Cryptocurrencies are constantly gaining in value and popularity as people invest in them. While there are many options for which currency to invest in, here are three different DeFi coins that may be worth your time. These currencies all have unique features that could make them attractive investment opportunities. So, if you’re looking for a way to get into the cryptocurrency market, these three coins may be a good place to start.
Mounatanaz (MNAZ): The Newest Addition to the DeFi Arena
Mountanaz (MNAZ) is a borrowing protocol that aims to overthrow the hegemony of traditional finance with the power of DeFi. In traditional finance, the returns promised by banks in return for investments are very low, and information about your investment is not shared with you.
Mounanaz (MNAZ), on the other hand, is completely transparent regarding your investment, thanks to DeFi. The protocol allows you to easily follow all the investments made in the ecosystem, thus preventing a large part of your earnings from being taken over by others. All profits of your investments come to you, so you get rid of the limited profits as in traditional finance.
Undoubtedly, Mountanaz (MNAZ) knows that there will be villains who try to enter the ecosystem and take advantage of it in unpleasant ways. In this context, special security measures are taken against all risks.
Top bots are in place to prevent manipulators from borrowing unusually from liquidity pools. The project managers are making a great effort to have the local token MNAZ also take its place on the global crypto exchanges. MNAZ, which is expected to take its place in many stock markets in a short time, aims to make big profits in this way.
When the number of users entering the ecosystem reaches the desired level, the transition to the DAO governance system will be made. In this system, all users will have the right to vote, where they can directly affect the development of the ecosystem and new decisions.
The total supply of MNAZ is 50 million units. 23.3% of this amount will be offered for pre-sale. 29.1% of the remaining part will be released to foreign markets, and 11.6% will be allocated for distribution to managers and developers.
PancakeSwap (CAKE): One of the Most Popular DeFi Exchanges
CAKE is a cryptocurrency designed on the low-fee model. PancakeSwap (CAKE) provides its investors with the opportunity to generate income with many tools.
PancakeSwap (CAKE), which currently has a market capacity of 2.1 billion dollars, has a daily transaction volume of around 140 million. This high trading volume allows day trading on CAKE if suitable buying opportunities are found.
Theta Network (THETA): Like YouTube But DeFi!
Theta Network (THETA) entered the market claiming to be an alternative to a centralized content distribution network like YouTube. This understanding is at the heart of blockchain technology: to be free from surveillance and regulation and to conduct transactions in a decentralized manner. THETA saw the need for a central authority in content streaming as a problem to be resolved and focused on this issue. To achieve this, it uses a distributed network of users to contribute redundant computing resources.
Video streaming and content sharing require enormous data management and storage capacity. Theta Network (THETA) solves this problem through the existence of peer nodes. Theta Network’s primary streaming service is accessible through Theta.tv.
The system provides secure access to music, movies, and various peer-to-peer streaming platforms. Thanks to the decentralized network, the contents can be watched in the same quality anywhere in the world.
While all three coins have unique selling points, we believe that Mountanaz (MNAZ) could be the best investment for new investors. The other two coins are more established and maybe a better investment for those with more experience in the cryptocurrency market. However, we advise you to do your research before investing in any digital currency. Thank you for reading!