Climbing the Cryptocurrency Peak: Mountanaz (MNAZ) and STEPN (GMT) Rising in Popularity

Decentralized Finance (DeFi) came into being to try and counter that obsolete and slow financial system. DeFi is an open, decentralized, and transparent financial system based on blockchain and permissionless applications.

Decentralized finance has been around since 2013 and has grown in popularity in recent years. The value of DeFi has risen from $601 million (2020) to $239 billion in April 2022, according to a new study.

Mountananz (MNAZ) Hiking to the Top of DeFi

Mountanaz (MNAZ) is a scalable DeFi protocol powered by Binance Smart Chain (BSC), as BSC presents a true and practical answer to the Ethereum (ETH) scalability issue. The BSC blockchain is interoperable with the ETH ecosystem, so their coding languages are very compatible. This creates a level of familiarity between the projects allowing for information and ideas to be easily shared.

MNAZ’s sharding approach, inspired by the upcoming ETH 2.0 upgrade, sets it apart from previous initiatives and competitors. Simply explained, sharding distributes the work of a blockchain block. “Sharding” involves modifying the blockchain architecture so that each node (or block) only has to retain a part of the data and transactions.

MNAZ will have tremendous support when it becomes fully tradable in Q2. Its qualities speak for themselves. With scalability in mind, the project developers created this latecomer to the DeFi universe that could definitely be another great success story.

The presale is open now and joining early could generate millions for investors.

The developer of the Mountanaz Foundation (MNAZ) is still unknown. However, what we know so far is that the creator (or creators) goes by the alias of Reinhold Irvine. The codename is based on two historical climbers of Mount Everest and it is a metaphor for achieving the pinnacle of one’s potential and never ceases progressing.

To accomplish its objectives, the platform uses the most powerful yet simple frameworks possible, enhancing accessibility for all

Anyone with a smartphone and internet access can access cutting-edge financial services.

STEPN (GMT) Solana-based game is thriving despite its high cost

A new type of GameFi is gaining traction as the play-to-earn (P2E) sector comes under fire following the $620 million “Ronin heist”, which has brought the industry under scrutiny.

The Find Satoshi Lab’s move-to-earn initiative STEPN, which is based in Solana (SOL), generated a huge $26 million in the first quarter of the year. Moving to earn is a concept similar to that of “playing to earn”. In this case, users are compensated in cryptocurrencies for the number of steps they take.

Meanwhile, while P2E games encourage online gaming, STEPN is quickly developing as a pioneering example of GameFi, which encourages users to engage in physical activity and healthy living. Users that purchase the Non-Fungible Token (NFT) in the game will be able to win incentives for each step they take.

As the STEPN network expands in strength, this is having spillover consequences. STEPN 5K, which will take place in conjunction with the AthensDAO convention of Solana-based decentralized autonomous organizations (DAO) in late May, is an example of an event that could have a positive effect on the industry.

STEPN demonstrates “real-world crypto applications” to the public.

STEPN is successful in simplifying and streamlining the overall experience, as follows:

Users are rewarded in the app’s native currency for taking steps towards a healthier lifestyle. The price of GMT grew by 50% in the last month alone, according to CoinMarketCap.com, which is the most prominent website for cryptocurrency price tracking.

However, much like the P2E behemoth Axie Infinity, earning the benefits requires NFT ownership. Customers who utilize the STEPN mobile application can exchange SOL tokens for NFT sneakers, and then they can begin running.

As the price of the sneakers is expensive, STEPN is introducing a rental function.

If the rental function is implemented, people who are (NFT) shoeless will be able to effectively rent out other players’ sneakers completely free and split the revenue generated by their running activities with the owner.

However, play-to-Earn (P2E) digital asset leasing has been criticized for resulting in “digital serfdom,” in which players who cannot buy the NFTs required to play digital games have to rent from third-party lenders, who expose gamers to long hours of playtime with little reward.

In short, Mountanaz’s transparency and accountability greatly transcend centralized banking systems due to the infallibility and openness of blockchain technology and as evidenced by the STEPN figures, people are more than prepared to pay for exciting move-to-earn experiences so start investing today, you just never know where it may lead you.

Check out the links below for more information:

Presale: https://purchase.mountanaz.io/register

Website: http://mountanaz.io

Telegram: https://t.me/Mountanaz_Token

Twitter: https://twitter.com/mountanaz

Instagram: https://www.instagram.com/mountanaztoken