Why SUI profits are moving into Kelexo (KLXO) & why DOT holders have added it to their portfolio

The post Why SUI profits are moving into Kelexo (KLXO) & why DOT holders have added it to their portfolio appeared first on Coinpedia Fintech News

Sui (SUI) is a Layer-1 solution blockchain designed to make digital asset ownership fast and secure. With Sui (SUI), users are never worried about safety as the protocol is object-centric and enables parallel execution. Because assets are directly stored in the Sui (SUI) blockchain, they are not subjected to indexing.

Polkadot (DOT), on the other hand, is an open-source shared multichain protocol. Designed to provide support for a centralized web, Polkadot (DOT) can connect public and private chains. Polkadot (DOT) has one of the most sophisticated user-governance systems in the crypto economy.

These two protocols are community favourites. However, even though Sui (SUI) is making profits, its holders are moving into Kelexo (KLXO). It is also not unbelievable to see Polkadot (DOT) holders adding Kelexo (KLXOO to their portfolio. 

Sui (SUI) gains impressively for its holders

Sui (SUI) has gained about 3.67% market value in the last seven days. With a total market value of $1.7 billion, Sui (SUI) is ranked #42 by market capitalization. News has it that Sui (SUI) is gearing up for an impressive run in the first two weeks of February. Sui (SUI) is set to release 3.31% of its total supply into circulation. However, it is worth saying that Sui (SUI) has seen a drop in market activity. 

Polkadot (DOT) is not a coin for new investors

Ranked #13 by market capitalization, Polkadot (DOT) has a total market value of $8.8 billion. With an impressive 2.68% increase in market value, Polkadot (DOT) is now trading at $6.97 per token. Mentioned as one of the following possible Ethereum (ETH) tokens, Polkadot (DOT) is one with high expectations. Analysts have said current token holders are bound to make impressive gains soon.

What’s the buzz with Kelexo (KLXO)?

Kelexo (KLXO) is a token borrowing platform. With Kelexo (KLXO), users do not need to go through brokers or a third party to get a loan. All loans are available on the platform and listed with their terms and conditions. All users are mandated to add their payback time and interest rate. With this seamless process, Kelexo (KLXO) users get instant payment on loans requested. Being the first of its kind, Kelexo (KLXO) can give users access to loans more efficiently and securely.

Kelexo (KLXO) has a native token. This token is the primary currency for transactions on Kelexo (KLXO) and what users need to be “shareholders” of the protocol. All holders of Kelexo (KLXO) will govern Kelexo (KLXO) through votes. An upgrade proposed by the protocol owners or holders of Kelexo (KLXO) must be voted on before it can be executed for user experience. Another benefit of holding Kelexo (KLXO) is that all token holders will earn a revenue share of the platform if they have the token.

Find out more about the Kelexo (KLXO) presale by visiting the website here