Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => DeFi tokens => Topic started by: Pheonyx on December 18, 2020, 05:25:52 PM
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Hi guys. Until now I don't have enough understanding what is defi is all about and why it is important nowadays to all of us in digital world?
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The centralized system AKA government system hasn't been working since its creation, their gathered wealth are all about favouritism and nepotism which led to the creation of Bitcoin as Decentralized assets without middle man, you dnt need anyone permission to sent value or equity to any one across the world.
With the emergence of decentralization, Borrowing and lending has been made easier. Imagine borrowing without any other third-party or middle, just communicating with a computer and you get what you want. Isn't that unique and economical with low charge and fees.
For more about DeFi, you may want to go through this https://www.forbes.com/sites/investor/2020/08/14/defi-welcome-to-the-crypto-revolution/amp/
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Hi guys. Until now I don't have enough understanding what is defi is all about and why it is important nowadays to all of us in digital world?
60% people are preferring to get benefits from banking system in their mobile smartphone. DeFI is the projects of such smartphone systems which have no presence of banking system limitations. They can easily transfer money from permissionless.
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If we look at it, we will see that there are many businessmen who have come from there and started investing in DeFi project. The price of the coins in this project is good. More is expected in the future. That’s why so many have started investing here.
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Nowadays, it is seen that more people are willing to earn income with smartphones. Many people are seeing that they are actually going to make more profit in a few days by investing here. Although, There are some risks and then it is seen that people are investing more profits here due to higher profits.
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DeFi gives everyone in the world access to an essentially unlimited number of financial products and services. These opportunities, which range from simple savings products to complex trading platforms, are nearly frictionless, in the sense that they require very little infrastructure.
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DeFi applications do not need any intermediaries or arbitrators. The code bots will specify how any possible disputes are resolved, and users maintain control of their funds at all times. This helps to reduce the costs associated with providing and using these products and creating a smoother financial system.
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Defi is a new project and that is important becasue it make a new way of the crypto market where peoples use the ERC20 and than TRC20 peoples now start use the Defi projects which almost add in the uniswap exchange.
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If you look, you will see that a lot of investors have invested here a few days ago and they have got a lot of benefits from it. Currently there is a DeFi token called YFI which is much higher than the price of Bitcoin. There are some more coins that are in a much better position.
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Defi is important becasue its a new project and its almost coins supply is low than the other coins and also peoples trust on the Defi coins and they love to join that coins.
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Decentralized finance, or DeFi, has been widely seen as a new opportunity to bridge the gap of global banking inequality.
The World Bank states that around 1.7 billion people around the world do not have access to banks, or mobile money. DeFi helps to eliminate the financial barriers in developing countries by creating “permission-less” banking, meaning that unbanked citizens do not need credit checks to begin banking with DeFi.
Anyone with access to the Internet is able to access DeFi.
Without belonging to a bank, individuals can face financial restrictions because of their inability to access credit scores or have specific identification documents required to take out a loan. With cryptocurrency and financial platforms built on a DeFi network, anyone is able to take out a loan as long as they are able to make a deposit.
DeFi can also assist those in developing countries by allowing access to various forms of capital. Sometimes, governments can impose capital controls to help protect the value of their own dollar from dropping. Citizens can invest their finances in cryptocurrencies that mirror the value of other global currencies, like DAI, which pairs the value of the USD.
DeFi has also led to the creation of decentralized marketplaces, increasing the global accessibility and transparency in buying goods and services. Major online retail platforms like Amazon and Etsy act as an intermediary and dictate the rules between buyer and seller. However, with decentralized marketplaces built on blockchain technology, smart contracts have replaced the need for third-party intermediaries. The creation of decentralized marketplaces allows for the ease and accessibility of goods with the added security and anonymity that blockchain technology guarantees.
DeFi helps to alleviate the barriers that unbanked individuals face and can also help protect and increase individual’s assets around the globe.
The DeFi market is expanding every day. As of today, August 21, 2020, there is 6.64 Billion (USD) locked in.
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Decentralized Finance makes a difference to dispense with the monetary boundaries in creating nations by making “permission-less” keeping money, meaning that unbanked citizens don't need credit checks to start keeping money with DeFi.
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One thing that seems to be happening now is that more investors are leaning towards a new project, more inclined towards that new project. By investing in them, many have gotten much better. The price of a new project goes up a lot due to the high demand in the market.
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Hi guys. Until now I don't have enough understanding what is defi is all about and why it is important nowadays to all of us in digital world?
I think the current price of this coin is good. Defy token prices will rise further in the future. This token is slowly gaining popularity among the people. People are investing here
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One thing that seems to be happening now is that more investors are leaning towards a new project, more inclined towards that new project. By investing in them, many have gotten much better. The price of a new project goes up a lot due to the high demand in the market.
Yeah Al that sounds pretty crap to me, Looks like BT aint for me either. Most of the people are coming to the new projects. I think you commented nicely. Thank you
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DeFi is important for cryptocurrency users. Because decentralized finance is able to spread financial services around the world. This means that it is possible to get the services of defi without any kind of centralization. As a result, there is a lot of interest in investing. So DeFi is important.
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65% people are preferring to get benefits from banking system in their mobile smartphone. As a result, there is a lot of interest in investing. So DeFi is important.meaning that unbanked citizens don't need credit checks to start keeping money with DeFi.
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After arrival of defi projects market gets the new aspirations to grow.Yes DeFi is doing very well at this time and have have good impact on the market but I just wish that people should not be so greedy and try to cash out when they can't and also be on the look out for scammers that will use the DeFi opportunity to scam people with fake projects. Over all i support defi for improvement of global crypto economy.
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Hi guys. Until now I don't have enough understanding what is defi is all about and why it is important nowadays to all of us in digital world? I
I think this is not important for every people. Because this is now so much good project. Now this projects every thing is scam. Every bounty has scam.I think this is very bad part to this project.
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Hi guys. Until now I don't have enough understanding what is defi is all about and why it is important nowadays to all of us in digital world?
Defi has convinced investors to come in and make a lot of investment, it really needs awareness for that Defi has a complete package to manage all finances and this investment is very profitable for Defi has also become balanced making financial products and loans also getting better, not thinking that the Defi project is getting better complement finance in the cryptocurrency industry.
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Hi guys. Until now I don't have enough understanding what is defi is all about and why it is important nowadays to all of us in digital world?
60% people are preferring to get benefits from banking system in their mobile smartphone. DeFI is the projects of such smartphone systems which have no presence of banking system limitations. They can easily transfer money from permissionless.
thank you so much sir to share this important news you're also right. I agree with you. I Know 60% people are preferring to get benefit from banking system in their Mobile smartphone. I think this is great opportunity for all. Because defi is the projects of such smartphone system which has no banking system limitations.
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Dafi is very important to all of us. Because most people are currently using this coin. About 60% of cryptocurrency people are interested in it. Everyone in the present is speculating about it. This is of course necessary for us. Because people are making a lot of profit from this hold. If you can hold it in the long run, you will get a lot of benefits.
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In this generation people are not wiling to bound or limited in a place. They try to free form the all aspects of life especially form currency transaction. I think defi is the solution for limited transaction.
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I Know 60% people are preferring to get benefit from banking system in their Mobile smartphone.very profitable for Defi has also become balanced making financial products.s a result, there is a lot of interest in investing. So DeFi is important.
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I don't know bro why DeFi is important. Because I am a new crypto lover in cryptocurrency. But of I think this project has a lot of importance Because at present many people are using these projects. The senior brothers of the forum can tell the details.
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If someone cannot really understand what defi is, and also understand the benefits of centralized finance for society, then let them turn their attention to Bitcoin and Ethereum, and what these cryptocurrencies offer people. Bitcoin and Ethereum are the first applications of DeFi. Both cryptocurrencies are controlled by large computer networks rather than centralized control.
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In fact, DeFi is an advanced type of platform. Its impact is felt across the cryptocurrency market. Currently, DeFi platforms are improving day by day. So the popularity of DeFi is increasing all over the world.
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In fact, DeFi is an advanced type of platform. Its impact is felt across the cryptocurrency market. Currently, DeFi platforms are improving day by day. So the popularity of DeFi is increasing all over the world.
There is an opinion that it is time for DeFi projects to pass and another industry will come to the cryptocurrency market, where cryptocurrency users will raise a lot of excitement in order to earn as much as possible with the help of the innovation.
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The DeFi project is new but its popularity is increasing day by day. The current DeFi platforms are moving forward. And investors have mostly come to invest on DeFi. And joining the DeFi's currency. Due to which DeFi projects have gained popularity at present.
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Currently we can see that most of what can be given is being invested in this deficit project. The reason is that people's attention is increasing towards this project for three days. The reason is that the price of this token is increasing day by day That is why small businessmen and big businessmen are catching people towards this project. The future of this token is going to be very good.
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Defi has revolutionized the crypto world, the crypto world is advancing in the storm of Defi. Defi is very important to crypto users. Defi is decentralized money, which is able to spread financial services worldwide without any kind of centralization. As a result, people's interest in investing in Defi projects is increasing.
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In this economic crisis due to Covid19 in which this pandemic has driven global interest rates even lower., DeFi potentially offers much higher returns to savers than high-street institutions: Compound, for example, has been offering an annualized interest rate of 6.75% for those who save with stablecoins. Not only do you get interest, but you also receive Comp tokens, which is an added attraction. With most of the people without bank accounts in possession of a smartphone, DeFi also has the potential to open up finance to them.
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Currently most people are showing the most interest in these deficient coins.Defy tokens are already on everyone's list of favorites.Currently, various investors are investing the most on deficient tokens.I think these coins will be the most popular in the future.
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Currently most people are showing the most interest in these deficient coins.Defy tokens are already on everyone's list of favorites.Currently, various investors are investing the most on deficient tokens.I think these coins will be the most popular in the future.
Yes, we need to wait for big money in Defi coins.
Projects are still early and we can see huge grow here if more people join and invest big money.
After few year I expect very high prices, we just need to be patience.
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We have all seen DeFi as the main driver for the growth of the crypto market in 2021 and now DeFi is the battleground of leading blockchains such as Ethereum, Tron, BSC, Cardano... DeFi ensures stable profits for investors from the liquidity pool, allows them to use loan protocols easily, it can be said that blockchain platforms exist to serve a complete DeFi in the future.
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Currently most people are showing the most interest in these deficient coins.Defy tokens are already on everyone's list of favorites.Currently, various investors are investing the most on deficient tokens.I think these coins will be the most popular in the future.
Yes, we need to wait for big money in Defi coins.
Projects are still early and we can see huge grow here if more people join and invest big money.
After few year I expect very high prices, we just need to be patience.
I believe that all promising projects over time will show good results, but only if the team really does everything possible to achieve the desired goal. this applies not only to DeFi projects, but also to other projects in the cryptocurrency market.
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I didn’t trust DeFi in the beginning. Seeing the enthusiasm of the people towards the DeFi project, one day I invest in DeFi. And i make a good profit from the Defi project. At present, Defi is my main source of earning.
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There are important reasons for all of us. The way the price of Defy Token is going to increase, it is expected that its price will increase a lot at some point. The whole world will run through Defy Token and Coin. So now all people need tokens and coins.
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DeFi gives everyone in the world access to an essentially unlimited number of financial products and services. These opportunities, which range from simple savings products to complex trading platforms, are nearly frictionless, in the sense that they require very little infrastructure.
Yes you are right now i want to just defi is last year gets more popularity.and day bay day investor knows about defi cause some project performed very nice just like example MKR.
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The Defi platform is a very good platform because Defi is currently undergoing a lot of improvements. Within a few days, the Defi platform has come a long way compared to the unique platform. The Defi Platform is much better.
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The Defi platform is a very good platform because Defi is currently undergoing a lot of improvements. Within a few days, the Defi platform has come a long way compared to the unique platform. The Defi Platform is much better.
DeFi nowadays are blooming. In fact if I'm not mistaken almost of the DeFi coins are glowing started from last Month. DeFi platform helps the crypto enthusiasm to use their platform easily. I think the bloom of DeFi is not yet done. There are more good things are possible to happen more specifically this year of bullish.
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It is currently seen that 58 percent Transacts through mobile smart phones. It is within the reach of human beings.Working in this Defy project because of having a mobile at hand Many things can be easily traded.Over time, these defy projects are gaining popularity day by day. The position in cryptocurrency is much stronger.
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It is currently seen that 58 percent Transacts through mobile smart phones. It is within the reach of human beings.Working in this Defy project because of having a mobile at hand Many things can be easily traded.Over time, these defy projects are gaining popularity day by day. The position in cryptocurrency is much stronger.
DeFi project and not DeFy.
By the way, have you ever loaned or invested money to the DeFi platform?
I can only buy coins from DeFi platforms like UNI and DAI but never use the financial loan feature of their platforms
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I think currently DeFi is for everyone Very important.Because all the projects that are being brought now Most of them are DeFi projects.Especially the current DeFi platforms Many are improving due to which it has gained a lot of popularity DeFi platforms.So DeFi projects are very important to everyone.
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This is a new way of how the project is developed with something different. Defi is commonly introducing coins with more features and also utility.. The utility itself that make s a defi coin to be trusted when they can really maximize the utility of the token or coin itself.
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At present, investors are getting more profit in defi coins than all other coins, that is why they are involving more here.
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Nowadays DeFi platforms have become much better and more popular.Due to which the tokens of DeFi Much impertinent in the future.Because DeFi will change a lot in the future.So DeFi is one of the best platforms.
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Everything is changeable and the change we have seen in crypto is defi. The only place for investors right now is on the deficient projects that are putting the most pressure on these coins. The demand is increasing day by day.
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Perhaps the most important situation where cryptos gain functionality is defi.
Since Defi was released, people have been exposed to fake Defi victims. When the defi wind blew, hackers attacked a lot. Let's see how Defi will be in the future.
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Hi guys. Until now I don't have enough understanding what is defi is all about and why it is important nowadays to all of us in digital world?
DeFI is the technical tools of bonding cryptocurrencies with finance system. It's a direct business systems where we can't meet any Third parties presence. Day by day Decentralized Finance projects are becoming boomed and popular.
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DeFi is very important for everyone. Because nowadays most people benefit from investing in the platform then this Defi platform.Most of the projects on the Defi platform are listed as very good exchanges.So if you can invest in any of Defi's platforms, it is possible to make a lot of profit from it.That is why it is so important for everyone.
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DeFi is important primarily for countries where banking services are not available to many people. And thanks to mobile applications from DeFi platforms, they can use credit and money transfer services . For traders and investors, this is a super-profitable investment to generate income.
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DeFi is important primarily for countries where banking services are not available to many people. And thanks to mobile applications from DeFi platforms, they can use credit and money transfer services . For traders and investors, this is a super-profitable investment to generate income.
I can't even imagine where there are such regions, Where the Internet works, but banking institutions are inaccessible. in any case, it is logical to assume that such defi applications provide unlimited opportunities for remote access to their funds, especially if there are no bank terminals or terminals in stores, as well as for online payments.
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DeFi is important primarily for countries where banking services are not available to many people. And thanks to mobile applications from DeFi platforms, they can use credit and money transfer services . For traders and investors, this is a super-profitable investment to generate income.
I can't even imagine where there are such regions, Where the Internet works, but banking institutions are inaccessible. in any case, it is logical to assume that such defi applications provide unlimited opportunities for remote access to their funds, especially if there are no bank terminals or terminals in stores, as well as for online payments.
Yes, there are countries where people are not available for banking services and they do not have bank accounts and cards, I read about it . This is mainly in the countries of Africa, where the standard of living is very low . In these countries, mobile applications from DeFi projects perform banking functions.
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By 2020 most DeFi services will be expanded worldwide. So in 2020 most of the projects have been successful. However, the initial project ZYX was not successful. The condition of this token got much worse in a lot of competition. Currently, the situation in India is not very good. Thus the importance of defi projects is highest in the cryptocurrency market.
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DeFi is the best platform.Currently DeFi projects are very popular Got it.Due to which DeFi is of investment For investors are very interested.Which is very important for us DeFi is the best platform.Due to which DeFi in cryptocurrency markets The projects are showing the most improvement.So DeFi is a lot for the future Important.
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The most important thing that a person can get thanks to DEFI is financial independence.
Despite the fact that the decentralized application sector is just developing, there are already quite a few benefits. The main thing is that any user can get one or another financial service, for example, lending, bypassing the bank.
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Defi is the next generation of banking, not all people can invest in stocks, banks because of so many documents needed and qualifications are overrated but defi makes it all simpler than ever everyone can invest and join the party anywhere in the world with no borders.
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I don't know bro why DeFi is important. Because I am a new crypto lover in cryptocurrency.
DeFi is a abbreviation for Decentralized Finance which change the flow of cryptocurrency and finance. If we don't know something we can try to use the google to find out the meaning and importance. DeFi is important because it is decentralised finance that influence crypto place to a better service.
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The reasons Decentralised finance (Defi) is importance is simply to brings the transparency and security of distributed ledger technologies to traditional finance use cases, while reducing inefficiencies and solving pain points. Defi intended to migrate from the current infrastructures to more robust, secure, and efficient systems.
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The fact is that centralized finance provides new opportunities for all users to make independent payments, as well as for those who previously refused to cooperate with the banking system.
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The centralized system AKA government system hasn't been working since its creation, their gathered wealth are all about favouritism and nepotism which led to the creation of Bitcoin as Decentralized assets without middle man, you dnt need anyone permission to sent value or equity to any one across the world.
With the emergence of decentralization, Borrowing and lending has been made easier. Imagine borrowing without any other third-party or middle, just communicating with a computer and you get what you want. Isn't that unique and economical with low charge and fees.
For more about DeFi, you may want to go through this https://www.forbes.com/sites/investor/2020/08/14/defi-welcome-to-the-crypto-revolution/amp/
That's all right. The main task of all governments is to take into their own hands and control all the financial transactions of every citizen. Cryptocurrency is the collapse of the financial foundations of many states. Now we see that many countries are beginning to take cryptocurrencies for granted, as one of the financial instruments. This is the future, and it is inevitable. Fiat money is slowly turning into an unsupported "paper".