Decentralized finance (DeFi) provides financial instruments using smart contracts on a blockchain without relying on intermediaries such as brokers, exchanges, or banks. DeFi allows you to lend, borrow and trade cryptocurrencies like bitcoin, similar to the quintessential financial institutions like banks.
DeFi helps people with financial services in the world of cryptocurrencies. Since its introduction into the market, it has given new meaning to cryptocurrencies. Entering the world of DeFi will be highly beneficial for you and today in this article we are showing you how to enter the world of DeFi smoothly.
To enter or invest in DeFi, you need first to get tokens based on BEP 20. You can buy KUKU tokens, which are BEP-20 tokens, with BNB, USDT, and BUSD. After that, you need a wallet with a dApp browser to be able to trade the tokens on the exchanges. Popular wallets are Trust Wallet for smartphones and MetaMask for desktops. Once you have the token and wallet, you can securely enter the DeFi ecosystem.
Some of the popular DeFi tokens include Uniswap (UNI), SushiSwap (SUSHI), PancakeSwap (CAKE), Wrapped Bitcoin (WBTC), Dai (DAI), Compound (COMP), Avalanche (AVAX), and Chainlink (LINK).
Biggest DEX Project in History
KUKU Token is also a Hyper Deflationary Rewards Token Running on Binance Smart Chain and based on the BEP-20 protocol. It is a native token of the panKUKU project, which is by far the biggest DEX project with a long list of products including Kuku Swap, Farm, Pool, Lottery, NFT Marketplace, KUKU Wallet, Predictions, Launchpad, Webshop USA & Suriname, and KUKU Play. https://pankuku.net/
This Defi project has burned a total of 100,000,000,000 KUKU tokens recently, and with this move, the supply of the token gets reduced and this has also increased the value of the KUKU token.
The project is on a mission to build a sustainable crypto eco-system by providing and ensuring trust, dedication, and quality. It aims to provide a structural socio-economic environment in Suriname and the region through a legitimate payment and donation system. With its products and services, the company aims to harness the power of cryptocurrencies as an in-store and online payment option.
As explained on their official website, the project will automatically reward token holders, and no new tokens will be minted. Hence, the holders will get maximum ROI and they also do not have to worry about it, as most of the process will be done automatically. KUKU token is a utility token and it serves certain use cases within its specific ecosystem — the panKUKU ecosystem as it will be used on its own webshop.
Since it is a BEP-20 token thus PanKUKU can be used to buy other DeFi tokens as well. DeFi applications are very useful for all crypto holders since they give new meaning to their holdings. However, it is advised to grab all the information available on the internet before doing anything. https://ido.pankuku.net/