Cosmic FOMO

Flexibility, speed, anonymity and accessibility for all are synonyms that characterize the ideal product. And if we say that we’re talking about finance, half of you will close this page with disbelief and go about your business. But the other half, who will stick to the screen, will know that we are discussing Decentralized Finance (DeFi).And if you’re still in the mood to join the second group of enthusiasts, then in this article you will learn what this means, what DeFi is for, what the implementation of this financial system in your product gives you, and what kind of DeFi projects exist.Cold, tough, and honestTo put it simply, DeFi are projects that choose an alternative — a decentralized one — instead of traditional banking instruments and are created on the blockchain.Such projects have a number of advantages that we can’t fail to mention:● Immutability. You can be sure that no one will get in with their naughty hands to change the data and then say: “ That’s the way it was”. That’s impossible.● Protection against unauthorized access. Smart contracts issued on the blockchain cannot be tampered with without being seen by all other blockchain participants. If someone wants to pull off a transaction, everyone will know about it. Which is also a guarantee of security.● Transparency. The smart contracts that make decentralized applications work are open to audit. Anyone can access the details. No skeletons in the closet, no matter how much you want to &#x1f642;● Accessibility. As long as the network remains active, the apps deployed on it will remain active and exploitable. Another plus to security and confidence in the system.DeFi project tokenomicsAll such products have internal assets and opportunities to “activate” them in some way to generate returns. The mechanics are completely different, though.Key DeFi categories:1. Stablecoins2. Credits and loans3. Exchanges4. Derivative5. Portfolio management6. Lotteries7. Payments8. Insurance9. P2P gamesDeFi in practice: what project users are already benefiting from right nowPrime examples of popular DeFi projects:Uniswap <a href="https://www.coingecko.com/en/coins/uniswap/tokenomics" rel="noopener noreferrer nofollow">— Coingecko</a>,<a href="https://docs.uniswap.org/contracts/universal-router/overview" rel="noopener noreferrer nofollow"> Uniswap Docs</a>.An exchange that allows exchanging tokens in the Ethereum network without the participation of intermediaries. UNI tokens give holders the right to vote to resolve issues within the project system. The exchange has also opened the possibility of liquidation for different ERC-20 tokens without the risks associated with external intermediaries.Aave <a href="https://docs.aave.com/aavenomics/incentives-policy-and-aave-reserve" rel="noopener noreferrer nofollow">— Aavenomics.</a>An interesting project with a managed lending protocol that allows you to borrow crypto against collateral to use for your own benefit. Those who lend crypto are rewarded with tokens of the project. Aave holders have voting rights within the project.Compound <a href="https://www.coingecko.com/en/coins/compound/tokenomics" rel="noopener noreferrer nofollow">— Coingecko.</a>A project that is a composite platform for DeFi credits and loans. Compound’s tokenomics focus is on incentivizing increased scarcity acuity. Participants in liquidations on the platform receive COMP tokens as rewards.Cosmic FOMO — <a href="https://coinmarketcap.com/currencies/cosmic-fomo/" rel="noopener noreferrer nofollow">CoinMarketCap</a>, <a href="https://www.coingecko.com/en/coins/cosmic-fomo" rel="noopener noreferrer nofollow">CoinGecko</a>.An app featuring virtual outer space races. You need to fuel your pilot’s backpack with assets, that is, to predict the market movement. You can rely on your crypto skills, or you can rely on luck. The winnings in in-game COSMIC tokens depend on the accuracy of the forecast.The game has an advanced tokenomics system, and three types of assets are provided:<ul><li>COSMIC (in-game token, BEP-20)</li><li>MDAO</li><li>BNB (for transactions)</li></ul>COSMIC runs on the BNB Smart Chain and is a key tool for players to earn and improve their pilots.The COSMIC token is used for:<ol><li>Pilot level upgrades</li><li>Pilot Body restoration</li><li>Pilot Minting</li></ol>It’s important to note that the COSMIC token issuance is unlimited, allowing players to constantly interact with the game’s economy. To buy or sell COSMIC, you can use PancakeSwap which is the game’s main trading partner at the moment.ConclusionDecentralized finance or DeFi is the absolute future of the banking system. However, for now, projects of this kind are in their infancy and many of them will still grow tenfold. But right now there is a very complex interplay between the two, making many users afraid to invest their assets in DeFi. Cosmic FOMO breaks down this barrier by introducing simple user interfaces and eliminating typical problems. Cosmic FOMO is in its early stages, and you can still be a part of the emerging community by getting your rewards in a fair, safe and transparent way.Game registration link: <a href="https://cosmicfomo.com/" rel="noopener noreferrer nofollow">https://cosmicfomo.com</a>See you on the vast expanses of Cosmic FOMO!

DeFi — Safer than a Bank

Cosmic FOMO

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