Most of the current DeFi projects are based on Ethereum. This means that these DeFi projects have the disadvantages of Ethereum’s current low storage capacity, slow transaction speed, susceptibility to network delays, and high gas fees. As a result, most eco-builders who want to participate in DeFi have been stopped from participating which is not conducive to the expansion of the DeFi market and the innovation of DeFi technology. Therefore, if DeFi wants to expand the market and continue to develop in the long run, it must “out from” Ethereum and build a new type of DeFi project based on the new underlying architecture.
After several rounds of internal testing, Baccarat was finally officially launched yesterday. It perfectly combines the underlying architecture of the NGK blockchain with the advantages of DeFi to create a decentralized liquidity mining platform that can provide ecological builders with a good user experience.
As we all know, the NGK blockchain integrates multiple technologies, such as graphene technology, DPOSS consensus algorithm, distributed storage technology and etc. The integration of these technologies enables the NGK blockchain to have multiple advantages such as fast transaction speed, high storage capacity, not easy to freeze, and extremely low handling fees, which can enable more ecological builders to participate. Baccarat which operates based on the NGK blockchain also has these advantages, which can provide many ecological builders with a good transaction experience while also reducing the mining costs of ecological builders.
In addition, before the official launch of Baccarat, the coin distribution rules have been changed, that is, a fixed maximum of 277 BGV coins per day will be issued. The distribution is based on the proportion of the liquidity reserve pool and the individual, and the proportion of the entire network is recorded every half an hour, and the final statistics are obtained after weighted distribution. This reduces the release speed of BGV, and can avoid excessive concentration of BGV and the problem of dumping pressure. At the same time, it is also conducive to the distribution of BGV to more ecological builders, which is conducive to the decentralization of BGV. In addition, Baccarat also extended the release period of BGV to 180 days, which increased the continuity of BGV coins.
Based on the abovementioned, it is not difficult to see that Baccarat has advantages that most DeFi projects on the market do not have. Therefore, it is more suitable for ecological builders to mine, and it can attract more ecological builders to participate in the DeFi market.
In the future, Baccarat will also be deployed in many fields such as healthcare, sports, finance, new energy, biotechnology, etc., to create a decentralized financial ecological industry system. At that time, the value of Baccarat will be increased, and it will also drive the price of the BGV coins to rise, making BGV a high-fold currency.
Of course, Baccarat will continue to carry out technological innovations to promote technological progress in the entire DeFi field, thereby promoting the development of the DeFi market! It can be seen that Baccarat is imperative for DeFi to “out from” Ethereum!
