Alts, DeFi and OKex

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(Edited)

It's been a great year so far for crypto lovers, except for the pandemic of course. Regardless, there have been opportunities in the crypto world like never before.

The rate of adoption of cryptocurrencies, bitcoin and altcoins (alternate coins which means other coins/tokens other than bitcoin), have been high and use cases of project are becoming more clearer and useable especially during this altseason. New projects keep coming up in the crypto world and they all come with their coins/tokens, the hottest gist right now is that of DeFi.

DeFi means Decentralized Finance, and its main goal is to use decentralized networks to carry out financial transactions that traditionally occur with the help of centralized authority (e.g central bank). With DeFi, financial products will be transformed into trustless and transparent protocols that run without intermediaries.

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They are many of such networks now on the blockchain and they come with their coins/tokens, price of such coins surges and this can be a way of making profit if one can key in at the right moment and learn to trade other coins against them. This is part of the whole altseason ride all crypto enthusiasts are ecstatic about.

Now, one of the best way anyone can make profit with these is to actively trade them. Trading is a skill anyone can have, the most important thing is to find the right platform to trade.

OKEx is in a league of it's own when it comes to cryptocurrency exchange, it's financial services has always been advanced and available to traders globally using the blockchain technology. OKEx provides its services to over 100 countries. OKEx also helps newbies to learn about how to trade and swap tokens, there is an academy on OKex. This is to serve as guidelines for those looking to make profit this season, OKEx aims to ease people through that.

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There are hundreds of token & futures trading pairs provided on the platform to help traders optimize strategies, every trader has his/her own unique strategy. OKEx is there to make it way easy for traders to utilize their strategy optimally. There is no need to worry about trading volume when it comes to OKEx, the future trade has more than $1.2B of volume daily. This shows there are active trades daily and everyone is free to do their trading without ever having to fear about volume.

OKEx is a strong believer of blockchain chain technology, it totally supports DeFi. It is an exchange traders like to use due to its friendly user interface and the extra benefit available on OKEx that can't be found anywhere else. It is popular for its low trading fees, which is in between 0.03% - 0.15%. A very important feature that attracts traders, a strong reason to choose OKEx. It is easy to trade on OKEx making use of multiple monitors, this makes easy to view other information while trading. All is done with ease, even a beginner can make use of the exchange site.

Join the moving train and get more out of the altseason,
Sign up
https://www.okex.com/academy/en



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3 comments
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@bookoons, In my opinion there is Cloud Of Fear in the Fiat Financial Market after this Pandemic Situation and inturn falling down of Global Economies.

That's why we are seeing great surge in Cryptocurrency Space, specially Bitcoin is getting lot of recognition and now there are so many use case ecnonomies for Bitcoin.

Let's hope for the best. Have a wonderful time ahead and stay blessed.

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(Edited)

Hi @chireerocks, how have you been? Missed your spoken words entry.
Awesome contribution on the post above, yes, Bitcoin is sure getting a lot of recognition out there, however, it's been almost stable (except for the dip in the last couple of days), we have to look into other profitable options, that's where alts (DeFi) come in.

Do you have an OKex account? If no, create one and make the most of this period.

Kind regards,
Bookoons

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I am doing good. Thank you so much for asking. Hope that you are also doing great.

Good wishes from my side and stay blessed always.

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