Five reasons why you should keep an eye on DeFi tokens

 

After cryptocurrencies, DeFi tokens (decentralised finance tokens) have been disrupting the finance sector for the entire year of 2020.

While many projects are still in a nascent stage, DeFi tokens have been causing a frenzy on the crypto markets which is reminiscent of the booms of Bitcoin, Ethereum and others back in 2017.

Five reasons why you should keep an eye on DeFi tokens

As you see, the DeFi season is on and going strong. Here are some great reasons why you should keep an eye on decentralised finance projects and tokens:
1. DeFi tokens are the logical next step in disrupting finance

For instance, DeFi tokens enable people to borrow and lend within a peer-to-peer network or to take insurance out directly, without needing intermediaries such as banks.

In other words, decentralised finance tokens provide users and token holders the same or similar services offered by the traditional financial sector. In a way, they are the next evolutionary step in the crypto sphere - similar to what Netflix did to traditional cable television.
 

2. DeFi tokens realise the potential of blockchain

By creating a system parallel to traditional finance, DeFi tokens do not only aim to establish new standards in terms of transparency and access but are bound to significantly reduce costs for financial services and ensure the fast processing of transactions thanks to automation.

DeFi tokens are a really interesting use case of the concepts introduced by projects such as Ethereum, which allow decentralised applications to run on their network infrastructure.

3. DeFi tokens are making finance accessible

Thanks to decentralised platforms, DeFi tokens are another milestone in making investing and commerce opportunities accessible to individuals that may not have been able to participate up to this point, pioneering an economic paradigm shift.

A vast range of use cases, from savings in interest-bearing accounts, lending and borrowing, network staking and derivatives, to insurance, gaming and synthetic assets, offers great potential to those interested in simply investing for the long term in today’s most active sector in blockchain.  
 

4. DeFi tokens are just at the beginning

If you are a passionate crypto enthusiast, there is hardly a way you can ignore developments in decentralised finance. 

Whether we are talking about the most popular DeFi token UNI, the governance token of the Uniswap Protocol, the Synthetix Network Token SNX, one of the largest DeFi projects, to-date or Maker MKR, one of the oldest decentralised governance protocols, these are all great assets to start with and to diversify your crypto portfolio.

True enough, most DeFi projects are still in their early stages. Part of the hype that sparked the interest of traders may have been caused by short-term speculation. While the best projects are bound to stay and to evolve further, we are also expecting to see more big players in the industry jump on this.

If you would need to buy SAFEMOON and other DeFi tokens with the potential to increase massively in value. Call or WhatsApp: 08038606260 or CLICK: https://vars.us/aK03L

No comments:

Post a Comment

Pages