A recent statista from Statista showed that 30% of America’s wealth is shared by 90% of the population while the remaining 10% owns the remaining 60%. As shocking as it may sound, the above statistic is applicable in many jurisdictions around the world. In Africa and many Asian countries, there is a huge gap between the rich and the poor.
How can crypto help reduce the global gap between rich and poor? This article explains in depth why we think crypto is the best choice to deal with this situation. Additionally, we will learn about a new GryffinDAO token and see how it can help combat the situation alongside major cryptocurrencies Shiba Inu and Tron.
Crypto and the Global Traditional Financial System
One thing you may notice about the traditional financial system is the segregation inflicted on many low income citizens, as such you may need to have a certain amount in your account or a certain value of assets to be able to access certain benefits such as loans, grants, high deposit savings, among others.
How Crypto Solves the Wealth Gap Globally
Cryptocurrency welcomes the decentralization of the traditional financial system, allowing virtually anyone with asset value to mine resources and profit more than an average savings account. Decentralization and anonymity have made many people enjoy the internet more than ever before.
Here are some of the ways crypto bridges the wealth gap between people:
1/ Easy access to financial tools
High net worth individuals have strong ties to the bank and can access financial resources and forex expert advice whenever they want. Crypto makes this option available to everyone, regardless of their financial power on the internet. Anyone can create a trading book and access crypto trading tools without the need for a third-party broker and financial advisor.
2/ Profitable savings model
Protocols such as GryffinDAO and TronDAO can generate interest rates of up to 20% when holders lock their respective tokens for network transaction validation. Depending on the savings package involved, bank savings will generate 5% to 10%.
Crypto is also flexible and has many savings options, including yield farming, soft and hard stacking, and cash mining, where you earn interest by securing the integrity of a DEX and of a liquidity pool using crypto assets. Some DeFi protocols allow users to use their staked tokens to earn more within their ecosystem.
3/ Anonymous transactions
Monero is popular for its anonymity. Crypto generally uses the blockchain anonymity framework of hashes and alphanumeric addresses that cannot be easily traced to anyone.
For this reason, many dark web companies have not yet been caught by authorities for using cryptocurrencies. Anonymity gives crypto traders and users confidence and a sense of security while conducting their business online.
4/ Easy access to liquidity pools
Anyone, regardless of income, can contribute to a protocol’s liquidity and earn interest rates accordingly as they stake. Tron provides a soft staking model where users stake pegged tokens on Tron while spending them. This shows how much flexibility and transparency crypto can offer anyone.
5/ Borderless payment method
Freelancers can agree that receiving payments has never been easier with money services like PayPal, Western Union, SWIFT, and more. In the worst case, PayPal is notorious for blocking accounts that go slightly against its policies. Also, many jurisdictions like North Korea and China do not allow the services of some of these money/onramp services. This is where cryptocurrencies can work.
Borderless crypto transactions have even improved through the integration of Ripple using the XRP token. Currently, freelancers and remote workers can receive or send payments at insignificant costs across borders using crypto.
Cryptocurrencies Cross Borders
Shiba Inu (SHIB) is an ecosystem of meme tokens portraying themselves as the Doge Killer. SHIB has given more money to people than many charities globally, generating over 751,804.72% (as of August 2022) since its introduction in 2020. Anyone who bought $100 worth of SHIB when it launched in August 2020 will be around $75 million today. It’s crazy !
Tron is another ecosystem leading a decentralized internet. Tron pushes its ambition by using the TRX token. Creators can monetize their online businesses and projects by simply holding TRX. Also, anyone can earn online by staking Tron (TRX) in any supported DeFi wallet. Tron is also one of the fastest growing networks in the web3 space and has surpassed 1 million wallets since its launch in 2018.
GryffinDAO, although a relative newcomer, is gaining popularity in DeFi. It has already received endorsements from popular brands in the DeFi and traditional business industry, including The Guardian and Economic Times.
What is GryffinDAO?
GryffinDAO is a DAO-led ecosystem that seeks to make decentralized finance available globally. The team has been working tirelessly to make DeFi transparent, and this would be possible thanks to GryffinDAO’s native GDAO coin. In the words of the developers:
“Our mission is to change the international financial landscape that has proven to be intrusive and costly for users, by creating a democratic system through the DAO that empowers users to take part in all critical platform decisions. , including future implementations and fee structures. »
What GryffinDAO offers:
Cross-chain, secure, fast and low-cost transactions are some of the main priorities of the GryffinDAO protocol. Anyone with the GDAO token can participate in governance and support other protocols running on GryffinDAO.
GryffinDAO will support many products and features, including an NFT marketplace, cross-chain DEX, lottery, wiretap payment system, and Metaverse integrations.
GryffinDAO is about to disrupt the traditional financial system and close the wealth gap between different economies around the world. To become a DAO member, all you have to do is purchase and add the GryffinDAO (GDAO) token to your wallet.
Here are the steps to buy the GDAO token:
First step — pre-sale purchase
GryffinDAO organizes a pre-sale planned in 3 stages. The presale is spiced up with so many bonuses, which could stack up to 1000% the more tokens and referrals you buy you bring to the presale.
You can easily register for the presale and make your first purchase using all popular cryptocurrencies such as BTC, ETH, USDT, LTC, XRP and BNB. Each comes with a sign-up bonus that can also stack the more GDAO coins you buy.
You can find the presale information immediately when you open GryffinDAO official website: GryffinDAO.com. The link to the presale registration portal can be displayed in the red button in the upper right corner of your desktop screen.
After clicking on the “Enter presale” button, you will be redirected to the registration portal, where you will need to enter your basic information and the token with which you wish to purchase the GDAO tokens. Also, you must specify the amount you wish to buy at this point to receive the associated bonus that comes with the prize.
The starting price for the GryffinDAO presale is $250, after which you can buy as many tokens as you want. Remember, the more tokens you buy, the more bonuses and cashback you earn.
Step 2 — purchase by public sale
GryffinDAO will launch its native coin to the public immediately after the presale. However, there may not be any additional benefits except for staking and cash mining, which are also included in presale bonuses.
You can purchase the token through a DEX such as PancakeSwap or GryffinDAO’s DEX pool. You can also earn GDAO as LP tokens on its liquidity pool.