Place/Date: - May 30th, 2022 at 11:01 am UTC · 3 min read
Source: Sanzooz Finance
One of the promises of blockchain is to create a decentralized financial system that will replace the traditional, centralized, regulated financial system. Over time, promising projects like Stellar (XLM) and Algorand (ALGO) have built ecosystems around the provision of Decentralized Finance (DeFi) products and services.
Stellar (XLM) is an open blockchain for storing and transferring money launched in 2014. Its innovative platform leverages blockchain technology to deliver an ultra-efficient payment processing platform.
The Stellar (XLM) ecosystem comprises financial products and services, including a global payments processing platform that can handle up to one thousand transactions per second and a Decentralized Exchange (DEX) where you can trade cryptocurrencies, forex, or securities.
You can also set up micro-payment services and enjoy lightning-fast transaction speeds and low transaction fees using its native currency, the Stellar Lumens (XLM). In other words, the Stellar Lumens (XLM) protocol allows cross-border transactions between any pair of currencies.
Algorand (ALGO) is an equally promising cryptocurrency that seeks to expedite the mainstream adoption of blockchain technologies by creating an open-source, decentralized ecosystem based on a Pure Proof-of-Stake (PPoS) consensus mechanism.
Launched in 2019, the Algorand (ALGO) network is a secure and scalable protocol that can process up to one thousand, three hundred transactions per second with a block time of fewer than five seconds. It is the first carbon-negative cryptocurrency, and it boasts cutting-edge smart contract capabilities.
The Algorand (ALGO) ecosystem is home to its Decentralized Exchange (DEX) called the AlgoDEX, where users can trade a wide range of cryptocurrencies across different blockchain networks. It is also home to AlgoFi, a remarkable Decentralized Finance (DeFi) platform that provides modern financial products and services without the participation or intervention of any third party.
Today, we are currently at the cusp of the birth of a revolutionary cryptocurrency called Sanzooz Finance (SZFT). It is a pioneering platform that enables the issuance of unique derivatives and gives users access to real-world assets on the blockchain.
Sanzooz Finance (SZFT) is a permissionless and fully customizable Decentralized Finance (DeFi) platform that leverages smart contracts to provide an immersive trading experience for the end-user.
With Sanzooz Finance (SZFT), users enjoy futures trading at the best prices, little or no slippage, and extremely low liquidation risk. In other words, Sanzooz Finance (SZFT) allows users to use its leveraged perpetual futures contracts, zero slippage and innovative liquidity framework to trade all the popular cryptocurrencies, fiat currencies, stocks and commodities.
Token holders also enjoy uninterrupted access to the Sanzooz Finance (SZFT) marketplace, where they can trade all kinds of artificial assets using its unique P2C (peer-to-contract) trading structure.
Artificial assets in the Sanzooz Finance (SZFT) marketplace reflect the underlying assets’ real-time price changes and give investors/traders exposure to an asset without owning it.
The Sanzooz Finance (SZFT) platform is similar to Stellar Lumens (XLM) and Algorand (ALGO). All three are built to provide users with top-tier financial products without the hassles of involving traditional financial institutions.
Sanzooz Finance (SZFT) is the newest of the three cryptocurrencies and holds so much potential to become the leader of the DeFi movement.