Web 3.0 and the Metaverse are currently the hottest topics in the crypto and blockchain industry, but these discussions are not limited to crypto users. Many believe that the Web, a widely used term to describe a new generation of the Internet, that seeks to give power back to the people, is the Internet of the future.
Interest among mainstream users in Web3 and other blockchain concepts such as non-fungible tokens (NFTs), play-to-earn (P2E) gaming, and the metaverse is becoming widespread.
But for the Metaverse market to reach its full potential, everyone has to play a part. This is why YouHodler has forayed into the metaverse space, offering new ways users can access and use native tokens from various virtual worlds.
What is uhodler?
YouHodler is a fintech platform that provides users with access to various financial services such as crypto-backed lending, stablecoin loans, crypto exchanges, crypto savings accounts and crypto trading. The platform is designed to bridge the gap between the digital asset industry and traditional systems. By facilitating fast and seamless transactions.
Launched in 2018, YouHodler offers users more opportunities to earn passive income while giving them access to instant crypto-backed loans. Users can buy, sell and exchange a wide variety of cryptocurrencies, including stable coins. They can also stake their crypto assets and earn rewards at stake.
As a multi-asset platform, YouHodler employs some of the best security systems to ensure that users’ assets and data are kept secure at all times. The Swiss-based firm is also regulated by some of the world’s top financial regulators.
Additionally, users have a wide variety of payment options to choose from as the platform supports multiple payment systems. YouHodler accepts deposits made with credit and debit cards as well as bank wire transfers.
Interestingly, YouHodler has recently joined the Metaverse bandwagon and is giving users access to some of the ecosystem’s tokens.
YouHodler introduces Metaverse Token for users
The fast-paced nature of the crypto space has attracted many investors to metaverse-focused protocols and their tokens. YouHodler wants to take advantage of the growing interest in Metaverse products by giving users access to five Metaverse tokens on its platform.
YouHodler has added support for native tokens of Decentraland (MANA), The SandBox (SAND), Axie Infinity (AXS), Illuvium (ILV), and Gala (GALA). This means that users can buy, sell, save, lend and borrow these tokens on the platform.
Since the token has just been listed on its platform, YouHodler will run a one-month promotion that will give users an annual percentage yield (APR) of 25% – 30% for newly listed tokens. Immediately after the promotion ends, interest rates will automatically be reduced to 3% APR compounded.
Currently, the platform offers interest rates of up to 12.3% for certain stablecoins on its platform.
With the concept of Web3 and the Metaverse becoming more popular, the user base of these Metaverse projects has shot through the roof. The prices of their native tokens were also not spared, as they had seen a rapid increase over the past few months.
YouHodler CEO, Ilya Volkov, said that the platform is currently on a mission to help its users increase their earnings and maximize their investments. Therefore, the addition of these Metaverse tokens will not only help investors diversify their portfolios, but also enable them to access the full potential of Metaverse using its innovative digital asset tools.
By providing support for these tokens, YouHodler is becoming more involved in the metaverse space, paving the way for integrating its services into the system.
Meanwhile, the newly added tokens are only available to users on YouHodler’s savings account feature. However, the platform intends to expand its reach and make tokens accessible on some of its other features including Multi HODL, crypto-backed loans, crypto exchanges and turbocharged.
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