Decentralized finance, also known as DeFi, is a new way of finance, giving people full financial freedom by removing the need for a centralized third-party such as a bank or government authority. The main way this is achieved is through cryptocurrency which was initially introduced through Bitcoin (BTC) in 2009. Now, a new cryptocurrency has emerged called Cryptoons (CTOON) which aims to help society accept DeFi.
DeFi Began With Bitcoin
Bitcoin was the first cryptocurrency to exist and was launched in 2009. Now, over a decade later, Bitcoin is the largest cryptocurrency in the market and has come a long way since it was introduced. Over the years, Bitcoin has seen major highs and major lows, but it has never been replaced as the biggest cryptocurrency.
Bitcoin holds a lot of power and influence in the market and is largely credited for the introduction of decentralized finance as it introduced the idea of cryptocurrency to society. As other cryptocurrencies have been inspired and influenced by Bitcoin so they can reach similar levels of success, Bitcoin has played a large role in the development of the crypto market.
Now, crypto has evolved and has been accepted globally by society. Becoming more common in our everyday lives such as various companies and restaurants accepting crypto as payment, decentralization seems to be the future of finance. By removing the need for banks to make purchases and transactions, individuals have started to realize that they do not need to rely on a centralized authority to make financial decisions.
Cryptoons Continues To Shape The Future
Many cryptocurrencies use a decentralized structure to ensure that people are given full transparency and control over their funds. As the market continues to develop and evolve, it seems as if many cryptocurrencies are focusing on this more than ever seen before.
Cryptoons is a new cryptocurrency that is currently in presale. Unique from any other in the market, Cryptoons targets cartoon lovers and has created a fun platform that focuses heavily on NFTs. As NFTs have been gaining immense popularity in recent years, Cryptoons aims to capitalize on this, as well as provide users with new and unique cartoon-based NFTs.
Acknowledging the importance of decentralization and how DeFi will soon become the future of finance even more so than it is now, Cryptoons ensures to have a fully decentralized structure and will be powered by a loan pool. This allows the submission of NFTs as collateral to fulfill the financial liquidity needs of a collector. With its users in mind, it seems as if Cryptoons has come up with a strong plan on how to become big in the market and become a potential market leader in the long term.
Due to launch in the upcoming months, it seems as if Cryptoons has learned from Bitcoin and offers a unique and evolved platform for crypto users and NFT lovers. However, it is recommended to further your research before making any crypto-related purchases due to the unpredictability of the market.
For More On Cryptoons (CTOON):
Presale: https://www.cryptoons-token.com/how-to-buy
Website: https://www.cryptoons-token.com/
Telegram: https://t.me/CryptoonsTokenOfficial
