Shiba Inu (SHIB), PancakeSwap (CAKE), and Quitriam Finance (QTM). Ever learned about the industrial revolution when you were in high school?
Well if you didn’t pay attention, now is your time to redeem yourself, as many are stating today that we are now entering a 4th technological revolution powered by the blockchain, web 3.0 and decentralized finance, also known as DeFi.
DeFi’s philosophy consists in creating a more accessible and inclusive financial system exempt from unnecessary third parties by replacing them with smart contracts. Concretely, that translates into less connected populations and countries having easier access to financial services that might be more complex to access in the traditional financial system such as insurance, lending, borrowing, and so on…
As with any revolution, some sectors benefit while others progressively disappear. By learning today about DeFi and cryptocurrencies in general, you can be sure that you are securing your future by becoming aware of the major technological trends reshaping our society at this very moment. Quitriam Finance (QTM)
Let’s dive in!
Shiba Inu (SHIB)
Shiba Inu (SHIB) emerged throughout 2021 as a leading meme coin, having now cemented its spot in the Top 15 largest cryptocurrencies with a market cap nearing $15 billion.
But SHIB is not a simple meme coin, although easily mistaken for one due to its doggy aesthetics and funny language.
In fact, the Shiba Inu team displayed some rather bold ambitions for the future of Shiba Inu, ambitions that have nothing to envy from other leading cryptocurrencies. Indeed, the Shiba Foundation announced that it was working on the development of its own decentralized exchange (DEX) known as ShibaSwap, to allow its users to swap their tokens instantly without having to leave the Shiba ecosystem.
It doesn’t stop there: the Shiba Foundation is currently building its own metaverse, called Shiba Lands, therefore coming head to head with other metaverse giants such as Decentraland (MANA) and The Sandbox (SAND).
Despite the recent price correction, SHIB continues to boast a strong community with one of the largest SHIB wallets purchasing another 86 billion SHIB on April 2nd. If Shiba Inu has proven anything so far, it’s that SHIB isn’t dying anytime soon and still has the potential to generate strong returns moving forward.
We are staying on the theme of entertaining-looking projects – and what is the second thing that brings most joy after a dog? Pancakes of course!
Hoping no one was lost in that acrobatic transition, this article will now cover PancakeSwap (CAKE).
PancakeSwap is a Binance-Smart-Chain-native DEX that allows its users to swap BEP-20 tokens instantly by leveraging BSC’s speed and low transactions. BEP-20 refers to the standard that tokens must follow in order to be issued on the Binance Chain.
As of now, PancakeSwap remains the leading DEX on BSC in terms of processed volume and Total Value Locked (TVL) on BSC, and one of the leading DEXs in the crypto space overall, just behind Uniswap (UNI) and SushiSwap (SUSHI).
PancakeSwap became especially popular in the crypto community due to the liquidity pools and yield farming solutions offered on its platform that allowed certain users to make head-spinning fortunes.
With DeFi’s soaring popularity, different projects have tried their hand at launching DEXs, but none has managed to come close to PancakeSwap, making it a really interesting DeFi project to follow in the years to come.
Quitriam Finance (QTM)
The last crypto covered in that article is the newly-launched Quitriam Finance (QTM). This infant project is currently going through its presale round before its actual market launch and listing its token (QTM) publicly.
Quitriam Finance is developing an entertaining ecosystem featuring mines, furnaces, forges, where users can mine mithril and use it to generate valuable NFTs and in-ecosystem items that can easily be exchanged for the ecosystem’s token, QTM, and then real-world money if the user wishes so.
Quitriam Finance will launch its own native DEX, Quitriam Swap, and will create its own US-based stablecoin, MithrilCoin (MC). On top of being a store of value for any user who wants to exchange their ecosystem earnings into fiat currency, MC will also be a governance token that will give its holders the power to express themselves on important decisions regarding the project’s development.
Another very similar project in that field is Calyx (CLX) which, just like Quitriam Finance, is developing a dedicated DEX, Calyx Swap, aimed at providing users with industry-leading transaction speed and gas fees amounting to a fraction of a cent.
As you can see, the DeFi space is currently boiling with new projects being deployed every day, how not to be excited about this space’s perspectives?
Learn more about Quitriam Finance
Learn more about Calyx