Can the loan agreement Lemond become the initiator of the ecological explosion of the OKEx trading chain?

In 2020, the encryption market ushered in a bull market, and projects represented by DeFi have become a new value outlet.

With the rise of DeFi, the new method of liquidity mining has also brought a wave.

AAVE, represented by classical DeFi, has increased by more than 1,500 times within a year.

The lending project XVS on the Binance Smart Chain has increased by more than 20 times in just one month.

The lending track has begun to subvert the traditional financial market and has begun to lead the mining carnival.

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With the rise of the exchange public chain, which type of projects on the OKEx trading chain may be the first to explode?

In September 2020, the emergence of Binance Smart Chain subverted the original silent ecology of the entire public chain track and became a strong competitor of Ethereum.

In contrast, the OKEx transaction chain started planning 3 years ago, has experienced tortuous development, and has now become a value depression waiting to explode.

The rise of the exchange public chain track means that the public chain is beginning to be a very important development process of landing and ecologicalization. The exchange public chain also solves the problems of high fees and network congestion on the Ethereum chain, so it can carry larger DeFi users and funds and attract a large number of users. The exchange public chain also helps users' funds and traffic to achieve two-way flow in the exchange competition market.

At this stage, the exchange public chain is still in a chaotic period, with mixed projects, but it is also a good opportunity for users. Under such circumstances, many projects are in the early stages of development. At the same time, various projects on the exchange public chain have not really emerged as leading sectors, so it is easier to find high-quality projects and complete the layout at an early stage. In particular, the projects on the OKEx transaction chain are still in the testing stage.

From the in-depth understanding and analysis of the historical Binance Smart Chain and the Huobi Ecological Chain, we will find that, in fact, the early DEX and lending projects in the development of the exchange public chain will be the first to explode, such as Pancakeswap on the Binance Smart Chain , XVS and MDEX and CAN on the Huobi ecological chain.

As for the OKEx trading chain, Lemond, the current lending sector, is a good value investment target. Next, let's first understand some basic information about the Lemond project.

Lemondis a decentralized, open-source, autonomous non-custodial liquidity market protocol where users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn passive income, while borrowers are able to borrow with over-collateralization (permanent) or under-collateralization (one-time liquidity).

It mainly solves two problems: 1. Users can pledge loans with low interest; 2. Depositors can obtain interest income from idle funds.

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Participate in the early bonus of Lemond, the complete process is as follows

How to get the test wallet of the OKEx transaction chain?

Official website:

Official website:https://metamask.io/

Then create a new account, note the mnemonic, click on the fox head, and then configure the wallet:

Click Add Network to customize RPC.

Network name: OEC Testnet (can also be customized)

Add RPC URL: https://exchaintest.okexcn.com

Chain ID: 65

Symbol: OKT

Blockchain browser URL:https://www.oklink.com/OEC-test/

How to get test coins?

URL:

URL:https://www.okexcn.com/drawdex

1 address can receive 100 tokens, once a day, but the number distributed every day is limited.

When entering the loan page of the project, we can see that the current project supports 4 mainstream currencies, OKB, USDT, BTC and ETH. Users who pledge tokens will get interest and project rewards. If lending tokens requires Pay interest, but you can also get mining rewards, which is a good financial management method for users who really need to borrow and have a lot of idle funds.

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4WD Lemond

For the exchange public chain, early large-scale user support is the fastest way for a project to develop. From the perspective of community, Lemond currently has a high popularity in domestic and foreign communities.

In the domestic community, there are a large number of participants participating in early lending activities, and the airdrop activity has caused a large number of users to flock in. It is a good thing for users to be able to hold a high-quality project with free chips in the early stage. Select, so a large number of active users will enable Lemond to complete an early cold start and quickly explode.

For the project, a large-scale overseas high-quality community will make the project go longer. Judging from Lemond’s telegram group, a large number of overseas users are quite satisfied with the project and actively participate in various activities of the project. And these will become the main force of the project in the future. In addition to Telegram, Lemond currently has more than 4,000 followers on Twitter.

From the data on the chain, the data of the project shows that it is developing in the direction of a large-scale application. In just 4 days of development of the test chain, the Lemond project has already locked up more than 25.48 million OKT, the number of currency holding addresses has exceeded 50,000 in a short period of time, and the number of independent viewers of the website has exceeded 50,000 , these traffics come from multiple countries, mainly from China, India, Russia, Southeast Asia, the United States, and South America. The trend of internationalization makes Lemond easier to attract the attention of users, and this trend will continue to be expanded in the future development.

In addition, it is worth mentioning Lemond's investment institutions and token distribution. The project was invested by Origin Capital, panda capital, Lishan Capital, 91coin capital, MNS capital, and BK capital.

Especially in terms of token distribution, 60% loan mining, 20% team incentives + project operations, 15% DAO governance and 5% ecological incentives + initial liquidity. From the point of view of the distribution method, the team holds very few tokens, which are basically obtained through fair mining, which represents a reasonable distribution method, a well-designed token system and a complete closed-loop system for users. These are constantly empowering the tokens mined by users in the early stage, and through good application scenarios, the tokens held by users will continue to increase in value.