Crypto projects in India like JUST, Golem, Cheelee, Frax Protocol and Clearpool are growing rapidly in the crypto space. JUST is a decentralized finance (DeFi) platform based on the TRON Blockchain. Golem Community provides the computing power for AI, while Cheelee is a GameFi short video platform that gives users the opportunity to earn while watching the feed. Frax Protocol offers a fractional-algorithmic stablecoin system and Clearpool allows institutional users to get unsecured loans from DeFi.
Very best Crypto Venture in Republic of Indiathese are Confident Crypto Tasks
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JUST
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Golem
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Cheelee
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Frax Protocol
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Clearpool
JUST
JUST is a popular decentralized finance (DeFi) ecosystem based on the TRON Blockchain. It primarily centers around JustStable, a decentralized stablecoin lending platform. The platform debuted with an IEO on Poloniex LaunchBase in August 2020. It is a two-token ecosystem consisting of USDJ (a multi-collateral stablecoin) and JST (governance token), which serve for interest, stability fees, and governance.
Golem
Golem Community is an open-source, decentralized computing platform that is building an ecosystem to provide computing power to the AI industry. It is a peer-to-peer marketplace where users exchange GLM Tokens in exchange for their unused computing resources. Golem divides tasks into smaller subtasks and distributes them across different providers, increasing efficiency and speed through parallel processing.
Cheelee
Cheelee, which was launched by NUTSon in February 2023, is a GameFi short video platform that adopts the Consideration Financial system. Users earn by watching the feed. Cheelee is fully functional, plus it can be downloaded from App Bind and Google Play games. All users on the platform get free NFT-Glasses, and earnings can be increased with rarer NFTs and gaming tools. CHEEL and LEE Tokens are used for various features on the platform.
Frax Protocol
Manage Crypto Tasks Frax Protocol is the first fractional-algorithmic stablecoin system based on Ethereum. It is open-source, permissionless, and completely on-chain. Part of the supply in Frax is backed by collateral, while part is algorithmic. The protocol adjusts the collateral ratio to keep the FRAX price around $1. Frax Stocks (FXS) is a governance token that earns fees and extra collateral value.
Clearpool
Clearpool is a Decentralized Capital Markets Ecosystem that supports institutional
Allows institutional users to obtain loans without any security directly from the DeFi ecosystem. Clearpool’s dynamic interest model is based on market supply and demand. CPOOL, Clearpool’s utility and governance token, is awarded as additional rewards. CPOOL Holders will vote on the whitelisting of new borrowers and will be eligible to earn additional CPOOL rewards.
Conclusion
Cryptocurrency and blockchain based projects are developing rapidly in India. Projects like JUST, Golem, Cheelee, Frax Protocol, and Clearpool are playing important roles in DeFi and other tech sectors. These projects not only symbolize innovation, but also provide an opportunity to make crypto and blockchain accessible to more users. The success of these projects in the future is likely to lead to further growth in the crypto and DeFi sector in India.
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