Crypto

Decentraland and Cardano Holders Turn To LockYourCrypto.Com To Store Their Crypto Assets In 2023

03/09/2023
Bitcoin Ethereum News

Managing your crypto assets successfully is not an easy task. Decentraland (MANA) and Cardano (ADA) holders are turning to the new crypto storage platform, LockYourCrypto.Com. The platform has been hailed by crypto enthusiasts as one of the most secure and easy-to-navigate crypto storage platforms for newcomers to the crypto market.

While Decentraland and Cardano are two platforms that allow users to access multiple sectors of the crypto market, navigating their financial side can prove challenging. LockYourCrypto.Com looks to improve this by providing easy access to decentralised finance (DeFi). Let’s find out why LockYourCrypto.Com is being favoured by Decentraland and Cardano holders.

Prioritising Security and Privacy – LockYourCrypto.Com

Ensured security and privacy should be of paramount importance when managing your crypto assets. LockYourCrypto.Com succeeds where other platforms fail. It is a non-custodial solution which means users retain complete control over their crypto assets always, reducing the risk of fraud or theft.

Additionally, while you store your crypto assets securely, you can immerse yourself in the plethora of educational resources that LockYourCrypto.Com offers. DeFi can be confusing to newcomers, and LockYourCrypto.Com hands you the tools to improve your crypto knowledge and make informed decisions while managing your assets.

LockYourCrypto.Com can be seen as an equivalent to holding stablecoins. Crypto enthusiasts often transfer their funds to stablecoins to negate the temptation of making emotional investment decisions. This is what you can do with LockYourCrypto.Com as it stops users from making emotional decisions and helps them retain faith in the market’s direction.

Making Sustainability Look Easy – Cardano

Cardano was one of the first crypto platforms to prioritise sustainability in the notoriously energy-intensive crypto market. Cardano, like most modern blockchains, utilised the Proof-of-Stake (PoS) consensus to limit its carbon footprint.

By limiting its carbon footprint, Cardano also improved its scalability. The blockchain giant can process up to 250 transactions per second, while Proof-of-Work (PoW) platforms like Bitcoin (BTC) are limited to just 7 per second.

Most, if not all of the decisions made on the Cardano network are peer-reviewed. This garners a lot of credibility to the Cardano network in the crypto market that most coins would dream of having.

The Virtual Destination For Digital Assets – Decentraland

Decentraland was hailed as the first virtual world owned by its users. The platform is a hub for gaming, allowing users to immerse themselves in the Play-to-Earn (P2E) mechanics that allow Decentraland’s community to generate passive income.

The NFT marketplace is a significant part of the Decentraland platform. Over 357 million MANA has been traded on the internal NFT marketplace, which equates to $219 million! These figures have amounted to 206,770 sales, showcasing the value of some of the NFTs.

Like LockYourCrypto.Com, Decentraland prides itself on its commitment to its community. Decentraland hosts a DAO which allows MANA holders to vote on proposals concerning the future of the platform.

To Summarise

LockYourCrypto.Com could be the future of crypto storage. Many newcomers to the crypto market complain about how difficult it is to navigate through the blockchain industry and the DeFi sector.

However, with the educational resources available on LockYourCrypto.Com, those concerns can be eased. Holders of major cryptocurrencies are already interested in storing their assets on LockYourCrypto.Com. Will you do the same?

Disclaimer: Any information written in this press release or sponsored post does not constitute investment advice. Thecoinrepublic.com does not, and will not endorse any information on any company or individual on this page. Readers are encouraged to make their own research and make any actions based on their own findings and not from any content written in this press release or sponsored post. Thecoinrepublic.com is and will not be responsible for any damage or loss caused directly or indirectly by the use of any content, product, or service mentioned in this press release or sponsored post.

Latest posts by Guest Author (see all)

Source: https://www.thecoinrepublic.com/2023/03/08/decentraland-and-cardano-holders-turn-to-lockyourcrypto-com-to-store-their-crypto-assets-in-2023/