I believe many people are no strangers to DeFi as it is frequently discussed throughout 2020. However, during the introduction of DeFi in the 1.0 era, in addition to the mediocre technology, it was difficult to serve the physical industry. Therefore, apart from the early boom of several top rating projects, there were no emergence of new DeFi projects at that time. The reason was DeFi in the 1.0 era deviated from commercial value.
The DeFi1.0 era has three main drawbacks:
Less users: At that time, the DeFi was limited and closed within the crypto community, and it was only promoted on a small scale. Thus, making it difficult for users to double;
No value: Without the ability to generate profit, it was only a capital hype which cannot be used for commercial purpose;
Homogenization: Due to the low cost of issuance, most of the DeFi projects issued later are projects with no technical content and no commercial value.
In short, the DeFi in the 1.0 era has no market, no value, and no technology. It is only a small-scale application. With the entry of a large amount of capital in the capital market, the DeFi1.0 era has come to an end, and the DeFi2.0 era has quietly arrived judging from the most direct sign, which is the skyrocketing BGV.
The Baccarat is the main body of BGV, and a decentralized liquidity mining platform based on the NGK blockchain. It is built by the world’s top technical team, the Spirit Stone. It has the top technology, and therefore, it can be applied to multiple ecological fields, making it extremely valuable.
Besides, as Baccarat operates based on the NGK blockchain, it has the advantages of the NGK blockchain’s bottom technology, which enables the ecological builders to conduct transactions quickly with only a small amount of gas fee.
Therefore, many ecological builders are willing to participate in the Baccarat in order to obtain the commissions and the BGV token rewards.
Currently, BGV is the hottest token in the DeFi market because it is extremely valuable, mainly due to two reasons: first, the scarcity of BGV, the number of BGV is very limited, and cannot be obtained/purchased from the market, and the current maximum distribution of BGV is 277 units per day, which raises the price of BGV; on the other hand, Baccarat is the main body of BGV as mentioned above, it has extremely commercial value, driving the price of BGV to rise and making BGV a valuable token.
In addition, the BGV has no pre-sale, no pre-mining, and no monopoly investors. These ensure that all ecological builders can participate in the BGV mining fairly, so that they are willing to enter the Baccarat market.
In summary, the BGV has a solid community foundation, technical endorsement, ecological support, application scenarios, and attractive incentive mechanism. Therefore, it is the most valuable token. In addition, the first mines of BGV are currently being distributed free of charge, and thus, now is the best time for ecological builders to enter.
