The crypto space is filled with several excellent projects. Many of these projects offer unique features not available within the traditional financial systems. As a result, these crypto projects are enjoying massive adoption on a global scale.
Massive adoption for already existing crypto projects has also led to the development of new platforms within this space. Similar to their predecessors, these new platforms offer unique services to their users.
The CashFi protocol is a newly created crypto platform that offers specialised products to its users. What are its core services? What are the functions of its utility token? And how does this project compare to other crypto platforms in the coin market? This article will provide answers to these and many other questions.
CashFi Protocol
The CashFi protocol has tagged itself as a new crypto platform offering liquid staking to its users. Apart from providing liquid staking, this platform will adopt a solid system for ensuring off-chain cooperation.
The platform also plans to ensure it delivers on-chain interoperability across multiple chains. The core of CashFi services will be deployed on web 3.0. The goal of this action is to stimulate global adoption of its products and ensure a smooth exchange of value across this platform.
In terms of its services, CashFi offers three core products, namely liquid staking, synthetic assets and non-fungible tokens.
CashFi’s liquid staking program is designed to enable token holders to earn returns while protecting the platform’s Proof-of-stake mechanism. When holders stake their CFI token they are in effect providing liquidity for the CashFi ecosystem.
CashFi’s CFI Synths will allow users access to a wide range of commodity debt assets. This product will help CashFi build its own niche in the commodities market. Leveraging on the high liquidity from its staking program, the platforms will deliver organised trade at reduced costs while building trust with its token holders.
Although, many platforms offer NFTs assets as part of their portfolio. Only a few of these platforms support cross-chain NFT marketplaces and CashFi is one of them. Leveraging on the CashFi NFT marketplace, digital artists and collectors can mint, buy, or sell their NFTs. There are also plans to create NFT auctions for the CashFi NFT marketplace.
Comparing CashFi (CFI) With FTX (FTT) and Cronos (CRO)
FTX offers users leveraged tokens, OTC, and futures trading through its trading platform. The FTT tokens are mainly used as exchange tokens on the FTX trading platform. As a result, futures traders on the platform can leverage it as collateral for their trading activities.
Additionally, FTX users can take advantage of the FTT token to enjoy OTC rebates and discounts on trading fees. Finally, FTT token holders can lock and stake the cryptocurrency for a specific period to earn crypto rewards.
Tokenized by the Cronos cryptocurrency exchange, CRO is the native token for the platform. The Cronos platform uses this digital asset mainly for transactional purposes.
By staking their token holdings, CRO holders will be able to earn passively. In recent years, the value of the CRO token has also increased significantly.
Compared with CashFi (CFI) tokens, CRO and FTT tokens have many shortcomings. This article discusses the unique features of CFI, which are still a novelty in the crypto space.
Unlike the other platforms discussed in this article, the CashFi project will ensure cross-chain functionalities apply to Non-fungible tokens. Additionally, CashFi’s current liquid staking is one of a kind, making this very unique from other staking services.
Conclusion
Investing in cryptocurrencies is risky. The CashFi Token will possibly revolutionise the crypto space. The ongoing presale is the best time to join the ride and enjoy its features. Learn more about CashFi (CFI) and participate in the presale through the links at the end of this article.
Keyword:
CashFi, CFI, Cronos, CRO, FTX, FTT, liquid staking, crypto
Presale: https://enter.cashfi.app/register
Website: https://cashfi.app/
Telegram: https://t.me/CashFi_Token