DeFi created the wave of the times, NGKEX took advantage of the trend
According to data, NGKEX, as a DEX application on the NGK blockchain, has more than 40 million U.S. dollars in TVL within 10 days after it went online. At the same time, it is even more shocking that NGK tokens have gone from the initial online price of US$0.0215 all the way to US$1.64. What is the secret behind this? What is the reason for NGK to have such a big breakthrough?
The NGKEX is a decentralized exchange (DEX) developed based on the current popular NGK blockchain. It is committed to building the world’s leading DeFi ecological application and providing users with a complete decentralized financial platform that integrates pledge pools, liquidity mining pools, trading, a financial technology service ecosystem integrating DEX and cross-chain.
After NGKEX was officially launched at the beginning of this year, it broke through the milestone of TVL (i.e. total value locked) of US$5 million in within the first hour. The speed of NGKEX’s rise represents the speed of the rise of NGK blockchain, and indicates the prosperous prospects of NGKEX.
In terms of transaction costs, a gas fee for a SushiSwap transaction may cost about US$10. If you want to quickly complete a transaction, the gas fee can reach tens of US dollars, which is very high for ordinary users. In order to solve the pain point in the Ethereum fees for participating in DeFi, the NGKEX is based on the NGK blockchain, and the transaction fees are only one-tenth of the Ethereum transaction fees, which lowers the threshold for direct participation in DeFi. With that, you can enjoy the value brought by the DEX and liquidity mining in the blockchain world.
In terms of transaction speed, the processing speed of the Ethereum network is about 15–20s, so it may take about 20s to perform an operation on SushiSwap, provided that the Ethereum network is smooth. On the other hand, the NGKEX, which is based on the establishment of the NGK blockchain, with its excellent blockchain performance, only takes about 1.5s for one operation. This smooth experience can greatly enhance the user experience, so that more people are willing to participate in it.
Some people may ask why NGKEX develops so rapidly and stands out in the DeFi wave?
Firstly, as mentioned above, NGKEX is built on the NGK blockchain ecology. Compared with other trading platforms, it has lower fees, faster speeds and a larger ecosystem;
Secondly, NGK is the core of the NGKEX. It is 100% issued on the NGK blockchain. There is no pre-mining and no VC distribution. It is open to everyone. The NGKEX aims to create a complete cross-chain decentralized trading platform network for users around the world. At that time, more than 900 million NGK supply will be circulated in the NGKEX. Based on the stable appreciation of NGKEX’s value, the future of NGK, its core token, has prospect beyond imagination.
At present, NGKEX has received many attentions in various industries. The data shows that the strong momentum of NGKEX is full of imagination. In the future, the NGKEX will continue to promote the development and application of the DeFi industry with a new layout.