DeFi Investment Guide 2024: Choosing the Best DeFi Coins to Buy

The DeFi community is growing and new initiatives and projects are emerging. But which is the best DeFi coin? We have instructions for anyone who wants to buy DeFi coins. There are also a few tips and tricks for Filipino traders!

Buy DeFi Tokens – Best List 2024

The following DeFi coins have good potential for 2024. Some are brand new and trying to break into the mainstream, while others are already established. If you want to buy DeFi coins, these are the ones for you:

• Bitcoin Minetrix – DeFi coin with Bitcoin mining approach now available in presale. Now is your chance to start mining BTC with just $0.011 (current presale price).
• Sponge V2 – Has the potential to become a leader in the DeFi space after the presale. Attractive staking bonuses and exciting gaming – exactly what DeFi investors are looking for.
• Meme Kombat – Brand new stake-to-earn meme coin with a strong gamified look; Presale just started, DeFi token with AI approach, enables active and passive income.
• Wall Street Memes – Humorous crypto coin with a meme look with a huge community (more than 400,000); Presale completed and now furious T1 stock market launch,
• TG.Casino Token – DeFi coin with NFT reward, staking option, and token use in your own Telegram casino as soon as it is launched.
• XRP20 – Ripple new edition with Ethereum Blockchain; Fixed price in pre-sale and outlook for high-yield staking method after pre-sale, community is growing.
• BTC20 – new DeFi token BTC20 wants to follow in the footsteps of Bitcoin; was available in presale for $1 per coin; technical improvements make the project promising.
• DeeLance – a fast-growing Web3 platform that makes it easier for freelancers to connect directly with employers.
• Bitcoin BSC – A new Bitcoin version on the Binance Smart Chain with modern DeFi functions, staking for passive returns offers great opportunities.
• AiDoge – cryptocurrency with AI meme generation, just successfully completed presale and started listing on MEXC and Uniswap.
• Ecoterra – an innovative DeFi coin project where you are rewarded with crypto tokens for recycling.
• Securedverse – a P2E ecosystem with huge potential offering a variety of games and activities; you can trade goods and services.
• Tamadoge – a popular meme token in the P2E metaverse that is a combination of Dogecoin and Tamagotchi.
• Battle Infinity – a DeFi token with P2E function, staking, and co, in which games take place in the Metaverse, where tokens are fought in the IBAT Battle Arena.
• Avalanche – a crypto network with smart contract functionality that is best known for its speed and strong scalability.
• Uniswap – an online exchange with native DeFi coin and automation of transactions that enables crypto trading without an intermediary.

The Best DeFi Crypto Coins in Analysis

We explain the best DeFi coins 2024 in more detail below. This is intended to make it clear how the projects are structured and what the potential returns really are. This way you also know which cryptocurrency investing in has a chance of success.

1. Bitcoin Minetrix – Innovative DeFi Coin with Bitcoin Mining Approach

Interest in the mother of the DeFi market – Bitcoin – continues unabated. This has recently been proven by the success of Bitcoin derivatives, such as BTC20. But getting started with the Bitcoin project itself is becoming increasingly difficult. High prices and barriers to entry in mining are increasingly deterring private investors. Bitcoin Minetrix could help with your reservations.

The special features of Bitcoin Minetrix:

• Stake-to-Mine: BTCMTX makes mining accessible again – even for small investors without mining infrastructure.
• Passive income: The staking option creates prospects for long-term returns.
• Environmentally conscious: Bitcoin Minetrix uses cloud mining, which is more environmentally friendly than mining.
• Cheap entry: No high investment is required, the presale token price is only $0.011.

The DeFi coin $BTCMTX was tokenized on the Ethereum blockchain and primarily serves a far-sighted staking program. Staking $BTCMTX serves to create an easier path to Bitcoin mining in the long term. This should finally make it possible for small investors to mine Bitcoin again at good prices and with a manageable risk.

A look at the roadmap shows that this could happen as early as the first quarter of next year. Until then, you can get started with the new project at a particularly low price via the presale and buy Bitcoin Minetrix. The presale price is just $0.011.

Presale started	Sept 2023
Purchase method	ETH, USDT, BNB
Chain	Ethereum
Hard cap	$32 million
Minimum investment	$10
Max. investment	None

Bitcoin Minetrix currently offers the best staking rewards

• Low presale price ($0.011)
• Stake to mine approach
• Bitcoin cloud mining

Buy Bitcoin Minetrix Presale

2. Sponge V2 – New DeFi Coin For All Sponge V1 fans

Sponge V2, the evolutionary sequel to the popular meme coin Sponge V1, stands out for its unique features and innovative approaches. Designed to revolutionize the DeFi segment, Sponge V2 offers a novel staking mechanism and an exciting play-to-earn game.

The origin of the token lies in the successful history of Sponge V1, which has already achieved remarkable success. Sponge V2 takes these experiences and takes them to a new level to offer investors an even more attractive and dynamic investment opportunity.

The special features of Sponge V2:

• Staking Innovation: V2 tokens can be earned by staking Sponge V1.
• Play-to-earn Game: With a fun play-to-earn game, Sponge V2 allows you to earn $SPONGEV2 tokens through competitions and leaderboards.
• DeFi Integration: The roadmap shows clear steps for deep DeFi integration and dApp development

Sponge V2 is committed to creating long-term relationships and fostering the appreciation of its investors. Using the staking mechanism, investors holding Sponge V1 tokens can earn an equivalent amount of V2 tokens, based on a variable annual return (APY).

The transition from Sponge V1 to V2 will occur via a unique staking process that allows existing $SPONGE token holders, new buyers, and current stakers to convert their tokens into V2 tokens via the smart contract on the website – according to the invitation of the developer.

This creative approach emphasizes Sponge V2’s commitment to creating a close connection with the community and offering investors an attractive opportunity for long-term participation.

The ongoing integration into the DeFi ecosystem and the ambitious plans for decentralized applications (dApps) in Sponge V2’s roadmap illustrates the coin’s clear goal to excel in the DeFi market. Our Sponge V2 forecast also offers positive prospects.

Presale started	December 2023
Purchase method	ETH, USDT, bank card
Chain	Ethereum
Based on	Sponge V1
Token Total	150 billion
Max. investment	None

Sponge V2: Version 2 of the 100x meme coin with high staking potential

• Revolutionary stake-to-bridge approach
• Buy V1 & automatically stake and earn V2
• Bonuses & rewards in presale

Buy $SPONGEV2

3. Meme Kombat – DeFi Competition Meme Coin

As playful as Meme Kombat may seem, the token is serious! There is a successful development team behind the project. And that not only created the option to earn passive returns through staking. But also you can bet on fights between the Meme Kombat characters and earn a lot.

The special features of $MK:

• Good earning options: staking for passive returns
• Futuristic concept: AI approach for long-lasting gaming fun
• Open & transparent: the well-known team behind the token, including Matt Whiteman

Regarding tokenomics, 50% will be issued during the presale of $MK. Anyone who buys Meme Kombat can use these tokens directly for staking or competitions. 30% of the remaining coins are given out as profit. Another 10% is available from the DEX listing, another 10% is awarded via Community Rewards.

Everything is designed for gameplay. This means that you want to offer all investors the chance to continue to participate in the game through constantly optimizing conditions. In order to then of course also make the corresponding merits clear. This is also reflected in the MK Roadmap.

Presale started	September 2023
Purchase method	ETH & USDT
Chain	Ethereum
In total	12,000,000 tokens
Presale tokens	50%
Hard cap	10,000,000 tokens

Buy Meme Kombat now

4. Wall Street Memes – Community-strong DeFi Coin Project

Anything but not too serious – that’s Wall Street Memes. Although you are doing the new meme coin a bit of an injustice. Because you definitely have to “take this DeFi coin seriously”. The community of more than 400,000 users has guided $WSM through the presale very successfully so far.

The special features of WSM:

• Humorous coin: WSM relies on humor and has a large community of over 400,000 users.
• Successful project team:  The team behind WSM has already successfully launched an NFT.
• Successful presale: More than $15 million has already been collected in the presale, and airdrops are planned.

The reason for this is that the project team behind Wall Street Memes launched a successful NFT on Reddit a few years ago. This sold out within half an hour. And now the $WSM Coin aims to put finance on the spot and write a success story.

More than $15 million has already been raised. There are also exciting airdrops to supporters after a successful listing on public exchanges. Clearly a future project.

Presale started	May 2023
Purchase method	ETH, USDT, BNB
Chain	Ethereum
Hard cap	$30,577,000
Minimum investment	100$WSM
Max. investment	None

5. TG.Casino Token – DeFi Coin with Telegram Casino & NFTs

The new TG.Casino token optimally combines cryptocurrencies, entertainment, and AI. The $TGC Coin serves as the currency in the new TG Casino and offers extensive advantages through the use of the most modern technologies.

Special features of $TGC:

• Staking option: Part of the tokens are burned to create the deflationary mechanism, and the other part is used for rewards and ecosystem support
• High Roller Rewards: Anyone who stakes $5,000 in the presale will receive special NFTs from the casino launch
• Future-oriented: The concept of our own coin and Telegram Casino

This means that the crypto casino will not be accessible via a website like conventional providers. Instead, Telegram is used as a platform. This ensures an anonymous gaming experience with secure encryption. In addition, the TG.Casino token is based on promising tokenomics, from which investors can ultimately benefit.

The token is currently being sold in presale with a hard cap of only $5 million. You can buy TGC with USDT, ETH, and BSC. At the same time, the circulation is continuously reduced as 40% of the casino revenue is burned in the form of the token. The remaining 60% goes back to players and investors as staking rewards.

Presale started	September 2023
Purchase method	ETH, USDT, BSC
Chain	Ethereum
In total	100,000,000 tokens
Presale tokens	40%
Hard cap	$5,000,000

6. XRP20 – Decentralized New Development From Ripple

XRP20 does a lot of things differently than Ripple. Ethereum blockchain and real staking options are available with this coin. After the pre-sale, the coin can be staked. The pre-sale process has already been extremely positive and will soon be completed.

The special features of XRP20:

• Hype is big: fast and successful presale
• Chances of return are good: staking method thanks to Ethereum Blockchain
• Support is there: The community is growing rapidly

The chances are good that the Ripple successor (which has nothing to do with XRP in terms of its structure or the project team) will gain significant momentum. The return opportunities are extremely positive thanks to staking and the deflationary burn mechanism. This is also reflected in the positive XRP20 forecast until 2025.

Presale started	August 2023
Purchase method	ETH
Chain	Ethereum
In total	100,000,000,000
Presale tokens	40,000,000,000
Hard cap	$3,680,000

7. BTC20 – Extensively Improved Bitcoin Project

Decentralized currencies and decentralized finance are getting interesting new blood these days. We’re talking about BTC20, the self-proclaimed next Bitcoin. The new token is definitely worth considering.

The special features of BTC20:

• Successor potential: BTC20 could certainly follow in BTC’s footsteps.
• Optimized: Thanks to the switch to the Ethereum blockchain & proof-of-stake process.
• Cheap entry: Early supporters can purchase BTC20 for just $1 per coin.

$BTC20 may not be able to prove at this point that it will explode in the same way that its role model, Bitcoin, once did. Nevertheless, BTC20 has enough reasons up its sleeve to claim that it can follow in BTC’s footsteps. Above all, the switch to the Ethereum Chain and the PoS process is a massive gain for the new cryptocurrency.

It is also noteworthy that all available coins of the new decentralized currency flow into the presale or the staking contract and therefore exclusively benefit the investors in the project. BTC20 thus takes the DeFi idea to a new level.

Early backers of the project were able to purchase $BTC20 in the presale for a discounted price of $1 per coin. The presale includes up to 6.05 million BTC20 coins.

Presale started	July 2023
Purchase method	ETH
Chain	Ethereum
In total	21,000,000
Hard cap	$6,050,000
Presale coins	3,000,000

8. DeeLance – A fast-growing Web3 Platform For Freelancers

The next-generation freelancing and recruiting platform, DeeLance, relies on decentralized Web3 technology. The project is revolutionizing the way freelancers connect with potential clients.

The special features of DeeLance:

• Innovative:  Web3 technology is revolutionizing how freelancers interact with clients.
• Diverse platform: NFT marketplace, metaverse & innovative brokerage platform in one.
• Security for freelancers: NFTs enable secure transfer of ownership of projects.

The platform is built on three key elements: a cutting-edge NFT marketplace, a revolutionary metaverse, and a novel intermediation platform. Together, these components form a comprehensive suite of tools and services that streamline the freelancing process and create a seamless user experience.

At the heart of DeeLance’s groundbreaking approach is the tokenization of freelance work products into NFTs, enabling a secure and reliable transfer of ownership of projects to the customer.

Additionally, DeeLance offers a simple payment method that does not require any fees or foreign exchange complications. Thanks to the native DeFi token $DLANCE, freelancers can get paid faster and more easily.

If you would like to buy the DeFi coin, you have the chance to purchase $DLANCE during the presale for currently $0.043. So far, the project has achieved considerable success, raising a total of $1.5 million.

Presales started	1st quarter 2023
Purchase method	USDT, ETH, credit card
Chain	Ethereum
Hard cap	6,800,000 USDT
Minimum investment	10 USDT
Max. investment	No limit

9. Bitcoin BSC – DeFi Coin With Benefits of BEP-20 Tokens

Probably the biggest disadvantage of Bitcoin is the lack of smart contracts. This makes the cryptocurrency blockchain hardly suitable for DeFi applications. But that should now change! The new DeFi coin Bitcoin BSC represents a new Bitcoin version that is compatible with smart contracts and uses the Binance Smart Chain.

The special features of $BTCBSC:

• Cheap gas fees: Thanks to the BNB Smart Chain, the fees are significantly lower.
• Easy to use: BEP20 tokens are easily accessible through Trust Wallet or MetaMask apps.
• More environmentally friendly than BTC: Thanks to the fact that it avoids mining and relies on staking, BTCBSC is much greener than Bitcoin.

What is particularly promising is that buying Bitcoin BSC is currently cheap. The price is based on that of Bitcoin in 2011. The amount of tokens to be issued is also based on the year with a presale hard cap of 6.125 million tokens.

Due to the DeFi functions, investors can use the BTCBSC tokens for staking and earning additional cryptocurrency. This simulates the Bitcoin mining process, which means new tokens are continuously released.

Presale started	September 2023
Purchase method	ETH, USDT, BNB, USDT, Card
Chain	Binance Smart Chain (BSC)
In total	21,000,000 tokens
Presale tokens	100%
Hard cap	6,125,000 tokens

10. AiDoge – An AI cryptocurrency For Meme Generation

The AiDoge project is based on the Ethereum blockchain and allows the creation of memes based on artificial intelligence. AIDOGE is betting on the meme coin trend that has become extremely popular in the crypto market.

However, AiDoge is not a simple meme coin. Rather, the project aims to become the Ethereum of meme coins. It is an advanced app with AI that generates memes from texts entered by users.

So AiDoge’s potential comes from the unusual intersection of crypto, AI, and memes. But what is AiDoge and how does it compare to the competition?

The special features of AiDoge:

• Combination of crypto, AI & memes: Could make AiDoge the Ethereum of meme coins.
• AI use: The tool is trained on an extensive data set that contains new emerging topics.
• Successful presale: The project raised over $14 million, and the token is now listed on the stock exchange.

$Ai is exchanged for credits that can be used for memes. This means that interest in AI technology and the associated token are highly correlated.

AiDoge’s AI system is trained on a massive data set that includes current and future events. By drawing inspiration from crypto market topics in real-time, users can create funny and insightful memes.

It remains to be seen whether AiDoge will become a top cryptocurrency. However, the ‘Meme Feed’ feature is very promising. All memes are stored in the feed, where you can apply various filters to the results, such as only the most recent or the most popular.

The project has raised over $14 million in pre-sales that ended on June 18th. The AiDoge token has been listed on the MEXC exchange since June 19th. The current price is $0.000007. It is important to always stay up to date. That’s why AiDoge’s official Telegram page is recommended.

Presale Ended	June 2023
Purchase Method	ETH, USDT, credit card
Chain	Ethereum
Hard cap	$14,900,000
Minimum Investment	$10
Max. Investment	No limit

11. Ecoterra – An Innovative Recycling Project and DeFi Coin

Ecoterra is a blockchain ecosystem for rewarding users and corporate actions related to climate action.

Ecoterra offers individuals and companies access to its Recycle2Earn mechanism, a carbon offsets marketplace, a recyclable materials marketplace, and an impact track profile to measure one’s environmental performance.

The special features of Ecoterra:

• Versatile Coin: DeFi Coin can be held, staked & spent on environmentally friendly projects.
• Environmentally friendly: Companies can purchase CO2 offsets via the Carbon Offset Marketplace.
• Recycled Resources Marketplace: This makes it easier to buy and sell recyclable materials.

Both users and companies can track their environmental impact and performance through Impact Trackable Profiles, resulting in a more open and accountable system overall.

So the goal of this innovative platform is to provide people and companies with the tools they need to combat climate change.

Ecoterra pre-sales have been completed! The coin will soon be offered for public trading on exchanges. A proof of $ECOTERRA’s future-oriented focus.

Presales started	March 29, 2023
Purchase method	ETH, USDT, credit card
Chain	Ethereum
Hard cap	2,000,000 USDT
Minimum investment	6,700,000 USDT
Max. investment	No limit

12. Securedverse – A P2E Game With Huge Potential

Securedverse is a first-person shooter game based on blockchain technology where you can earn SVC tokens by participating in the game’s ecosystem. The game is free and offers competitive battles. By moving up the rankings, players earn rewards.

Securedverse’s goal is to provide its users with a secure virtual environment that is accessible to everyone through decentralized technologies. It is a first-person shooter developed by Portsea Games with a point-and-click interface. Portsea Games is a studio that has made a name for itself by designing VR games.

The special features of Securedverse: 

• Free: Playing is free, you can get rewards for climbing the rankings.
• 2 versions: In addition to Free2Play, a Play2Earn version will also come onto the market.
• Safe & fair gaming environment: The project is based on blockchain technology.
• Passive income: In addition to gaming, passive income streams such as staking are also possible.

In addition to gaming, there will be multiple passive income streams in Securedverse, including B. staking, where you lock SVC coins in the staking protocol and receive attractive interest rates. A leaderboard system should also be available in which you can advance depending on your game performance.

Participants in Securedverse Battles are rewarded with SVC, the game’s official DeFi currency. As an added bonus, Securedverse will offer a leaderboard with valuable prizes for the best gamers.

Securedverse is one of the great DeFi projects to invest in if you want to learn more about Metaverses, Web3, and related technologies through gaming. It’s not as innovative as Fight Out, but still a good choice for anyone who wants to make a living from their first-person shooter skills.

Public advance sales are already underway. One SVC will cost $0.0143 in the 1st phase and $0.0186 in the 2nd phase. So far $79,000 has been raised. Once the project is operational, the coins will be traded on the markets.

13. Tamadoge – A Popular Meme DeFi Token in the P2E Metaverse

Tamadoge is a P2E game that is already incredibly popular in the DeFi industry. Its developers want to introduce a 5% burn mechanism that could skyrocket the game’s value.

Tamadoge is an NFT-like virtual pet that is being developed as part of its own metaverse. Dogepoints can be earned through pet training and battles. The best players receive more frequent and larger rewards from the monthly pool. In the Tamagotchi breeding system, users can breed their own virtual pets and earn TAMA through play.

When it debuted in 2022, the project immediately attracted the attention of investors and drove the pre-sale price to double its previous value. The original ecology that Tamadoge belongs to has ensured that it continues to be popular even after the initial excitement has worn off.

The special features of Tamadoge: 

• Iconic: TAMA is based on the popular Dogecoin & virtual pet Tamagotchi from 1996.
• Versatile Coin: For virtual Tamagotchi pets, in-game items & other online assets.
• Secure: The Tamadoge blockchain is based on the Ethereum network and uses smart contracts.

The developers at TAMA want to release a VR app in the future, and the core game already comes with two additional games. It’s like Pokémon Go, only in DeFi!

In the presale, which closed in September 2022, Tamadoge raised $15 million. TAMA hit its all-time high of $0.20 and is now worth around $0.0111. The initial hype surrounding TAMA may have died down, but the project is still in its early stages and many exciting new features are still to come.

14. Battle Infinity Coin – A DeFi Token with P2E Function, and Staking

Battle Infinity is a brand new Play2Earn gaming platform with multiple games integrated into the metaverse called Battle Arena. In Battle Infinity, gamers can not only play and fight but also fully enjoy the experience of the Metaverse world. Thanks to its clever concept, Battle Infinity also made it into our list of the best Metaverse coins.

It is fair to compare this project with Tamadoge. Despite all the ambitious plans, the price of the IBAT token has gradually fallen after the initial burst of excitement. Here you can find out more about the Battle Infinity project and the advantages and disadvantages of investing in IBAT. For every hardcore gamer who likes shooting games and wants to invest in DeFi coins, Battle Infinity offers many exciting features.

The special features of Battle Infinity:

• Innovative: World’s 1st decentralized NFT blockchain-based fantasy sports game with Metaverse.
• Metaverse Experience: IBAT creates a unique avatar experience & enables upgrades.
• Multiplayer Game Store: Players get access to multiple NFT-based games.

In the IBAT Battle Arena, players have their own unique avatar that they can upgrade in the IBAT Battle Market. For example, upgrades can include everything from clothing to hair.

IBAT is the project’s own token that can be used in exchange for rewards from the platform. The token removes all boundaries between traditional gaming and the metaversion/blockchain by connecting the two. It is a utility token that runs on the Binance Smart Chain network based on the BEP-20 protocol.

A decentralized DeFi crypto exchange that functions like a bank on the platform allows new users to purchase IBAT tokens directly. Due to its novel approach, the project quickly attracted DeFi and crypto fans. The tokens were already sold out 65 days before the planned end of the presale. The IBAT token held up well despite its falling value.

On August 30, 2022, just a few days after the project began, the price of a single IBAT token reached a high of $0.005538. There is a maximum of 10 billion IBAT that can ever be created, and 32% of that amount (according to the company) is already in circulation. The current price for Battle Infinity is $0.000504.

15. Avalanche – A Crypto Network With Smart Contracts

Avalanche is a blockchain platform that aims to solve the trilemma of scalability, security, and decentralization thanks to its unique Proof of Stake (PoS) mechanism. According to its own information, it is the fastest in the blockchain industry with a transaction speed of over 4,500 TPS. Because of this innovative approach, Avalanche was once dubbed the “Ethereum Killer.”

Instead of relying on a single blockchain, transactions are processed across three separate chains (C-Chain, X-Chain, and P-Chain). Network validators rely heavily on the P-Chain, while transactions in AVAX (the native Avalanche coin) take place on the X-Chain, and Web3 and DeFi currencies are processed on the C-Chain.

The special features of Avalanche: 

• Exchange Chain (X-Chain): Assets can be created & exchanged here.
• Smart Contracts: Contract Chain (C-Chain) enables the creation and execution of smart contracts.
• Versatile Platform: Coordinates validators and enables creation and management of subnets.

Avalanche, unlike the other new cryptos discussed above, is not a purpose-built DeFi project. Instead, it is a framework for developing and releasing DeFi initiatives.

So how is Avalanche different from other cryptocurrencies like Ethereum and Cardano? Among the many factors that contributed to AVAX’s inclusion on this list is the potential use of its novel consensus mechanism based on the directed acyclic graph (DAG) protocol.

Additionally, AVAX has a great burning mechanism that destroys all fees that the Avalanche community would otherwise receive. For this reason, it is still considered one of the best DeFi cryptocurrencies.

The project reached its zenith in 2021 when several P2E games and other Web3 apps were added to the network. AVAX is currently trading at around $13.5, but as it is a popular and highly volatile asset, this price is expected to change soon. On November 21, 2021, AVAX hit a record high of $146.22.

16. Uniswap – A Large Crypto Exchange With Its Own DeFi Coin

Uniswap is an Ethereum-based decentralized crypto exchange. Users can trade cryptocurrencies directly with each other without the need for an intermediary party. Instead, Uniswap relies on a mathematical formula implemented in an automated market maker system (AMM) to determine the value of assets.

Uniswap users can act as liquidity providers by placing paired cryptocurrency holdings into liquidity pools in exchange for LP tokens. The price of a pool is based on a constant product formula that finds a middle ground between the two assets.

The special features of Uniswap:

• Unique liquidity pool model: Higher liquidity with low transaction fees.
• Decentralized Governance: UNI token holders have voting power on platform decisions.
• Convenient ecosystem: Direct access to various DeFi services & applications.

Although Uniswap’s native token reached a maximum value of $44.97 in May 2021, it is currently trading at $5.3. There are a total of 1,000,000,000 UNI that can ever be created for circulation, with 57.7% currently in circulation.

Uniswap remains the first choice for many traders due to its innovative process. With a market capitalization of over $3 billion, the company is one of the top companies in the world.

When it launched, Uniswap was widely considered the best DeFi project, but other options emerged shortly after. Since it is still a prominent DeFi cryptocurrency held by tens of thousands of investors, UNI should be considered when making investment decisions.

What are DeFi Coins?

DeFi coins are cryptocurrencies with a future. Because they were developed specifically for use in the decentralized financial sector. But what exactly is DeFi and how does DeFi work?

The term DeFi stands for “Decentralized Finance” and describes financial services and products that are based on blockchain technology and do not require traditional financial intermediaries. Instead of relying on the services of banks, exchanges, and insurance companies, users can conduct financial transactions directly with each other.

For example, you can trade with one another or lend money to one another. DeFi transactions are processed automatically via so-called smart contracts, which set the rules for such transactions. The control of a DeFi ecosystem runs through tokens.

Unlike traditional cryptocurrencies, which are often used as digital cash, DeFi coins are designed to play an important role within DeFi protocols.

DeFi Coins Can Be Used in a Variety of Ways

DeFi coins enable participation in DeFi protocols, serve as a means of payment for transaction fees, and provide liquidity in DeFi markets. Additionally, DeFi coins can be traded like traditional cryptocurrencies as a means of value transfer and investment.

The exact features vary depending on the protocol, which is why it is important to find out about the specific characteristics of a project before using DeFi coins.

The way you purchase DeFi coins can also vary depending on the protocol. Some coins can be actively acquired by providing liquidity to DeFi protocols or participating in certain activities, while other coins are held passively and may earn rewards through staking or other mechanisms.

A comparison to a farmer growing crops and profiting from his land illustrates the concept well: Similar to the farmer profiting from his agricultural activities, holders of DeFi coins also reap the fruits of the DeFi protocols to which they are tied. These rewards can be distributed in the form of additional coins, staking returns, or other benefits.

DeFi Coins Don’t Just Offer Opportunities

Not only do DeFi coins offer holders expanded access to the DeFi ecosystem, but they also have the potential to offer higher returns than traditional investments. Since the DeFi ecosystem is still relatively young and dynamic, there are a variety of opportunities to benefit from the developments and innovations in this area.

However, it is important to emphasize that DeFi also comes with risks. DeFi protocols can be at risk from smart contract bugs or security vulnerability attacks. And of course that can lead to financial losses.

We therefore advise you to thoroughly inform yourself about the risks and security precautions before using DeFi platforms and investing in DeFi coins.

Overall, however, DeFi coins offer an exciting opportunity to participate in the emerging decentralized finance sector and benefit from its potential. However, always check the general conditions before investing and proceed with caution in order to minimize the risks and increase the chances of long-term success.

Do Not Confuse With DeFi Coin (DEFC)

What is a bit irritating for some is that there is also a cryptocurrency with the same name: the DeFi Coin. This DEFC token became known through its own decentralized exchange DeFi Swap.

The DEFC token launched in 2021, is based on the Binance Smart Chain and was founded by Scott Ryder. The market capitalization is 38 million US dollars.

How Do DeFi Crypto Coins Work?

DeFi crypto coins work on the blockchain and are specifically designed for use in decentralized financial apps. Users receive decentralized and secure access to banking services such as loans, insurance, and investments.

Security is ensured by blockchain technology and the use of smart contracts. Smart contracts are self-executing contracts that process transactions automatically and immutably.

Human errors and manipulations can thus be successfully minimized. Because DeFi platforms are decentralized, they are less vulnerable to key vulnerabilities and offer greater resilience against hacking and fraud attempts.

There are different DeFi cryptocurrencies. Each DeFi coin has its own functions and characteristics in the broad spectrum of the decentralized finance sector. Ethereum – one of the most popular DeFi tokens – was developed specifically for decentralized applications.

Chainlink and Uniswap, on the other hand, facilitate trading and liquidity. Although Ethereum and Cardano are not technically DeFi platforms, they are still home to a number of well-known DeFi initiatives.

DeFi Coin Forecast

DeFi projects have seen amazing growth in recent years, which has piqued investor interest. Nevertheless, the future price development of DeFi coins in the decentralized financial sector cannot be predicted precisely.

This is particularly due to the volatile nature of the crypto market. The prices of DeFi coins can fluctuate widely as they are influenced by various factors such as market trends, technological developments, regulatory events, and general interest in DeFi platforms.

According to experts, DeFi will continue to play an important role in the future as traditional financial services are revolutionized. This attracts more and more users. Various methods and analysis tools can help create price forecasts for DeFi coins.

However, you should always trade with caution – the price movements of DeFi coins are unpredictable and can quickly go both up and down. At best, you consult various sources and make an informed decision when making DeFi Coin predictions to invest.

What are the Advantages of DeFi Cryptocurrencies?

Now the time has come for you to find out what happens when you invest in DeFi coins in our Buy DeFi Coins guide. The many benefits of DeFi cryptocurrencies include:

• Decentralization: The DeFi crypto network is decentralized, meaning it is not controlled by a single organization. By cutting out middlemen such as banks, governments, and financial organizations, this feature increases trust and transparency.
• Flexibility: Financial services such as lending, borrowing, and investing are becoming more versatile with DeFi crypto. Users can also develop their own customized financial services and solutions.
• Many uses: There are numerous apps for DeFi and cryptocurrencies, and we have only just scratched the surface if you want to invest money in DeFi coins. From ecological research to video games that involve players engaging with their environment, there is no shortage of creative apps.
• Security: The blockchain technology used to secure DeFi cryptocurrencies creates an immutable and public ledger of all transactions. This reduces the chances of falling victim to online fraud, hacking, or other cybercrime.
• Advantage for early starters: Easy-to-use DeFi cryptos can pay off if you act quickly and invest in promising pre-seed and early-stage companies.

What is a DeFi Wallet?

In order to manage DeFi coins and access decentralized finance services and products, you must open a decentralized account. This means you need a DeFi wallet. Such a decentralized crypto wallet allows you to securely store, receive, and send your DeFi coins, as well as participate in various DeFi protocols.

There are different types of DeFi wallets including web wallets, desktop wallets, and hardware wallets. Some DeFi wallets also support interaction with DeFi platforms, allowing users to access DeFi services, such as providing liquidity or staking coins, directly from the wallet.

You can purchase DeFi coins from the following providers, for example:

• MEXC
• Binance
• Trust wallet
• MetaMask

The security aspect of a DeFi wallet is of great importance because DeFi transactions are immutable and there is no central authority that can reverse losses. Therefore, when choosing a DeFi wallet, you should pay attention to the security features, support for various DeFi coins and DeFi services, and user-friendliness.

Additionally, you should keep your private keys safe to prevent unauthorized access to your DeFi coins.

Buy DeFi Coin – Instructions

Here is a detailed guide on how to buy DeFi tokens.

• Step 1: Choose an exchange for your cryptocurrencies
  Find a trustworthy platform that serves the Philippine market and enables trading in DeFi coins. Binance, MEXC, and Coinbase are the winners of our crypto exchange comparison, where you can buy DeFi coins online.
• Step 2: Create an account
  Create a username and password to access the platform after logging in with your email address. You may be required to provide proof of your address and identity before your registration can be completed.
• Step 3: Deposit funds
  Most markets allow you to fund your trading account via bank transfer, credit card or through an online payment provider such as PayPal. Direct Bitcoin deposits are also possible on certain websites.
• Step 4: Buy DeFi Coins
  Once your exchange account is funded, you can purchase DeFi coins by going to the trading section and searching for the DeFi coin trading pair (e.g. DEFI/EUR, DEFI/BTC). Enter the number of DeFi coins you want to exchange and carry out the trade.
• Step 5: Store your DeFi coins
  Keep your DeFi coins safe by storing them in a wallet. Both hardware wallets such as Ledger and Trezor as well as software wallets such as MetaMask and Trust Wallet are available.

What is DeFi Coin Mining?

DeFi coin mining is about so-called liquidity mining. It is a process by which cryptocurrencies can be staked in DeFi protocols to earn returns.

Users contribute their held coins to a pool on a decentralized exchange, thereby providing liquidity in a DeFi project. In return, they receive rewards in the form of additional coins or tokens from the project. These rewards can be paid out at regular intervals or upon reaching certain milestones.

DeFi mining is a very popular method of earning additional profits from held cryptocurrencies. But it also carries risks as returns depend on various factors, including the volatility of the DeFi market and possible security risks in the DeFi protocols. Always do thorough research and only use DeFi coins that you can afford to lose.

What is DeFi Coin Staking?

DeFi coin staking is another interesting way to generate additional income. With DeFi staking, DeFi coins are made available in a DeFi protocol to stabilize the network and ensure security. You become a validator, so to speak.

If new tokens are subsequently validated by the blockchain, you receive rewards in the form of coins in return and can generate passive income.

Typically, DeFi staking rewards are lower than those of DeFi mining because mining requires a significant amount of computing power. This results in miners competing for a larger reward pool, while staking is a less computationally intensive activity and therefore tends to offer smaller rewards.

Nevertheless, DeFi staking, like mining, can seem attractive because of the potential to benefit from returns. However, this method also involves high risks that the crypto markets bring with them (e.g. errors in the smart contract).

Are DeFi Coins a Good Investment?

Do you want to invest in DeFi and are wondering whether it is worth buying DeFi coins? Well, DeFi crypto investments are the same as Bitcoin or other cryptocurrency investments. Due to the large potential for loss, every investment should be carefully examined.

To stay informed and make informed decisions, it is also important to follow industry developments and news.

Our team has chosen to save you time and effort by researching and identifying promising DeFi coins with potential. Also, remember that investing in DeFi cryptocurrencies is a very individual decision.

DeFi Coins With Potential

These DeFi coins have the best potential for the coming years:

Rank	DeFi Coin	Potential
1.	Wall Street Memes	99%
2.	Launchpad XYZ	98%
3.	yPredict	98%
4.	AIDoge	97%
5.	EcoTerra	95%

Are DeFi Coins Safe?

The blockchain technology on which DeFi protocols are based is very secure and transparent.

There have been cases of hacking and other security breaches, but DeFi protocols are still new and unproven. It is important to carefully examine the potential downsides of DeFi initiatives before investing capital in them.

However, the prospect of high investment returns makes many people believe that the risks associated with DeFi protocols are worth it. The more people use DeFi protocols, the more likely any vulnerabilities are to be discovered and fixed quickly.

Remember that there is no sure return in the DeFi sector, regardless of the quality of the project. While the DeFi coin market had a high in 2021-2022, it has been somewhat stagnant since then. Even if a project has revolutionary potential now, it could be overshadowed by a larger and better DeFi project in the future. This is why it is important for cryptocurrency traders to stay informed.

Is Buying DeFi Coins Legal For Filipinos?

Buying DeFi coins in the Philippines is by no means a problem. The financial authorities in the Philippines have officially recognized cryptocurrencies such as DeFi Coins as legitimate means of exchange. To further promote cryptocurrencies, the country updated its banking law in 2019 and classified them as financial instruments.

However, for tax purposes, it is important to report all crypto transactions in accordance with applicable regulations. If you hold onto DeFi coins for more than a year before selling them, you will not have to pay capital gains tax on the proceeds. This is in line with tax legislation. Capital gains tax may be due on profits from a sale within a year.

Crypto exchanges and wallet providers are subject to AML and KYC requirements and must be licensed by the Federal Financial Supervisory Authority (BaFin). In this way, purchasing, trading, and holding DeFi coins can take place in a safe and legal atmosphere.

If you want to be sure that your cryptocurrency investments are legal in the Philippines, you should speak to a tax professional.

Conclusion – Does Investing in DeFi Coins Make Sense?

These DeFi tokens are an excellent implementation of the decentralized financial system. Users can access financial services in a secure, transparent, and trustworthy way that is not dependent on a single institution.

Many predict that DeFi will radically change the way people everywhere interact with money. While that is true, the most promising DeFi tokens are likely to cause disruption in other markets as well.

As you can see, some of our top picks for the most exciting DeFi cryptos to keep an eye on in 2024 are games that use cryptocurrencies as a means of payment.

It can be said that there are a lot of smart minds who are thinking about how to use DeFi, cryptos, and their features, such as DeFi coins tokenomics. Who knows what the future holds for Bitcoin Minetrix or SpongeV2?