While backers of traditional fiat currencies may view crypto projects as a threat, they are actually the answer to many problems in the world today. Human rights activists recently told Congress that bitcoin and other digital assets are essential to help countries with collapsing economies.
For local economies experiencing runaway inflation, collapsing currencies and banking systems that have been cut off from the real world, digital assets and decentralized finance options offer real hope in the face of these effects. Businesses, investors and ordinary people can see their economic prospects plummet when their own currencies lose value or their ways of doing business are restricted internationally.
Many people consider traditional currencies to be “safe”. And while this may still be considered the case for some of the larger and more established fiat currencies, this is simply not the case for the smaller ones. Cryptocurrency and digital assets give normal people access to a more democratized currency that is not dependent on the actions of their own governments or the failings of their own economic system.
As human rights activists cite Bitcoin in their primary address, how could other promising crypto projects help improve the world’s access to financial freedom?
SppokySwap is an all-in-one platform for raising funds in digital ecosystems. In other words, it aims to give everyone access to financial tools and control over their own digital investments. Currently with a market capitalization of around $34,000,000 and a total trading volume of over $60 billion, SpookySwap is the number 1 protocol based on the Fantom network. we believe this project could be key in helping to democratize access to global currencies.
Another unique new crypto idea that is gaining traction recently is Gnox. While still in presale, Gnox saw price increases of 52% in recent weeks.
Gnox aims to bring the benefits of decentralized finance (DeFi) to the entire planet, helping normal people take control of their money and reap the benefits of yield farming as a service, all-in-one. a. And there’s a key difference between Gnox and SpookySwap that also helps differentiate GNOX from many other DeFi lending platforms: it was designed to support the technical side of investing for people who want to take advantage of the benefits. they bring without any experience or knowledge of how they work.
The creators of Gnox spotted a problem: people want to control their money and be able to enjoy passive income streams, but far too many of them are hesitant to invest in DeFi because it’s not very welcoming to newcomers. How can regular investors get involved if they don’t know how staking, liquidity pooling, and other DeFi strategies work? With Gnox, they can. But it’s not a completely passive approach… It’s still democratic. Indeed, Gnox holders will participate in regular votes on how and where their invested funds will be used. And that’s why Gnox could be the future for regular investors entering the DeFi space.
Crypto projects like GNOX and SpookySwap sit alongside more established coins like BTC in a new wave of financial democratization. This wave should give the whole world real control over their finances at a time when many need it more than ever.