YouHodler Enters Metaverse With New Token
- by Danny
- Posted on June 9, 2022
Platform Focuses on Crypto-Backed Trust Loan Ventures to Metaverse with New Token
Every few years, a new technology concept emerges that conquers consumers. For a long time, this was blockchain and cryptocurrencies. Now, virtual worlds seem to be a hot topic among consumers. And for good reason, because the Metaverse is essentially expanding all our existing ideas of virtual interaction.
Unlike social networks, the metaverse is an ever-present concept through which users can interact with their avatars at any time. With that in mind, it’s no surprise that both businesses and consumers are showing more interest in the metaverse.
One of the latest developments in this space comes from YouHodler, a fintech platform focused on offering crypto-backed fiat loans. The company recently announced that it will list its first batch of Metaverse tokens for its users.
According to the company’s official statement, Decentraland (MANA), The SandBox (SAND), Axie Infinity (AXS), Illuvium (ILV) and Gala (GALA) are now available on their page. This marks the official entry of YouHodler into the Metaverse realm, and its users can exchange, trade, and lend these tokens.
As part of the launch, YouHodler is offering these tokens a promotional interest rate of 25-30% per year for one month. This is comparable to the high interest turnover of some stablecoins of around 12.3% and shows their commitment to the concept of the metaverse.
in the metaverse
Essentially, the metaverse is not just a place where people can have virtual characters and meet. Once it reaches its potential, it will change the way we interact both personally and professionally.
In the latter case, the metaverse will change the way we interact with money. For example, people are already paying big bucks for slots in specific metrics, and that shows no signs of stopping.
As some cryptocurrency and blockchain enthusiasts are already speculating, the metaverse will eventually affect how we borrow. Metaverse’s tokens and possessions are valuable in their own right, as has been established.
In the future, we are likely to see platforms start lending and borrowing using Metaverse tokens and assets as collateral. For example, YouHodler already offers cryptocurrency-backed loans, and since they now own Metaverse tokens, a loan backed by this new space is not out of the question.
The emergence of concepts like web3 and metaverse will obviously have a huge impact on our social and business lives, and many platforms are gearing up for it. This will help your users get the most out of this new change and get the most out of it.
As YouHodler CEO Ilya Volkov points out: “Web3 and Metaverse represent the next iteration of the internet. At YouHodler, we want to help our customers use their cryptocurrencies in a positive way, not just buy and hold Yes. Therefore, we believe that offering such a new token will allow our clients to harness the potential of Metaverse in conjunction with our innovative digital asset tools.”
Platform Focuses on Crypto-Backed Trust Loan Ventures to Metaverse with New Token Every few years, a new technology concept emerges that conquers consumers. For a long time, this was blockchain and cryptocurrencies. Now, virtual worlds seem to be a hot topic among consumers. And for good reason, because the Metaverse is essentially expanding all our…