Cryptocurrencies drive a financial revolution that provides the benefits of security, lower transaction costs, and borderless settlements, etc. Thus, stablecoins often are used as collaterals in crypto exchanges and decentralized finance applications.
Dollar-Cost Averaging is an investor-friendly strategy that allows users to gain exposure to the market systematically. This strategy typically produces better results than that of a beginner trader but to each their own.
The world-leading crypto exchange, Binance, uses its unique Binance Earn suite to provide users a range of yield-bearing products. In short, this seamless feature allows one to utilize their crypto assets to earn passive income.
The most significant adoption will be mainstream businesses using smart contracts for daily use. Imagine going to the grocery store with no wallet, no paper bills, and only your mobile device to sign agreements using smart contracts.
NFTs are witnessing growing speculation among NFT fans, leaving NFTS on track to be a massive industry in the future; collectible assets like CryptoKitties and CryptoPunks have proven the potential in the past.
As blockchain technology and adoption advances, the need for cooperation and interoperation between different platforms is ever more necessary. Token bridges will be an essential way of networking the different blockchains.
Impermanent loss (IL) is a loss of funds that a user will incur when they provide liquidity on Automated Market Making (AMM) exchanges. AMM’s utilize an algorithm and game theory to generate liquidity, in turn, creating IL through the arbitrage opportunities presented.
There are two fundamental categories that token models can fit into, deflationary or inflationary tokens. On this latest series, Cryptonomics, GoonTrades will dive into the realm of deflationary tokens.