Best Low Cap DeFi Gems: My Freedom Coin (MFC) and Aave (AAVE)

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Decentralized finance, or “DeFi,” is the transition away from centralized traditional financial systems and toward peer-to-peer financing made possible by decentralized technologies based on the Ethereum blockchain.

It has emerged as the most active industry in the blockchain space, and the total value locked in DeFi protocols has grown from $1 billion in January to over $13 billion in December. 

With such rapid growth, it can be difficult to keep track of all the different DeFi protocols and projects. In this article, we will highlight some of the best low-cap DeFi gems that are worth keeping an eye on.

My Freedom Coin (MFC)

My Freedom Coin is a DeFi platform built upon the transparent and secure BEP-20 blockchain. Its ecosystem works to minimize the potential for negative volatility that comes with the crypto market while creating stable growth. It has multiple utilities, including a wallet, a bank, and an exchange, letting users buy, sell, and collateralize their MFC coins.

The MFC coin has a total supply of 7 billion coins that are released through a series of offerings. The funds collected through the MFC coin offerings are then stored in a smart contract on a BEP-20 network called the BUSD Treasury (BUSDT).

BUSDT guarantees that all coins in circulation will not fall below ‘Floor Price,’ which can only stay the same or increase. It also refers to the absolute lowest price that the coin can be, and this price subsequently goes up over time.

The consistent growth of BUSDT is ensured as each coin offering is 2X of the ‘Floor Price.’ Furthermore, all the fees that are charged in MFC are taken out of circulation, thereby increasing the ‘Floor Price.’

The platform’s coin functions as a crash-proof asset and a store of value, providing investors with consistent growth.

Aave (AAVE)

Aave is a well-known platform for lending cryptocurrency. The price of its AAVE token has been performing better than most other tokens due to its high user level. AAVE’s price rose over the previous week. Additionally, the platform recently disclosed plans to introduce its own stablecoin, which will aid in luring and keeping users.

Aave currently has a market value of $1,050,188,407. AAVE has a relatively small supply even though its market cap appears to be greater than My Freedom Coin. Less than 14 million AAVE coins are currently in circulation on the platform, and its maximum coin supply is also only 16 million. The small group of AAVE token owners benefits greatly as the platform’s value increases.

Conclusion

Each of these projects has the potential to disrupt the DeFi space and offer significant returns to investors. Aave may have industry experience, but My Freedom Coin is a relative newcomer to the world of DeFi, and it has quickly established itself as one of the best low-cap gems in the space. The team behind My Freedom Coin has a strong vision for the project, and they have been able to execute that vision thus far.

Learn more about My Freedom Coin by checking out their official website and their Twitter, Telegram, Discord, and Reddit. Investors can use the code ‘CXPMGOSKJT’ to join the platform. The app can be downloaded via their website.


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