In 2020, DEFI has become one of the most popular concepts in the blockchain field. It is like Lego bricks, which implements the original financial module with different smart contracts. Smart contracts spliced different financial functions together in a brand new way to create brand new financial products.
NGK.IO blockchain has launched the Baccarat decentralized financial transaction system and established the first liquid mining platform built by the platform blockchain. Unlike most Defi projects on the market, NGK Baccarat is not built with ETH, there is no high gas fee, and NGK’s DPOSS consensus mechanism can achieve millions of TPS at the beginning of its creation. It has greatly promoted the development of DEFI and can better meet the needs of the market.
In NGK Baccarat, users will no longer be like traditional finance, and need to rely on traditional intermediaries (banks, fund managers, etc.) to perform transactions and other operations on their own. NGK Baccarat will rely on the advantages of blockchain technology to create a completely decentralized financial transaction system that truly solves practical problems for people. NGK Baccarat will also fundamentally change the relationship between the financial industry and the real economy, promote the world’s digitalization process, and open a new stage of digital economy!
NGK.IO is a blockchain platform built by the Silicon Valley team, Sprit Stone. It achieved a 43-fold increase in market value in less than one month after its launch. As a practitioner of blockchain implementation, NGK.IO has always been at the forefront of blockchain technology innovation. With the launch of Baccarat this time, NGK will also develop a new generation of BGV. In the early days of creation, the currency could not be purchased through the market, but as a liquidity return, allowing participating users to hold cryptocurrencies to earn liquid BGV mining rewards. BGV will also be the first mining bonus in the Baccarat project!
In NGK Baccarat, liquidity mining is very simple. When we store coins through smart contracts, when a trading pair is generated, users only need to pledge two types of coins at the price calculated by the current contract. After the capital injection is completed, liquidity is provided for the contract, and liquidity mining is completed when the reserve pool generates transactions. After that, users can get transaction fees and new currency rewards, and all of this happens through a decentralized governance protocol. A large number of liquid transactions can also be promoted through fee income and new currency distribution models. NGK.IO will also issue a total of 60,000 BGVs, and 1,500 BGVs will be weighted daily according to the market maker’s turnover. There are also a large number of BGV airdrop rewards will be issued to existing members, the more active they are, the more airdrop rewards there are!
The various positive factors brought about by NGK Baccarat liquidity mining can bring together the power of the liquidity supply side and the demand side to achieve the growth of NGK user volume and transaction scale. This growth will further drive the growth of NGK Baccarat’s liquidity mining return rate and form a virtuous positive cycle of development at the level of liquidity. With DeFi’s new financial concept, NGK Baccarat liquidity mining pool is about to write a new wealth legend!
