Governance tokens are cryptocurrencies that represent voting power on a blockchain project. As of recently, they are mostly integrated into DeFi projects since they need to distribute powers and rights to users in order to remain decentralized. Governance tokens are tokens that developers create to allow token holders to help…

The most important and popular use cases and projects in the DeFi sector, let’s take a closer look now. 1. open credit protocols — accessible to everybody Open credit protocols have in all probability attracted additional attention recently than the other class within the field of DeFi on Ethereum. For the most part because of the meteoric rise in Dai’s use and different P2P protocols like Dharma and also the creation of liquidity pools like Compound Finance…

ERC721 Tokens (Non-Fungible Tokens) Explained The ERC-721 token standard represents a single unique asset that cannot be interchanged. ERC-721 tokens represent a complete asset, such as a certificate or tokenized good, that cannot be divided. Each ERC-721 token holds its own unique contract values, such as a skillfully programmed piece of art, or ownership and…

Decentralization is the process of distributing and dispersing power away from a central authority. Most financial and governmental systems, which are currently in existence, are centralized, meaning that there is a single highest authority in charge of managing them, such as a central bank or state apparatus. There are several…

What Is Circulating Supply? The amount of cryptocurrency coins or tokens in circulation is a fluctuating value that can increase and/or decrease over time. If a cryptocurrency is mineable, new coins can be created gradually via mining. …

What are NFTs? NFT stands for “non-fungible token.” This kind of token is like Bitcoin, except while you can trade Bitcoin and have more of the same thing that represents real money at a varying market value, each NFT is unique. You possess the token that says you own something, like an art…

What Are DEX? DEX is short for decentralized exchange, which is a crypto trading platform built on blockchain technology that allows users to retain control of their funds while converting one token for another. Decentralized exchanges or DEXs are autonomous decentralized applications (DApps) that allow cryptocurrency buyers or sellers to trade without having…

As many sporting events have been cancelled worldwide or held without spectators, clubs need to claw back the losses from unsaleable tickets and impacted sponsorship deals. Increasing fan engagement digitally has become a critical priority. As the industry struggles to survive, new technology in sports is needed. The future of…

What is Decentralized Finance (DeFi)? Decentralized Finance (or simply DeFi) refers to an ecosystem of financial applications that are built on top of blockchain networks. More specifically, the term Decentralized Finance may refer to a movement that aims to create an open-source, permissionless, and transparent financial service ecosystem that is available to everyone and operates…