The crypto sphere is always improving due to users’ demand for better and there is an increasing amount of tokens entering the market. In the world of Digital Finance, DeFi is the new buzzword. Here are your best DeFi coins.
The Benefits Of DeFi
The Benefits Of DeFiThe beauty of crypto is that it emerged as an alternative to real-world coins, third-party intermediaries and weak economies. There is no doubt that crypto is the future but Decentralised Finance is the thriving side of crypto.
Most blockchains have also become aware of the phenomenon and started investing in DeFi, the market has seen many cryptos that push the digital economy toward the building of innovative, internet-native financial systems, aiming to replace any central intermediaries and trust mechanisms.
Top DeFi-Focused Coins
As one of the earliest and leading coins in the market, Ether was launched in 2015 and is native to the decentralised open-source blockchain system, Ethereum.
Most notably, Ethereum (ETH) opened doors for innovation in the world of the digital financial industry via the popularisation of Decentralised Finance (DeFi).
But Ethereum has not stopped improving. The blockchain claims to have a highly-anticipated upgrade under the works. It should allow institutional investors to put money in order to raise the price of Ether.
Although the upgrade will contribute to a more scalable, secure, and sustainable blockchain, Ethereum is already number one in decentralisation and security currently in the market.
As one of many revolutionary features, Ethereum automatically produces blocks to fix the computational power needed to mine.
The earlier you invest, the better. Ether’s Initial Coin Offering (ICO) was $0.311 and sold more than 60 million coins, and for its presale stage, Ether raised $2.3 million (7.4 million ETH). The Ethereum price today is $2.994,91 with a live market cap of $360.8 Billion.
More recently, Fantom was launched in 2018. It is a directed acyclic graph smart contract platform and comprises a highly functional collection of blockchains.
These are combined in the main net, and new projects are constantly being built on the individual blockchains.
Fantom is an investor’s favourite due to the variety of decentralised finance services. The platform was initially created with plans to become the leading secure and scalable smart-contract platform for designing Decentralised Finance (DeFi) Applications.
More so, the platform has heavily improved the common issues of scalability, decentralisation, and speed of transactions problems that its competitors have. It also combines the Proof-of-Stake and Asynchronous Byzantine Fault Tolerance (aBFT) consensus mechanism.
Fantom powers its transactions via the FTM Token which is its governing currency. The FTM price today is $1,13 USD with a live market cap of $2.8 Billion.
Parody Coin (PARO)
Parody Coin is a deflationary utility coin, currently in its presale stage. It is built on a Binance Smart Chain (BEP20) and it was created to supply passive income options; these mostly include minting, trading and selling parodies of popular NFTs.
The platform has three main forms of utility:
1. Parody Swap where investors can trade any coin on any blockchain for the same amount of PARO coins.
2. Parody Bridge where PARO coins can be sent to other blockchains.
3. Paroflection mechanism which allows the investor to render rewards in the native token.
The Parody network has come to supply the features that crypto investors have been asking for. One example is that the platform will contain an extremely developed and profitable NFT marketplace with a user-friendly interface. In there, you can mint famous NFTs on BNB Chain, Ethereum and other blockchains.
Experts predict a massive price value growth after the presale. More so, a total of 300 million PARO coins were pre-mined before the Initial DEX Offering (IDO) on PancakeSwap and the current price of PARO is $0.002.
Keywords: Ethereum, ETH, Fantom, FTM, Parody Coin, PARO, DeFi, Presale