The primary benefit of Decentralised Finance (DeFi) is that it offers an unrivalled level of ease and accessibility as opposed to Centralised Finance (CeFi), where banks and other financial institutions charge exorbitant fees for the use of their financial services.
DeFi is piloting a cheaper, faster, and more convenient financial system where everyone can efficiently conduct cheap peer-to-peer transactions within seconds in a completely secure ecosystem.
A significant advantage of DeFi over CeFi is that it eliminates the need for the participation or intervention of third parties or intermediaries during transactions. DeFi leverages peer-to-peer blockchain networks that comprise advanced security protocols, consensus mechanisms, connectivity, and cutting-edge advancements in software and technology.
The Decentralised Finance industry has gained worldwide acceptance over the past two years. During this period, DeFi tokens have grown in popularity and value. The market is worth an estimated market cap of more than $141 million.
While market capitalization, long-term growth, market price, and exchange value are key indices to check when choosing a DeFi token to invest in, these three DeFi tokens ace the metric- Ethereum (ETH), TRON (TRX), and Keninah Concord (KEN).
Ethereum (ETH) One of the Best Blockchain Networks
Ethereum ranks second amongst all cryptocurrencies. It is not just a digital currency because it also serves as a store of value, and its software network allows for the creation of new applications. It supports the creation and exchange of NFTs, smart contracts, and a completely decentralised platform.
Its multi-functionality makes it superior to crypto giants like Bitcoin (BTC). Its native token, Ether (ETH), is a multipurpose cryptocurrency that users can use to purchase NFTs, as a means of exchange, and so much more.
Since its launch in July 2015, when one Ether was worth $0.0311, it has greatly increased in value, reaching an all-time high of $4,800. Many industry experts forecast its value will appreciate up to 400% before 2025, making it a DeFi token worth investing in.
TRON (TRX) A Token You Shouldn’t Overlook
Founded in 2017, TRON (TRX) is an open-source blockchain technology widely used by content creators. Originally built on the Ethereum-based ERC-20 token, TRON switched to its native blockchain protocol, TRON, in 2018. That same year, TRON achieved its highest price ($0.23) in 2018. Amongst other Cryptos, TRON is currently ranked 17th in market capitalization.
According to experts, TRON’s innovative token has a bright future due to the network’s potential. In 2021 alone, its value appreciated by a whopping 180%. So, you have your answer if you wonder if TRX is a good investment.
Keninah Concord (KEN) The Answer to World Peace
The global cryptocurrency market is an ever-growing space, with a staggering $1.8 trillion market capitalization; the crypto market has shown marks as a trusted space. The Keninah Concord coin (KEN) is keen to leverage this market by facilitating humanitarian aid for war victims.
Keninah Concord leverages smart contracts that enable these funds to reach their intended destinations in record time. A fully decentralised system, Keninah Concord is a community-based cryptocurrency asset built on the Binance Smart Chain (BSC), allowing over 160 transactions to be processed per second at the lowest possible cost.
Keninah Concord seeks to provide a payment gateway to convert other cryptos such as ETH and BTC into KEN before sending them to their destinations. KEN also provides On-Chain Transactions, which uses blockchain technology to generate a receipt of each transaction. A donation wallet is also a feature that would allow users to easily send their donations directly to the intended destination, while also tracking the movement and usage of the token appropriately.
The Keninah Concord project is still in its early phases, so now is a perfect time to invest in it and join its growing community of forward-thinking crypto-enthusiasts.
You can become a part of the project by clicking any of the links below:
Keninah Concord (KEN)
Presale: http://join.keninah.io/
Website: http://keninah.io/
Disclaimer: This is a featured content
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