People are becoming increasingly aware of the positive sides of decentralised finance (DeFi).
In this article, we will be examining two tokens, Avalanche (AVAX) and Mountanaz (MNAZ). We’ll explore them one by one to understand how they work and what solution they provide to investors and users worldwide
These two tokens are set to change the course of decentralized finance (DeFi). We believe that everyone should have them in their personal digital wallets.
Launched in 2020, Avalanche sets itself apart by aiming to be fast, secure, affordable and accessible. Since it is an open project, anyone can view and contribute to the platform’s code.
Scalability, security, governability and decentralization are some of the properties that make it stand out amongst its peer group. Avalanche’s AVAX token is a scarce asset used to pay fees, utilized to secure the platform through staking and it serves as a fundamental unit of account between Avalanche’s several subnets.
Avalanche has been the best-performing cryptocurrency in recent times. It is considered a hidden gem because of its growing Defi features and massive adoption.
Deloitte’s choice to create its disaster relief platforms on top of the Avalanche blockchain technology provided AVAX with another advantage. The company said that the Avalanche platform will house the company’s ‘Close as you go service’, which aims to simplify ‘disaster reimbursement applications for victims of natural disasters by aggregating and evaluating the documentation required for funding.’
In 2021, the Avalanche (AVAX) token recorded massive growth, outperforming some big names like Ethereum (ETH) and Bitcoin (BTC). Avalanche (AVAX) can process up to 4500 transactions per second compared to the Ethereum limit of 15. The Avalanche network validates transactions substantially faster than Ethereum due to the parallel nature of its consensus process.
Mountanaz (MNAZ) seeks to establish an efficient, simple, and intuitive multi-chain DeFi ecosystem for tokens and digital assets, thereby overcoming the limitations in pre-existing DeFi platforms as well as that of centralized finance.
Mountanaz’s (MNAZ) objective is to provide users with seamless access to decentralized financial tools and instruments. One of the most important features is that the users can lend or borrow crypto assets leveraging the multi-chain innovation.
One of the striking features of Mountanaz (MNAZ) is its pooling strategy that provides an efficient distribution system for borrowers by creating a liquidity pool. Because of an already and always available liquid pool, this technique allows for a more efficient asset distribution mechanism for borrowers, as the period between request and wallet credit is greatly decreased. Borrowers only need to put down collateral in a cryptocurrency different from the one they are borrowing.
Key takeaway features of Mountanaz (MNAZ) are as follows:
- Mountanaz uses users’ need for passive income to create liquid pools for all types of digital assets, rewarding deposits with APYs.
- The central feature for its users is to make proposals or make consensus votes.
- Binance Smart Chain (BSC) which will make all the transactions faster, even when there is huge traffic.
- The development and designing team of Mountanaz (MNAZ) have developed an intuitive and interactive platform using a usability-first approach.
Mountanaz (MNAZ) has been built on Binance Smart Chain (BSC), a blockchain network designed to run smart contract-based applications. BSC provides smart contract programmability and compatibility with the Ethereum Virtual Machine (EVM). With Binance Smart Chain as its foundation, Mountanaz seeks to achieve a high level of security, automated transactions and fast transaction speed.
Both Avalanche (AVAX) and Mountanaz (MNAZ) seek to provide their users with speed and easy accessibility.
With all the features and overcoming the flaws in the current Defi system Mountanaz (MNAZ) looks like a good token that can be added to the portfolio.