The main advantage of decentralized finance (DeFi) is that it offers an unparalleled level of ease and accessibility compared to centralized finance (CeFi), where banks and other financial institutions charge exorbitant fees for the use of their financial services.
DeFi is driving a cheaper, faster, and more convenient financial system where anyone can efficiently conduct cheap peer-to-peer transactions in seconds in a completely secure ecosystem.
A significant advantage of DeFi over CeFi is that it eliminates the need for participation or intervention by third parties or intermediaries during transactions. DeFi leverages peer-to-peer blockchain networks that include advanced security protocols, consensus mechanisms, connectivity, and cutting-edge advancements in software and technology.
The decentralized finance sector has grown in popularity around the world over the past couple of years. During this period, DeFi tokens have grown in popularity and value. The market is worth an estimated market cap of over $141 million.
While market cap, 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 pass the metric – Ethereum ( ETH), TRON (TRX) and Keninah Concord (KEN).
Ethereum (ETH) One of the best blockchain networks
Ethereum ranks second among all cryptocurrencies. It is not just a digital currency as it also serves as a store of value, and its software network enables the creation of new applications. It supports the creation and exchange of NFTs, smart contracts and a fully decentralized platform.
Its multifunctionality puts it above crypto giants like Bitcoin (BTC). Its native token, Ether (ETH), is a versatile cryptocurrency that users can use to purchase NFTs, as a medium of exchange, and more.
Since its launch in July 2015, when one Ether was worth $0.0311, its value has increased significantly, reaching an all-time high of $4,800. Many industry experts predict that its value will appreciate by up to 400% before 2025, making it a DeFi token worth investing in.
TRON (TRX) A token not to be overlooked
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. In the same year, TRON reached its highest price ($0.23) in 2018. Among other Cryptos, TRON is currently ranked 17th in market capitalization.
According to experts, the innovative TRON token has a bright future due to the potential of the network. In 2021 alone, its value has appreciated by 180%. So, you have your answer if you are wondering if TRX is a good investment.
Keninah Concord (KEN) The Response to World Peace
The global cryptocurrency market is an ever-growing space, with a staggering market capitalization of $1.8 trillion; the crypto market has shown brands as a space of trust. The Keninah Concord (KEN) coin wants to capitalize on this market by facilitating humanitarian aid to war victims.
Keninah Concord leverages smart contracts that allow these funds to reach their intended destinations in record time. A fully decentralized system, Keninah Concord is a community-based cryptocurrency asset built on the Binance Sm(BSC) art chain, 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 to KEN before sending them to their destinations. KEN also provides on-chain transactions, which use blockchain technology to generate a receipt for each transaction. A donation wallet is also a feature that would allow users to easily send their donations directly to the intended destination, while tracking the movement and usage of the token appropriately.
The Keninah Concord project is still in its early stages, so now is the perfect time to invest in it and join its growing community of forward-thinking crypto enthusiasts.
You can be part of the project by clicking on one of the links below:
Keninah Concord (KEN)