The decentralized finance (Deify) market has attracted increased interest from crypto enthusiasts in recent years, attracting investors from all over the world. In its simplest form.
Deify is a term used for financial applications built on blockchain technology that aim to democratize the economic landscape by replacing centralized institutions.
Today, Deify platforms can provide you with a full range of financial services – from trading, borrowing, lending, decentralized exchanges, asset management, etc.
If you are interested in acquiring a piece of this innovative market early, investing in Deify coins is one of the best ways to go.
Here at DefiCoins.io, we take a look at some of the best Deify coins on the market and explore their role in their respective Deify ecosystems. We also explain how you can buy Deify coins from the comfort of your home without paying a single cent in brokerage fees or commissions.
10 Best Deify Coins of 2022
With the growing popularity and emergence of new Deify platforms, the list of Deify coins is constantly growing. This is huge, especially considering how young the Deify phenomenon is.
Here is a list of the top 10 Deify coins that have fueled this decentralized marketplace.
1. Happy block (LBLOCK)
Our number one pick when it comes to the best Deify coins: Lucky Block. Lucky Block is an innovative crypto lottery platform that has taken the market by storm since the end of the pre-sale in January 2022.
Lucky Block, built on Binnacle Smart Chain, uses blockchain technology to optimize and improve the services offered by traditional lottery operators.
Using this technology, Lucky Block can transcend geographic boundaries and offer lottery draws that anyone can participate in. Moreover, these draws are more fair and transparent, and the prizes are distributed almost instantly due to the digital nature of the platform.
The platform itself works by using LBLOCK, Lucky Block’s native token. In addition, the official Lucky Block telegram group now has around 40,000 members, highlighting the hype surrounding the platform.
LBLOCK is used to pay for lottery tickets, as well as to distribute prizes. Notably, LBLOCK holders even get access to regular “dividend” payouts through the Lucky Block app.
In addition, the Lucky Block white paper details other interesting aspects of the LBLOCK token, including the fact that there is a built-in burn rate that is designed to increase the value of the token over time.
Since the end of the presale, Lucky Block has proven to be a viable option for the best cryptocurrency to buy for less than 1 cent. Following the launch of LBLOCK on PancakeSwap, the price of the token soared over 830%, hitting an all-time high of $0.0096 on February 17th.
Although the price has come down a bit since then, Lucky Block now has a fully diluted market cap of over $588 million, and with potential Binance, Crypto.com, and FTX listings on the horizon, now could be the perfect time to invest in LBLOCK while the price is still low. .
2. Unsnap (UNI)
Unsnap is a leading decentralized exchange currently dominating the Deify market. The Unsnap protocol has attracted a loyal following in line with its crypto asset solutions. It allows you full control over your private keys, integrates with external wallets and allows you to trade with low fees.
The UNI token was launched by the Unsnap protocol in September 2020 – as a means of rewarding USERS. The Deify coin entered the market at a trading price of $2.94. The Deify coin can arguably be considered one of the best performing tokens in the industry with over 1.100% growth in just eight months.
It is also one of the best Deify coins in terms of valuation with a market cap of over $18 billion. When you purchase UNI, you will also receive incentives and discounts on the Unsnap protocol. For example, depending on the size of the UNI holdings, you will be able to vote on various policies proposed for the Unsnap ecosystem.
The Unsnap protocol has already developed a four-year UNI token distribution plan. Of the 1 billion coins, 60% is reserved for members of the Unsnap community. The Deify coin is already available for trading on popular cryptocurrency platforms such as Capital.com.
3. Chain-link (LINK)
Link of the Chain This is arguably the most widely used decentralized oracle network currently available in the Deify market. It transmits real data to smart contracts on the blockchain, serving as a link between the unprecedented amount of information transferred between cryptographic Daps. The provider has also released its own LINK token, which has several functional utilities on the platform.
With the growing popularity of decentralized platforms, Chain-link has experienced significant growth since its launch in 2019. It has reached the point where it can fund other crypto initiatives that could be of value to the Chain-link ecosystem.
In terms of market capitalization, LINK is one of the hottest Deify coins at the moment, with a value in excess of $14 billion. The Deify coin arrived in 2021 with a price of $12.15. At the time of writing, in April 2021, LINK’s value has since hit an all-time high of $44.36. Many expect this upward trajectory to continue over time.
Over the years, Chain-link has established itself as one of the best Deify platforms that has maintained its relevance in the industry. As the functionality of its Deify platform expands, LINK will be able to provide other Deify developers with additional flexibility. Given these aspects, the LINK token is arguably one of the best DeFi coins to consider in 2022.