What is the token of the Metaverse called (Metaverse Wallet)
Editor’s note: This article is from BlockBeats (ID: BlockBeats), an authorized reprint by the Daily Planet Daily Metaverse is an open protocol based on blockchain, which allows for the free creation of various applications and products. It consists of numerous projects, including decentralized exchanges, wallets, DeFi, and more. One of its main functions is to enable users to use digital assets for investment in the Metaverse. At present, more than 100 projects have chosen to develop their own Cryptocurrency tokens on Ethereum. For example, Ethereum Classic (ETC) has also adopted a similar method to issue ERC-20 tokens, such as the smart contract platform ConsenSys on Ethereum. In addition, the ecology of many projects has been endowed with value. Many of these ecosystems are built by different teams, one of which is Dex. In the past few months, DeX has successfully attracted a lot of attention. However, due to the development of the market environment and the increase in people’s awareness of DeFi, many projects have chosen to launch new tokens in this field. According to Coinmarketcap data, more than 10 new DeFi applications have been launched since May 2020 This means that the industry is developing very quickly. Although there is currently no system or company in the market that can completely replace centralization, we can still see some DeFi related projects thriving – such as AxieInfinity. However, in the long run, this situation will not change. Therefore, for those who want to participate in DeFi, the most important thing is to understand what DeFi is and how to use it. If you want to become a decentralized financial service provider, you need to know what DeFidApp is. Because DeFidapp is an open source project and allows its Code audit, it is trusted and can be run without a third-party organization. Therefore, you can directly deploy the smart contract of the platform on top of it Simply put, DeFidApps is like a game rule, where players must have a good game interface to play this game. When a user purchases a game, the income generated will automatically be converted into ETH or other mainstream currencies, and then these ETH or other mainstream currencies will be used to pay the user the income. In this way, they can earn rewards and also trade other tokens, such as Stablecoin USDT. However, in some cases, this is simply for the sake of making money. But most of the time, the lack of such incentives will add extra costs to DeFi’s activities and may cause more problems The same applies to DeFI. DeFi lending and liquidity mining are common patterns in Decentralized Finance. DeFi lending agreements can provide various types of collateral. These tokens with high mortgage rates can be obtained through decentralized loan pools; The interest rate of the pledge is higher; It can also be used as a derivative tool to generate more profits and promote the growth of the entire industry. According to official news, Meta Wallet will officially launch a DApp app store (dappreview) supporting Meta Wallet at 20:00 on August 18, 2020, where users can experience decentralized multi-currency transactions, asset management, and NFT collectibles It is reported that Yuanjie Wallet is a safe and convenient multi chain digital asset wallet, with over one million registered users worldwide and a daily cash flow of up to 1 million US dollars; The company has also launched multiple DeFi projects and lending products, including aggregated wealth management, DEX, liquidity mining, cross chain asset management, and more.
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