The Future of Crypto and How to Protect Yourself from Bad Players
There’s nothing like a piece of unexpected crypto-related news that leaves you scratching your head and thinking “Ehm… what’s going on here?” With the expansion of different parts of the crypto space, such as NFTs, the metaverse, play-to-earn protocols, as well as DeFi 2.0, we are seeing a lot more of these moments than just a couple of years ago.
Today’s article will explore the current state of the crypto space, its actors, as well as how to handle the pressure of investing the right way.
The State of the Market
There’s no denying that Bitcoin has become a global investment trend, for retail investors and institutions alike. Numerous companies, investment funds, and even one entire country have opened their arms and embraced the crypto revolution. Suddenly, the community of investors and enthusiasts have created a multi-trillion dollar market in just over a decade, seemingly out of thin air.
However, the past year has shown us that the crypto space is not made of just Bitcoin and its copycats — actually, it’s quite the opposite. Numerous crypto projects have leveraged this technology to create new and unique ways of providing services to its users, and it’s safe to say that no industry is safe from the new wave.
Let’s take a look at different sectors of the crypto space, as well as their recent market size and growth:
- It seems like metaverse protocols are the new talk of the town, with IT giants such as Facebook, now Meta, stepping into the industry. The entire metaverse market cap is currently worth just over $25 billion, with a lot of room left to grow.
- Due to its illiquidity and non-fungible nature, it’s very hard to estimate the market cap of the entire NFT market. However, DappRadar pointed out that the NFT sector might be worth over $14 billion. If we take into account the potential of this sector to revolutionize the music, gaming, and many more industries, it’s safe to say that this is just the beginning of a majestic rise. Some analysts even go as far as saying that the NFT market will account for as much as 10% of the entire crypto market capitalization in the near future.
- The decentralized finance market offers almost infinite opportunities to its users. While it aims to complement or even replace the traditional financial markets, DeFi is still far from reaching its goal. However, its growing market and ever-expanding use cases are certainly nothing to scoff at. The entire DeFi market currently sits at just over $125 billion in market capitalization.
Now that we’ve seen the magnitude of the crypto market and its segments, as well as its problem-solving potential, we have to point out that nothing comes without risks. The crypto industry, just like every other one, has many brilliant innovators, but also some bad players.
Investors are often afraid of new and unproven projects, as the market has seen numerous hacks, security breaches, and rug pulls. While large and reputable ecosystems such as Binance have rigorous screening processes before listing a project on their website, some still occasionally slip under the radar.
So, how can one properly protect itself from the downsides, while still not giving up on the potential upside?
The purpose of
iBNB’s main purpose is to develop and nurture the financial literacy of its investors. The project’s goal is to facilitate safe investment opportunities through the nBNB network, as well as provide financial tools that would help investors make the right decision more often.
iBNB’s ecosystem consists of two main parts:
- The nBNB Network
- The iBNB Bank
The nBNB Network
The nBNB Network is a cluster of partnerships and internal projects. It exists to provide iBNB users with safe investment opportunities, while also promoting projects with great potential. The project is currently in the project recruitment process, with several projects already joining the winning team.
The iBNB Bank
Adding to that, we have the iBNB Bank — the central investment management entity within the ecosystem. iBNB Bank’s purpose is to accumulate transaction fees from the nBNB Network and crypto exchanges, and then manage it by utilizing smart contracts, quant algorithms, DeFi protocols, and more. The creation of the iBNB Bank marked a new milestone in DeFi history, as this is the first time the world has seen a fully decentralized finance investment bank.
The combination of nBNB Network with its partnership structure and iBNB Bank with its market-optimal investment management strategies, platform users have the chance to access top-of-the-industry returns while they are being exposed to the right investment strategies, all at the same time.
This unique architecture provides win-win scenarios for both investors and projects. On one hand, investors learn about industry standards in investing, get exposed to projects with amazing potential, and earn daily dividends. On the other hand, projects that pass the rigorous inspection partner up with the platform to reach an engaged investor audience that wants to accompany them to success.
To top it all off, iBNB is currently in the process of developing its own internal projects that will be a part of the nBNB network.
The entire iBNB ecosystem is built on top of Binance Smart Chain, one of the most popular blockchains created by none other than Binance, the world’s largest crypto exchange.
To sum it all up — whether you are an investor looking for long-term returns, a newcomer to the industry seeking knowledge and education, or a project looking to expose itself to a wider audience, iBNB is the place for you.
The iBNB ecosystem welcomes all parties willing to be a part of the team that will revolutionize the DeFi sector.