The crypto industry has grown and evolved into a self-sustaining ecosystem. The industry’s growth is primarily credited to evolving DeFi technology and a growing demand for high-utility projects. Utility projects tend to offer investors solutions to DeFi challenges or provide access to services and features. Such projects tend to attract investments from retail and institutional investors.
XRP is among the largest utility projects that was developed to offer high speed, efficient and low cost cross border payments. And recently another high utility project has emerged with a hybrid crypto exchange platform. Experts believe the project is likely to outperform XRP in 2025.
XRP is a crypto asset developed by Ripple Labs. The company developed XRP to solve major challenges facing institutions when conducting cross border payments. The project offers an alternative to traditional channels such as SWIFT that are slow and expensive for bulk transactions. XRP’s growth has faced numerous challenges in recent years especially under the Biden-Harris U.S. administration.
The U.S. based company behind the crypto asset’s development found itself entangled in a years-long legal battle with the U.S. Securities and Exchange Commission. However, Trump’s administration has given XRP holders a glimmer of hope that the crypto asset could witness an upsurge in the near future. Although XRP has potential to rise, experts have predicted that a new crypto asset will outperform the cross-border payment platform in 2025.
BinoFi is a new DeFi project that aims to revolutionize the crypto trading environment. The project is centered around an ecosystem powered by a hybrid cryptocurrency exchange that offers traders CEX and DEX trading advantages simultaneously. The BinoFi developers aim to create a self-sustaining ecosystem that yields revenue regardless of the prevailing market conditions.
The ecosystem will employ primary and secondary revenue streams to grow and expand its DeFi activities. BinoFi offers customized liquidity provisioning services for institutional partners as well as lending and borrowing services. BINO lending markets will allow users to lend BINO and earn yields while simultaneously giving borrowers access to capital for a fee.
The BinoFi platform will also allow users to capitalize on non-fungible tokens to gain access to capital through NFT collateralized loans. Users can stake their high value NFTs as collateral and get stablecoins or fungible crypto assets.
Compared to competing exchanges such as Binance and Uniswap, BinoFi is the only exchange that offers cross-chain native trading, AI powered trading tools, non-custodial MPC wallets and Trade to earn rewards. Its hybrid feature makes it a unique but in demand product for DeFi users. BinoFi is legally compliant and has adopted a jurisdiction adaptive approach and has taken multiple compliance approaches to suit different regulators worldwide.
BinoFi is positioned as a future-proof trading platform that integrates modern technology applications with the dynamic regulatory environments. KYC processes require users to submit personal data exposing them to breaches, and BinoFi has picked a different KYC route involving a Zero-Knowledge (ZK) KYC solution.
This innovative KYC process allows users to verify their identity without revealing sensitive personal information that is valuable to attackers.
The project has also just launched its presale event that is currently selling millions of tokens at $0.020. The Presale is distributing BINO tokens at discounted prices that will probably never be seen again, especially after BinoFi’s (BINO) listing at $0.30, some are also speculating that the listing price is a tribute to Ethereum’s (ETH) ICO back in 2014, which years later borne many crypto millionaires.
Learn more about BinoFi:
Website: https://binofi.com
Whitepaper: https://whitepaper.binofi.com
Telegram: https://t.me/binofilabs
Twitter: https://x.com/Binoficom