DeFi

How Toon Finance Aims to Sustain DeFi in an Industry Dominated by Hype

An overview of what Toon Finance brings to the table.

Introducing Toon Finance

Toon Finance Protocol is fully dedicated to maintaining crypto’s decentralized nature while simultaneously introducing new cryptocurrency users into the proper channels first instead of directing them onto a platform they are unfamiliar with or have little to no knowledge about.

Toon Finance is also interested in expanding on the P2E metaverse concept and have additionally been vetted by both CoinMarketCap (CMC) and Crypto.com.

The Emergence of ‘Hype Coins’ DOGE and SHIB

Dogecoin (DOGE) is perhaps best known for being Tesla CEO Elon Musk’s favorite cryptocurrency. Musk has often tweeted about DOGE, with his tweets previously having a significant impact not just on DOGE’s price but also on the wider market itself. Similarly, another canine-themed crypto named Shiba Inu (SHIB) gained a massive amount of followers and attention as it looked to become the ‘DOGE Killer’.

The important thing here is that both DOGE and SHIB represent the ‘Wild West’ side of DeFi, wherein a sizable number of investors are only in this industry to quickly get rich without actually doing any research or due diligence. Unsurprisingly, this often resulted in significant losses for these investors.

The Importance of Decentralized Exchanges

Unlike centralized exchanges, which are normally managed through a third party, decentralized exchanges strive to be fully autonomous and void of any intermediaries. PancakeSwap and Uniswap are among the most popular DEXs and for good reason, as these provide comparatively better options pertaining to staking and trading. However, as these are decentralized, there is usually little chance of recovering lost funds should an investor fall victim to fraudulent activities.

What Makes Toon Finance Special?

The ‘Toon Space’ is where everyone respects one another while also working together to improve the onboarding process. Toon Community members are thus able to seamlessly and effectively communicate with each other and stay up to date on all Toon Finance news.

Moreover, as the platform seeks to offer a wide range of innovative and useful features and services, the Toon Team hopes that everyone will have a memorable as well as profitable experience. Toon Community members are also encouraged to stay tuned for what the team has in store, and to regularly check out all socials for the latest updates. Future goals include listing the native token, TFT, on CoinGecko, focusing on video production, providing the billboard map layout, and much more which can be found on the official roadmap.

Is Toon Finance Safe?

Toon Finance is currently being audited by Dessert Finance. As the platform realizes the importance of implementing reliable security measures, many believe that Toon Finance Protocol is here to stay, and it will keep contributing to the growing decentralized finance (DeFi) community. The team firmly believes in transparency and decentralization to allow users to freely express themselves in a socially acceptable manner.

The team also understands that in a decentralized environment, transparency is critical to users’ ability to trust the platform they use to transfer, manage, and facilitate their transactions in an orderly and timely manner. Although Toon Finance developers and team members remain anonymous, they nevertheless strive to ensure the highest quality of service and the best platform features that any decentralized exchange (DEX) can offer, such as PancakeSwap or Uniswap.

About Toon Finance

Toon Finance Protocol is a decentralized exchange application platform created by a group of market leaders and blockchain developers with the goal of addressing the externality which envelops the industry (particularly the P2E gaming demand) by ensuring a Play-to-Earn metaverse protected by SHA256 encryption. The platform also provides trading capabilities linked to NFTs, cryptocurrencies, and additionally connects blockchains all in one, convenient location.

Toon Finance was founded and funded by an angel investor, and despite the fact that it is still in its early stages of development, the aforementioned placements on both CMC and Crypto.com showcase the platform’s potential as many more exciting features are on the way. In fact, Toon Finance is the fastest growing community on CoinMarketCap despite only being live for a month.

The team has also spent years analyzing the decentralized community and developing solutions to platforms that aren’t meeting the community’s expectations. These include but aren’t limited to ‘hype’ coins like DOGE, SHIB, SAFEMOON, and many more. Whereas those projects certainly attracted a lot of attention, Toon Finance aims to add long-term value to investors’ portfolios rather than just basing everything on hype and speculation.

Essentially, Toon Finance aims to be more than just a team or another by the numbers project. The platform wants to provide real value to DeFi users and enthusiasts while constantly evolving with the market. The team will also regularly utilize the most cutting-edge technologies to consistently offer innovative services and features. Toon Finance has some exciting updates on the way, including how users can join the Space Battle Grounds or go on an Advance with their friends in the P2E lobby.

For more information, check out the official website and the Medium and Twitter channels.

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