It is good to jump in early. Early adaptors and early supporters are in crypto kindly treated. Decentralization is one, but there are many reasons for the distribution of the value that is being generated by the people connected globally through digital currencies. Blockchain technology is offering a transparent way of handling information, smart contracts enable direct communication among users, projects developed by groups of few are growing users and gathering supporters... That way whole communities are being build, where users vote on decisions, co-create the environment they live in, set common project milestones. With cash-flow transparency, the profits are being dispersed among users in forms of Air-drops or diverted into lucrative job positions for people that are crucial for the project development.
How early are we? If you consider being first/10 or second/10 or 3/10 as early, you have to know were not even first/100 considering the adaption of crypto by the global population. At the moment the bigger issue is how are you gonna navigate through the vast uncultivated global forest? I like to wander in the dark. In darkness i can see more clearly the enlightened areas of the global forest. mises.finance is such an area, being ready to be cultivated by settlers.
Research of the crypto-scene and drive for profit, brought me to Decentralized Finances and DeFi shot at me the VLO project. Was it the appealing drawing that accompanied the mining interface equipped with several mining pools? Was it the "Austrian experiment" since Austria is my neighboring country? Or were the progressive thoughts of resurrected Ludvig von Mises? Maybe the generous gesture of 100% token distribution dispersed among the participants of the initial distribution phase by the AnonDev SuperMises, although he commented on the outcome of it as a failed Fair-distribution attempt, to me all this was a sign of enlightenment.
Several mining pools for staking of 14 cryptocurrency pairs were active in the distribution phase of the $VLO token between November2020 and December2020. VLO tokens were issued for the providing of liquidity. At that stage i was not at all aware into what the velotoken project could culminate. Then the DAO (Decentralized Autonomus Organization) and the voting system came into action and the MISES LEGACY POOL was created.
"What was bought or obtained cheaply is also sold cheaply. This is human nature." SuperMises
With more engaging into the community, studying the whitepaper, diving more, exploring the economy and value, imagining the possibilities of utilization of the decentralization, made me realize this project has got strong fundamentals. I sold all my DOT and bought VLO at the price of $0.04 To many friends i suggested to buy VLO, since i was sure the price will go higher than $0.4 for 1 VLO. In following weeks the price dropped, few whales made some profit and dumped the price of the token, but the community stood together and Hodled through hard times.
Spectacular closing of the year for crypto and great start of the Altcoin season. Velotoken hodlers were awaiting news about the project development and there were plenty to come with the start of the 2021: the velotoken code was audited by Defiyield and SolFin and in both cases they confirmed flawlessly written code and the project was rated as secure (LOW risk level) , while the control over the protocol being highly decentralized. DAO voted for integration of the token into Binance Smart Chain environment. Were just before the implementation of the protocol into BSC. Now is the time to join the project. Were still early! How do i know that? There are weekly AMAs on the community channel and fresh news is: the digital currency $MCASH, the private stable token that will be part of the mises.finance ecosystem. If youre reading this, youre still early. When you start hearing about it from influencers... Better pack the bags NOW!
The community is being grown, the code is being put in place. We need a little bit of your Liquidity and a few likes and sharing of info on social networks you use! As supporter and VLO token holder, you will get Airdrops of the products that are being developed in the mises.finance ecosystem, like aditional $VLO token (at the BSC integration), like $MCASH.
DeFi space is vast and i like to share my findings with you. The ecosystem is rich and i decided to feed from it. Help me with showing some support by sharing the information or commenting on it. In some cases i will post referral links to projects or products i use: As a DeFi trader the SafePal Wallet is a tool for storing your assets, providing liquidity on DeFi platforms that are being hosted on diverse chains and easy transfer of assets across different chains!
Do you know the 1inch exchange one of the biggest DEXes on ethereum?
What are your findings and thoughts on the DeFi? Did you test out the BSC already, or you think its too soon :-)?
