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5 Best Defi Coins to Buy in 2022 for Maximum Gains

Defi Swap uses the DEFC token to provide liquidity to users and encourages long-term holding through various strategies.Premium
Defi Swap uses the DEFC token to provide liquidity to users and encourages long-term holding through various strategies.

DeFi is an emerging financial technology based on secured distributed ledgers, similar to cryptocurrencies. DeFi exists to remove central intermediaries such as banks & financial institutions from various financial transactions by allowing users to hold their assets on secure digital wallets

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This guide will discuss the top tokens & DeFi tokens to invest in 2022. Continue reading to discover our top picks for the upcoming DeFi coins and the best DeFi crypto available in 2022.

Top 5 DeFi Tokens To Buy in 2022

After scanning through an industry with a market cap of over $50 billion, we found the following 5 tokens to be the top DeFi coins for 2022.

You can view our best DeFi crypto coins in the table below:

  • Defi Coin- Best DeFi Token to Purchase in 2022
  • Lucky Block -Exciting DeFi crypto for daily rewards
  • Decentraland -Enter the Metaverse with this DeFi project
  • Cosmos - DeFi token for Blockchain Interoperability
  • SushiSwap - Earn Multiple Rewards by staking SUSHI

Best DeFi Coins to Invest in Reviewed

Since there are hundreds of upcoming DeFi coins to pick from, the best DeFi projects should be carefully picked on the basis of their token utilities, fees offered and ease of use.

Keeping these factors in mind, here are the 5 best DeFi coins to buy in 2022.

  1. Defi Coin - Best DeFi Token to Purchase in 2022

Defi Coin (DEFC) is recommended by many analysts as the best Defi crypto to buy in 2022. As the name suggests, DEFC is a DeFi token that provides decentralised earning opportunities to crypto users.

It is the native token of the Defi Swap exchange, which provides users with opportunities to swap and stake various DeFi tokens with ease.

Defi Swap uses the DEFC token to provide liquidity to users and encourages long-term holding through various strategies.

Firstly, you can earn rewards in DEFC tokens through a process known as “static rewards". Every time a user sells or swaps their Defi Coin holdings, a 10% tax is levied on the transaction. 50% of this tax is distributed among the current token holders on a proportionate basis.

Secondly, 50% is redistributed into the liquidity pools of Defi Swap. Thus, even if whales off-load a large amount of DEFC tokens, the token will not experience volatile levels of downward pressure due to the aforementioned tax.

Since the DEFC token went live on the Defi Swap exchange in early May of 2022, holders have benefitted from an exponential price rise. On May 5th, DEFC token rose from a trading price of $0.1 to a daily high of $0.564 - a price increase of more than 500%.

Since the rise, the coin has corrected by 40%. DEFC token currently trades right above the $0.3 price level. However, the token is still trading 248% above its all-time low of $0.09467.

For the future of Defi Coin, the Defi Swap ecosystem is working on implementing more educational content in the form of webinars and technical analysis charts. The ecosystem plans to make these features available with the release of the Defi Swap app, sometime in 2022.

Buy DeFi Coin

Your capital is at risk.

2. Lucky Block - Exciting DeFi Crypto for Daily Rewards

Lucky Block is a new DeFi coin to watch - its project using blockchain protocols to provide a play-to-earn and prize draw platform. Operating on the Binance Smart Chain (BSC) via smart contracts, Lucky Block delivers plans to bring fairness and transparency through its global prize draw platform.

At the centre of this ecosystem is LBLOCK - the native digital token. By holding LBLOCK tokens, users can buy tickets without paying any transaction fee and receive instant payouts on daily jackpot rewards.

LBLOCK takes a 12% tax on selling the token to maintain short-term liquidity and promote long-term holding among users. 4% tax is distributed into liquidity pools, 4% in pools and 1% of the tokens are burnt to increase token demand.

The remaining 3% of the tax is invested in LBLOCK’s NFT & Gaming Royalty Fund, supporting the platform’s metaverse incorporation plans.

By holding LBLOCK tokens, users can buy tickets without paying any transaction fee and receive instant payouts on daily jackpot rewards.
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By holding LBLOCK tokens, users can buy tickets without paying any transaction fee and receive instant payouts on daily jackpot rewards.

 

The token is supported on Pancakeswap - one of the largest Decentralised exchanges (DEXs) in the DeFi sector. After being made available with an ICO of $0.00089, LBLOCK soared to an all-time-high (ATH) of $0.009617 - rewarding users with more than a 10x price increase.

An affordable token for a potential long-term growth opportunity, LBLOCK is currently trading at only $0.0009 per token.

Buy Lucky Block

Your capital is at risk.

3. Decentraland - Enter the Metaverse with this DeFi Project

The metaverse envisions a virtual world where users can come together to participate in play-to-earn games, earn rewards and interact online. Decentraland is one such DeFi project that plans to enter the metaverse space.

The DeFi project is a metaverse platform powered on the Ethereum blockchain. The virtual reality game allows users to invest, purchase, and trade virtual real-estate plots, known as Land on the game.

While each plot of Land is a non-fungible token (NFT), users can purchase these and facilitate Peer-to-Peer transactions on the platform through MANA - the native digital token of Decentraland.

AN ERC-20 token, MANA allows users to buy, sell and trade on Decentraland. Furthermore, users can receive and earn rewards on the platform through MANA.

 

Decentraland is a DeFi project that plans to enter the metaverse space.
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Decentraland is a DeFi project that plans to enter the metaverse space.

Proving to be a good investment, MANA is currently the 4th largest metaverse token with a market cap of $1.3 billion. The token price hiked towards the end of 2021, growing by 600% in November.

MANA has corrected from an all-time-high (ATH) of $5.90 to lesser than $1 as of May 2022. However, the ROI (from the time of launch) is still at a staggering 2749%, according to Coinmarketcap.

4. Cosmos - DeFi Token For Blockchain Interoperability

Cosmos is a unique DeFi project and one of the top DeFi coins in 2022. The Cosmos network aims to solve the problem of blockchain interoperability - a process which allows multiple blockchains to interact with each other.

By using open-source tools, Cosmos has provided a method for chains to share data and streamline transactions between them.

Each new blockchain created is stored on the Cosmos hub, a proof-of-stake blockchain that operates with the network's digital token - ATOM.

Each new blockchain created is stored on the Cosmos hub, a proof-of-stake blockchain that operates with the network's digital token - ATOM.
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Each new blockchain created is stored on the Cosmos hub, a proof-of-stake blockchain that operates with the network's digital token - ATOM.

ATOM DeFi tokens are used to complete network transactions and facilitate interoperability between different blockchains. ATOM is also distributed as rewards to network validators - the users governing the chain.

With a market cap of $2.7 billion, ATOM is the 30th largest cryptocurrency in the space. ATOM is currently trading at $9.41, which is approximately a 46% ROI from the time of the initial token release.

5. SushiSwap - Earn Multiple Rewards by staking SUSHI

Despite the uncanny title, SushiSwap is a popular decentralised exchange that provides high levels of liquidity to users.

SushiSwap is an automated market maker (AMM), meaning it creates an automatic algorithm to provide liquidity between multiple DeFi tokens in a completely decentralised manner.

Based on the Ethereum chain, users can trade ERC-20 tokens on SushiSwap through liquidity pools. A liquidity pool is an area on Sushwiswap where users can become liquidity providers - by staking their tokens and earning rewards in return.

SUSHI is the native token that provides liquidity to this ecosystem. Using SUSHI tokens, you can receive interest in various liquidity pools. For example, the Sushi Bar is a pool which rewards liquidity providers with a 0.05% return on all transactions taking place within the pool. SushiSwap also provides interest-earning options on its own NFT marketplaces and through yield farming.

SUSHI has a market cap of $159 million and trades at $1.24.

Conclusion

In this guide, we have summarised the top DeFi tokens and coins to invest in 2022. By reviewing the DeFi crypto projects based on their features, liquidity options and market cap, we believe Defi Coin as the best DEX token to invest in 2022.

Defi Coin reduces volatility by redistributing transaction fees into liquidity pools and among current coin holders. After a successful launch of the DEFC coin on the Defi Swap exchange, investors can look to hold this DeFi token for potential long-term growth opportunities.

Buy DeFi Coin

Your capital is at risk.

 

Disclaimer: This article is a paid publication and does not have journalistic/ editorial involvement of Hindustan Times. Hindustan Times does not endorse/ subscribe to the contents of the article/advertisement and/or views expressed herein.
The reader is further advised that Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions.
Hindustan Times shall not in any manner, be responsible and/or liable in any manner whatsoever for all that is stated in the article and/or also with regard to the views, opinions, announcements, declarations, affirmations etc., stated/featured in same. The decision to read hereinafter is purely a matter of choice and shall be construed as an express undertaking/guarantee in favour of Hindustan Times of being absolved from any/ all potential legal action, or enforceable claims. The content may be for information and awareness purposes and does not constitute a financial advice.

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