Blockchain technology through DeFi solution has cleared major problems people faced in traditional finance. In my previous article, I shared issues faced in traditional finance and looking through the DeFi, there are problems encountered when interacting with DeFi platform and seems the platform or the project is designed for some group of people.
We will be looking at the problems and how GainPool Lab is set to solve these issues.
DeFi is generally known as decentralized finance that brought in financial solutions by cutting out third party interaction during transactions. The solutions comprise staking, lending & borrowing, governance & voting, launchpad and many more. It's amazing to see how fast, secure, and simple transaction can be when making use of DeFi platform and many of this platform allows users to generate passive income daily on their saving with amazing returns.
DeFi Problems Discovered
During my research, I stumbled upon an article on finance yahoo that revealed problems people encountered during their transactions on DeFi platform and how the platform favor some people, which suppose not to be as the platform is designed as a decentralized platform.
For any new project, the token launch is one of the major aspects of the project, it reveals the tokenization of that project which will drive the project. Many projects succeeded through the token launched and some failed.
- Token Allocation: There is a possibility of having $2000 to spend on a token sale, but a project allows $100 for an individual, couple with FCFS (first come, first serve) which might result in no allocation at the end.
2. Transaction Fee War: It is possible, you have $200 to spend on token sale and the gas fee is $100, this allows as chase many away from the ethereum network.
- Whale Show: A good project can be manipulated by whales. When whales throw in a huge amount of $ into the token sale, they claim the huge quantity of the token and they can manipulate the project anyhow.
GainPool Lab Set To Revolutionize DeFi Industry
GainPool Lab is a cross-chain gateway to launchpad and projects private rounds with guaranteed allocation and a unique distribution model.
The project launch is getting closer by the day based on discussion within the community and there are different contest that has open community members to opportunity. For example, creativity contest ($300 reward pool still ongoing)
The recent article on yahoo finance shows how GainPool Lab is set to solve the hole in the DeFi space. You can take a moment to read through and drop your comment thereafter.
GainPool Lab, Yahoo Finance Recent Article