SPONSORED POST*
One of the biggest problems with this industry is that a considerable number of investors blindly get involved with a platform or exchange. The recent FTX and Terra disasters are prime examples of this, which has led many to reiterate the idea that true decentralization is indeed the answer.
As such, Toon Finance Protocol is completely committed to preserving this sector’s decentralized characteristics while also directing new those who may be new to crypto into the appropriate channels first rather than directing them to a platform that they might not know too much about.
Additionally, Toon Finance has expressed interest in expanding on the P2E (Play-to-Earn) metaverse concept and has been vetted by both Crypto.com and CoinMarketCap (CMC).
The dominance of ‘meme’ coins
The rise of ‘meme’ coins such as Dogecoin and Shiba Inu represent what is inherently wrong about decentralized finance. This is because countless investors are only interested in making quick money without conducting any sort of research or due diligence beforehand. Naturally, this frequently resulted in substantial losses for these investors and, more worryingly, significantly increased the implementation of strict regulatory policies. To make matters worse, top influencers like Elon Musk have regularly expressed their support for these coins, which has often adversely affected the market.
Decentralized exchanges, as opposed to centralized exchanges, which are typically managed by a third party, aspire to be completely independent and devoid of any middlemen. PancakeSwap and Uniswap are some of the most popular DEXs, and for good reason: they offer relatively better staking and trading possibilities. Even so, due to their decentralized nature, there is generally little chance of regaining lost funds if an investor falls victim to deceptive practices.
How can Toon Finance help?
Each member of the ‘Toon Space’ appreciates and respects one another while also collaborating together to enhance the onboarding process. Toon Community members can therefore interact with one another in real time and keep up to date on everything related to Toon Finance.
Furthermore, as the platform strives to provide a variety of new and beneficial services and features, the Toon Team wants to ensure that everyone has a captivating and lucrative experience. Toon Community members are also urged to keep an eye out for what the team has in store, as well as to check all social media outlets for the most up-to-date information.
Future objectives include listing the native token, TFT, on CoinGecko, concentrating on video production, finalizing the billboard map layout, and much more, all of which can be found on the official roadmap. Most recently, the team announced that Toon Finance shall be going live with a billboard which will be just one block from San Franusco’s Twitter headquarters next month, and they’ve in fact just left to confirm the location. Toon Finance also has more than 70 locations of billboards locked in and mapped out across America and the platform continues to be ranked among the top 10 on CMC by growth.
What about safety?
First and foremost, Dessert Finance has been auditing Toon Finance. Also, as the platform recognizes the necessity of incorporating dependable protective measures, numerous individuals believe that Toon Finance Protocol will be around for a long time and that it shall constantly contribute to the rapidly growing DeFi community. The team is adamant about transparency and decentralization in order to empower users to be able to express themselves freely, as long as they do so in a manner deemed socially acceptable.
In addition, the team also realizes that in a truly decentralized ecosystem, visibility and accountability are essential as most competent users would not trust them otherwise. Being transparent is additionally important for the purposes of effectively managing, transferring and facilitating transactions.
Furthermore, while it is true that Toon Finance’s developers and team members prefer to stay anonymous, this does not put their intent into question. No matter what, the team wishes to offer the best service and platform features that any DEX can provide and to do so both safely and efficiently.
What is Toon Finance’s end goal?
The Toon Finance team spent years evaluating the decentralized community and finding strategies to platforms which aren’t meeting the community’s standards. Toon Finance therefore seeks to add long-term value to the portfolios of investors rather than relying solely on hype and speculation.
In this way, Toon Finance aspires to be more than just another ‘hype’-based project. The platform aims to provide genuine value to DeFi users and aficionados while evolving in tandem with the market. The team will also use cutting-edge innovations and technologies on a regular basis to provide useful features and services. In related news, Toon Finance is actively working on some exciting updates, such as allowing users to join the Space Battle Grounds or even to go on an epic Advance with their friends through the P2E lobby.
About Toon Finance Protocol
Toon Finance Protocol is a DEX application platform founded by a team of industry experts and blockchain developers with the purpose of solving the sector’s externality issues, in particular those linked with P2E gaming demand. Toon Finance guarantees safety for a P2E metaverse through SHA256 encryption protection. Moreover, the platform offers a one-stop location for different trading functionalities regarding cryptocurrencies, non-fungible tokens, and blockchains.
Toon Finance was formed and financially backed by an angel investor, and while it is still in its initial phases of development, its positions on CMC and Crypto.com demonstrate the platform’s potential. Notwithstanding the fact that the platform has not been live for very long, Toon Finance nevertheless managed to become the fastest growing community on CoinMarketCap.
For additional information and regular updates, visit the official website along with the Medium and Twitter channels.
*This article has been paid. The Cryptonomist didn’t write the article nor has tested the platform.
Source: https://en.cryptonomist.ch/2022/11/30/toon-finance-protects-users-from-cex-regulations/