Samecoin: An Innovative DeFi and Identity Ecosystem

Many people globally are deviating from the umbrella of traditional banking system and what is fueling this because most of them want more control over their money. Not making use of banking system continues to increase but even with this, gone are the days when people keep their funds in their homes. Instead of this old system of savings, they are making use of cryptocurrency and most especially-the decentralized financial services known as DeFi. With the control that cryptocurrency has to offer and by making use of DeFi services, one will enjoy tremendous benefits that is rare in traditional fiat banking services.

But even with this, there is still a sector of finance that the traditional banking system is pulling a shot and that sector is savings. By keeping your funds in the bank, you will receive interest. Though, the growth potential of crypto is huge but will only be able to enjoy it when you sold your crypto assets in profit. The simple interpretation to this is that you don't earn anything by storing Ethereum in your wallet, you only get profit from it if you sold it in profit. But the good news is that with the advent of Samecoin ecosystem and by holding Samecoin token, one will be able to enjoy reoccurring payments whether you are using the banking services of the platform or you are not.

Project Overview

Those holding Samecoin will benefit from the system tremendously. By having this token in your wallet, you will enjoy low fee within the platform and also take part in the governance of the ecosystem. You will be able to take part in its governance by placing a bet on vSamecoin which is the native governance token of the ecosystem. With high probability of future growth in value of Samecoin, you will see how people like Tope and others that invested in the platform will enjoy tremendous benefits and income through the platform.

Stablecoin Features

The ecosystem of Samecoin is built with a Smart contracts which assist holders of the token to earn good interest. For example, If Tope decides to store the Samecoin stablecoins which are SameUSD and SameEUR, the smart contract will automatically deposit the coins they backed (such as USDC) into approved apps such as Compound. This brings regular interest to users.

Smart Contracts and DeFi

The minting and burning of token is being done by the platform smart contracts. It also offer loans and pay interest on savings. Tope will now be able to enjoy all the goodies that comes with DeFi financial services which led him into crypto in the first place and also take of the savings he would have received by depositing his in a conventional banking. This is the one of the major reason why many are passionate and excited about Samecoin and you also should be excited about it. Let's take Ganiyu for example, he had about Samecoin some weeks ago and he did his own thorough research about the platform, he later found out that Samecoin is more easier to understand than many complicated projects in the industry. He was happy, he also found out that the ecosystem of Samecoin is doing better than most of its pairs when it comes to a decentralized currency that he can use for day to day transactions. He found out that it is more stable than Btc, Eth, Bnb etc and even superior to some well known stablecoin when it comes to transactional activities.

The reason for this is because Samecoin family of Stablecoin that I mentioned above are more stable than other stablecoins because they are pegged to other stablecoins. With this, it will be more easier for Ganiyu to understand. He will be elated to spend his SameUSD anywhere he can find, and more and more online stores are ready to start accepting SameUSD soon. Because he is aware of its cost and he doesn't have to worry about investing in his bitcoins if they grow in the future.