Since the beginning of 2020, the effects of the "Coronavirus" have led to volatile stock markets and exchange rates, as well as cryptocurrencies such as bitcoin and ripple.
By the start of 2020, the price of bitcoin will start around 900,000 yen, reach 1 million yen in February, and think that it will rise as it is It was less than 450,000 yen. We hit minus 50% in one month.
As of April 1 today, it is operating in the range of 670,000 to 700,000 yen, but there is a possibility that it will crash due to the influence of "Coronavirus" in the future. In the long run, I think many people think that bitcoin will rise, but I'm worried that it has a lot of ups and downs.
What I would recommend to those people is the operation of "Defi" using Bitcoin. “Defi” means “Distributed Financial Services”. With DeFi, anyone can borrow and borrow assets. And it has a high interest rate.
At the "BTCNEXT exchange" I currently use, Bitcoin can be operated using "Defi". I'd like to invest bitcoin for the future, but for those who are worried about the ups and downs, I would like to talk about the BTCNEXT exchange.
About BTCNEXT Exchange
Before I explain how to operate on "Defi", I would like to briefly explain about "BTCNEXT Exchange".
Operated by QDAO engineer
The BTCNEXT exchange is operated by Platinum Q DAO Engineering, led by Anton CEO, who also operates the virtual currency Noakoin. "Platinum Q DAO Engineering" is a company that originally worked as a virtual currency ICO consultant.
I helped the ICO of "Noakoin" which was introduced many times in this blog. Due to this connection, the previous operation will take over the Noah operation that was abandoned, and it is now operated under the name of "Noa Platinum Coin".
Operated by QDAO engineer
The BTCNEXT exchange is operated by Platinum Q DAO Engineering, led by Anton CEO, who also operates the virtual currency Noakoin. "Platinum Q DAO Engineering" is a company that originally worked as a virtual currency ICO consultant.
I helped the ICO of "Noakoin" which was introduced many times in this blog. Due to this connection, the previous operation will take over the Noah operation that was abandoned, and it is now operated under the name of "Noa Platinum Coin".
Ranking by exchange token holdings
The "BTCNEXT Exchange" has its own currency, the exchange token "BNX", and you can get benefits depending on the quantity you hold. At the time of IEO, it was 10 yen, but now it is around 30 yen.
In addition, as with the exchange token "BNB", which is the proprietary currency of "Binance", there is a mechanism whereby using "BNX" as a transaction fee will reduce the transaction fee on the "BTCNEXT exchange". It is a good service for those who use it often.
Bitcoin management method using Defi on BTCNEXT exchange
Defi interest rates
When operating with "Defi" on the "BTCNEXT Exchange", interest rates vary depending on the currency.The highest interest rate is 8.31% per annum for USDQ and the lowest interest rate is 5.36% per annum for Ethereum (ETH).“USDQ” is a “Stable Coin” in US dollars.
The annual interest rate of “Bitcoin (BTC)” is also 7.38%. Since the Japanese bank interest rate is 0.02% per year, bitcoin management using "Defi" on the "BTCNEXT exchange" costs 369 times the Japanese bank interest rate. Is not it amazing.
Since virtual currencies other than "USDQ", "Ethereum (ETH)" and "Bitcoin (BTC)" are also supported, please check the interest rates of each currency below.
How to use Defi
1.Open account of BTCNEXT exchange
First, open an account at "BTCNEXT Exchange".Register from the link below.
2. Remit the virtual currency you want to deposit to the exchange
After opening an account on the "BTCNEXT Exchange", remit the virtual currency you want to increase.There is no interest rate except for the currencies described above, so if you have another currency, change it to Bitcoin (BTC).
3. Turn on the chuck box on the screen
After remitting the currency you want to increase to "BTCNEXT Exchange", please check the box at the top when you visit the "BTCNEXT Exchange" site.It is OK if the yellow button moves to the right as shown in the screen below.
4.Complete
All procedures are completed above. The interest will be transferred to your virtual currency account every day from the day after setting. If "Bitcoin (BTC)" is inserted, payment will be made with "Bitcoin (BTC)", and if "Ripple (XRP)" is inserted, payment will be made with "Ripple (XRP)".
Since the sum of the principal and interest paid is the subject of the next day's interest rate, the "compounding power" works, and in fact the interest rate is 7.38% or more per year.
Withdraw at any time
In addition, you can withdraw money at any time, so there is no restriction that you can not withdraw for several years like time deposits.
Don't just hold the Bitcoin (BTC) you're collecting little by little, let's deposit it at Defi on the BTCNEXT exchange and earn interest. That way, you can get two incomes, a continuous income like "Income Gain", and a revenue you get by increasing the price of "Bitcoin (BTC)" like "Capital Gain". .
If you are interested, please try it.