MargiX Chain Expands The Ecosystem Towards DeFi
This is the age of decentralized finance, otherwise well known as DeFi for short. With the wide acceptance of DeFi all across the globe, it was only a matter of time before the huge mass of investors around the world latched on to it. This explains the upgrades that have been implemented on the MargiX Chain to date. With an agile and responsive design, MargiX has tasked its development team in the last few months to accommodate DeFi in all ramifications.
The outset of DeFi was predicated on the need for resource owners to have a greater control over what is rightfully theirs. Banks and mainstreet can warehouse your money and barely pay 5% a year on the best of savings account. In turn, these corporates report billions of dollars in annual profits that perpetuate their stranglehold on the economy, while the investor gets the short end of the stick, or no stick at all.
Why DeFi?
The idealization behind MargiX was always to roll out a platform that is nimble, agile, responsive, and highly resourced for on-chain utility. In this regard, the successes of the first to fourth generations of blockchains as seen in decentralization and governance was well-adapted. In further value-consideration, making the 5th generation blockchain a global winner was centered around the groundnorm that it must be suitable for all apps working on cross chains, sidechains, as well as off-chains and on-chain capabilities.
This is where DeFi was well-considered, bearing in mind that this layer of work built on the highlights of blockchains to date must recognize the need for a seamless interface and integration for cross chain functionality. With the bulk of patronage on DeFi revolving around Ethereum payments and receipts, a casework for ETH conversion in a seamless manner was built into the immediate updates activated by our development team.
From MGX To ETH, And Vice Versa
The native token of MargiX ecosystem is the MGX, and factoring this into consideration, our resource priority has been to ensure that MGX to ETH conversions are seamless, prompt, cost-effective and in the limelight. To get this done, we considered that such swaps need to be simple and easy to do. This explains the activation of the MargiX decentralized exchange. As DeFi opens up opportunities to earn and grow wealth across board on the blockchain plane, it is important we make the process an un-encumbered one for the teeming investors on the chain and beyond.
With DeFi making it possible for anyone anywhere in the world to trade and earn on their personally agreeable terms, many people have now realized that they can be on the drivers’ seat as far as their personal resources are concerned. So, since DeFi incorporates dApps, smart contracts, protocols, digital assets, and mechanisms that are embedded on the blockchain, individuals now have the power to steer their wealth in the direction they wish. This explains why MargiX and its team of developers have resolved to be a major enabler of this brave new world that is unfolding before our eyes so vividly.
With the DEX going into full operational mode, investors will be able to provide their ETH and exchange for MGX, or vice versa with ease. MGX will be available to lend, store or swap to users on the platform just like ETH. In the same vein, ETH will be available for anyone who thus wish to cash out on the platform as they wish. So, in the true spirit of decentralized finance, the investor decides what to do with personal resources, wither to lend, store, or to swap.
How DEX Takes On a New meaning
There is no doubt that DEX has found a life of its own in this blockchain age, and to make this more meaningful, part of what MargiX has set out to do is to identify and collaborate with partners to make the payment process faster, convenient and readily available. With imToken, the inflow and outflow of funds in the ecosystem will be fast and reliable. As a trusted wallet services provider, imToken will enrich the payment system on our ecosystem so that our users can look forward to managing their resources with no glitches.
So far this year, the MargiX team has taken a deep Xray of the DeFi terrain in order to provide you with services that are top-notch and dependable. We have secured a Payment Bot on hand to ensure that investors can have the best deal to pursue their trades and secure their profits and gains.By linking up with Google pay, investors will have the security of a global tech behemoth as the explore our ecosystem.
Conclusion
The world of DeFi is already changing the face of the global crypto scene as billions of USD in tokens flow in from individuals and organizations who want the best return and security for their investments. With MargiX, the future is looking more certain and brighter for you to enjoy the best of both worlds.
Support requests please send to: support@margix.org
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