5 DeFi cryptocurrencies to invest for the long term
1. Lucky Block (LBLOCK) – DeFi cryptocurrencies to invest in the long term
Lucky Block's goal is to bring more equality and transparency to the online gaming space. We include this project at the top of the list for the level of rewards received by holders of LBLOCK, the native token of Lucky Block.
The LBLOCK token is one of the sub $ 1 cryptocurrencies to invest in. Lucky Block has held its first draw in which one million dollars were distributed to two winners. In addition, these will receive a daily payment for a year. The project has been a great success, with more than 23,000 tickets sold on the first day of the draw.
Those interested can buy Lucky Block to participate in the following draws, investing at least 5 dollars in LBLOCK. Additionally, those who own more than $500 worth of LBLOCK will be able to receive a free ticket.
In the daily jackpot draw, token holders can choose charities to donate to, receiving a share of the prize draw. In order to ensure that the draw is conducted fairly, it relies on Chainlink's Verifiable Randomness Service (VRF).
2. DeFi Coin (DEFC) – The best DeFi project in education
DeFi Development Coin's mission is to educate about the benefits of cryptocurrencies and DeFi decentralized finance. To do this, it will include educational content in its mobile application.
Holders of DEFC tokens contribute to the project, as the design of the protocol allows users to focus on long-term growth. That's why he charges 10% on the purchase of tokens, 50% is redistributed to token holders, and the rest is added to his liquidity pool.
3. Near (NEAR)
Near, one of the main protocols of Web3, aims to offer a blockchain with low cost, higher scalability and lower energy density. To do this, it uses Nightshade technology, which can process more than 100,000 transactions per second without spending much energy, making the protocol one of the most sustainable.
Near allows decentralized applications to be built with security and decentralization. Additionally, the protocol has partnered with Infura.io for the purpose of capturing dApps. Infura is going to make the leading Ethereum development platform available to Near developers. This has increased investor interest in NEAR.
4. Algorand (SOMETHING)
Algorand is another major Web3 platform, therefore the ALGO token is one of the best DeFi Development Services cryptocurrencies to invest in. This project aims to offer decentralized financial solutions guaranteeing fast transactions and low commissions.
It has recently partnered with pNetwork in order to achieve cross-chain compatibility with Bitcoin. Algorand users already have access to cryptocurrency through this interoperability bridge.
5. VeChain (VET) – The Versatile Protocol
Most protocols focus on optimizing for a specific market niche. However, VeChain's mission is to make a complete redefinition, offering solutions in terms of quality control or logistics, for example.
This has caused this protocol to be referred to as a versatile smart contract network. VeChain collaborates with the Internet of Things (IoT) in order to build a blockchain ecosystem where all sectors adopt the technology.
Conclusion
In this article we have analyzed the 5 best DeFi coins to invest in for long-term profits. Despite the fact that all projects have many advantages and benefits, we recommend investing in LBLOCK from Lucky Block. The main reason is the great relevance that LBLOCK is taking among cryptocurrencies thanks to its low price, innovative product updates and its development team.