Baccarat launched new token BGV, NGK blockchain took the second half of DeFi
Since the beginning of this year, the DeFi has grown rapidly in terms of users and market size. However, with the congestion of the Ethereum blockchain, there was a sign of abrupt cessation of growth in the trend of DeFi.
Many people began to look for solutions and the next hot spot, creating opportunities for the Ethereum Layer 2 expansion and other blockchain. This is because if they can breakthrough the DeFi, there will be a wider market. The sky is waiting for us…
To breakthrough DeFi, the NGK blockchain is the solution
The bottleneck of DeFi is obvious. The “main battlefield” of the Ethereum blockchain itself is not sufficiently scalable, relatively congested, and high in fees compared with the DeFi’s goal to replace the traditional financial fees. However, people are willing to pay high fees due to the speculation on the outlet. This does not seem to be sustainable. Besides, the current DeFi applications could not leave the industry, but if they stay, the users are relatively scarce. Therefore, it is natural for the DeFi to slow down or even weaken.
After Ethereum, many blockchain projects have publicly stated that they want to all in the DeFi. The industry can’t help but question that these blockchain projects are relying on the DeFi hotspots without doing anything. However, some of the projects are practical. The NGK blockchain acts as the top blockchain project, taking the lead and speaking with its technology.
The NGK began its technical finalization in 2018, the first open source was in 2019, and the mainnet was launched in October 2020. The whole process took 3 years. The NGK built a convenient tool for application development in the technical field (Turing). It achieved million level TPS under the zero-knowledge proof. The distributed architecture of NGK and its peer-to-peer features breakthrough multiple existing information islands in the blockchain, build mutual trust at low cost, as well as promote the horizontal flow of information and network collaboration, to solve the problem of blockchain implementation in the financial sector.
NGK uses DPOSS as the consensus mechanism which supports the virtual machines and the deployment of smart contracts. The DPOSS does not require many resources to do the calculations. It reduces the cost of validators and improves the operating efficiency of the system, making the transaction efficiency and transaction cost on the NGK blockchain better than Ethereum. With the support of smart contracts, the DPOSS is fully capable in constructing a large number of DeFi protocol conditions.
The leading technology and breakthrough products, coupled with the high-performance underlying blockchain, perhaps DeFi could not breakthrough and go upwards, but this is a golden opportunity for NGK.
The NGK can exchange the “cross-chain” assets on other chains to its own system in the form of atomic exchange to realize the richness of system assets.
Recently, the NGK launched a liquidity mining project, Baccarat, which provides its users with a very safe and reliable decentralized exchange. It runs through a decentralized transaction protocol. Besides, it does not require any trust costs. Two tokens of equivalent value are provided by the market maker at the current price. The trader can quickly exchange through the reserve pool. This type of transaction is a timely transaction. The handling fee will be used as a return to the liquidity provider to drive the transaction flexibility and achieve total value locked.
At present, BGV is the new liquidity mining token launched by NGK. The initial price is US$0.5, and the total amount is only 60,000 units, of which 50,000 are released as tokens for liquidity mining, and the remaining 10,000 are used as the airdrop rewards. BGV has been launched on the AOFEX exchange. The price has exceeded the highest point by nearly 1,000 USDT so far, almost 2,000-fold of increase, and once became a new favorite and hot spot in the market.
At present, the NGK DeFi mechanism is still in an early stage, but it has shown a good value matrix model. The main token, BGV, provides great scalability to the project. The elements that fit the value of the entire DeFi matrix will also increase with the further development of the project. For users who want to try DeFi, revenue is the most important thing.
The NGK has provided a relatively good DeFi model, so why don’t we try it?
