Yield Comparison: DeFi Rates vs. Traditional Finance
To say that traditional interest rates in the European and other international markets have been disappointing would be a grave understatement. In fact, savings accounts and certificates of deposits (CDs) have hardly ventured above 1% over the last decade.
Cryptocurrency offers an excellent opportunity for potential investors, as well as those just looking to grow their nest egg. But between being touted as extremely volatile, as well as requiring technical knowledge, it probably isnโt most peopleโs first choice.
CeDeFi platforms, like Bitlocus, have drastically lowered the entry bar for people with little to no technical knowledge.
So what kind of options are out there?
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To say that traditional interest rates in the European and other international markets have been disappointing would be a grave understatement. In fact, savings accounts and certificates of deposits (CDs) have hardly ventured above 1% over the last decade.
Cryptocurrency offers an excellent opportunity for potential investors, as well as those just looking to grow their nest egg. But between being touted as extremely volatile, as well as requiring technical knowledge, it probably isnโt most peopleโs first choice.
CeDeFi platforms, like Bitlocus, have drastically lowered the entry bar for people with little to no technical knowledge.
So what kind of options are out there?
Read more | Share Tweet
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Crypto Library will be hosting an AMA with Bitlocus today, 4th of November, 1 PM UTC
๐Venue For AMA โคต๏ธ
@CryptoLibraryDiscussion
๐ฐReward Pool : 100$
Hear directly from the Bitlocus team what we have to offer to the Global Crypto Community.
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๐Venue For AMA โคต๏ธ
@CryptoLibraryDiscussion
๐ฐReward Pool : 100$
Hear directly from the Bitlocus team what we have to offer to the Global Crypto Community.
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DeFi options in crypto
DeFi is a collective term for financial products and services that are accessible to anyone who can use certain cryptocurrenciesโ anyone with an internet connection.
It is a form of finance that does not rely on central financial intermediaries such as brokerages, exchanges, or banks to offer traditional financial instruments, and instead utilizes smart contracts on blockchains like Terra, Ethereum, Binance e.t.c.
In DeFi, numerous opportunities exist alongside significant risks.
Bitlocus CeDeFi allows investors to easily invest FIAT into the De-Fi platform, which reduces transaction fees, eliminates risks and the chance of making mistakes in this process.
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DeFi is a collective term for financial products and services that are accessible to anyone who can use certain cryptocurrenciesโ anyone with an internet connection.
It is a form of finance that does not rely on central financial intermediaries such as brokerages, exchanges, or banks to offer traditional financial instruments, and instead utilizes smart contracts on blockchains like Terra, Ethereum, Binance e.t.c.
In DeFi, numerous opportunities exist alongside significant risks.
Bitlocus CeDeFi allows investors to easily invest FIAT into the De-Fi platform, which reduces transaction fees, eliminates risks and the chance of making mistakes in this process.
Share Tweet
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GTA Trading Community will be hosting an AMA with Bitlocus on the 6th of November, 1 PM UTC
๐Venue For AMA โคต๏ธ
@gta_trading_community
๐ฐReward Pool : 100$
Hear directly from the Bitlocus team what we have to offer to the Global Crypto Community.
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๐Venue For AMA โคต๏ธ
@gta_trading_community
๐ฐReward Pool : 100$
Hear directly from the Bitlocus team what we have to offer to the Global Crypto Community.
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Bitlocus โ Solving the risks associated with DeFi (Technical Risks)
DeFi applications (DApps) use blockchain to mimic traditional financial systems such as banks and exchanges. However, with these systems, there is always a central body that controls the system. While this can solve numerous problems of CeFi, there are undoubtedly associated risks with the use of DeFi and DApps.
The technical risks of DeFi
DeFi platforms, like other types of financial services operations, suffer from serious cybersecurity risks in addition to scalability issues.
How Bitlocus Mitigates DeFiโs Technical and Procedural Risks
Bitlocusโ emphasis on creating a safe and user-friendly environment helps protect investors from the many risks associated with DeFi. While there will always be risks in investing, the platform does its best to mitigate usersโ exposure to potential crises.
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DeFi applications (DApps) use blockchain to mimic traditional financial systems such as banks and exchanges. However, with these systems, there is always a central body that controls the system. While this can solve numerous problems of CeFi, there are undoubtedly associated risks with the use of DeFi and DApps.
The technical risks of DeFi
DeFi platforms, like other types of financial services operations, suffer from serious cybersecurity risks in addition to scalability issues.
How Bitlocus Mitigates DeFiโs Technical and Procedural Risks
Bitlocusโ emphasis on creating a safe and user-friendly environment helps protect investors from the many risks associated with DeFi. While there will always be risks in investing, the platform does its best to mitigate usersโ exposure to potential crises.
Read more | Share Tweet
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Understanding the Bitlocus CeDeFI platform
The Bitlocus CeDeFi solution is superior to those of traditional and other DeFi platforms. Investing FIAT into crypto and DeFi options has never been this easy, secure and low cost.
Simple user interface
Investing in DeFi is now simple. Bitlocus shortens the process to only a few steps for users. The user interface does not require any high-level technical skills or crypto knowledge.
Cost management
The cost when using our platform is significantly reduced. Bitlocus completely removes the fiat-to-crypto conversion fee and investing in DeFi protocols only costs a low fee of 0.5%
Mitigating the Risks
Our advanced protection system reduces investment risks associated with DeFi to almost zero. Bitlocus will protect users from Ponzi schemes, scams and abnormal FX rates.
๐Socials
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The Bitlocus CeDeFi solution is superior to those of traditional and other DeFi platforms. Investing FIAT into crypto and DeFi options has never been this easy, secure and low cost.
Simple user interface
Investing in DeFi is now simple. Bitlocus shortens the process to only a few steps for users. The user interface does not require any high-level technical skills or crypto knowledge.
Cost management
The cost when using our platform is significantly reduced. Bitlocus completely removes the fiat-to-crypto conversion fee and investing in DeFi protocols only costs a low fee of 0.5%
Mitigating the Risks
Our advanced protection system reduces investment risks associated with DeFi to almost zero. Bitlocus will protect users from Ponzi schemes, scams and abnormal FX rates.
๐Socials
Twitter | Telegram Chat | Website | Medium
Enjoy my Hobby Community will be hosting an AMA with Bitlocus on the 8th of November, 12:00 noon UTC
๐Venue For AMA โคต๏ธ
@enjoymyhobbys
๐ฐReward Pool : 300$
Hear directly from the Bitlocus team what we have to offer to the Global Crypto Community.
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๐Venue For AMA โคต๏ธ
@enjoymyhobbys
๐ฐReward Pool : 300$
Hear directly from the Bitlocus team what we have to offer to the Global Crypto Community.
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Hello Community,
Bitlocus Meme Contest submission will officially come to a close today Nov 8, 2021 11:00am UTC.
๐ฅ If you or anyone else haven't participated yet, this is the best time to get that creative meme up. Don't forget to follow the instructions.
๐ Any submission after the above time frame will be ignored and invalid.
Stay active to not miss the Finale announcements.๐
Bitlocus Meme Contest submission will officially come to a close today Nov 8, 2021 11:00am UTC.
๐ฅ If you or anyone else haven't participated yet, this is the best time to get that creative meme up. Don't forget to follow the instructions.
๐ Any submission after the above time frame will be ignored and invalid.
Stay active to not miss the Finale announcements.๐
Integration of the Terra Blockchain with Bitlocus
Stablecoins are an integral part of the DeFi ecosystem, and their popularity matches some of the biggest cryptocurrencies available. But what if an entire blockchain was built around the idea of stablecoins? Terra blockchainโs core process precisely does that.
What is the Terra Blockchain Protocol?
Terra is a decentralized payment network based on blockchain. The concept was created by Terraform Labs, a Korean firm formed by Daniel Shin and Do Kwon, two well-known figures in the world of DeFi. The platform was created as a means to replace conventional payment systems with a single blockchain layer.
What Makes Terra Blockchain Ideal for Bitlocus?
โ Algorithmic Backed Supply
โ Reasonable Guaranteed Yield
โ Strong Community
โ Track Record of Mainstream Adoption
โ Usability
โ Fully Decentralized Track
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Stablecoins are an integral part of the DeFi ecosystem, and their popularity matches some of the biggest cryptocurrencies available. But what if an entire blockchain was built around the idea of stablecoins? Terra blockchainโs core process precisely does that.
What is the Terra Blockchain Protocol?
Terra is a decentralized payment network based on blockchain. The concept was created by Terraform Labs, a Korean firm formed by Daniel Shin and Do Kwon, two well-known figures in the world of DeFi. The platform was created as a means to replace conventional payment systems with a single blockchain layer.
What Makes Terra Blockchain Ideal for Bitlocus?
โ Algorithmic Backed Supply
โ Reasonable Guaranteed Yield
โ Strong Community
โ Track Record of Mainstream Adoption
โ Usability
โ Fully Decentralized Track
Read more | Share Tweet
๐Socials
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The Weekly Active Campaign is still ongoing!
5 People will share $100 this week!
How can you win? Simply Stay Active in our Telegram Group.
Please note that winners for the previous week will be announced tomorrow!
Whoโs excited? ๐ฅณ๐ฅณ
Twitter | Telegram Chat | Website | Medium
5 People will share $100 this week!
How can you win? Simply Stay Active in our Telegram Group.
Please note that winners for the previous week will be announced tomorrow!
Whoโs excited? ๐ฅณ๐ฅณ
๐SocialsTwitter | Telegram Chat | Website | Medium
HC Gem Community will be hosting an AMA with Bitlocus on the 9th of November, 13:00 noon UTC
๐Venue For AMA โคต๏ธ
@HCGemAlerts_chat
๐ฐReward Pool : 200$
Hear directly from the Bitlocus team what we have to offer to the Global Crypto Community.
Share Tweet
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๐Venue For AMA โคต๏ธ
@HCGemAlerts_chat
๐ฐReward Pool : 200$
Hear directly from the Bitlocus team what we have to offer to the Global Crypto Community.
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Community Voting for Bitlocus Meme Contest Finale has commenced today.
Certainly, it was a difficult pick for us. Each participants has shown creativity.
Thank you all for Participating๐
One Person, One Vote. 10 final winners. ๐ $400
Vote to pick your most beloved meme:
๐ https://bit.ly/2YqLSIk
Or scan the QR code to vote.
Share to others to vote too. Support your favourite meme.
Certainly, it was a difficult pick for us. Each participants has shown creativity.
Thank you all for Participating๐
One Person, One Vote. 10 final winners. ๐ $400
Vote to pick your most beloved meme:
๐ https://bit.ly/2YqLSIk
Or scan the QR code to vote.
Share to others to vote too. Support your favourite meme.