Any blockchain native asset is always given a special status in the internal ecosystem of its platform.
The recent 12,000-fold increase of NGK memory on the NGK platform and the 75-fold increase of tokens have aroused widespread discussion and attention in the market, and why it has such a performance deserves profound reflection.
NGK’s public chain ecological construction and expansion capabilities are extremely strong. For its USDN stable currency, DeFi decentralized finance and many other fields, NGK has been paying attention to and actively exploring the layout.
So starting from the new NGK DeFi project Baccarat, is it true hype or true value?
Why can Baccarat stand out on the DeFi track? While discussing this wave of DeFi bull market, it is also necessary to look forward to future trends and the key to seizing opportunities.
The first step is naturally decentralization. First of all, DeFi is short for decentralized finance, which aims to establish a transparent financial system: it is open to everyone, does not require permission, and does not rely on third-party institutions to meet financial needs. As a value transmission method, the blockchain is bound to bring major changes to the financial industry, which is essentially value circulation, and bring the entire financial industry into the era of decentralization.
Baccarat is a decentralized financial trading platform. It is a protocol based on the NGK public chain, which aims to promote automatic exchange transactions between NGK tokens and digital assets. NGK has achieved a major technological breakthrough and is unique The account system makes it easy for anyone to participate and provide liquidity on NGK.
NGK aims to create a completely equal decentralized closed-loop financial ecosystem. The new project is a decentralized exchange with practical application scenarios for the mining rewards (liquid mining) of the equity tokens given to the providers of liquidity.
One is the user experience. NGK and Comp have a large-scale user base, and NGK’s activity is not weaker than that of MKR. In terms of user interface design and functional use, NGK’s page is concise and clear, which is very friendly to novices. After the editor operated its APP, the evaluation was two words: smooth.
Finally, the prosperous NGK ecology empowers Baccarat. The NGK ecosystem is prosperous enough. DApps with large user scale and high-frequency user behavior are constantly emerging. Various DApps give every user the opportunity to profit, and the value of NGK is becoming more stable.
Although NGK is still in its embryonic development stage, its potential has initially emerged. In the future, DeFi will no longer be a dominant market. We firmly believe that NGK can realize the accelerated development of DeFi with Baccarat. Let us all hope that passionate entrepreneurs and new blockchain technology can achieve a new transformation and revolution in traditional finance.
