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The cryptocurrency market has successfully rebounded after the latest crash which happened last week. Now is your best time to invest as the prices are still low.
Cryptocurrencies have widened their use cases and are no longer a simple payment mechanism but offer many other benefits such as decentralised finance (DeFi) where users can borrow or lend assets without undergoing strict checks and KYC.
Traditional banking channels face a lot of structural issues which is why the Mountanaz (MNAZ) aims to become an easy to use DeFi solution for retail players.
To diversify your portfolio, you can also consider Ripple (XRP) and Solana (SOL) as both tokens have widened their utilities and have become mainstream coins.
The Mountanaz (MNAZ) network seeks to remove the complexity currently prevailing in the DeFi sector to make it more accessible to all users.
Retail players often shy away from DeFi because of a lack of understanding of the whole mechanism. The MNAZ Token will be multi-chain and will help users to borrow or lend assets easily and quickly.
The Mountanaz ecosystem, however, will help in providing low-cost peer-to-peer lending solutions and every user will be able to create and access liquidity pools. Since the platform will be powered by multiple networks, problems of low liquidity will not be encountered. It will also help users in saving on gas fees.
Holders of the MNAZ Token will be encouraged to add liquidity because the platform will offer higher APYs than other similar platforms. The initial platform will be deployed on the Binance Smart chain to ensure sufficient scalability.
To ensure a fair price mechanism, Chainlink oracles will be used which is currently one of the best technologies in the blockchain universe. Liquidity monitoring bots will be deployed to ensure the protocol is monitored at all times.
The MNAZ Token could potentially generate higher returns due to its revolutionary new approach to DeFi. It will be offered through a presale soon.
The Ripple network will be utilised to deploy ESG NFTs in a partnership with the CarbonlandDAO and these NFTs will represent the right to visit and stay in areas conserved by the CarbonlandDAO.
CarbonlandDAO is promoting carbon credits for conserving forestland and promoting environmental and social governance.
Investors will be able to get a say by holding these NFTs which will provide membership in the DAO. It will help users to get a voice in environmental conservation efforts and generate revenue at the same time.
The entire network will be powered by the XRP Token and its quick and secure XRP ledger technology. The Ripple blockchain has been promoting environmental conservation and aims to become carbon neutral soon.
The Solana blockchain network has registered an increase of 380% in its DeFi active user base in the past 90 days.
The SOL Token is increasingly becoming popular among DeFi users due to its low transaction costs and high security.
Even as the larger cryptocurrency market experiences a slowdown, the Solana network has managed to march on with a healthy increase among DeFi participants.
Additionally, the SOL Token is being adopted by many developers who wish to provide easy access to loans through the DeFi route.
The Mountanaz Token will directly compete with other major DeFi players and has an inherent advantage since it will be governed through a DAO and will offer users voting powers to decide on all matters.
Current DeFi platforms are strictly regulated and are not very transparent. This could change with the launch of the MNAZ Token.
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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.
