Cryptocurrencies over the blockchain technologies are the future of the finances of this world. Due to the decentralized finance model, there are lots of different cryptocurrencies coming out. Similarly, there are different blockchain technologies for these currencies to work in a decentralized manner. The one that we are going to discuss here today is Bondly Crypto.
Bondly Crypto is relatively new in the market compared to the older currencies. So, here we will be discussing everything you need to know about it.
What is Bondly Crypto?
Bondly itself is a finance platform, and it has an ERC-20 standard token known as the native token of this finance. This token of Bondly finance platform is known as Bondly as well. Unlike the traditional finance system, this platform brings a new protocol known as a transparent swap.
In this protocol, the traditional escrow methodologies of transferring money will be revolutionized that will bring lots of benefits like the following ones:
- Bringing ease to the buying and selling activities of daily life routine.
- Different dApps that can support transactions which will be cross-chain
- An escrow platform that will be based on digital tokens
Along with these benefits, there are several others as well. In terms of market capitalization, it has a total value of $10 million, being the 1090th largest cryptocurrency in the whole world. With lower prices today, it brings the right opportunities for people to buy it in huge amounts.
Bondly is not working as a standalone platform to bring several other benefits in the future, but it has partnered with Occam Association. This partnership allows for a better future with enhanced NFT capabilities and better DeFi performance to the Cardano Blockchain. An interesting fact about Bondly cryptocurrency is that it is the first DeFi project that will run on Cardano Blockchain technology.
How to Buy Bondly?
Buying any cryptocurrency is just like buying any real-world asset. The experience may be a little different because of the difference in the process. However, the main idea stays the same. So, if you are looking to buy Bondly, here is the step by step process that you may need to follow:
· Price comparison
First things first, you need to compare the prices of Bondly so that you will know what you can buy and how much will be the charges on that. It is extremely important for beginners so that they have a very smooth starting experience with crypto.
· Account creation
Once you are done with the comparison of cryptocurrency exchanges that support Bondly, you need to create your account on that exchange. This will require you to fill in your details like your email address and other important things.
· Funds transfer
As soon as your account creation process is complete, you can transfer funds to that account. For this, you can use your bank account, crypto wallet, debit, or credit card as well.
· Buying Bondly
Now you have done everything, and the last part of the process is to complete the purchase. Select the amount of Bondly that you want to buy, and you will be done with buying Bondly.
Things to consider before buying Bondly
Whenever you invest in something or buy something, you always consider some important things. It goes the same for cryptocurrencies, and here is all that you need to consider when you are buying Bondly.
To meet the oracle needs, Bondly partners with Chainlink, which is the best oracle provider in the world. It is important because, in this way, smart contracts can relate to the data of the real world in real-time. However, there are always some risks like attacks and hacks. So, you must keep a check on the oracles when buying Bondly.
Supply and Tokenomics
Bondly is currently a deflationary token because 1.6% of its total tokens are burned in the burn events. So, with a maximum supply of 1 billion, you must consider its supply and tokenomics for circulating supply before buying Bondly.
Bondly supports staking options like liquidity staking, which allows the Bondly owners to earn more. This is possible because of the collaboration with Ferrum Network. It is important to check before buying Bondly because you may hit an amazing earning opportunity.
Tips for selling Bondly
While you must know how to buy Bondly, it is important to know when is the best time to sell Bondly. So, here are some tips that will be helpful for you when you look to sell Bondly.
Think long term
The first tip is that you need to think long-term. You never know when a cryptocurrency is going to hit the jackpot. So, instead of going for the smaller benefits, you must wait for the bigger ones. At the same time, you must not wait for so long that you lose all your investments.
Always compare exchange rates before selling.
So, you think that the time has come when you are going to sell Bondly. Well, going for the first exchange site is not the right option. You must compare the rates and look for the best option so that you can make maximum profit and least loss.
Sell on the right site.
It is very important to sell Bondly on the right exchange site. Going for a suspicious site is not a good option even if it provides the best rates because you could get yourself in some hack or scam attempt.
While there are a lot of applications of cryptocurrency that are successful these days, it is just the beginning of things. We might say goodbye to the traditional banking and finance system in the coming years. Why? The advent of innovative cryptocurrencies like Bondly will make the life of everyone very easy, whether it is about bigger investments or daily life transactions.
So, if you are also looking for good crypto to invest in, then Bondly crypto might be the right choice for you because of the potential that it holds.