Few seasoned observers would deny that decentralized finance has been on a rocky road recently. Volatile prices, multiple market corrections and forces of creative destruction are in the process of weeding out the industry’s weakest players while solidifying the lead of visionaries. Meanwhile, Kick.io, a decentralized fundraising platform on the Cardano network, has identified a golden opportunity behind these major disruptions. Since Ethereum, the giant of the DeFi industry, looks ever more likely to get kicked out of business, Kick.io is glad to assist.
Although Ethereum is still enjoying the incumbent’s advantages (that is, traders sticking by it due to convenience), analysts are quick to point out that this status quo will not last. Branded as “Ethereum killer,” Cardano is widely anticipated to soon overtake Ethereum as measured by total network transactions. That is because there is a wave of growing discontent over the inefficiency of Ethereum’s proof-of-work consensus mechanism, which has led to many disappointments over the network’s sluggish transaction speeds and exorbitant fees. Ethereum’s environmental credentials have also been tarnished as of recent, with analysts questioning whether the energy inefficiency of its protocols could soon become the prime reason for both ridicule and investor revolt.
With the DeFi market growing more ambitious and environmentally conscious, traders are on a continuous lookout for serious challengers to the incumbent. Cardano, founded by Charles Hoskinson, a co-founder of Ethereum, is likely the most promising candidate to become the new DeFi leader. The world’s first multi-layered blockchain is almost guaranteed to make waves, both because of its fully decentralized nature and its scalability. Ouroboros, its proof-of-stake protocol, is a technological marvel. By utilizing an academic evidence-based approach, Cardano is already ushering in a new era of significantly faster transactions, bottom-low fees and carbon-free crypto transactions.
Kick.io is on a mission to spearhead this transition of enabling a seismic reorientation of the DeFi industry towards the Cardano network. Kick.io’s platform is believed to soon mature into the place where Cardano’s extensive community can come together to fund high-growth projects and pick the winners of tomorrow. Led by a team of DeFi and traditional finance professionals, Kick.io is set to implement market-leading capabilities, delivering full Cardano native token support as well as a suite of project kickstarting and endorsement capabilities that all modern projects need to thrive and prosper. In looking out for the interests of our investors, Kick.io ensures that only the most credible and promising projects make it through — the ones with the highest potential to make a meaningful contribution to the Cardano ecosystem.
Kick.io is set to go public on Sept. 15, but will also be hosting a private sale on July 28. Mark these dates as the project has already seen significant interest from retail and institutional investors and is already oversubscribed. With the Cardano bull market gathering steam, this is the moment to show that the DeFi industry is alive and kicking.