We are in the midst of historical changes to the current economic system. The function of centralized banks and financial institutions is being transformed by ordinary people using their technologies (computers, mobile phones, and tablets). At the same time, the blockchain technology is transforming how we think about, interact with, and use money.
The use of technology in financial services is not new. In today’s banking and financial services industry, technology drives the bulk of transactions. However, technology’s role in such transactions is limited to that of a facilitator. In order to complete a transaction, companies must still traverse the legalese of numerous jurisdictions, competing financial markets, and differing standards. DeFi puts technology at the forefront of financial transactions with a stack of common software protocols and public blockchains on which to construct them.
Through decentralized finance, people now have the power to manage their assets in a new way, swiftly and affordably, and to keep their riches safe from the control of the few. This is especially beneficial in emerging countries or countries with poor levels of democracy.
A fair regulation is obviously needed but it is just a matter of time.
Our objective with the Nemesis Wealth Projects is to develop software and apps that make DeFi more accessible.
A significant portion of the Total Supply has been set aside to support and grow the NMS Nemesis Community.
This will cover significant marketing costs such as hiring competent crypto managers, social activists, shillers, influencers, and administrators, as well as advertising and web feature development. The fund for this activity has already been set aside, and it represents 3.33% of the total supply.
Given that a significant portion of our total supply is set aside to cover marketing costs, why should you invest in the $NMS Token or become a part of our cryptocurrency community. Most crypto enthusiasts who have invested in our project understand that there is an increased demand for our token, and it provides a bright future for investment, as well as easy access to the DeFi space.
One of the concerns cited by our investorsabout investing in cryptocurrency is that they will be “too late” or “skip the boat.” The total number of Bitcoins available is limited to 21 million, and the price of Bitcoin has now crossed $40,000. However, the supply is currently expanding rapidly. The pandemic has put a halt to most manufacturing operations. As a result, a lot of money is flooding into this sector. Cryptocurrencies have a long way to go before they become mainstream. Even so, following the policy wave, the intrinsic worth of a cryptocurrency is what truly makes it shine.
The long-term prospects of the cryptocurrency space are even brighter. That is one of the reasons why investing in 2021 is a good option. Let’s look at the Bitcoin journey, for example. Bitcoin has gone down in history for having numerous ups and downs. It does, however, continue to thrive in the present day.
A number of significant institutions, like MicroStrategy and Grayscale, are buying Bitcoin reserves on a regular basis. This is because leading specialists believe that the future of this industry is bright.
Many people thought the exponential rise in the value of Bitcoin and other altcoins was unsustainable in Q4 2017. However, taking two steps ahead requires taking one step back. Bitcoin gathered value throughout the bear market era, which is when it made the leap to its current position in the market.
Technology is at the heart of all cryptocurrencies, and the potential of Blockchain technology is enormous. Blockchain has the potential to transform all of these industries. From travel to real estate to games, there’s something for everyone. Security, transparency, and safety are just a few of the benefits that have made Blockchain the key to future success. Since Blockchain is more widely utilized, cryptocurrencies that run on the Blockchain are growing in value. Bitcoin, on the other hand, deserves a place in investors’ portfolios because of its basic technology.
The fifth reason why crypto enthusiasts have joined the market is its easy access. In 2010, if someone wanted to buy Bitcoin, they would almost certainly give up. To begin with, computers were still slow at the time, and there were few supporting platforms. Secondly, wallets were difficult to come by and had a reputation for being unsafe. Buying cryptocurrency was difficult; keeping was even more difficult. Investing in Bitcoin and other cryptocurrencies is now as easy as installing an app on your smartphone. Many units are now accepting cryptocurrency transactions. Additionally, the exchanges are really diverse. Carrying out a transaction only requires a few mouse clicks or finger swipes. Today, anyone can own cryptocurrency.
Most importantly, cryptocurrency is becoming legal tender in many countries. As of February 2020, Bitcoin was already legal in the United States, Japan, the United Kingdom, and many other nations. While many countries have placed restrictions on the use of cryptocurrencies, the crypto space is gaining widespread acceptance and applications.
Overall, it’s critical to examine the legal status of the cryptocurrency space in each individual country. However, as the financial system evolves, the likelihood of crypto becoming a legally recognized form of payment is increasing.
We plan to release advanced and innovative products through our website in the coming years, providing a new, friendly, and simple way to purchase digital currencies. Our project was created with the goal of bringing as many ordinary people and small investors into DeFi as possible, moving them away from “traditional” finance and savings.
Our offerings will range from Savings Tokens and Utility Tokens to Experimental Meme Coins, mainly oriented towards Arts & Charity use-cases. Each token will support the other with our most valuable tokens holding up the ones that still need time to appreciate in value. As with a community, all our tokens are meant to sustain, increase, and protect each other through faith and truth.
Since the cryptocurrency space emerged, users have begun to enjoy considerably more hassle-free transactions without verification or lengthy KYC procedures.In order to buy or sell cryptocurrency, users simply need to complete a basic sign-up process that does require them to prove their identity or the source of their funds, among other things. Even the crypto trading sector has been simplified by DEX by removing the sign-up process. Users can now trade their assets directly from their wallets, completing transactions in a matter of seconds while maintaining complete anonymity and security.
DeFi is an open, global financial system developed for the internet age, as opposed to an opaque, tightly controlled system kept together by decades-old infrastructure and practices. It provides others with access to and control over your money. It also exposes them to global markets and provides them with alternatives to their local currency and banking options. DeFi products allow anyone with an internet connection to access financial services, and they are mostly owned and maintained by their customers. DeFi applications have already processed tens of billions of dollars in cryptocurrency, and the number is growing every day.
DeFi has the potential to solve several problems that exist within the current financial ecosystem. Some of these problems include: people being denied access to set up a bank account or use financial services; inability to work or receive payments due to lack of access to financial services; the hidden cost of a person’s personal data; markets being shut down arbitrarily by governments and centralized entities; trading hours being restricted to the business hours at a specific time zone; internal human operations causing money transfers to take days; and financial services commanding a premium because they require a “cut.”
In many respects, Bitcoin was the first DeFi application. Bitcoin allows people to truly own and manage wealth while also allowing them to send funds anywhere in the world. It accomplishes this by creating trust between a big group of people by helping them to agree on a ledger of accounts without the requirement for a third party. Anyone can use Bitcoin, and no one has the power to change its rules. The laws of Bitcoin, such as those that create scarcity and openness, are encoded into the technology. It’s not like traditional finance, where governments may issue money and firms can shut down markets, devaluing your savings.
Ethereum is built on similar rules. The rules can’t be changed by a person, and everyone has access, just as with Bitcoin. Additionally, leveraging smart contracts also makes this digital money programmable, allowing it to do more than just store and distribute value.
At the moment, most financial services have a decentralized alternative. However, Ethereum opens the door to the creation of a whole new suite of financial instruments. This is a constantly growing list. At the moment, people can send and stream money around the globe, access stable currencies, borrow funds with collateral, start crypto savings, trade tokens, grow and manage their portfolios, fund their ideas, and buy insurance.
Ethereum, as a blockchain, is designed to conduct transactions worldwide in a secure manner. Just like Bitcoin, Ethereum makes transmitting money all over the world as simple as sending an email. Users simply enter the recipient’s ENS name (such as bob.eth) or their wallet account address, and their payment is usually sent directly to the recipient in minutes. A user requires a wallet first in order to send or receive payments. Additionally, users can also use Ethereum to stream money. This allows them to pay people easily, providing them with immediate access to their funds. If a user doesn’t want to send or broadcast ETH because of its volatile value, they can use stable coins– Ethereum’s alternative currencies.
Volatility in cryptocurrencies is a problem for many financial products and everyday spending. Stable coins were developed by the DeFi community to solve this problem. Their value is fixed in relation to another asset, usually a popular currency such as the US dollar.
You can use two methods to borrow funds from decentralized providers: peer-to-peer, wheresomeone borrows from a specific lender directly; and pool-based, where lenders provide funds or liquidity to a pool that borrowers can draw from. There are quite a few advantages to using a decentralized lender. Firstly, today, everything about lending and borrowing money centers around the people involved. Before lending, banks must determine whether a person is likely to repay a loan. Decentralized lending operates without requiring either participant to reveal their identity. Instead, the borrower must put up collateral, which will be immediately transferred to the lender if the loan is not repaid. Some lenders even accept NFTs as collateral. An NFTfunctions as the deed to a one-of-a-kind item, such as a painting. This allows users to borrow money without having to go through a credit check or reveal personal information. Secondly, people who use a decentralized lender have access to currencies deposited all over the world, not only those held by their selected bank or organization. This increases lending availability and lowers interest rates. Moreover, borrowing allows consumers to get the money they need without selling their ETH (a taxable transaction). Instead, they can secure a stable coin loan with ETH as collateral. This provides people with the necessary cash flow while allowing them to maintain their ETH. Stable coins are tokens that don’t vary in value like ETH and are therefore preferable when people need cash.
Lastly, flash loans are a type of decentralized lending that allows people to borrow money without putting up any collateral or disclosing any personal information. They are currently inaccessible to people who aren’t tech savvy, but their existence hints at what may be possible in the future for everyone. Flash loans operate on the principle that the loan is obtained and repaid in the same transaction. If it is not repaid, the transaction is treated as if it never happened. Liquidity pools hold the money that is often used (big pools of funds used for borrowing). If they aren’t being utilized at the time, someone can borrow them, do business with them, and pay them back in full.
Our Integrity is the added value that the Nemesis Ecosystem offers, and this means long-term benefits for both $NMS and our community. Our goal is to create value that will be far more profitable in the long run.
We are not a speculative asset manufacturer, but rather a savings and service company. Our products are designed from the start to minimize devaluation and the danger of fraud. We believe that protecting the money of our investors will be the key to our success.
Our RoadMap is similar to a formal contract whose terms and conditions we will continue to meet over time.
We believe that our community ALWAYS deserves fair and precise communication, and we’ve built our platform to ensure this happens.
Nemesis uses its own website, www.nemesiswealthprojects.org (or www.nemesiscrypto.com), to provide services to the community. These services include the launch of new Tokens and Apps, evidence of monthly Burn transactions, Airdrop announcements, and market information.
The Nemesis website will gradually be updated with new features and apps. The creation of the Nemesis website will continue to be our primary goal in providing services to our investors.