Invest in the future of personal finance

The answer is NOT the bank.

Throughout the history of money, innovation has replaced outdated systems. Just as metal coins replaced seashells, debit cards and Internet banking replaced much of our use of printed money. We are familiar with new technology disrupting old technology in our modern age. The combustion engine replaced the horse and cart, Kodak Film all but disappeared in the wake of digital cameras, and Blockbuster Video was rendered obsolete by streaming video services like Netflix. In the age of rapid innovation, we will see many outdated models giving way to new and better ways of operating.

Innovation has never been more necessary when thinking about the most obsolete financial institution: the bank. Gone are the days of savings accounts that offered worthwhile returns, and the expense, apathy, and hassle of a bank no longer make sense.

We need a new financial model.

DeFi (Decentralized Finance) describes the fast-growing sector of blockchain-based personal finance products, replacing the functions of traditional financial institutions like banks. Slow, expensive and prone to human error, banks are outdated systems that have not kept up with technological innovation. DeFi offers all the functions of a bank: interest and loans, without queues, waiting and endless administration.

What if we told you that you could earn 20% interest on a savings account? Impossible! How about taking out a loan with no credit history, with the lowest rates on the market? Do we already have your attention? DeFi makes it all possible without the high fees banks charge. The key is to replace redundant systems and people with advanced programs called Smart Contracts, created to perform specific actions, managing large amounts of money quickly and without errors. Thanks to blockchain innovation, DeFi is secure and available to anyone with an internet connection.

DeFi solves an age-old problem of a middleman taking their share of your personal finances to hold or lend. DeFi cuts out the middleman, making funding cheaper, faster, and safer. It does this by facilitating peer-to-peer financing, making it the main revenue generator of your financial transactions. You no longer need to hand over your finances to a bank (which gets a return on your money). Win the performance yourself!

How do you get involved?

Start by buying the picks and shovels of this rapidly developing industry: the digital tokens used by major DEFI platforms to facilitate the most secure performance in the world today. It’s a lot like buying an off-plan property in a great neighborhood. To say that we are early in the adoption cycle is an understatement, and 2022 looks set to be the year DeFi is embraced by institutions.

While DeFi networks already manage over $200 billion, it’s complicated to use and you need to know what you’re doing. This will not be the case for long, as companies like revix, a Cape Town-based investment platform backed by JSE-listed Sabvest, creates user-friendly and client-friendly portals. Early adopters enjoy the benefits and profits, and so should you.

This week, revix launches a new DeFi top 10 themed pack, offering an indexed collection of the world’s leading Defi tokens. These are the cryptos building the future of personal finance, and the package is your front row seat to the biggest innovation in finance. In 2022, the top 10 DeFi projects saw price growth of more than 1,000%. When the market fell, so did the price of DeFi, making the asset class an incredibly undervalued investment.

This package is automatically rebalanced (slight changes in package weight and assets) on the 1st of every month. Take advantage of the opportunities available from the most reputable DeFi cryptocurrencies by buying or selling each asset. This fully automated and dynamic approach makes trading easy, maximizing your profits and saving you time. MD/WB


Add Comment