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defi trends 2020

DeFi tokens are end user entities which will act as a medium for users/ Traders/Customers or investors to take a vital part and experience the financial services in a newly created DeFi application.

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defi trends 2020

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  1. Top 10 Defi Tokens and Trends

  2. What are Defi Tokens? DeFi tokens are mostly ethereum tokens, they may be asset pegged, fiat pegged, crypto pegged or whatever. DeFi tokens are end user entities which will act as a medium for users/ Traders/Customers or investors to take a vital part and experience the financial services in a newly created DeFi application.

  3. DeFi Token Trends 2020

  4. COMPOUND DAI - COMP Token COMP token is an ERC 20 asset pegged token which runs on ethereum network. Created by COMPOUND- In defi terms compound is a market money or lending protocol.

  5. Maker - MKR Maker is also a leading lending protocol, which was responsible for the creation of DAI - A stable coin.

  6. 0x Protocol - ZRX It is a liquidity protocol used to provide liquidity services for various decentralized exchanges. Creators : 0x.org Market Cap : $282,789,023 Explorers : etherscan.io, ethplorer.io, blockchair.com Total Supply: 1,000,000,000 ZRX

  7. Kyber Network - KNC Token KNC is the native token of Kyber.Network - A DEX platform, KNC will be burned by the collected fees from the exchange. Market Cap: $327,511,105 Explorers : etherscan.io, ethplorer.io, blockchair.com Total Supply: 210,623,056 KNC

  8. Synthetix - SNX Token It's a derivative protocol backed by its native token SNX. Recently Binance has listed SNX tokens for trading. To mint derivatives(Synths) users have to stake a minimum of 750% of Synths in the Value of SNX. Creators : Synthetix.io Market Cap : $387,277,440 Explorers : etherscan.io, ethplorer.io, blockchair.com Total Supply: 190,075,446 SNX

  9. UMA- UMA Token UMA is also a derivative protocol backed by its native token UMA. This protocol is used for the creation of permissionless synthetix assets. Creators : umaproject.org Market Cap : $112,547,696 Explorers : etherscan.io, ethplorer.io Total Supply: 100,224,817 UMA

  10. Read more here Top 10 DeFi Tokens & Trends To Watch Out In 2020

  11. www.bitdeal.net Reach Us Phone: 9677555651 Mail: sales@bitdeal.net

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