Decentralised Finance (DeFi) has become famous for offering individuals the freedom to make transactions, especially with cryptocurrencies and crypto-assets, without being subject to restrictions that exist in a centralised environment.
Commercial banks and fiat currency dominated the financial space for a long time and cryptocurrencies such as Petrousus (PSUS), Decentraland (MANA), and Filecoin (FIL) have the potential to lead the market by creating autonomy in the world of cryptocurrencies.
Founded by Filecoin Labs in 2017, Filecoin (FIL) is an open-source, cryptocurrency platform that serves as a blockchain-based digital storage and data retrieval platform. Filecoin (FIL) raised over 150 million dollars in less than 30 minutes after it was launched.
Cloud storage was developed as early as 2014. Storage systems have since been moved to the cloud to reduce the number of physical devices available. Cryptocurrency platforms have moved into the cloud storage and computing space.
FIL is the cryptocurrency token native to the Filecoin network. The Filecoin platform allows anyone to keep, retrieve, and host digital information while allowing its users to make use of FIL tokens for these services. There is currently a circulating supply of over 200 million FIL tokens.
With these cryptocurrencies offering users the ability to make financial decisions for themselves and have a say in the policy-making process of these crypto platforms, it is expected that their growth will continue in the years to come.
Decentraland (MANA) is the first fully decentralised virtual world with a vision to give total control to users who build and interact on the virtual platform.
Decentraland (MANA) is managed by a decentralised autonomous organisation (DAO) which is responsible for the smart contracts that make up the Decentraland platform. These smart contracts include but are not limited to estate contracts, wearables, and marketplaces.
Individuals in the Decentraland community can propose and decide on policies affecting the platform, allocation of MANA tokens, and even replacement of members of the Security Council. The MANA token is used to purchase virtual land in Decentraland as well as other goods and services on the cryptocurrency market.
Decentraland (MANA) was initially released in February 2020 and has seen massive growth in just two years. The MANA token has a market capitalization value of over 1.7 billion dollars as of this writing.
Humans have been known to make decisions for themselves and act on these decisions. Autonomy has always been an integral part of human existence. In the case of centralised finance and financial institutions, owners of fiat currency have no control over their currency. Constant bank charges and bogus transaction fees dominate the centralised financial system.
Petrousus (PSUS) understands this problem and therefore intends to solve it by providing its users with autonomy in cryptocurrency ownership and providing individuals with a single point of access to DeFi services.
PSUS, the official token of the Petrousus platform, will be launched on a Binance Smart Chain (BSC) platform, which is one of the world’s biggest blockchains and is aimed to be inclusive, affordable, and highly competitive. The token has a total circulation supply targeted at 1.5 million tokens.
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