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Kick.io is spearheading the transition to Cardano-based DeFi

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Few experienced analysts would argue that Decentralized Finance (DeFi) has lately been on a rocky path. Unstable rates, numerous marketplace adjustments, and creative destruction are weeding out the weakest participants in the sector while strengthening the leadership of intellectuals. Furthermore, KICK.IO, a decentralized fundraising platform based on the Cardano Network, has seen a great opportunity during the chaos.

Although Ethereum, the DeFi industry’s behemoth, seems to be on the approach of being terminated, KICK.IO is happy to help.

Although Ethereum continues to benefit from the incumbent’s advantages (i.e., traders stay with it for the sake of convenience), experts are keen to point out that the current quo will not endure. Cardano, termed the “Ethereum Killer,” is generally expected to overtake Ethereum in terms of total network transactions soon.

That’s because there’s a wave of concern with Ethereum’s Proof-of-Work (PoW) consensus method, which has resulted in a slew of complaints about the network’s slow transaction rates and expensive fees. Ethereum’s environmental ethics have recently been questioned, with experts speculating on whether the energy inefficiency of its methods would eventually become the focus of both mockery and shareholder revolt.

Traders are on the lookout for genuine competitors to the incumbent as the DeFi market becomes more ambitious and environmentally sensitive. Cardano, which was established by Charles Hoskinson, a co-founder of Ethereum, is the most probable option to take over as DeFi’s next leader.  Because of its completely decentralized nature and scalability, the world’s first multi-layered blockchain is probably certain to make an impact.

Its Proof-of-Stake (PoS) protocol, Ouroboros, is a technical wonder. Cardano is ushering in a new age of considerably quicker transactions, ultra-low fees, and carbon-free crypto transactions using an academic evidence-based methodology.

KICK.IO aims to lead this transition, allowing the DeFi sector to shift its focus to the Cardano network. The KICK.IO platform is expected to develop into a destination where Cardano’s large community can join to finance high-growth initiatives and choose tomorrow’s champions.  Kick.io is set to execute market-leading functionality, including full Cardano native token support, as well as a suite of project kickstarting and endorsement capabilities that all advanced projects require to flourish and thrive.

KICK.IO is managed by a team of DeFi and traditional finance professionals. In order to protect the interests of our stakeholders, Kick.io selects only the most trustworthy and promising projects – those with the most potential to contribute significantly to the Cardano ecosystem. 

KICK.IO is scheduled to go public on September 15th. However, a private sale will be held on July 28th. Keep these dates in mind: the project has already attracted a lot of interest from retail and institutional investors, and it’s already sold out.

With the Cardano bull market gaining momentum, now is the time to demonstrate that the DeFi sector is still alive and kicking.

Social Links

Telegram: https://t.me/kickioglobal 

Twitter: https://twitter.com/kicklaunchpad 

Media Contact

Brand: Kick.io

Contact: Caesar Chad

Email: [email protected]

Website: https://kick.io

SOURCE: Kick.io

Disclaimer: This is a paid post and should not be treated as news/advice. 

With Masters in Mass communication and journalism, Anjali's interests lie in blockchain technology adoption across emerging economies.

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