Cryption offers an all-in-one-place dApp, along with its token

Cryption Network launched its new utility token today. A total of 1,458,333 CNTs are available for sale, and the price is $0.12 per token. The company aims to raise $175,000 with the trade.

Cryption is a relatively new project, but it has already attracted attention due to its services. DeFi is an intimidating space for a beginner investor. It also has great potential, but those getting started are confronted with an endless array of Liquidity and Pools Yield Generators to invest in. In addition, there are also a huge number of pitfalls in DeFi. Traders have to be aware of rug pulls, hacks, and other scams. As a result, new investors can easily lose all their funds due to being uneducated about the dangers.

This problem is especially critical when it comes to making Decentralized Finance mainstream. Most mainstream investors are used to investing their portfolios through simple apps with all the functions in one place. However, this type of service is currently rare in DeFi.

That is a massive obstacle to DeFi becoming truly mainstream. While DeFi needs more users to become mainstream, people need all of their DeFi services in one place at first to choose using it.

Cryption decided to fill this gap. The company works to provide a suite of simplified DeFi services. According to Cryption, all of these services will be available through a simple app, which will make the world of DeFi as accessible as possible.

How does it work?

Cryption will have the products available on its Network. So, retailer investors will be able to avail themselves of all the benefits of DeFi easily. Furthermore, the Cryption App will serve as a wallet, as well as a means to access all of these products. The Cryption App is a DApp browser for both the Ethereum and Polygon ecosystems.

There is also PolyDEX, which is the automatic market maker of The Cryption Network. PolyDEX uses an L2 solution. As a result, it delivers zero gas fees. Besides, it features an L1-L2 bridge. The latter allows liquidity to be transferred from Ethereum to Matic.