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Ethereum and HachiFi: 2 DeFi Platforms With Numerous Use Cases That Could Make You Rich

IndustryTrends

New crypto HachiFi (HACHI) is a decentralized, next-generation, layer-3 platform that strives to deliver several financial opportunities to crypto traders in the decentralized finance (DeFi) space. The platform also incorporates Metaverse and web 3.0 features into its portfolio.

The fundamental mission of this project is to create a platform for raising and caring for NFT creatures. HachiFi (HACHI) will also build a decentralized application (dApp) platform that will feature token swapping, a wallet, a stake system, and rewards.

HachiFi's Core Functions

The HachiFi NFT Platform is a collection of 2,000 unique, farmyard-reared creatures, including ducks, pigs, cows, dogs, cats, and sheep. The NFT market on this protocol combines yield farming, to create NFT farming or breeding.

Yield-Farming refers to the process by which users lend crypto to a DeFi platform to earn rewards. In order to breed limited edition NFTs, users stake the HACHI token they purchase on the Binance Smart Chain on the HachiFi farm. This process is known as NFT farming or breeding. These non-fungible tokens can then be sold on popular NFT marketplaces like OpenSea or Rarible.

The future utilities of HachiFi NFT creatures include the following:

  • Serving as physical and digital collectibles such as trading cards, stamps, or any assets the collectors wish to tokenize.
  • Representing real-world properties in real estate that can be used to transfer land deeds and provide proof of ownership.
  • Storing an individual's medical records without compromising confidentiality, or risking interference from external factors.
  • Representing academic credentials by providing proof of attendance, degree or certifications earned, and other vital information.

HachiFi Governance

Users will govern the HachiFi tokens or NFTs on the ecosystem. Users can also vote through HachiFi's Decentralized Autonomous Organization (DAO) on policies leading to the platform's development.

Furthermore, HachiFi will accept users who have confirmed their governance token's ownership of their DAO. Token holders can also delegate voting power to other members of the DAO.

HachiFi's (HACHI) key benefits

The utility token of the HachiFi ecosystem is known as HACHI. The token will play a key role in expanding the adoption of decentralized finance globally.

These tokens will power all of the projects on the HachiFi platform. These include its core products and services. The token will also help to establish the credibility, accountability, flexibility, and independence of its native platform to users worldwide. BNB will be used to purchase HachiFi in its presale stage.

Other functionalities of the HachiFi token are:

  • Breeding Non-fungible Tokens (NFTs) creatures.
  • Payment of HachiFi Swap fees.
  • Reduction of exchange fees.
  • Provision of liquidity for stablecoins

Comparing HachiFi (HACHI) with Ethereum (ETH)

Ethereum (ETH) is among the first generation cryptocurrencies which leverage Blockchain technology to build Smart Contracts, also known as decentralized application dApps. This protocol is used to develop the Ethereum Virtual Machine (EVM), which can be used for numerous utilities. EVM is used to create projects like Acebusters, Ether Dungeons, messaging platforms, etc.

Its utility token, known as Ether ETH, is used for paying miners on its ecosystem, swapping to other cryptos, trading, and so on.

HachiFi offers more exciting features that will ensure more crypto adoption with their DeFi and NFT products, allowing users to earn a passive income. Join now to enjoy a tremendously rewarding system for your activities in the crypto space.

Anyone who purchases HachiFi (HACHI) with Binance Coin (BNB) during its presale will receive a 25% bonus for using BNB.

To find out more about HachiFi (HACHI) visit the links below:

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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.

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