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2local brings forward a blockchain that’s essentially a high-quality fork of Ethereum that’s entirely adjusted for the needs of the platform. It takes advantage of the Dedicated Proof of Stake (DPoS) consensus algorithm, which should enable quick and low-cost transactions.
The main premise of 2local is to capture and garner the growing demand for decentralized finance (DeFi) through its multitude of capabilities.
Users are able to take advantage of comprehensive solutions such as a cashback on their Debit card. They can purchase the native token at a discount, benefit from a further discount when shopping through the connected companies, and even enjoy a cashback on what they spent.
Now, with the growing demand for staking and yield farming, the company is also expanding in these fields. These have easily been some of the most innovative and forward-going developments in the field, and this is easily seen by the overall growth of the DeFi industry. The total value locked in protocols is now measured in billions which is a clear testament of the interest of investors in different Yield producing mechanisms.
In general, the platform attempts to tackle the critical issues of existing financial systems through a balanced approach. This is why it has enabled various reward mechanisms for people without tremendous access to capital, incentivizing a broad range of users. The cashback is just one of the examples.
Some of the company’s core values include worldwide profit maximization, sustainability, prosperity, and it works towards achieving these goals through many mechanisms, including the cashback system, yield farming, staking, and other means of generating passive income on your cryptocurrencies.
One of the important things to consider is that 2local is hosting its own IEO on the ChainX platform. From February 15th to March 20th, users can participate and get their tokens.
Source: Crypto Potato