ModiCoin is poised to revolutionize the crypto world as the new model promises to empower investors by focusing on audibility, traceability, transparency and security.
ModiCoin is poised to revolutionize the crypto world as the new model promises to empower investors by focusing on traceability, transparency and security.
VICTORIA, AUSTRALIA, Jan. 16, 2022 /EINPresswire.com/ — Defi models have already taken the crypto world by storm simply due to their ability to break new ground for investors looking for peer-to-peer transactions in a highly secure environment to open. An addition to the Defi ecosystem, ModiCoin already promises healthier extensions with a variety of features.
What is ModiCoin?
ModiCoin stands for “Medium of Defi in Center of Incorruptible Network”. It is a community-driven cryptocurrency token model that aims to create a risk-free space for token enthusiasts. In other words, ModiCoin is a cryptocurrency powered by Binance Smart Chain and adheres to the BEP20 standard.
The utility coin is more valuable than other cryptocurrencies in circulation, including Bitcoin, Ethereum, etc., as its innate attributes allow users to profit from it by “locking” their token for a while. And although the underlying token can fluctuate, the user receives continuous rewards simply for owning those tokens.
Highlighting the features of the ModiCoin ecosystem
The ModiCoin ecosystem has several applications that can be implemented like charity or other marketplaces. Here are some of its distinguishing features:
Decentralized deflationary: Decentralized exchanges offer a risk-free way to buy and sell assets without tying your money to anyone else. That means you can run your business logic programmatically without processing transactions.
Anti-Whale System: Cryptowhales are individuals who own large amounts of cryptocurrency coins and dominate marketplaces. ModiCoin aims to ensure that tokens are not accumulated in one place and are evenly distributed among customers.
Anti-dumping scheme: Pump-and-dump is a manipulative scheme to inflate commodity prices through fake recommendations based on misleading claims. The ModiCoin ecosystem provides an anti-dumping method to reduce volatility and contain dumps.
ModiCoin will be used as a payment system in the near future: ModiCoin would be available to be used instead of actual currency in areas like retail markets where one can buy goods and services based on ModiCoin or other payment systems supported by this platform.
How does the ModiCoin ecosystem work?
ModiCoin works with a crypto-based financial solution based on three pillars: Automatic Combustion, Liquidity Pool and Redistribution to Stakeholders.
According to ModiCoin, a certain amount of tokens will be phased out regularly to maintain Modicoin’s value ahead of the 100 trillion coin launch to allow investors to continue their activities.
The ecosystem is also equipped with automated liquidity pools that serve two core functions
1) Protect the cryptocurrency value from collapsing during the sell-off.
2) Offer enough cash to ensure tokens can be traded to buyers.
Finally, ModiCoin will redistribute 2% of each transaction to the existing holders.
Conclusion
All in all, ModiCoin appears to be a robust mechanism that aims to harness the power of blockchain technology and strengthen cryptocurrencies as it promises less risk of system failures, builds trust and gives control to investors instead of a government institution.
The token-based platform will give access to the maximum profits to investors, buyers and developers worldwide. Crypto enthusiasts are waiting to see how the company develops as the platform is still in the development phase and blockchain technology has yet to be adopted.
Himanshu
ModiCoin
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January 16, 2022 at 20:45 GMT
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