5 Things That Make Mountanaz Token (MNAZ) A DeFi Competitor To Avalanche (AVAX) and Terra (LUNA)

By Lindsey Benson
3 years ago
In cryptocurrency

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Introduction

The DeFi sector has been making significant gains for some in the crypto market. DeFi sector giants like Avalanche (AVAX) and Terra (LUNA) are currently ranked among the top 30 cryptocurrencies globally and many crypto experts have also predicted that these giants will soon be ranked in the top 10.

Cryptocurrencies and Decentralized Finance provide a mechanism for launching new systems while avoiding the challenges posed by the transformation of the financial industry. Although, cryptocurrencies cannot be invested in the same way as fiat currencies. The initial efforts to generate peer-to-peer lending and asset tokenization were incomplete and unreliable, and investors had few other options to invest in crypto assets. Like fiat currencies, cryptocurrencies are very likely to provide financial services. Mountanaz Token (MNAZ) is an upcoming cryptocurrency that is also based upon the DeFi sector, it is aiming to refresh the financial and crypto world that is currently underutilized.

Mountanaz token

Mountanaz token (MNAZ) is a public blockchain that uses a decentralized set of tokens to deliver Decentralized Finance to a larger audience. It has a well-thought-out governance structure. In addition, it has a multi-chain platform that allows token holders to trade and move tokens almost free of charge. It is a DeFi protocol designed to provide cryptocurrency users with seamless access to decentralized financial services and tools. Its users can borrow and lend crypto assets using the platform’s multi-chain capabilities.

The idea behind the Mountanaz token is based on taking P2P lending to another level. In the past, you could only deposit native cryptocurrencies into a liquidity pool, but now anybody can deposit their favorite cryptocurrency. This pooling strategy provides a more efficient asset allocation system for borrowers as the existing permanently available liquidity pool significantly reduces the time between requests and wallet credits. All the borrower needs to do is deposit the collateral in a different cryptocurrency than the one borrowed.

The Mountanaz team is confident that the platform will fulfill its promise of accessible global financial facilities. The main obstacles are geographic and regional laws that govern the use of cryptocurrencies.

Let’s look at 5 key attributes, that will make Mountanaz token the next big thing in the crypto world:

1. Liquidity bounded with enticements

The success of a lending protocol depends on the amount of liquidity confined in the smart contract. Given that investors need to profit, it can be difficult to have enough assets. Mountanaz token is aiming to leverage liquidity with multiple incentives.

2. Redefined Governance

The public has no control over how the financial system works and cannot participate in decisions that affect interaction with institutions. Mountanaz token is aiming to redefine how a typical governance system works, as users can make suggestions and vote for consensus.

3. Boundless Lending

It is aiming to provide a lending system that ensures loan approval terms are favorable to all relevant stakeholders (lenders, borrowers, platforms). In addition, it also certifies that there are no obstacles in the ecosystem and smart contracts so that everything runs smoothly.

4. Elastic Ecosystem

It will provide a truly scalable and decentralized utility-based ecosystem, which not only attracts the best partnerships but also supports collaborations. As the number of digital assets available on the platform increases, so does the liquidity pool.

Intuitive and Interactive User Interface

Most crypto users complain about the complexities attached to infrastructure and interfaces; with the Mountanaz token, this is not the case. It is striving to provide an interactive and intuitive user interface, which enhances ease of use.