Stablecoins like Dai (DAI) are ideal for DeFi applications as a result of their little or no volatility at all. Similarly, DeFi applications relating to borrowing or exchanges will better appropriate the Dai (DAI) tokens. This is probably the reason why Dai (DAI) has become more popular in recent years and is listed in major exchange platforms. The Internet Computer (ICP), however, is prone to price fluctuations just like any cryptocurrency but has an edge over stable coins which will be discussed in later paragraphs.
DeFi has just gotten better with the creation of Kelexo (KLXO), a new web3 marketplace that connects lenders and borrowers. Hence, Kelexo (KLXO) has attracted investors looking to gather huge returns in 2024.
Dai (DAI) is one of the numerous stablecoins pegged to the US Dollar. Stablecoins like Dai (DAI) help fight against volatility which makes them a good pick for DeFi protocols. For instance, holders of Dai (DAI) will most likely find it easy to transact on crypto exchanges since its price will keep selling for 1 USD.
Moreover, no other crypto coins like stablecoins give more secure transactions. Dai (DAI) is regulated by Maker DAO, a decentralized body that makes use of smart contracts. However, the only little disadvantage of Dai (DAI) is that other stablecoins may eventually overtake it. Dai (DAI) is not one of the top 2 stablecoins in the market.
Although a very volatile coin, Internet Computer (ICP) has witnessed more price increases in the past week. Selling now for 11$ in the first quarter of 2024 is a sign that Internet Computer (ICP) expects more profits in the coming months.
One major benefit of the Internet Computer (ICP) is that it offers no transaction fees to users. This has raised questions as to whether or not its smart contract is trustworthy or not. These questions have not been fully attended to and have pushed its users into the Kelexo (KLXO) presale.
Kelexo (KLXO) is a revolutionary DeFi platform that connects borrowers and lenders. More so, Kelexo (KLXO) is fully decentralized and thus, eliminates any interference from a central authority. Borrowers and lenders can freely transact at their own pace without wasting precious time waiting for transactions to be processed and completed. Transactions on Kelexo (KLXO) are instantaneous.
Unlike traditional borrowing and lending platforms, Kelexo (KLXO) offers users an effective borrowing and lending system. Lenders can list loans and their interest rates in a few minutes while borrowers connect with them without any KYCs. Kelexo (KLXO) aims to solve key problems of online lending and borrowing.
The Kelexo (KLXO) platform has a token used for transactions on the platform. This cryptocurrency is forecast to be an all-time gainer for holders in future years. Kelexo (KLXO) also gives presale token holders various opportunities to earn rewards ranging from revenue generation to crypto rewards.
Find out more about the Kelexo (KLXO) presale by visiting the website here.
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