scorecardresearch
Friday, April 26, 2024

How digital currency META 1 coin is using blockchain to combat inflation

Date:

Share post:

The growth of the DeFi (decentralized finance) sector has ushered in a variety of new services and features that empower savers to combat inflation. These networks take the profits that were once regulated to your local bank, and disperse them throughout the decentralized network via low-risk passive income streams. Here are some of the ways that META 1 Coin improves your ROIs and reduces your exposure to inflationary risks. 

Inflation is a Smooth Criminal

Inflation is a serious problem facing the world today. Fiat currencies like the USD have seen a steady decline in value since exiting the gold standard. Recently, inflation has become a major issue due to a 30% increase in the price of food and other necessary living expenses. When inflation occurs, it can have a devastating effect on savers. Their hard-earned nest eggs are slowly whittled away before their eyes.

How META 1 Coin Protects Wealth

In the past, a person would need to transfer their assets to another asset, usually gold, to avoid inflation. The same scenario plays out today on the blockchain in terms of stablecoins. You have stable coins like Tether (USDT) that derive value from fiat currencies. These coins are subject to the same inflation as their underlying assets. Consequently, people are losing money when they hold their savings in these assets. 

META 1 Coin Harnesses the Power of Gold

A better alternative is a self-appreciating asset that enjoys many of the benefits of gold but shares the ease of access and efficiency of blockchain assets. META 1 Coin encompasses all of these characteristics and more. The token derives value from a basket of gold-related assets. By spreading its backing over a variety of appreciating assets, the token is better suited to handle volatility.

META 1 Coin Smart Contracts

META 1 Coin takes the stablecoin concept a step further with the introduction of its value locking mechanisms. These services cross-reference the asset value of the tokens and ensure that all transfers meet this minimum asset value of the token. This strategy prevents large-scale dumps which would hurt token holders. 

How META 1 Coin Provides Wealth Generation Services

In addition to these anti-inflationary measures, the network introduces a host of value creation mechanisms. You can store your META 1 Coin tokens in the META VAULT to secure 10% APY. These rewards are paid out automatically to your account, enabling you to enjoy compounding returns.

You can also secure easy returns leveraging the staking features of the network. DeFi staking is one of the most popular ways for traders to secure consistent returns with minimal risk. These services are easy to use and the staking calculator makes it simple to see exactly what your payouts will equal when the staking period ends. 

META 1 Coin- Crypto is Evolving

You can see that today’s cryptocurrency networks are far more in-depth and advanced than their predecessors. These advanced DeFi networks leverage the latest technology to provide higher returns and security. For these reasons, platforms like META 1 Coin continue to see growing adoption.

(ThePrint ValueAd Initiative content is a paid-for, sponsored article. Journalists of ThePrint are not involved in reporting or writing it.) 


Also read: ‘Efficient, easy to use & navigate’: Why Zen Flowchart is your favorite flowchart software


 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Related articles

Lifetime Free Credit Card With Kotak811’s Zero Balance Account

The Kotak811 DreamDifferent Credit Card is a secured credit card, and can be availed simply by opening a Fixed Deposit through both the Kotak811 Digital and 811Super Savings Accounts.

Cricket Kit by Shrey Sports: A Must-Have for Kids!

Shrey has been renowned for being used by 70% of all international cricket players in the ICC Men’s World Cup 2023 and other major tournaments.

Daichi – Flavouring Tradition, Empowering the Maker — One Story at a Time

It all began with Sakhi, a CSR initiative of Hindustan Zinc, that has been empowering over 27,000 women in 200+ Villages across 6 districts of Rajasthan and Uttarakhand.

Top 3 AC technologies from Hitachi

Hitachi Cooling & Heating has over 80 years of Japanese engineering experience.