A Quick Glance into The Crypto Industry & How ModiCoin Aims to Revolutionize This Space in 2022

Needless to mention, 2021 was a fantastic year for the crypto market. In fact, the unfortunate global pandemic further accelerated its growth, as people started showing more interest in digital assets as compared to traditional finance. Today, investors and other stakeholders in the crypto industry are actively looking to ride the crypto wave, make relevant investments, and earn handsome ROIs. Hence, it is fair to say that the demand in the crypto market has already been established. Having said that, it is also true that this space is now looking for value-based utility and various industry experts have commented on how 2022 will be a revolutionary year for this industry as tokens with relevance, utility, and strong foundations will attract most investors.

The institutional and private interest in cryptocurrency will continue to grow. The majority of the world’s largest financial institutions are expected to begin adopting cryptocurrencies over the next couple of years. It is important to note that the ever-evolving DeFi movement is possibly a reaction to the drawbacks involved in centralized finance. 

Global economies are starting to recognize the potential of blockchain technology and have begun the process of issuing sovereign crypto-tokens known as central bank digital currencies (CBDC). The primary distinction between these digital currencies and private cryptocurrencies is that CBDCs will be governed by the issuing central banks. Even though this contradicts the very premise of cryptocurrencies, CBDCs are likely to be a success among a larger investor base that has previously considered investing only in traditional financial products.

Just to brush up on some of the basics, blockchain is the underlying technology on which cryptocurrencies operate. It has grown astronomically over the last decade or so and has established its potential to optimize several industries. Needless to mention, cryptocurrencies have emerged as one of the most potent applications of blockchain technology and the possibilities of further enhancing its scope is massive. 

Modi – “Medium of Defi in Centre of Incorruptible Network” is a community-driven technology ecosystem that aims to revolutionize the way people adapt, trade, and invest digital assets. It is also a Defi initiative that promises to provide a secure environment for token enthusiasts. Our key differentiator is the high scalability power enabled by lightning-quick cross-border transactions for a wide array of use cases while maintaining top-notch security standards.

Our platform is powered by its native token named ModiCoin which is based on the Binance Smart Chain and adheres to the BEP20 standard. This token fuels our entire ecosystem and users can utilize this to access various products and services within and beyond our platform. ModiCoin is a highly differentiated digital asset developed around a robust economic model.

It is important to note that the ModiCoin ecosystem has several applications where it can be implemented, but there are a few common features that define why one should choose our platform to manage and invest their digital assets. These include – Highly decentralized model, a Deflationary token mechanism, an Anti-whale system, an Anti-dumping system, Auditability, and Scalability. We will explain all of these and more in dedicated blog posts.

All in all, ModiCoin is an end to end crypto-based financial solution that has harnessed the power of blockchain and is ready to optimize the way people and institutions deal with digital assets. Please visit our website to know more.