Someone asked why #fantom is the best #DeFi coin? Let's answer that.
First of all, for finance you need instant tx speed and low costs. There are many daytraders in the space and in the world, that can not afford to wait minutes if not seconds. Fantom's consensus algorithm covers that.
Secondly, fantom has a finance built in the wallet. It's one of a kind. All the finance apps are built as dapps. But in fantom, you can make everything from a single wallet. You can send, receive, make bets on other cryptos and even gold-silver-oil and there are more to come.
Thirdly, liquid staking. There was always a question of "staking or yielding". With liquid staking, you can stake and participate in decentralized finance. Using staked tokens as collateral makes so much sense, and fantom made it real
Fourthly, real world usage. There are limited number of coins with a real world usage, fantom already made a deal with Afghanistan ministry of health, and the biggest electricity company of afghanistan. The usage means demand, the demand means value.
And lastly, the man who made #DeFi go ballistic is working with fantom day by day. #FantomFinance was his idea, and he will probably merge his projects with fantom. If you know really who Andre Cronje is, you know Fantom's finance has a really good future.
Besides those, team is building every day to make this thing decentralized. Governance is really cool if you ask me. Also, #etherscan team built a explorer for #fantom. Wonder why.
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1. Today's last thread. It's not about $ftm, but a project i love. It's about @CoverProtocol. Despite the last bug news, i still love the project. I hate middlemans all my life, and insurance companies are one big middle mans. Let's start.
2. If you think about insurance, it's like a reversed lottery. In lottery you win by a small chance. For example you buy a ticket for 5$, prize is 1000$, but you have a chance of 1/1000. Lottery ticket's value is 1$, but they sell it for 5$.
3. Insurance is reversed of that. Let's take fire insurance for example, and for this thread. 1000 people buy insurance for 500$, and a cost of fire is 10.000$, and fire risk is %1. The company sells 100$ insurance for 500$ and take profit.
1. This is going to be a huge thread about #fantom $ftm. All my thoughts and speculations. Do your own research before getting any. But i would like to share my knowledge and research with you all.
2. Fantom has signed a deal with DABS, which is the biggest energy/electricity distributer in Afghanistan. And Afghanistan has raw minerals worth about 3 Trillion dollars. Especially lithium is important for modern smart cities. cnbc.com/2017/08/18/tru…
3. This 3 trillion dollar worth of natural resources make Afghanistan a warground. Everyone wants a piece of that cake, so no one gets it. It was a lose-lose situation for a long time. China even offered bounties to kill US soldiers to Afghan militans. dw.com/en/china-offer…