117
Prior to the advent of cryptocurrencies, the centralized and regimental mode of operations of the conventional investment market resulted in barriers to entry for the ordinary men on the street. These barriers to entry which took the form of minimum capital requirements, restricted access to financing and prerequisite eligibility criteria which resulted in the investment market being rather undemocratic. This is because in terms of its demographic coverage the conventional investment market seems to be exclusive only to those who make the financial cut.
All this has changed with the coming to the fore of decentralized finance (DeFi) which is made possible by the technological revolution that is blockchain and our present age of digitalization. Through DeFi, the combination of cryptocurrencies coupled with decentralized apps (dApps) has opened the door to financial investment for all and sundry. The meteoric rise of the DeFi market which as of early September 2021 stands at USD176 billion aptly illustrates the levels of market demand for DeFi’s product offerings and suite of services. This in turn indicates the extent to which these products and services are able to meet the existing needs i.e. gaps in the market which have been left unfulfilled by the conventional investment market.
Staking vs Yield Farming vs Liquidity Farming
The terms staking, yield farming, and liquidity mining have been bandied about in the DeFi domain and perhaps used interchangeably by some but there are some subtle differences between them. What these concepts do have in common however, is that they involve the provision of crypto assets through decentralized exchanges (DEXs) to support the operations of blockchain networks. Staking is the broadest of the three concepts as it is an umbrella term which encompasses any investment structure that involves the pledging of crypto assets to be locked-up for certain predefined periods in support of the integrity, security and continuity of blockchain networks particularly those which operate based on the Proof-of-Stake (PoS) consensus mechanism.
On the other hand, yield farming is more specific in terms of its scope than staking as yield farming refers to the provision of liquidity to a DeFi protocol generally through an Automated Market Maker (AMM) pool in return for a yield in the form of fee revenue. As for liquidity mining, it is conceptually similar to yield farming except for one main difference in that the rewards are not limited to fee revenue but may also include the DeFi platform’s native token. To put it simply, liquidity mining is a subset of yield farming whereas both liquidity and yield farming are subsets of staking.
TKO Staking: The Rocket Fuel of DeFi
Toko Token (TKO) holders can now stake their TKOs on ForTube, BiSwap, BakerySwap and PancakeSwap and here are 3 reasons why TKO holders should leverage on this rocket fuel of DeFi for the long haul:
(1) Capital Growth Prospects
There is a lot of potential for capital gains as the trading price of TKO is projected to rise up to USD3.88 by 2022, USD4.54 by 2023 and USD6.01 by 2024. The longer you stake your TKOs, the more capital you stand to gain.
(2) Functional Use Cases
Having recently added a functional use case in the form of TokoMall, TKO holders can look forward to more of such use cases moving forward notably T-Hub which will be a ground-breaking crypto community center in the picturesque island of Bali in Indonesia and TokoSwap which together with Toko Incubator and Tokocrypto Sembrani Blockchain Accelerator (TSBA) would form part of Tokocrypto’s upcoming Toko Launchpad.
To top it all off, TKO has been listed on Binance Pay which is a contactless, borderless and secure user-to-user cryptocurrency payment feature on the BINANCE App. TKO holders can now use their TKOs to pay, send and receive crypto payments around the world without incurring any fees.
(3) Inflation Management
Tokocrypto has devised a comprehensive tokenomics framework whereby a key component of the framework is the quarterly burning of TKO to ensure that the passage of time will not reduce the purchasing power of TKO so that those who are staking TKOs can do so without worrying about the value of their TKOs ending up being diluted.
The icing on the cake is that TKO holders can find out how to stake their TKOs through our TKO staking tutorial. Fair to say, TKO staking can power up the passive income earning powers of TKO holders whereby the potency of passive income is aptly highlighted by financial investment guru Warren Buffett who famously said, “If you don’t find a way to make money while you sleep, you will work until you die.” Wait no more, stake TKO now and start making money while you sleep.
Did you know that TKO is now available on all these platforms?
Photo: TKO Availability / Tokocrypto
Enjoy this article? Join our TKO by Tokocrypto Channels Now!
We post the latest updates on our TokoToken Channels. You also get a chance to discuss with other fellow Tokonauts! What are you waiting for? Join the Community Now!
???? https://linktr.ee/TKObyTokocrypto
