Don’t Miss Out On These Three DeFi Tokens – PancakeSwap (CAKE), Binance Coin (BNB), and Youniverze (YUNI)
Don’t Miss Out On These Three DeFi Tokens – PancakeSwap (CAKE), Binance Coin (BNB), and Youniverze (YUNI). This is a sponsored advertising post. Nothing in this content should be construed as advice, it is meant for informational purposes only.
Crypto enthusiasts are catching the groove of the rewarding and promising DeFi ecosystem. The DeFi ecosystem is fast proving itself as a frontier and one of the best performers amongst other crypto tokens. In 2020, DeFi tokens outperformed the BTC, a move which signaled promises and increased gain for crypto enthusiasts.
Reasons, why DeFi is positioned for expansion, is not far-fetched as it allows for users to gain overall control over their financial future while gaining access to new digital assets, improved rates, and lower transaction fees.
Knowing the best pick from the high performing DeFi token is key to reaping from the DeFi ecosystem. This article analyses the best DeFi token you should invest in and why – PancakeSwap (CAKE), Binance Coin (BNB) , and Youniverze (YUNI).
With PancakeSwap (CAKE), you can have your cake and eat it. PancakeSwap affords you relatively lower transaction fees, lots of staking options and great liquidity.
PancakeSwap (CAKE) is positioned as one of the leading Decentralized exchanges in the crypto market, its native token- CAKE offers high yield and is an excellent passive income source. Built on the Binance Smart Chain, PancakeSwap has the greatest number of daily users on any dApp.
PancakeSwap allows for exchange of BEP-20 tokens from its users and has robust wallet integration and supports a large variety of wallets such as MathWallet, TokenPocket, MetaMask, TrustWaller and WalletConnect.
BNB is one of the most widely used and profitable cryptocurrencies in the world today. Built initially on the ERC-20 Ethereum blockchain (now runs on the Binance Chain), BNB offers ease of access to its users as it facilitates smooth exchange of a wide range of cryptocurrencies. Users can buy, sell and trade with ease. Additionally, you can make online purchases gift cards, crypto credit card bills, entertainment, travel and lots more.
Another great advantage of the Binance platform is that, the charge for all BNB transactions on Binance is just 0.1%, and the transactions are completed at a very fast rate. Also, you can earn a 4% commission when you refer a new user to the Binance platform.
Despite the inherent risk in every cryptocurrency, BNB offers a lesser risk when compared to other cryptos because it excels in two crucial factors- the availability of the Binance exchange and the presence of BSC. The future of BNB appears promising all thanks to these factors.
Youniverze is aiming to be the Queen of DeFi exchanges, it will serve as the next ultimate multichain go-to platform for crypto trading, sourcing, and bridging throughout the globe
Youniverze is similar to most DeFi exchange platforms but possesses some unique functional distinctions. Youniverze gives the best prices to its users by identifying the most cost-effective bridge or DEX with the cheapest swap rate.
Also, the Youniverze platform is user-friendly and easy to navigate, Users can also access numerous liquidity providers at once, including in-chain and multichain liquidity providers. Youniverze finance is also intended to support a range of blockchains to facilitate smooth exchange. Youniverze (YUNI) is also keen on giving rewards and incentivization to early adopters of the platform.
Although, the presale date for Youniverze (Youniverze Finance ecosystem’s native token) has not been announced at the time of writing this article, the token is one to keep an eye for as it will be used to pay for all services and transactions in the ecosystem and rewards tiering and governance.