FIVE CRYPTOCURRENCIES WITH MORE THAN 10,000% ROI IN 2021

The mind-boggling returns posted by crypto projects are eye-opening. Some of the chart toppers are really making a difference.

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A review of top performing coins and tokens for 2021

For an investor, cryptocurrency has the potential to be a great asset class. The notion that this digital currency can be used to store value on a decentralized and distributed basis in the future is very compelling.

Some cryptocurrencies have better platforms for investment due to their exponential ROIs. This guide discusses the top five cryptos that provide the best investment opportunities for investors and traders over a considerable timeframe.

Read Also: How NFTs and Cryptocurrencies Are Making Inroads Globally

Binance Coin (BNB)

Binance is a combination of the terms “binary” and “finance,” which implies that it provides a top-leading crypto peer-to-peer (P2P) exchange for holders within the Binance ecosystem.

Unveiling the BNB Team

The Binance exchange is operated by Beijie Technology, a holding firm founded by ChangPeng Zhao in 2017. Zhao’s partnership with the Binance team, alongside the efforts from the company’s co-founder and CMO, He Yi, has made this exchange a force to reckon with in the cryptocurrency sphere.

BNB’s Selling Point

The Binance Coin, like other cryptocurrencies in development, has a variety of applications outside of the Binance exchange, including credit card payments, trading, booking travel arrangements, payment processing, discounted transactions on the exchange, loans and transfers, investment, and entertainment.

Alternatives to Binance Coin

Binance coin isn’t the only coin out there that takes it home in terms of trading fees, trading volume, compliance, regulations, and asset availability. Other ideal alternatives to this crypto include Coinbase, Uphold, HitBTC, Poloniex, NiceHash, and Kucoin.

BNB Statistics

BNB has a market cap of over $60 billion and a total available coin supply of 153.43 million BNB. It ranks 5th on the cryptocurrency market. The crypto as the default currency of the Binance ecosystem, entitles holders to airdrops of new projects that launches on the Binance Smart Chain.

Another notable factor is BNB’s ROI of 343576.59%. As of the time of this report, the cryptocurrency is worth $405.

IOTA (MIOTA)

Unlike other cryptocurrencies, IOTA doesn’t function as a blockchain. Rather, it is a distributed ledger that runs on Tangle – Its proprietary backbone system.

It comprises nodes implemented towards confirmation transactions on the network. Hence, Iota has faster transaction speeds, compared to the traditional blockchains. This feature and many more places the crypto at the forefront of digital currencies in the IoT ecosystem.

IOTA Team

Iota is co-founded by four individuals, namely David Sønstebø, Serguei Popov, Dominik Schiener, and Sergey Ivancheglo. Serguei Popov, IOTA’s Foundation’s director of research is also a board member of the company, while Schiener and Sønstebø are co-chairmen of the board of directors.

IOTA’s Selling Point

The IOTA network provides secured transaction, but with a difference. It gets rid of the implementation of blocks.

According to David Sønstebø, “IOTA is designed to provide one solution that no other crypto does: efficient, secure, lightweight, real-time micro-transactions without fees.”

IOTA’s Alternative

The following cryptocurrencies are ideal replacements for IOTA, when factoring in instant transactions, real-time transfers, currency agnostic, transparency, fast P2P transactions, and Coinbase trading: Nano, Ripple, ZCash, and Stellar.

IOTA Statistics

IOTA has a total coin supply of more than 2.7 billion MIOTA. Its ROI sits at 218466.67%. In 2019, Bitrue users witnessed 7,000 IOTA airdrop shared on the network. At the moment, there is no news on the next airdrop. Currently, the cryptocurrency is worth $1.25.

Ethereum

Ethereum is an open-source, decentralised finance (DeFi) blockchain technology. Its coin, Ether (Eth), is used to conduct secured transactions on the network.

Ethereum serves as a platform for a variety of cryptocurrencies. This ecosystem also allows for decentralised smart contract execution.

Ethereum Team

Ethereum was co-founded on July 30, 2015, by eight individuals, namely Gavin Wood, Vitalik Buterin, both of whom were ETH original authors, Charles Hoskinson, Anthony Di Lorio, Joseph Lubin, Mihai Alisie, Amir Chetrit, and Jeffrey Wilcke.

Ethereum’s Selling Point

According to Gavin Wood, the Eth blockchain serves as “one computer for the entire planet.” This implies that the blockchain creates a robust, censorship-resistant ecosystem for holders and investors.

Ethereum’s Alternative

The following platforms provide ideal alternatives to Ethereum: IBM Blockchain, Azure blockchain workbench, Kaleido blockchain, Amazon Quantum Ledger Database (AQLD), and Hyperledger.

ETH Statistics

There is a total of 116,125,822 ETH coin in supply, and at the moment, the crypto is worth $2,766.70. It also has an ROI of 96440.92%.

Stratis (Strax)

The Stratis network comes fully packed with several features that make transactions quicker and more secure. They include a proof-of-identity model, private sidechains, smart contract deployment, and full node operation.

The blockchain is powered by STRAX, used for payment and smart contract execution.

Users can create crypto wallets on the exchange and access consulting services via the Masternode.

Stratis Team

Strax’s existence is attributed to Chris Trew, the brain and founder of the enterprise-based blockchain. A C# programmer and IT expert, Trew created the Stratis BaaS platform based on the Bitcoin (BTC) protocol.

Stratis Selling Point

Financial service companies and other organisations can use the Stratis platform to test, develop and deploy DApps without having to worry about network security and operating expenses.

Stratis does so by allowing enterprises to create permission-granted, private sidechains that interface with the main chain, as well as host decentralised apps, execute smart contracts, and use other privacy and identity verification features.

According to its whitepaper, this technique allows businesses to utterly personalise their platforms without the constraints of depending on a big blockchain like ETH or BTC.

Stratis Alternative

Ideal alternatives to STRAX include Tron (TRX), EOS, Bitcoin Cash (BCH), and Litecoin (LTC).

Stratis Statistics

The Stratis BaaS platform has a total of 131,860,808 STRAX and an ROI of 11156.53%. Each coin is currently worth $1.55. So far, there are a total of 100,000 STRAX available to airdrop users.

Bitcoin (BTC)

This list will be incomplete without discussing Bitcoin – the pioneer of cryptocurrencies. This DeFi exchange provides P2P transactions devoid of intermediaries.

It implies that users on the network can send and receive BTC securely. Based on the founder’s views, the exchange creates a platform where “online payments can be sent directly from one party to another without going through a financial institution.”

The BTC coin may be used to acquire physical assets, and crypto traders may trade on the exchange as well.

Recommended: With Companies Investing In Bitcoin, Here Are The Likely Areas of Impact You Need To Know

Bitcoin’s Team

The real identity of Bitcoin’s founder still remains a mystery to date. Although to the general knowledge, the founder goes by the name Satoshi Nakamoto, there is a divided school of thought that this name might belong to an individual or a group of people using it as an alias.

Even though it was founded in January 2009 by Satoshi, several groups of developers have contributed to making the exchange a robust and secured crypto ecosystem for holders, investors, and traders.

Bitcoin’s Selling Point

The fact that Bitcoin was the first cryptocurrency to exist on the market gives it a distinct edge. At the moment, the cryptocurrency market is worth over $300 billion, thanks to the emergence of BTC.

The creation of the first cryptocurrency provided a conceptual and technological foundation for hundreds more competing ideas to follow.

It has also succeeded in establishing a worldwide community and spawning a completely new economy of millions of users who produce, invest in, trade, and utilise Bitcoin and other cryptocurrencies consistently.

Bitcoin’s Alternative

Crypto users who want to invest in other cryptocurrencies, other than Bitcoin, can purchase the following coins: Ethereum, Litecoin, Ripple, Dogecoin, Lisk, MaidSafeCoin, and Dash.

Bitcoin Statistics

Bitcoin has a maximum supply of 21 million BTC and a total supply of 18,724,856 BTC. Currently, one BTC is worth $37,929.96. Investors can purchase a handful of BTC coins as the crypto has an ROI of 28040.65%.

In Conclusion

Cryptocurrency is an excellent long-term investment alternative. It is important to note, however, that trading is not without risks.

Other than that, you may make financial transactions on the marketplaces discussed in this guide and grow your portfolio.

This Is How Binance Launchpad Works

Binance launchpad is the platform for new tokens to come on stream while Binance launchpool helps investors get on to earn some more on new projects. This is how it works.

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Binance Launchpad

Binance is  one of the largest cryptocurrency exchanges in the world by traded volume, and it  announced in January 2020, that it would launch a new token fundraising event every month through its Binance Launchpad platform. Binance Launchpool and Launchpad are platforms that advise and help project teams on how to best launch and issue their token.

Binance Launchpool lets you use your token to earn or farm a new token free of charge. Each day, tokens earned are proportional to the tokens subscribed to a pool. In a total of 30 days, you earn a new token. Within the first seven days, before the token is listed on Binanace.com, you can trade any token you earn.

Daily, the token you earn are distributed. You also get the luxury to add or remove tokens if you so desire to the eligible pools any time.  The idea is that you can compile new coins after and before a guaranteed listing free of charge.

What’s next- if you got your token and you are ready to farm? Well, getting started is the next agenda. Check out the guide below on how to get started with Binance Launchpool for both web and on mobile app.

Recommended: How Chainlink Connects Smart Contracts To The Real World And The Opportunities Therein

How to get started with Binance Launchpool

Web-version

  1. Log into your Binance account and go to their savings page.
  2. To choose the token you want to use to subscribe, click “Transfer” on the right-hand side of your screen.
  3. Enter the desired amount of token you would like to subscribe to.
  4. Confirm the transfer by clicking on “Transfer confirmed” at the bottom right-hand side of your screen.
  5. Done!

Read Also: Cryptocurrencies, Ethereum and The Future

App version

  1. Open the app and locate the “Savings” icon.
  2. On the token, you wish to subscribe with, click “Subscribe.”
  3. Enter the amount of token you wish to subscribe to.
  4. Read the “Binance Savings Agreement” and then click on the box
  5. Click “Confirm Purchase.”
  6. Done!

FAQs

1.      Who can participate in Binance Launchpool?

Provided you have a binance account, you can participate in Binance Launchpool. If you don’t have an account, register for one here

2.  What is needed to participate in Binance Launchpool?

You need to have at least 0.1 BNB or other equivalent tokens supported in a pool to participate in Binance Lauchpool.

3.      Which pools do Binance support?

Pools supported for each project will vary, but as a rule of thumb, you can find the list of supported pools on the Binance Launchpad page.

4.      Are there any token limits?

Well, as for limit to how much you can stake, there are none, which means you can stake as high as you like. But you need a minimum of 0.1 token to be able to stake.

5.      What happens if I already have my tokens subscribed to flexible savings?

If you subscribed your token to a flexible saving before the activity period beginning then you’ll need to make an additional subscription of 0.1 or more to qualify to earn Lauchpool rewards.

6.      When do I get the tokens I have farmed?

Tokens are distributed everyday between 00:00 AM and 1:00 AM (UTC).

7.      In each pool, how do I see the Annual Percentage Yield (APY)?

Once trading opens, the APY of each pool will become visible.

8.      Is it possible to trade farmed tokens immediately?

You can’t trade tokens earned in the first seven days until the project has been listed on Binance.com. As soon as the trade is live from the 8th day onwards, you can trade any token you earn as you get them.

9.      Has Binance Lauchpool replaced Launchpad?

No. Launchpool is a new initiative that helps you safely farm new coins from existing assets. Sometimes, you can even run both Launchpool and Launchpad concurrently.

10. How to view your average BNB holdings?

On your project dedicated Launchpad page, you can view your average BNB holdings after the staking calculation period starts.

11. Will the BNB I used to subscribe to Binance Launchpool be counted for Launchpad and any other airdrops etc?

Yes, you will still qualify for VIP benefits, Launchpad eligibility, airdrops, etc.

12. Are the tokens I subscribed to Launchpool locked for 30 days?

No, you can withdraw some or all the tokens you used to subscribe whenever you like. At the same time, you can add to the amount of token you subscribe at any time.

13. Where do I learn more about Binance Launchpool projects?

Binance Research publishes reports on each project hosted on Launchpool. So, you can learn all you need to know there.

Hopefully, this article covers most of the questions that you have. If you have any other questions, feel free to reach out to us.

Read More: How JustSwap Works

How Chainlink Connects Smart Contracts To The Real World And The Opportunities Therein

Chainlink goes beyond giving users a voice on the blockchain to link them with opportunities in the real world.

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CHAINLINK: The platform that connect smart contracts to real-world data.

Chainlink operates using the oracle network. Oracle networks are those networks that provide means through which blockchain or smart contracts can interact with external data and create paths between off-chain and on-chain transactions.

For smart contracts to connect to external data sources or any Application Programming Interface (API) they would have to proceed through an oracle network, in this case, Chainlink. With Chainlink, payments can be sent from smart contracts to any payment platform or bank account around the world.

The Smart Contract Angle

Smart contracts cannot connect directly with external data like APIs and off-chain data; they make use of Chainlink’s network to create a secure connection that provides both off-chain data and end-to-end security. Chainlink achieves this by providing a reliable network with inputs and outputs that are tamper-proof and can be used for complex smart contracts on any block chain.

The ability to execute unalterable and highly secure digital agreements is a property of smart contracts. But for a smart contract to be able to execute unalterable and highly secure digital agreements, the input and output that it relies on must be secure.

Due to the high security of smart contracts, connecting smart contracts with vital external data like APIs and off-chain data is very difficult.

Smart contracts require the use of series of inputs to improve their functionalities and due performance. They also require the use of several outputs to improve their performance and compute transactions that are complex like sending information and payments required to complete the contract. Chainlink helps achieve all these.

The same security guarantee is provided by smart contracts and Chainlink’s decentralized oracle network. To ascertain the value of a smart contract that is reliable, secure, and authentic, multiple Chainlinks are used to evaluate the data contained in the contract. Chainlink’s node operators are paid using a link token.

Read Also: How JustSwap Works

CHAINLINK’S PARTNERSHIPS

Due to Chainlink’s ability to connect external data to blockchain networks in a decentralized manner, many companies in recent times have partnered with them to realize new products. Some of the companies that partnered with them pretty much lately are:

  1. Digitex Futures
  2. CasperLabs
  3. Kakao
  4. Polkadot
  5. Baseline protocol
  6. Hdac technologies
  7. Google clouds
  8. Credits
  9. Oracle
  10.  V Systems… and many others.

Partnership with Digitex Futures

Digitex Futures recently partnered with Chainlink to build a platform that would protect their users’ funds. This partnership was executed because of Chainlink’s up-to-date and tamper proof price data. Another reason for the partnership is to provide a very consistent and accurately priced data that will not fluctuate.

Partnership with CasperLabs

CasperLabs have a blockchain and smart contracting platform, all the applications developed on this platform, by virtue of CasperLabs partnership with Chainlink, will be secured by Chainlink. Chainlink is CasperLabs’ first, and so far, only oracle provider. This partnership would create a user-friendly economic environment.

Must-Read: How Staking Works With Ethereum 2.0

Partnership with Kakao

In mid-2020, Chainlink signed a partnership deal with Kakao. Kakao is a South Korean company, popular for the ownership of one of the widespread mobile messaging app used in Asia, KakaoTalk. Chainlink’s oracle will be incorporated into Kakas blockchain smart contract project as a result of the partnership. This will boost blockchain and crypto mass adoption. Also, Chainlink will provide oracles that are secure and reliable for Kakao’s next generation of decentralized apps.

Partnership with Polkadot

In February 2020, Polkadot became the first Non-Ethereum Blockchain to Integrate Chainlink. On Polkadot, Chainlink will be integrated with an assigned independent blockchain shared with custom characteristics. As a result of this partnership, Chainlink’s stable pricing feeds will service Polkadot’s experimental network.

Partnership with Baseline protocol

Baseline protocol is an intiative led by Consensys and EY News in collaboration with Microsoft. Baseline combines advances in blockchain, cryptography and messaging to deliver private business processes that are secure at a very low cost through Public Ethereum Mainnet. This partnership would lead to the buildup of enterprise oracle solution that would make Ethereum Mainnet compactible for enterprise use.

Partnership with Hdac technologies

The partnership between Hdac and Chainlink will develop a system for delivering off-chain data on blockchain in an attempt to support the execution of smart contract. The partnership will be particularly addressing the biggest obstacle in commercializing smart contract technology- the blockchain oracle problem.

Partnership with Google clouds

Google clouds and Chainlink entered a partnership in a bid to making cloud accessing on public domains easier for developers using Chainlink’s oracles. The partnership will also allow for an on-chain and cloud-based interaction with smart contracts and Ethereum decentralized applications

Partnership with Credits

Credits is a blockchain software protocol that offers block chain products such as wallet and DApp, and infrastructure development tools. Credits is best used for data storage, making payments (both macro and micro) and also for token insurance.

The partnership between Credit and Chainlink would make Clouds go steps higher than its initial features by using Chainlink’s oracle network to secure data from smart contracts and also sustain reliability. This partnership would help foster the growth of technology among businesses especially the businesses of financial institutions

Partnership with Oracle

Oracle is a major tech player in the software industry. They are known majorly for their database management systems. Oracle has, in recent times, shown interest in blockchain technology in a bid to producing a decentralized database. This company partnered with Chainlink to use their Oracle Blockchain platform to create a means through which startups can make money from their APIs.

Partnership with V Systems

V System is a blockchain cloud data base that focuses on the challenge of scalability and governance. The platform seeks to build a space of industrial scale DApps, which would contain features like cross-chain applications, sidechain applications and Smart contract applications. The partnership between V Sytems and Chainlink would create DApps that are exceptionally reliable and that have higher accuracy.

Recommended: The Attraction of Polkadot Blockchain And Here Is How It Is Making A Difference

With Companies Investing In Bitcoin, Here Are The Likely Areas of Impact You Need To Know

Companies have turned to bitcoin investment to boost their balance sheet and returns. Here is the picture so far

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With companies investing spare cash in Bitcoin, how will their asset size and return jump look like?

The recent rush of Bitcoin investments by economy giants has unleashed a wave of speculation both over the cryptocurrency market and the traditional one. Many takes have been written about why companies are doing this and what it means for crypto, but there’s been far fewer opinions issued on what this means for traditional markets beyond “companies hedging their bets.”

And yet, it’s understandable that traditional markets wouldn’t know what to do with this information. Until now, economy has always moved around goods and production.

Everything traded in stock or commodity markets had a use, a supply, and a reason to be. Even arguably superfluous items, like jewelry, still have a use (in this case, looking good.) The appearance of bitcoin is not entirely speculative and should have been expected to shake the market.

Why does this new market matter?

As stated above, because it’s entirely speculative. Bitcoin, and its value, isn’t based on anything other than supply and demand for an entirely useless good. There is a world of good to Bitcoin and this can be seen in the huge amounts of money so obscene used in its daily trades that the GDP of several countries is dwarfed in comparison.

Why are companies buying it?

To hedge their bets against a recession, plain and simple. Bitcoin could be thought of as virtual gold (minus the actual, real life uses of gold,) and when markets expect an incoming recession it’s quite common for investment in stocks to drop and investments in certain goods to rise.

While several governments in the world keep acting like nothing is going on and there’s no recession whatsoever, large companies aren’t buying it. They know we’re in the middle of a recession. They know the more than a million deaths from COVID (and counting) plus countless people left with long-term illnesses will take a toll on the worldwide economy.

We just haven’t seen it. So many companies are taking steps to minimize the effect of the recession on their balance sheets.

Recommended: How Cryptocurrency Payments Are Reducing Transaction Costs Globally

Should companies then be recession-proof this time around?

Well, so far, fiat money printers have been hard at work with as much as 23 percent of USD ever printed rolled out just in 2020 alone. What this means is that the real value of fiat currencies has nose-dived while that of Bitcoin has remained intact.

Bitcoin cannot be over-minted over night as its block difficulty cannot be overridden by any legislation. In a sense, bitcoin is recession-proof and companies can boost their asset value by investing in bitcoin.

But the price is going up…

Yes, it is. But only because many companies are buying every Bitcoin on the market.

Being entirely speculative, the value of Bitcoin depends exclusively on supply and demand, and we’ve seen a hugely increased demand for the last few months. But that may or may not last.

Why would it last?

Because once the recession is over and economies start growing again, some of these big players on the Bitcoin market might want to cash out and return their liquidity to fiat currency. Not all will, of course, but here’s the detail with the Bitcoin market: It’s made up of very few people hoarding the vast majority of the supply. The recent uptick in USD value for instance led to a mild drop in BTC trading price.

Read Also: Waiting for SEC’s ETF Decision and How the Price of Bitcoin and Altcoin Will be Impacted in 2019

So companies will lose? Returns will go down?

Depends on when they buy and when they sell.

Companies that started buying Bitcoin months ago naturally have an advantage, since they bought the tokens at much lower values than the current. This means they have a much bigger space to maneuver in case the market crashes.

Companies that have entered later, however, are taking risky positions because there’s no telling when one of the large players might want to cash out, potentially flooding the market and crashing it.

What if they don’t, uhm, cash out?

It’s also possible. Most companies will likely want to keep a percentage of their holdings in Bitcoin if their current gamble pays out, which would in turn give the Bitcoin market some stability.

But once again, the problem is how few players actually are controlling the Bitcoin economy. It might take just one company deciding to convert all its Bitcoin to fiat to send the price crashing. That company would, then, report a huge return. Any other holders who sell immediately might, too. But anyone else who takes too long to act, or anyone who buys tokens too late in the curve, will face huge losses.

So the result is…

Some companies will likely win big with this Bitcoin gamble. Others might lose big, and some might choose to invest in the crypto market in the long term, to the point where it won’t matter to them if the price goes crashing in the short term.

As with all recessions, it’s impossible for a market or company to completely assure they won’t be hit by the dip. What companies here are doing is trying their best not only to remain unscathed, but to also make some money along the way.

Will it work? It will, for some. It won’t for others. In general, companies that jumped in earlier have a head start. Since the stock market upheavals have yet to make companies exit global bourses, you can be sure BTC investing will likely endure as well.

Must-Read: The Emerging World Of Cryptocurrencies: Behaviors, Patterns, and Paradigms Every Investor Must Know

The Big Breakout of Uniswap, Justswap, Trustswap, and The Incredible ROI As DeFi Unfolds

DeFi is unfolding across the globe, and it has shown that crypto and blockchain seems to be bottomless. What can you do with ROI for DeFi projects hitting the roof?

Many people are still trying to come to grips with how the DeFi world works. To the uninitiated, it is the borderless outcome of decentralization that is yielding fruits. Blockchain has brought a new frontier to the global finance landscape, and now, the centralized banking regulators across the globe are scrambling to keep up.

Justswap, Binance Smartchain, Uniswap and Anyswap, are just a few of the major players in the unfolding world of token swap and the unfolding world of DeFi.

Enter Uniswap

Uniswap emerged as the first real proof the cryptocurrencies and blockchain are bottomless. After an amazing three year run of Bitcoin and thee altcoins, 2020 opened a new vista for investors to see first-hand, another side of the crypto revolution. Leveraged trading is an area of crypto finance that reports ROI like DeFi, but it is centralized and far more volatile.

Decentralized finance exemplified by Uniswap makes it possible for investors to access liquidity or trade the same for value when they trade against a smart contract -driven pool of assets. When an investor adds individual assets to the Unipool, they are able to earn a share of profits generated. Payouts are made possible using ether or tokens.

In simple terms, it is akin to bringing your funds to a bank, and you earn an interest for the funds deposited. And in addition, a share of the bank’s dividends. However, the reverse is also true: if the market faces a downturn, the ratio of deposited tokens to the number of requests for liquidity will be tilted, making net earnings to plummet.

Read Also: Are You Looking To Finance That Cryptocurrency Project ? Here Are The Leading IEO Options You Need To Know

In a scenario like this, the value of your pool deposits will also shrink as deposits outstrip requests within the pool. While such scenarios as above has occurred this year, they were short-lived spasms that soon gave way to positive earnings.

The Uniswap model is very much what obtains with other yield farming upstarts like Anyswap, Sushiswap and others. While there are bits of differences, they are all variants of the same thing. Liquidity pools might differ from one platform to another in terms of rates and charges. Essentially, it is important to say that there are no centralized order books like traditional exchanges.

What DeFi Platforms Trade In

Many DeFi platforms are based on the Ethereum protocol as a result of its ready-to-use smart contract functionality. Smart contracts automatically initiate and complete transactions between parties while accurately ensuring adherence to the terms of agreement.

In recent weeks, other cross platform DeFi projects have entered the fray. Tron ecosystem and the Binance Chain has also launched DeFi platforms that are resourced to seamlessly transact with Ethereum blockchain. Most tokens used are either ERC-20 based or are compliant with other recent ERCs like 223, 777 and 721.

Benefits of Decentralized Finance

What Defi has made possible for yield farmers can be itemized. There are several bright spots to the whole new world of DeFi.

Ease of transactions

Transaction ease stands out as a leading advantage here. No one has to commute or travel to a certain physical location to complete a transaction. With an internet service in place, you only need to navigate to the website, connect your ERC-20 or similar wallet, and start earning.

Seamless returns on investment

There are no bottlenecks to earning here. As the t fixed duration-pools mature, payouts are made to investors.  These payouts go directly to your wallet and whether it is midnight or noon day, you can access your wallet and swap for fiat or use the tokens as you wish.

You can also decide to remove your wallets from the pool and exit with no delays.  

Bureaucracy is eliminated

One of the leading features of the modern day is an increasing intolerance to bureaucracies. DeFi does this so well that you do not have to bother about moving from a table to the other to complete forms or authorization. Smart contracts have made life easier and dismantled bottlenecks on the pathway of productivity.

Must-Read : As The Crypto Spring Becomes Evident,Here Are The Top 3 DeFi Leaders In H2 2020

The Easier Path to Launch Newer Tokens

With DeFi, newer tokens have a short cut to fame and acceptance. For example, YFI made its mark in 2020 not as a traditional crypto like BTC, but rather as a DeFi creation. On YFI platform, the token is used to remunerate investors on the platform. Its initial issuance was done to fund the platform sustenance and governance.

Other projects like Sun crypto was created also to remunerate users of the new Tron DeFi platform which will also run like Uniswap. Binance Chain has launched its service, and this will also incentivize users with its native BNB.

Last Words

As long as there is credibility and clear governance structures, yield farming and related projects open a new frontier for investors around the globe. It is also good to note that in the world of investment, you must never put in more than what you cannot afford to lose.

Recommended: 2020 Has Been The Year of DeFi. Here’s How It Has Given Cryptocurrencies A New Lease of Life