1 inch network, Curve DAO token and Revolutux

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The bear market is in full swing and cryptocurrency tokens are currently experiencing huge price drops. These price drops are normal in a bear market and investors should not panic. Newbie cryptocurrency investors are prone to making rookie mistakes, like selling strong crypto projects in a bear market and making losses. It is important to protect your capital during these times as volatility is endemic. Additionally, the bear market provides investors with an opportunity to buy the dip and buy discounted crypto projects. This way, they can take advantage of the upside once market sentiment improves. Before purchasing projects, it is important that investors perform due diligence and thorough research to avoid poor decision making.

Three DeFi projects investors should watch out for in this bear market are: 1 inch Network (1INCH), Curve DAO Token (CRV), and Revolutux (RTVL). These three DeFi projects provide utility to their users and help them do more with their money. Additionally, these projects showed signs of a price rebound once market sentiment turned positive. Here is a brief summary of the three projects.

1inch Network (1INCH) – Multi Chain DEX

1 inch Network (1INCH) is a multi-chain DEX aggregator that users can use to find liquidity. DeFi users have access to over 200 different sources of liquidity when using the protocol. The 1INCH protocol uses its unique Pathfinder algorithm to find the best lending, saving, and borrowing rates in DeFi. In addition, the 1 inch Network reduces the time spent searching for the right rates. Users of the protocol can be assured of security as its AMM technology protects them from DeFi exploits like frontrunning.

The 1INCH wallet allows users to manage their DeFi activity from a single source. The wallet is available for computers and mobile devices. The 1INCH token is the governance token of the 1inch network and the protocol leverages a DAO that allows users to vote and propose changes to the network.

Curve DAO Token (CRV) – The Curve Protocol

Curve DAO Token is the native token of the Curve protocol which is a DEX (decentralized exchange) for stablecoins. It allows users to access liquidity pools from which they can borrow supported stablecoins. These liquidity pools are funded by liquidity providers who are rewarded by CRV. The Curve protocol uses an AMM (Automated Market Maker) model that allows its users to trade against pools controlled by smart contracts. Curve was launched in 2020 and it is the largest Total Value Locked (TVL) DeFi protocol.

CRV is the governance token of the Curve platform and it grants token holders the power to vote and propose changes to the protocol. Additionally, the CRV token makes holders automatic members of its DAO. CRV can be staked for long periods on the Curve protocol to increase rewards. This way, liquidity providers can get more value for their tokens instead of sitting idle in a wallet.

Revolutux (RVLT)

Revolutux (RVLT) is a DeFi project built on the Binance Smart Chain (BSC). The project aims to create wealth for its users by giving them the DeFi tools they need to succeed. Revolutux will create a DeFi ecosystem that would allow users to stake, trade cryptos, buy NFTs, and receive rewards. Additionally, Revolutux will control the protocol through its DAO which would be open to all members holding the RVLT token.

RVLT is Revolutux’s transaction and governance token. It is designed to BEP-20 token standards and is fully fungible with compatible tokens. RVLT is a deflationary token that would allow its users to perform various actions including depositing into liquidity pools, trading, and burning. Revolutux aims to create a DeFi platform that would provide users with access to more rewards and incentivize usage.

Revolutux (RVLT)

Presale: http://begin.revolutux.com/

Website: http://revolutux.com/

Telegram: https://t.me/RevolutuxOfficial


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