As the crypto world continues to expand, it’s attracting new and seasoned investors more than ever. Over a decade ago, the talk of Bitcoin had evolved from a mystery digital token to a new form of payment readily available in multiple countries worldwide. Now being named the future currency, crypto is advancing to new heights with the technology behind it to support the buzz.
While the first few years presented limited options for purchasing cryptocurrency, there are various platforms where exchanges can be made today. As more exchanges hit the scene, it’s imperative to know the advantages and disadvantages of making such delicate purchases. Between trading services like Gemini and Gorilix Defi, the benefits can make a difference in someone’s position in the future of cryptocurrency.
Gorilix Defi
To empower the functioning of a proper money market and yield positive results for users storing blockchain assets, Gorilix Defi creates decentralized solutions where it’s needed most. In response to the current market, Gorilix Defi creates a frictionless experience where traders, developers, and consumers of decentralized apps can now hold additional assets without selling or reorganizing their portfolios. Customers worldwide can earn interest up to 15% p.a. paid in SILVA tokens, the Gorilix native currency, for any crypto that’s saved or lent via the Gorilix platform.
This stems from the company’s belief that anyone can be their bank, using their idle crypto holdings with an incentivizing protocol. The Gorilix Protocol will allow the users to earn interest income or borrow blockchain assets against the provided collateral. Anyone can supply assets to Gorilix DeFi’s liquidity pool and begin continuous earnings. As an added feature to their system, the interest rates will adjust automatically based on the supply and demand economy. While Gorilix Defi is approaching stage 1, presale for the SILVA token has already begun, and customers can benefit from the expected price rise of the token by getting in early.
The SILVA token launch has been highly anticipated, and the token is already touted as one of the best altcoins to add to your crypto portfolio due to its huge growth potential. Head over to the Gorilix website now to join the presale.
For more information on the Gorilix (SILVA) presale, visit: Gorilix.io
Gemini
Many well-known crypto exchanges have come a long way since their inception, and Gemini is no exception. This privately-owned trust company was founded in 2014 by the Winklevoss twins, Cameron and Tyler Winklevoss. After dabbling with Bitcoin and Ether in the early years, the two ventured into their start-up and created Gemini. The platform allows users to buy, sell, trade, and securely store bitcoin, ether, and about 60 other cryptocurrencies. What made Gemini probably the most appealing to the digital audience was their form of cryptocurrency, the Gemini dollar.
This stable coin can now be tied to the U.S dollar and has grown to 350 employees. Since its launch, the platform has branched into a lending program called Gemini Earn. As a new feature, this allows customers within the United States to earn passive income on stored assets on the platform. Users can make crypto work for them with compounding interest rates up to 7.4% APY. But with high fees and fewer trading pairs supported, individuals may want to pivot to other forms of cryptocurrency.
When weighing out the options between different crypto exchanges, it’s best to understand every tool available to buy and sell digital currencies. Whether the platform is for beginner trading or experienced investing, this rapidly developing market will continue to evolve and innovate accordingly.
To join the community and social media channels, visit: linktr.ee/gorilix
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