KRAGX Defi

The conventional financial system has been around for a very long time and many people are starting to realize the weaknesses of this system. With a centralized financial system, banks or financial institutions have excessive power in regulating everything from regulating the flow and supply of currency and eliminating or minimizing our desire to manage our assets. A centralized financial system includes the possibility of human error, corruption, gaps between rich and poor people, high loan interest rates, and many more. Our limitations in managing our assets make people start looking for a system that can minimize these weaknesses and that is in decentralized finance.

Decentralized finance (Defi) is an open financial system which built on blockchain technology that is decentralized. One of the purposes of the Decentralized Finance system is that some people still lack access to financial services. Although the need for financial service cannot be avoided

Decentralization means there is not a single point of failure, it is safe and all records are stored on multiple computers/nodes via a P2P network. Unlike banks or financial company that can close accounts from customers who don't meet the requirements, the character of blockchain is censorship-resistant.

One of the projects that use the blockchain-based Defi system is KRAGX Defi which is a unique platform that aims to provide decentralized financial services under one roof. We can find all the financial transactions we want in the KRAGX Defi ecosystem starting from financial services for lending and borrowing, staking, cryptocurrency exchange, decentralized applications, and automated market makers. This gives us full control over our assets and investments while still prioritizing transparency, security, and convenience in transactions because all transactions are conducted over smart contracts. This smart contract provides a simple and fast feature because it eliminates intermediaries and everything is completely automatic. This is what makes the KRAGX Defi Platform so much better than conventional financial systems in place. It can be said that KRAGX Defi with its platform can resolve almost all the issues we suffer from because of the centralized financial system.

KRAGX Defi provides several advantages if it joins the ecosystem. First, tokenization of assets, where all of our assets are represented in the form of tokens. This aims to minimize the possibility of human error, corruption, market manipulation, and also not to differentiate between rich and poor. Second, Faster and cheaper transactions because it has eliminated intermediaries that hinder the transaction process so far. All processes have been carried out automatically without any complicated bureaucracy that has been a hindrance. Third, open lending protocol, where we can store our assets like in a bank and we will get a return if another party borrows. However, in the KRGX Defi platform, everything is done automatically and securely through existing smart contracts so it is very safe and comfortable for borrowers and lenders. Everyone can provide loans or borrow without the need to make a loan application and the time-consuming third-party verification process.

To join the KRAGX Defi ecosystem, it is enough just to have the KRX Token which will become a medium for all transactions in the ecosystem. Everything is done using a smart contract so it will be very safe and profitable for us. To accommodate this, KRAGX Defi created a decentralized cryptocurrency wallet that can be used as a place to store our assets safely. Not only that, but the KRAGX Defi wallet can also be used to sell and buy assets, manage portfolios, staking, swapping, and many other features. In addition, there is also a DApp feature that will make it easier for us to interact with decentralized applications that run on the blockchain. This feature is a special attraction for investors because it will make their work easier. And don't forget the Automated Market Maker feature that enhances conventional financial transactions that will make your transaction adventure even more interesting.

There are quite a number of platforms that offer decentralized finance (Defi) system because it provides many advantages for its use. Each of them offers excellent features to attract investors/traders. This competition will result in a market selection where projects that are not unique will disappear by themselves. Investors are getting smarter in choosing what platform they want to use.

KRAGX Defi with its own uniqueness can be a potential alternative for investors. The various features offered will be enough to make it easier for investors to carry out all kinds of financial transactions quickly and safely and this is what they really need. There is no doubt that KRGX Defi will be able to compete in the tight cryptocurrency market which demands a variety of uniqueness to survive. However, it takes extra effort from the team to be able to massively introduce the advantages they have.

KRAGX Defi provides solutions to all problems that exist in existing conventional financial transactions. Using blockchain is certainly a very smart choice given the rapid development of blockchain technology in all aspects of life. The solutions offered by KRAGX Defi with their projects will certainly make it easier for all the work or transactions to be carried out. I personally hope that KRAGX Defi can compete and grab the Defi market.

KRAGX will offer various crypto assets on KRAGX Platform. Payouts will be made automatically on investment using smart contracts. As I write this article the token sale is in progress. You can participate by visiting https://kragx.io/