Cryptocurrencies are very popular again and more and more people are wondering if they can invest in these digital coins. The technology behind these coins is also developing further, so there are DeFi coins nowadays. Also, many casinos rely on this technology, such as Lucky Block. However, there are many other non GamStop casinos, like Justuk.club, that offer better playing experience and more bonuses.
Read more about what these coins are or start investing right away!
What Are DeFi Coins?
The abbreviation “DeFi” stands for ‘Decentralized Finance’. Decentralization is one of the most important features of cryptocurrency, almost all crypto coins are built in a decentralized way.
This means that no one party has power over what will happen to the project and the currency in question. The information is spread among all users and no one can manipulate it alone.
For many people, this is also one of the most important advantages of cryptocurrency. With our own currencies such as the Euro, a central bank can decide to print a lot of bills, in principle the other euros will then be worth less.
However, DeFi Coins are not all decentralized cryptocurrency. DeFi coins are only about the cryptocurrency that is concerned with providing a financial solution to customers.
You can think of cryptocurrency specifically intended for a broker, exchange or bank. In addition, most DeFi Coins are also DeFi tokens that are built on the Ethereum Blockchain network.
You can create your own token on the Ethereum network and process smart contracts in it. With a smart contract, an agreement has been processed in the token, so that things take place automatically when certain criteria in the smart contract are met.
How Can I Buy DeFi Coins Myself?
If you want to start investing in DeFi Coins yourself, there are several steps you need to go through. In this step-by-step plan you will find detailed information per step so that you can start buying DeFi Coins yourself without any problems.
There are different ways to invest in cryptocurrency and you have the choice. So, read carefully the differences between the ways to buy DeFi Coins so that you know where you stand.
Top 5 Best DeFi Coins
When all cryptocurrency prices flew into the air last time, there were still few DeFi Coins. During the price increases in 2021, there were now dozens of cryptocurrency projects that have been designated as DeFi Coins. So there has been a proliferation of different DeFi coins, and we selected the best for you.
Below you will find a small DeFi Coins list with the best DeFi Coins based on application and market value. You will find a small explanation of what is the purpose of these coins and the best DeFi Coins platforms behind these projects.
1. Tamadoge (TAMA)
If you are looking for the best crypto coins you will regularly come across the name of Tamadoge, this is a crypto project that combines the best of different sectors within the crypto market into a final product.
In Tamadoge you will find aspects of blockchain gaming, play-to-earn systems, non-fungible tokens and DeFi. There may also be an option to strike in the future.
You will soon be able to buy Tamadoge at various crypto exchanges. It’s about time too, because there is a lot of demand for their own TAMA token. During the presale, a billion of these were already sold for a total of € 19 million. The expectation is that even more people will join the listings.
2. Battle Infinity (IBAT)
Battle Infinity is a project that first became available on exchanges in 2022. This is also a platform, which consists of six different parts.
The most interesting part and showpiece of Battle Infinity is the IBAT token. This crypto coin can be traded at various CEX and DEXes. The token is very popular at DeFi provider PancakeSwap, among others, and IBAT rose sharply in value.
Battle Infinity hosts crypto games that are play-to-earn. This means that for playing the game, users are paid in crypto coins, in this case IBAT, which they can use to buy items for the game or to swap with a DeFi provider.
Other features of Battle Infinity are the IBAT Premier League, the Battle Arena, its own Marketplace for NFTs and the Battle Swap, an exchange platform for IBAT with the same features as DeFi exchanges.
3. Lucky Block (LBLOCK)
Lucky Block is one of the favorites nowadays. After the pre-sale and launch, the price of this coin had skyrocketed. Experts think it is an interesting project and are curious whether the price can rise even more.
Lucky Block is still a fairly new project. It was launched in February 2022. At the beginning, the price of the currency can rise very much, but also fall very much. It’s very volatile.
4. DeFi Coin (DEFC)
DeFi Coin is the token for DeFi applications for the coming year. It also claims to be the future of algorithmic trading itself, and to be a community-driven protocol and DeFi token with various features.
In addition to buying and selling DeFi Coin, you can also swap different tokens for each other on the DeFi Coin platform with the ‘DeFi Swap’ function. It is also possible to stake DeFi Coin at attractive annual interest rates so that you can earn extra tokens.
5. Pancake Swap (CAKE)
Pancakeswap is relatively young, as it is a protocol with its own token that has existed since September 2020. Also, Pancakeswap allows users to exchange their coins for other coins, or to stake existing coins.
Pancakeswap also offers liquidity pools. This means that users can pool their coins to passively collect interest on their coins. Pancakeswap’s liquidity pools are automated.