll take you through step-by-step instructions on how you can start investing in digital currency today. 

1.  Click the Buy/Sell tab at the top of this page. 
    
2.  Select whether you want to buy or sell BTC or ETH using your credit card, debit card, or PayPal account. 
    
3.  Fill out all necessary fields including your phone number (in case we need to contact you), name, email address, bank account number (if buying cryptocurrency with a bank transfer), and the amount of coins you would like to purchase. 
    
4.  After submitting your details click Next and review everything before proceeding. 
    
5.  On the following screen click Confirm Order. 
    

Congratulations! You have just sold crypto on KuCoin!

How to Trade on KuCoin Exchange 
--------------------------------

KuCoin is an international digital exchange that provides various cryptocurrency trading pairs. If you want to trade on the platform, there are some things you need to do before you can start. 

First, you must create an account and verify your email address by clicking the verification link in your email. 

Second, you will need to complete know-your-customer (KYC) requirements so that KuCoin can determine if they are allowed to provide services in your country. 

Once you have completed the KYC process, KuCoin will not ask again unless they suspect something fishy is going on with your account i.e., if you are in violation of the platform’s terms and agreements or there is any illegal activity going on. 

Withdrawing Cryptocurrency
--------------------------

To withdraw cryptocurrency, you will need the address of the coin you want to withdraw. This is typically found in your wallet where you store your cryptocurrency. Once you have the address, go back to KuCoin and click withdrawal under Balance. 

The screen that pops up should have a button that says Withdrawal Address and then there should be an input box for the address of your wallet. Enter this information into the input box and hit send! 

Conclusion
----------

When you’re looking to make a trade on the KuCoin cryptocurrency exchange, there are quite a few things you need to consider and prepare for before doing so. 

This step-by-step guide l walks you through the process from beginning to end, so you can buy, sell and trade cryptocurrencies like Bitcoin and Ethereum with ease and confidence.

How-to-Make-a-Trade-on-KuCoin_1000.png

When you’re looking to make a trade on the KuCoin cryptocurrency exchange, there are quite a few things you need to consider and prepare for before doing so. 

How to Make a Trade on KuCoin?

This step-by-step guide l walks you through the process from beginning to end, so you can buy, sell and trade cryptocurrencies like Bitcoin and Ethereum with ease and confidence.

How to Make a Trade on KuCoin - A Comprehensive Guide

Codebeautify.org Text to HTML Converter

When it comes to any cryptocurrency, there are several questions people always ask. They are interested in how and where to buy it, how to store it, whether it is safe, and how to earn with this crypto. Today we focus on XYM tokens and get the answers to all these questions, including how to buy XYM tokens.

What is XYM
-----------

XYM is an abbreviation for Symbol, a native token for the Symbol blockchain platform. The token is mostly used to pay transactions in the Symbol blockchain platform. Initially, XYM tokens were distributed among all NEM holders as an airdrop when the Symbol blockchain was launched. Now XYM tokens can be sold or purchased as any token on the PoS protocol. Using a unique feature known as Delegated Harvesting, XYM holders can use it in an unusual way. They can delegate their coin to the node and receive block rewards.

What is a Symbol Blockchain Platform?
-------------------------------------

The symbol blockchain platform is a new project by NEM group. The symbol was launched in March 2021 to provide blockchain capacitates for enterprise-level businesses. Symbol owners declare their platform should open opportunities for various business ideas with comfortable terms of use and a reasonable price. The difference between Symbol and other blockchain platforms for business is that the Symbol team wants to increase business opacity and trust using blockchain technologies. They declare Symbol as the platform that can be a good choice for enterprises, small and medium businesses, and individuals.

![Untitled.jpg](https://blog.exolix.com/uploads/Untitled_11ee1ddc1e.jpg)

What is the NEM Group?
----------------------

NEM group is a team of scientists, mathematicians and developers, who have created several interesting blockchain projects. For example, in 2015 they launched the NEM platform – a new blockchain platform with many solutions for business. NEM group always focuses on the most prominent solutions available at the moment. For example, they promote the Proof of Interest protocol – the updated version of Proof of Stake.

How to Buy XYM
--------------

The purchase of every cryptocurrency starts with the choice of a platform. Search for the platforms that support XYM (Symbol). Be careful while choosing a platform. As with every financial market, the crypto market is full of scammers who are looking for your money, or at least your personal data. Focus on trusted and reliable platforms with a good reputation and positive feedback from their users. When you find the platform, create an account. As a rule, you have to pass some security checks to get access to all available financial operations. The most frequent procedures are your email verification, your phone number and the Know-Your-Customer procedure. To buy XYM tokens, you should be a verified user on a reliable platform. So, it is necessary to invest your time and effort into the security procedures. Follow the instructions step by step until you get full access to your account and all financial operations. Then you have to replenish your account on the chosen platform. As a rule, to buy XYM you first have to buy some stablecoins using your bank card. Stablecoins are cryptocurrencies that are equal by purchasing power to the fiat currencies, i.e., USD and EUR. Make sure the stablecoins have landed on your account before starting to buy XYM. However, when you have it, you can buy XYM on the derivatives market. The last step before buying XYM is the creation of the wallet. Crypto platforms allow the creation of numerous wallets for different cryptocurrencies. Please remember you should send the crypto to the correct wallet, If you use the incorrect wallet, the transaction fails, and your money will be locked. So be careful at this stage. Ready. Now you can buy XYM on your chosen platform.

![img-01.png](https://blog.exolix.com/uploads/img_01_95cbd103f8.png)

How to Store XYM
----------------

If you learned how to buy XYM, you have already created a specialized wallet for XYM tokens. You can use this wallet for hot storage. It means your money is saved in the cloud, and you can access it via the chosen platform. For those who want to get a safer wallet, there are cold wallets. It means your money is saved on a flash drive or other physical device. You can get access to your money with the special software. And this type of wallet exists offline. If XYM is a Good Investment in 2022-2023? This week XYM is on the rise. For the last seven days its price has risen by 7.72%. Now the price is $0.0391 and the trend is positive. So, XYM (Symbol) can be a good investment in the short-term.

![symbol.jpg](https://blog.exolix.com/uploads/symbol_f76f338de4.jpg)

_Symbol-_1000.png

If you learned how to buy XYM, you have already created a specialized wallet for XYM tokens. You can use this wallet for hot storage. It means your money is saved in the cloud, and you can access it via the chosen platform. 

Where & How To Buy Symbol (XYM)? | Exolix

Today we focus on XYM tokens and get the answers to all these questions, including how to buy XYM tokens.

Where & How To Buy Symbol - Simple 2022-2023 XYM Buying Guide

Experts predict that the Samoyed coin (SAMO) can reach a cent, maybe even $1 in the coming years. It’s hard to say with the volatility of the crypto market, but this article will explore the idea of it being realistic or just wishful thinking. If you are considering buying into Samoyed coin, then there are several questions you’ll want to be answered before you do so—questions about its future viability as an investment and what factors influence the coin’s value. This guide will also attempt to answer these questions by examining various aspects of the currency and its underlying technology—its fundamentals, so to speak.

What Is a Samoyed Coin?
-----------------------

A Samoyed coin is a cryptocurrency that aims to be as transparent and decentralized as possible. There are many coins on the market, but most of them have the same flaws. They can be hacked, or they are centralized and don't allow for a truly democratic process. These coins have also failed to address the fundamental problem of true digital scarcity. Many of these coins will never reach $100 because there will always be more created. The goal with the Samoyed coin is to create a currency that people want to use and hold onto - not just try out. It is valuable, scarce, and useful. You can exchange cryptocurrencies on platforms like Exolix. Simply convert USD to SAMO; once your transaction is complete, you can store SAMO in your crypto wallet.

![samoarticle.jpg](https://blog.exolix.com/uploads/samoarticle_0e27cfbc28.jpg)

History of Samoyed
------------------

Samoyed was created in 2021 in honor of cryptocurrency tycoon Sam Bankman-Fried and Solana Co-Founder Anatoly Yakovenko during the growth of meme coins. SAMO changed from a "meme coin" to an experimental Web 3.0 community coin after seeing the possibilities of online networks, the benefits of Solana, and the impact meme coins have on bringing on new market players, promoting their underlying blockchain, and permeating contemporary culture. From its foundation, SAMO is a new digital commodity that supports a society focused on integrating Solana users, educating market participants, forming connections with one another, and assisting one another with daily tasks. Not only is it the fastest, most effective, and environmentally friendly form of dog money in the crypto industry, but it plans to be Solana's ambassador as well.

Can Samoyed Coin Reach A Penny?
-------------------------------

As of October 26th, 2022 (the time of writing for this article) the price of SAMO was $0.006565. Many analysts believe that SAMO can increase at significant rates in the future since it has not yet reached its full potential. Here are some of their opinions regarding SAMO's value in the coming years and whether it will reach a dollar or not.

![1*QFAioBwZW1odEVgi3DTR6A.jpeg](https://blog.exolix.com/uploads/1_QF_Aio_Bw_ZW_1od_E_Vgi3_DTR_6_A_e17e0cb342.jpeg)

### Wallet Investor

According to Wallet Investor, SAMO may soon surpass its previous record high. The platform predicts that SAMO might increase to $0.35 by the end of this year. In the long run, they forecast that SAMO's price might rise by more than 350% from where it is now and maybe even reach $0.90.

Digital Coin Price
------------------

Similar to Wallet Investor, Digital Coin Price believes SAMO will increase over time and approach $0.80. With this price and rising circulation, SAMO might quickly move up the top 50 market rankings.

![price-history-2-1-900x314.png](https://blog.exolix.com/uploads/price_history_2_1_900x314_066c5adbb1.png)

Can Samoyed Coin Reach A Dollar?
--------------------------------

It's interesting to note that SAMO started a 54% burn plan of the maximum supply to commemorate the beginning of the Solana summer since this occurred in July 2021. Intriguingly, every month on a random day, 500 million tokens are burned. That means that throughout the upcoming months, 500 million tokens will be burned on a spontaneous day each month, which is fascinating. Additionally, Samo is dipping his toes into the NFT trend, which is what has mostly made Solana successful. You can see that by working with Solana Art, Samoyed NFT, which has a poor back buyback and burn mechanism, SAMO continues to become a community-driven coin. The buyback and burn method though could lead to some scarcity for the Samoyed coin due to the popularity of NFTs, and that is the most intriguing aspect of the project in general outside of the well. On the Solana blockchain, it is the first meme dogecoin. The long-term value of Samoyed coin may rise, according to Coin Data Flow. They claim that the price movement of Bitcoin will have the biggest impact on the SAMO price in the future. According to the annual average growth rate for BTC, SAMO might increase to $30 if it experiences 100% of that growth. That is less guaranteed than it would be with a 20% gain in Bitcoin, however. With such expansion, SAMO may surpass $1 by 2025.

Can Samoyed Coin Reach $100?
----------------------------

Samoyed coin is also supported by Coinskid. According to their predictions, SAMO might increase to $0.40 by the end of 2022. In terms of the following five years, they predict that SAMO may approach $3. According to Priceprediction. net, SAMO will only reach $1 by 2026. Nevertheless, they estimate that SAMO might increase to $6 by 2030. Samoyed coin is thoroughly examined by YouTuber Tactical Investing, which also discusses how promising it is. He says that Somayed, which lives in the Solana habitat, might be the next Shiba Inu. This suggests that SAMO may soon rank among the top 50 websites. Tactical Investing argues that SAMO has the potential to surpass $1 and that traders may even drive its price up, but only to about $10 in the foreseeable future. Conclusion By compiling the predictions of experts together, it is clear that Samoyed (SAMO) crypto has great growth potential; however, it is not expected to reach $100, even in the long run. The crypto industry has become extremely saturated in the past five years, which could be a major reason limiting the growth of smaller cryptos like SAMO. Investors either stick to safer options like BTC and ETH or decide to diversify their portfolios. In the latter, they have so many options to choose from which means they buy less of each. Thus, the price of cryptos like SAMO remains low. With that in mind, it is still a viable option for investors because, unlike competitors, SAMO shows consistent upward projections which means that it is stable with few fluctuations in price.

Can-samoyed-.png

Can Samoyed Coin Reach A 0,1 or a Dollar? Or maybe SAMO can reach $100? For more information about SAMO price prediction - read our blog!

Сan Samoyed Coin Reach $1? | Exolix

If you are considering buying into Samoyed coin, then there are several questions you’ll want to be answered before you do so questions about its future viability as an investment and what factors influence the coin’s value

Сan Samoyed Coin Reach $1?

The Exolix cryptocurrency blog is dedicated to providing useful trading tips, guides. More guides, trading tips and latest crypto news.

Exolix Blog

How does delegated proof of stake work?

TOP 10 Major Companies that Use Blockchain Technology i...

Dent (DENT) Coin: Price Prediction 2023 — 2030

How to Make a Trade on KuCoin - A Comprehensive Guide

Where & How To Buy Symbol - Simple 2022-2023 XYM Buying...

Сan Samoyed Coin Reach $1?

Popular tags

Follow us