The DeFi explorer in the great nautical era. The Baccarat has three advantages to develop steadily.
At the end of 2020, a token has emerged and ushered in a 979-fold increase, and attracted the attention of many investors, that is the BGV. Due to the popularity of BGV, many investors have developed a strong interest in its issuance platform, Baccarat decentralized financial platform. Compared with others decentralized financial platforms in the market, what are the advantages of Baccarat? This article will give the answer.
The Baccarat has the following three characteristics:
First feature: smart contracts
The smart contract system built by Baccarat is true and verifiable on the chain, and thus, it cannot be faked. All digital assets are in their own wallets, transactions are peer-to-peer, there is no centralized exchange, and all quantitative figures are real.
Due to the real transaction volume, the token price will increase by hundreds to thousands of times when the market is optimistic, so there is no need to worry about the counterfeit token and loss.
The second feature: AMM
The so-called AMM refers to the “automated market maker”. Generally, a token needs a market maker to go to the exchange. However, this is the old generation of gameplay. On the other hand, the DeFi adopts an AMM system, such as the largest decentralized exchange, Uniswap.
For example: a token (assuming it is called AAA), the initial price is 0.1NGK. The project team put 100 NGK and 1000 AAA into the exchange pool. As long as someone buys AAA with NGK, the system will increase the price of AAA according to the established algorithm. If the AAA in the pool is infinitely small, the price of AAA will be infinitely high.
The exchanges are guided by the 99.9999% of us, according to the order book. However, the AMM mechanism does not require this or any market depth. There is no need for manual market value management as everything is arranged in advance by a pre-set smart contract, and no one can change the smart contract.
The third feature: liquidity mining
The concept of liquidity mining began in June this year, and it is also the reason for this round of DeFi soaring.
Simply speaking, the Baccarat liquidity mining stores money in the smart contracts to obtain handling fees or BGV rewards. It is quite similar to the popular mortgage mining previously. However, the difference is that the Baccarat’s liquid mining is supported by actual business and profit, while most mortgage mining has no business support, so the mining cost is just an empty talk.
The Baccarat liquidity mining adopts the advantages of the NGK blockchain to eliminate the slow and expensive defects of DeFi projects built on ETH in the market, so that everyone can put token in the contract to create higher returns.
In order to make “blockchain+” a reality, the NGK.IO continues to build the eight major mall applications, including “blockchain + new energy”, “blockchain + biotechnology”, “blockchain + sports”, “blockchain + finance”, “blockchain + wine”, “blockchain + entertainment”, “blockchain + digital economy”, and “blockchain + real estate”. We believe that with the launch of the mall, the ecological application of BGV will improve continuously, and it will usher in another round of outbreak!
