But before going any further, I want to tell you first about Cryptocurrency or Blockchain Technology. So, Cryptocurrency was originally known as a payment system that allows people to be able to make transactions quickly, without third parties, transparently, securely, and anonymously. Satoshi who is the creator of Bitcoin, makes Bitcoin beat the centralized financial system that is prone to manipulation and controlled by one party. With the growth and development of the Crypto or blockchain ecosystem, Aside from cryptocurrency, blockchain technology is also being used in various ways. Two of these are non-fungible tokens NFT and DeFi decentralized finance are two very popular ways of transferring money. These two are very popular ways of transferring money and decentralized finance. Due to the increasing popularity of blockchain technology, many industries are exploring its various capabilities. Non-fungible tokens and decentralized finance are two very popular ways that are being used to finance various projects and businesses.
Introduction
Non-Fungible Defi (NFD) token technology that aims to be an independent. The platform aggregates numerous protocols. For instance, when users deposit, the platform will automatically allocate user funds to the recent consensus with the highest revenue, and provide users an inscription In order to verify the ownership and incomes of Non-fungible defi ( NFD ) token. The platform enable users to withdraw their initial deposited tokens and income via NFD Token which can also be exchange to any cryptocurrency.
Why we should use NFD?
Problems with transfer fees: Since recent times, Ethereum chain (ERC-20) ecosystem price is skyrocketing like crazy and this makes difficult for users to swap their ethereum based tokens in different currencies and this costs nearly around thousands of dollars per month for an average trader.
Problems with Dex trading fees: The main motive of the Decentralized Exchanges is to diminish the trading fees
of centralized exchanges and have smoother transactions. which is not at all followed in today's dex's exchanges like Uniswap and Pancakeswap.