🌙 Mooncoin: The Rise of DeFi
One of the most significant trends that the fintech industry has seen so far this year is the growing popularity of alternative assets. 2021 is the year we could see the lowering of barriers to entry into the Defi ecosystem and mass adoption.
Cryptocurrencies have steadily been gaining popularity since their inception around 2010. This growth was accelerated in late 2017 with the initial coin offering (ICO) boom and the short-lived Bitcoin run to $20,000. However, since the start of the COVID-19 pandemic, changes in monetary policy around the globe have led a growing number of individuals and institutions to seek new ways to protect and grow the value of their savings.
Of course, the most prominent example of this is Bitcoin (BTC). Since late 2020 and into the start of 2021, a number of major corporations have added Bitcoin to their balance sheets, including Tesla, Square and MicroStrategy. Additionally, a number of major banking institutions have begun to offer Bitcoin-based investment products to their clients.
Moreover, Cryptocurrencies beyond Bitcoin have gained popularity in mainstream financial and cultural spheres. Controversially, Dogecoin (DOGE) became a favourite of many retail investors after Tesla Founder, Elon Musk began to promote the coin on Twitter, resulting in a whopping 6650% (from $0.004 to $0.27). This phenomenon proves that contractionary to one perception the shitcoin and moonshots do have utility generated through it immense wealth generating potential.
As a whole, the total market cap of all cryptocurrencies was up roughly 73% (from $776 billion to $2.05 trillion).
The Rise of DeFi
Decentralised Finance, or DeFi, has been on the rise for the past several years–even since before anyone had even heard of COVID-19. However, the growth of the DeFi ecosystem has been explosive since the time that the pandemic began.
However, DeFi still has some rather high barriers for entry. Primarily, many analysts argue that the majority of DeFi platforms are hard for the average person to use.
However, GoodFi Founder, Piers Ridyard says “Once we have capital efficient derivatives, it is quite likely that the nominal value of traded instruments on DeFi will explode from where it is now, potentially even 10x.” Moreover, having an established payment ecosystem running on BSC will accelerate the growth of the entire industry due to its predominantly lower costs and high transaction volume.
Mooncoin’s value proposition to investors is to create long-term wealth. Its unique tokenomics are designed to grow TVL (Total Value Locked), discourage selling, and provide practical utility to transact in both the real world and the nascent but rapidly evolving Web 3.0 of the future Internet.
Mooncoin adds utility to hodling by adding a payments system. This allows investors to accrue and hold Mooncoin and build wealth, but minimise sell transactions until they actually need to spend it. The spending features of Mooncoin payments are transaction tax-free, encouraging users to take this route as opposed to losing 10% upon “dumping” mooncoin on the market and dropping the TVL and price for holders.
How to find out more?
🥞 PCS Listing: Buy Now
📈 Chart: link
🌐Website: moonwallet.org
💙 Facebook: link
📙Light Paper: Read Here
📜Medium: 4 min read
📨 Telegram: @MooncoinDeFi
🐦 Twitter: link
📚 SubReddit: Link
