Today we will be looking at two of the newest ICOs from Moovy and Cedro Finance, let’s see what they offer in depth!
Moovy is a new game project which has an experienced team and a well-developed roadmap. Its platform will allow players to drive real world cars and earn rewards in the process. Additionally, users will have the opportunity to socialize with people who share their interests and make lasting friendships. The company uses the most advanced technologies. It uses blockchain, GameFi and DeFi to offer the best gaming experience to its customers.
Additionally, Moovy developed a drive2earn infrastructure that allows players to own their cars. Users will have the opportunity to earn $MGAS tokens by winning races. They can then exchange their tokens or other in-game items for fiat currencies.
Initially, the team wanted to create a Move-and-Earn app, as this trend became especially popular in 2022. They planned to create a game that revolves around common cars and their mechanics, including repair and tuning. But the team members soon found that they wanted to create something even more exciting. This is how they ended up developing Drivers Metaverse. The latter unites several mechanics that interact with each other. The company made sure that it worked perfectly.
Additionally, Moovy introduced its native utility token: MOIL. The Moovy ICO team plans to launch its public sale on February 20, 2023. However, the sale will end on March 5, 2023. According to the company, the price of 1 MOIL token will be $0.19 during the initial offering of coins. The platform will accept ETH, BTC, BNB, USDT, and BUSD in exchange for their native tokens.
What is Cedro Finance ICO (CED)?
Cedro Finance is another promising project that has caught the attention of investors. This cross-chain decentralized liquidity protocol will allow people to lend and borrow various listed assets. By depositing your assets, lenders will contribute to the liquidity of the platform. On the other hand, borrowers will be able to borrow the liquidity.
The team created the platform’s native token, CED, which is currently trending. While Cedar Finance has not yet announced the start date of the ICO, it is likely to happen soon. The total supply of these ERC20 tokens is 500,000,000, but the team will offer only a percentage for purchase.
Cedro Finance has many advantages that differentiate this platform from other similar ones. For example, it provides greater capital efficiency by connecting fragmented liquidity across chains. Thanks to this approach, both lenders and borrowers will get better rates on their assets.
Also, users can access multiple chains simultaneously and find more financial opportunities. The team ensures that their users will get the best possible experience. Customers usually need to use multiple third-party services to open different stalls on the chains. But this platform simplifies that process and makes it much more convenient. Furthermore, Cedro Finance is secure and easily scalable.
The team has designed its protocol architecture from an innovative point of view. It incorporated smart contracts into the platform. As a result, clients must interact with these contracts on the asset chain if they are paying or depositing tokens. The company also noted that if the user is withdrawing, borrowing or paying off, they can do so on the platform without switching networks.
What other features does Cedro Finance offer?
The company noted that many users treat multi-chain assets as different assets. Consequently, liquidity fragmentation often remains at the asset level.
Take USDC, for example. It is live on multiple chains, such as Ethereum, Polygon, Solana, etc. But clients treat them as different assets. On the other hand, Cedro Finance aims to virtually merge the liquidity of these assets into various chains. With this approach, users won’t have to bother investigating the original string of their multi-chain assets. The team calls its innovative features: CULT.
In addition, Cedro Finance wants to connect the liquidity flow of the multiple chains, as well as merge their liquidity. That introduces infinite possibilities. The team also believes that users may be wary due to multiple scams in the defi market. Therefore, it takes the security issue very seriously. The company has developed a decentralized protocol to avoid such concerns.
It sends all the funds to your smart contracts. While these contracts are accessible to anyone, only the owners of the keys will be able to withdraw funds. Therefore, this system is absolutely secure and transparent. The company periodically tests the system to ensure that the security works.
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