After a few lossy weeks, the crypto markets are currently seeing strong green again: many coins are recovering in the double-digit range, several analysts expect an upward trend. DeFi projects in particular could receive a massive influx this summer. We present five promising DeFi crypto coins and tokens to invest in in July: DeFi Coin (DEFC), Uniswap (UNI), Chainlink (LINK), Aave (AAVE) and Synthetix (SNX).

DeFi Coin (DEFC)

A promising new DeFi token is DeFi Coin (DEFC). DeFiCoins.io and the associated DeFi Coin Protocol (DEFC) have made it their goal to build a new DeFi ecosystem. In it, users should be able to trade digital currencies decentrally – i.e. directly with each other, without a centralized third party.

The DeFi Coin Protocol (DEFC) offers the following core functions: static rewards, automatic liquidity pools and a manual burning strategy.

For this purpose, the protocol uses a native digital token – the DeFi Coin (DEFC). DEFC is based on the Binance Smart Chain and can be exchanged between users on a wallet-to-wallet basis. To motivate DEFC holders to hold their tokens for the long term, all transactions are taxed at 10%. Day trading, for example, no longer brings the desired profit. This is an advantage for the DEFC price, as day trading usually involves increased volatility and wild price fluctuations.

5% of the fee will be distributed to existing DeFi Coin Token holders-in principle similar to conventional dividend payments. The other 5% will be used to provide liquidity on decentralized exchanges.

Simply put: If a user sells DeFi Coin or exchanges it for another cryptocurrency, existing DEFC holders will benefit as a 10% fee will be charged. And 5% of this fee will then go pro rata to all DEFC investors.

Another important component of DeFi Coin is the ongoing burn program. This reduces the overall supply. More precisely: If fewer tokens are in circulation, this has the desired effect that the market value of the remaining coins increases.

DeFi Coin also uses automatic liquidity pools. That means: When users put their cryptocurrency in liquidity pools, they have the opportunity to receive interest on it.

DeFi Coin-new exchange listing

You can buy the new DeFi Coin (DEFC) via various options. Just recently, DEFC was listed on its first centralized crypto exchange, Vindax. In this respect, the price of the coin is currently also in the cent range. You can register here via this link at vindax.com register to buy DeFi Coin (DEFC). The listing price is $ 0.20.

Also available is DeFi Coin (DEFC) via the homepage or in direct contact with the support. For this purpose only to [email protected] email-the staff will help you through the rest of the process.

Uniswap (UNI)

Uniswap is one of the most innovative DeFi projects of recent years and well positioned to massively increase its value in the coming weeks (click here for our UNIVERSITY course forecast). But what is Uniswap? Uniswap (UNI) is a crypto exchange launched in 2018 for the exchange of ERC-20 tokens on the Ethereum blockchain. Like other DeFi projects, Uniswap works without a third party that could restrict access. The Uniswap protocol was able to gain a loyal following due to its efficiency, low fees and ease of use, among other things. Currently, the UNI token is trading around 60% below its all-time high at $ 44.97. If there is a new “DeFi summer”, UNI could be at the forefront in terms of price gains.

For example, you can buy UNI on the Bithumb, Binance, eToro, Kraken, FTX, or Coinbase crypto exchanges.

Chainlink (LINK)

DeFi cryptocurrency Chainlink is considered the number 1 oracle network. Chainlink feeds data from the real world into smart contracts on the blockchain. In this way, LINK acts as a link for the incredible amount of information that crypto dApps exchange with each other. In the wake of the ongoing DeFi boom, Chainlink has also seen massive gains since its inception in 2019.

With a market capitalization of more than 8 billion dollars, LINK is also one of the most popular DeFi coins currently. The growth since the beginning of the year is impressive: On January 1, the LINK price was still just over $ 11, but the coin was able to more than quadruple its value within the next few weeks. Currently, the price has halved again. However, many assume that LINK will reach its previous all-time high again in the next few weeks and then leave it far behind.

In sum: Chainlink is one of the most important DeFi platforms and is expected to play an increasingly important role within the DeFi ecosystem in the future. Taking these factors into account, LINK is one of the most promising DeFi coins for July 2021 and beyond.

Chainlink is available from eToro, Binance, FTX, Coinbase, Kraken or Uniswap.

Aave (AAVE)

Another top DeFi coin is Aave (AAVE). Aave is an open source DeFi platform (then called ETHLend) that has been in existence since 2017 and offers crypto lending services. The non-attachable liquidity protocol allows you to earn interest on your cryptocurrencies as well as take out loans for them. in 2018, the DeFi platform was then renamed Aave and expanded to include credit functions.

Users also have the option to stake their Aave coins. In this way, you contribute to the security of the network and are rewarded with Aave in return. Aave is promising because the crypto lending market is growing rapidly-and Aave is one of the top protocols in this area. This is also evident in the valuation of the DeFi coin: with a market capitalization of 2.9 billion dollars, Aave is ranked 29th of all cryptocurrencies.

You can buy Aave (AAVE) e.g. at eToro, Binance, Coinbase, Huobi, FTX, KuCoin, Uniswap or 1inch.

Synthetic (SNX)

Among the more well-known names in the DeFi field is also Synthetix (SNX). Synthetix is both a decentralized exchange (DEX) and a platform for synthetic assets. The protocol is based on the Ethereum blockchain and is designed to give users access to the underlying assets via so-called synths without having to hold the respective asset.

Thus, with Synthetix, users gain access to a variety of crypto and non – crypto assets and can access highly liquid synthetic assets (synths). Synthetix aims to expand the cryptocurrency space with the introduction of non-blockchain assets and provide access to a more robust financial market.

The platform allows users to trade said synths autonomously-without liquidity or slippage issues. The underlying assets are tracked using smart contract price delivery protocols (so-called oracles). SNX also offers a staking pool where holders can stake their SNX tokens and receive a portion of the network’s transaction fees in return.

You can buy Synthetix (SNX) at Bitstamp, eToro, KuCoin, Kranken, Coinbase, FTX, Uniswap or Binance, among others.

DeFi Coin (DEFC – – one of the most promising DeFi tokens

We assume that all the coins mentioned could be big winners in the medium term. The most promising coin in our DeFi top 5 in terms of development potential is likely to be newcomer DeFi Coin (DEFC). According to the whitepaper, the team wants to bring DEFC to CoinMarketCap in Q3 and also launch its own decentralized crypto exchange. The community app for iOS and Android is also scheduled for completion in the fourth quarter of 2021. DEFC has just been listed on Vindax-a significant milestone, as the DEFC team points out.

Last updated on June 30, 2021

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