At the moment, there are plenty of projects on the market that are solely focused on decentralized finance. But how can we trust them enough to buy their token?
Decentralized finance is a financial system built on blockchain that does not rely on central financial institutions and instead uses smart contracts. The goal is to build an open financial system that does not require user confidence.
As a curious individual who wants to invest more and try to give opportunities to other platforms that are aimed to help blockchain newcomers, I ended up on the LYOPAY platform, which drew my attention. Because they have a lot to offer and are also launching their first ICO.
What Is LYOPAY?
After taking a careful look at their whitepaper, I became interested in this platform.
Why? Because they have a lot to give, and I am the type of person that will look over their platform to see whether they meet my criteria; and, to be honest, I was genuinely delighted to see how well they did.
The LYOPAY platform is a multi-service application that includes e-commerce, travel booking, insurance, staking, and other services. They will try to provide as many features as possible so that you can use them.
They begin their adventure as a payment application, with the ability to manage both fiat money and cryptocurrencies, establishing a meeting point between these two worlds, which are still separate. The LYOPAY platform complies with KYC, AML, OWASP, and European General Data Protection Regulation by offering security to consumers and their finances.
They also have a user-friendly portal to obtain all of the information you will need for your future investment. Not only that, but LYOPAY is a super app that incorporates a variety of daily services.
What Benefits Does LYOPAY Provide?
With LYOPAY, you have many options at your disposal that will benefit us and make our lives easier. They also have a project roadmap that allows us to stay updated on what they will offer.
For the time being, they intend to have a marketplace, an internal chat, a Safebox function, and travel booking all in one app.
Everything will be available until the fourth quarter of 2022.
We can currently use the following services from them:
E-banking and cryptocurrency wallets – we can now send EUR and USD bank transfers and create coins. SEPA transfers in euros and dollars to third-party banks are surprisingly quick. In July, there were 15 cryptocurrencies, with more to come, with LYOPAY planning to reach 50 by the end of 2022.
Mastercard debit cards – customers can order virtual Mastercard debit cards to shop with and utilize them for in-store purchases, ATM withdrawals, and cost tracking via the LYOPAY APP. They are currently available in 50 countries, but their services will be expanded to 130 countries by 2021.
Cold wallet – will allow us to make transactions from an offline storage location using only our smartphone.
Why Choose LYOPAY?
To be honest, I prefer LYOPAY for their existing services and because they are launching their first ICO in early July 2021, releasing the LYO CREDIT (LYO) token.
Furthermore, it is based on the Binance Smart Chain protocol, which Binance operates. The BSC-20 enables BSC to facilitate LYOPAY Ecosystem transactions and record credit balances in an account.
250 million token units are available.
In addition, they have already sold more than 1,500,000 LYO for the Pre-ICO, which will end on the 31st of July.
If I got your interest, feel free to check their website and start buying their tokenn: LYOPAY