Dec 30, 2020
Baccarat introduces smart contracts into DEFI finance, creating a new financial revolution
In a short period of time, YFI announced the merger of some well-known DEFI protocols such as Pickle, Cream, Cover, Sushiswap, etc., which attracted the attention of the entire market. The trend of mergers prevailing in the DEFI financial sector will face a “decentralization” movement, leaving fewer opportunities for DEFI financial. Does DEFI Finance still have the momentum for change?
The explosion of DEFI finance is based on the introduction of trust as an asset into the blockchain world so that the value of trust can be confirmed and flowed. The introduction of smart contracts into DEFI finance will be the starting point for a new round of financial prosperity.
For the first time in the world, smart contracts were introduced into DEFI Finance. Baccarat uses the two-way “automatic market-making” cycle mechanism on the entire chain to create a brand-new business system, open up the multi-level circulation market to build a complete circular economy ecology, and promote a new financial transformation in the blockchain industry.
Baccarat does not have a project party, which means that it is a global community working together to govern the ecology, build and share together. Compared with a centralized project, the operation ability of a project party determines the success or failure of the project. The operation of a decentralized project pays more attention into bringing the power of all people together, pooling their efforts, returning power to the community, and achieving a sustainable and stable governance system.
The DeFi dedicated token BGV issued by Baccarat was launched on the AOFEX exchange on 3rd of December at California time. Once it went online, the opening price soared to $422, and the closing price was $489.47, which was 979 times higher than the initial price of $0.5! BGV measures the issuance of 60,000 pieces, and the current circulation rate is only 16.67%. There is still a lot of room for growth.
Baccarat’s development plan for the next 3 to 5 years will be completing the construction of the decentralized mortgage lending agreement, decentralized consumer payment, decentralized game ecology, decentralized mall, and decentralized exchange in the DEFI financial ecosystem. Linking all DEFI financial applications, as well as transforming traditional industries, circulating NGK and BGV tokens in the ecology, can help the stable increase of the value of NGK and BGV, forming a true cycle to carry the DEFI financial revolution to the end.
