Ethereum is heavily congested. How can retail investors save transaction costs?
Since DeFi broke out in June last year, it has not been discussed. Today’s DeFi is changing and continuously developing its technological innovation. Among them, those DeFi platforms built on the Ethereum protocol are particularly eye-catching. However, in the fierce competition of DeFi, some problems are particularly prominent, which have aroused everyone’s attention.
At present, the most criticized problem of Ethereum is its congestion problem, causing a sharp increase in the cost of DeFi. As for the fierce competition for Ethereum block space, this phenomenon is difficult to alleviate in a short time.
It is understood that the current gas fee of Ethereum has reached more than 300 Gwei. In the past month, the DeFi project, Uniswap has consumed 14,400 ETH, and its transaction cost is as high as US$18.6 million. Among them, a transaction fee cost several tens of dollars is quite common.
This may not be a big deal for large households, but for small and medium-sized retail investors, such a fee is unaffordable.
Therefore, if small and medium-sized retail investors want to enjoy the dividends brought by the DeFi market, they must choose other DeFi projects that are not based on DeFi. Baccarat is such a DeFi project.
Baccarat is built based on the bottom technology of the NGK blockchain. It is similar to those DeFi projects built on the Ethereum protocol, but it relies on a different underlying consensus. Observing the development trend of Baccarat can allow small and medium retail investors in the market to understand the possibilities of DeFi from a larger perspective.
In addition, Baccarat’s handling fees are lower than DeFi projects based on the Ethereum protocol, and more small transactions will occur, with greater transaction volume.
By participating in the Baccarat transaction mining, users can obtain high-fold currency, BGV. Currently, the BGV has been launched in the secondary market. After receiving BGV rewards, users can choose to sell it in the short term or hold it for a long time.
In addition, BGV has also launched the NGKEX, where users can conduct currency transactions. Speaking of the NGKEX, it is worth mentioning the services it currently provides. At present, the NGKEX provides four major currency exchange transactions: NGK/USDN, BGV/USDN, SPC/USDN, and VAST/USDN, which is very convenient and fast, allowing users to enjoy multi-currency transactions in one-click.
In addition, the BGV, SPC and VAST can also bring great profits to users. Especially SPC and VAST, they are tokens with higher value than BGV, and they are more worthy of being held by users. Moreover, it hasn’t been long since SPC and VAST went online and thus, the current price is low. If users enter the market early, they can obtain higher profit margins.