WHAT IS MAGNISWAP (MAGNI)? LET’S LEARN ABOUT THIS NEW DECENTRALIZED FINANCE (DEFI) PROTOCOL
Cryptocurrency is a fast-moving niche that has developed steadily over time. Along with that, new protocols and ideas have surfaced in the crypto market. One of these is decentralized Finance (DeFi), a digital alternative to the traditional financial system. MagniSwap (MAGNI) news…
These blockchain-based protocols work towards eliminating the role of the intermediary through smart contracts. Today many crypto projects are primarily working as a DeFi protocol in real-life applications. These include Uniswap (UNI), PancakeSwap (CAKE), and Aave (AAVE), some of the top-performing crypto leaders in the market.
But the developers are still designing new crypto tokens to attract user attention and capture market share. A similar project, MagniSwap (MAGNI), is developing and will soon launch in the market. Let’s dive deep into the nitty-gritty of the topic and have a detailed overview of this upcoming cryptocurrency.
About MagniSwap (MAGNI)
MagniSwap (MAGNI) is an upcoming project that will use DeFi tools to create a secure infrastructure and provide better services than traditional banks.
Usually, the traditional financial systems have high transaction fees and require extra maintenance now and then. This lowers the satisfaction level of users and acts as a drawback. But this is not the case with MagniSwap (MAGNI).
Goals and visions
The team aims to put forward financial solutions for the restricting factors for the growth of the cryptocurrency niche. For that, the developers will combine DeFi Tools like staking, yield farming, liquidity pools protocols, and much more.
Through this addition, the network will provide innovation to users and promote the use of crypto tokens on a broader level. This new project aims to build a sustainable platform where users can contribute and participate actively and establish their startups with minimal investments.
Features of the MagniSwap Ecosystem
Talking about the way the team has designed the infrastructure, it is important to discuss the distinct features incorporated in this upcoming project.
The MagniSwap ecosystem will operate on a Proof of Stake (PoS) consensus mechanism. Here the users will lock their tokens with the network and earn a chance to validate transactions on the platform. It is a seamless, secure, and fast mode of verifying transactions while earning additional benefits.
Unlike traditional financial systems, this protocol will empower users to create a crypto wallet of their choice and keep track of bought and sold tokens without any complicated process. Through $MAGNI, token swapping will require minimal transaction fees and allow users to transfer crypto assets to anyone and anywhere through blockchain technology.
Apart from this, users will have enough opportunities to earn benefits and additional $MAGNI Tokens. The team will introduce services like yield farming, staking, and easy coin swap through which users can earn passive income
Multiple opportunities for $MAGNI users and holders
After knowing about this crypto project, users might think of what they will get in return for owning these tokens. You don’t need to worry about it, as the team has already decided on a bunch of opportunities for $MAGNI holders.
- Users can use the staking protocol to lock a specific number of tokens with the network. Through this, they can verify transactions and earn profits.
- Holders can take part in their preferred liquidity pools and can invest tokens to increase the liquidity of $MAGNI tokens in the open market. Through this, they can earn a percentage of passive income.
Conclusion
$MAGNI is a utility token built on Binance Smart Chain (BSC) blockchain. It will work as a primary BEP-20 crypto token for all the transactions in the network. It is a community-based project which will ensure that the token holders can actively participate and vote in future changes.
They can even put forward a proposal of their choice for discussion. This DeFi project can prove to be a potential project and pave its way to success. It’s time to wait for the launch and see how it molds according to the market conditions.
MagniSwap (MAGNI);
Website: http://magniswap.io/
