yEarn Finance token is sold for $35000
Distributed projects launched by ordinary users of the cryptoindustry are generating huge amounts of money today. And not only for developers of specific solutions, but also for investors in digital firms. The yEarn Finance company deserves special attention, with its internal token, which is now being sold for about 35 thousand dollars. Let’s discuss what is the reason for the success of the company’s internal coin. And whether it is worth investing in such an actively growing instrument. So let’s get started.
Basic theory, information on yEarn Finance
If you have been following the investment market, you have probably noticed that the frequency of references to yEarn Finance has increased dramatically. The project has really grown with unprecedented popularity, leading industry platforms and large investors begin cooperation with the company. It’s all about the interesting concept of work. As well as the uniqueness of the solution. YEarn Finance itself is built on the Ethereum Blockchain, but this does not diminish the technical excellence of the project. yEarn Finance is, in fact, a functional for flexible interaction and the creation of new decentralized projects.
In the future, this platform will help thousands of proactive developers create their own distributed application based on Ethereum. And since the market for De-Fi applications is extremely in demand today. And is estimated at more than $ 8 billion, yEarn Finance is in high demand. About 650 million have already been invested in the site itself. The money is used to support the project, introduce new and improve old technologies. Every dollar is spent on the right track. So you can be confident that yEarn Finance is reliable.
For the convenience of collecting investments, the company, as befits a cryptocurrency enterprise, has issued its own token. The inner coin is awarded in exchange for an investment. Thus, the investor receives certain guarantees that cooperation with the project will definitely pay off and allow taking a certain part of the profit even in the event of a complete collapse of the company. At the time of this writing, on 09/12/2020, the yEarn Finance (YFI) coin was selling for $ 36,759. The capitalization of the asset has long exceeded a billion dollars. And among all funds on popular exchanges, YFI ranks 24th. Commercial success is obvious, and no one will argue with it.
Why is the price of the coin rising and is it worth cooperating with YFI?
In fact, there are several factors for promoting value. Firstly, this is the high demand for the crypt. Investments are made in the company, the value of the enterprise grows, and with it the price of domestic products, including the digital coin. Also, an important factor in the increase in value is the popularity of the crypt in the information field. They are actively talking about the coin on a variety of portals. And the crypt also enters new sites, thereby increasing its own price tag. For example, literally tomorrow, YFI will be launched on the well-known Coinbase Pro exchange.
The listing of the new asset will take place in 4 stages, as expected, according to the rules of the digital exchange. The developers will introduce support for YFI in various trading pairs on September 15th. The only thing that is needed at this stage is to calculate the liquidity. But we have no doubt that dedicated YFI users will show sufficient performance. Which will greatly simplify the launch of the asset on a new exchange.