In the crypto world, the notion of Decentralised Finance (DeFi) is used to describe the sub-sector of crypto that is revolutionizing the internet-native financial system by using Blockchains to replace traditional intermediaries (i.e., Banks). Crypto Investors are strongly convinced this is the future of Digital Finance, and here is why.
The platforms of this sub-sector are always advertised as ‘decentralized’ options to traditional financial services, which continue to decrease in popularity. Decentralized Finance’s ultimate goal is to eliminate the necessity for intermediaries and the exchange of personal details.
But how? These digital finance services are created on top of blockchain networks that provide decentralized exchanges (DEXs), allowing individuals to trade directly and independently with one another without a central intermediary.
The world of DeFi has grown extensively over the past few years and is now massive. Plenty of DeFi tokens is revolutionizing the Decentralised Finance market, providing vast autonomous access to many cryptocurrencies. Some of these options are currently in their Presale stage, making it the perfect time to invest!
Top DeFi Tokens Right Now
In 2020, the Solana Foundation launched its innovative open-source project banked on blockchain technology’s permissionless nature. The platform supports smart contracts, including non-fungible tokens (NFTs) and various decentralized applications (dApps). Solana has been under development since 2017, planning the best method to deliver more accessible Decentralised Finance (DeFi) alternatives. The platform was also developed to improve scalability, and so it combines a proof-of-history (PoH) consensus with the proof-of-stake (PoS) consensus of the blockchain.
Solana’s native token is SOL, and it serves in the blockchain by providing network security through staking and as a means of value transfer. Today, the Solana price is $134,74 with a 24-hour trading volume of $2.2B. It ranks 6th on CoinMarketCap.com, with a live market cap of $43.8B and a circulating supply of 325.8M SOL coins.
Aquasis Protocol (AQS)
Aquasis Protocol (AQS) is a truly innovative platform in the world of Decentralised Finance (DeFi) with a primary focus on building stronger relationships between investors & project teams and achieving long-term success. The Aquasis Portal is a launchpad for DeFi projects, benefiting users greatly by providing safe and lossless investments; investors are offered risk-free investments and zero-fee services.
The protocol has plans to create a fast and long-lasting transactional infrastructure with no intermediaries by applying DeFi solutions to transactions and services.
The platform’s native token is AQS, an ERC-20 token developed over the Ethereum blockchain. More so, the Aquasis Protocol Web Application is a web interface that allows users to trade and stake AQS tokens effortlessly. Token Holders are also provided with the opportunity to vote on the governance suggestions, suggest protocol growth measures, and engage with the community. The token is in its presale phase, allowing you to purchase it at a premium price.
Quitriam Finance (QTM)
Inspired by the fantasy world of J.R.R. Tolkien’s books, the name ‘Mithril’ refers to the rare silver-colored precious metal of great hardness and magnificence. The reason is that Quitriam Finance has extraordinary qualities and the strength to push to the top and become a market-leading cryptocurrency.
The Quitriam Finance Foundation is a recently launched decentralized exchange platform with multi-chain operability and an ecosystem of DeFi products. This Decentralised Autonomous Organisation (DAO) operates as a savings and lending platform where users can earn interest on virtual assets. Its Decentralised Exchange (DEX) potential is massive since investors exchange assets across multiple blockchains, unlike others.
The QTM token is the native cryptocurrency of the protocol, and tokens can vote on specific, measurable metrics of the platform. Now is the time to invest in the QTM token as it is currently in its presale stage.