This is a very important message. It is also something that we have to keep firmly planted in our minds.
For this reason, financial education is crucial. Here is where Leofinance needs to cement itself.
We have a really powerful platform shaping up. With some of the features and projects being added, we can easily see how this might be an epicenter for one's DeFi needs. Education and utility is what Leofinance is turning into.
Tokenization Changes Everything
When we add tokenization to the equation, everything changes. Anything that takes this path instantly has the potential to be an economy. Not only is there the component of whatever the application or game but now also a monetary one.
It is easy to see how this alters things.
Of course, this also adds an element of knowledge that is required. Most are not educated in this area. Globally, it appears school systems do not teach it and we know how little we get from our parents. In most cases, we model what they did, for better or worse. Sadly, it is often the latter.
Leofinance is putting together a library of information that deals with what people are going to confront. DeFi is growing along with the information contained on this platform.
In fact, one of the main motivations behind LeoGlossary was to bring the education to people. It is quickly turning into a powerful resource center. At present, there are almost 1,400 terms and phrases defined. This will only keep growing in number and depth.
Gaming, Social Media, And Online Activity
We are rapidly approaching a time where much of our online activity will be tokenized. Many call this Web 3.0. No matter what the title, it is likely that projects which do not have tokens and other digital assets tied to them will be ignored by users. There will come a point where, from a competitive standpoint, where it is tokenize or be left behind.
Now the question is what do people do with what they acquire? Here is where a lack of education can be fatal. What if someone does not know what a liquidity pool is? Or perhaps he or she doesn't know what is means to stake coins? This is where the education on Leofinance is so important.
So many aspect of the financial world are going to be intertwined into our everyday digital affairs. It is easy to grasp how we all are investors simply by engaging. Each time a token or coin is received in a wallet, there is a decision to make. What am I going to do with it?
The answer to this gets more difficult as things expand. Even within Leofinance, we are seeing the options grow. Do I stake LEO or swap it for CUB? Is Cubfinance the platform to support or do I go Polycub? As we can see, one token means I have 3 options in platforms, let alone the choices within each.
It can truly get overwhelming. Nevertheless, it is crucial that people not get frustrated and begin to understand what is going on. Failure to do so will ensure that one is left behind. Cryptocurrency and blockchain are only going to keep advancing. Web 3.0 is going to be upon us since it is an evolutionary phase of the Internet.
Leofinance is really starting to fill in and become a powerful resource for those who are just entering cryptocurrency.
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Posted Using LeoFinance Beta
