SINGAPORE, 31 August 2022 /PRNewswire/ — LOLLIPOPa non-profit decentralized autonomous organization that aims to create a more accessible and seamless environment for all users to use these NFT markets, has today announced its plans to introduce more user-centric features to its Decentralized Finance (DeFi).
Max Cohen, FinTech Strategy Advisor for LOLLIPOP
Since the emergence of blockchain technology and NFT, several players have entered the market to make money and financial gains. This prominent stance has made user experience and innovation secondary. Now with the industry facing a period of change, it is clear that technologies such as blockchain, DeFi and smart contracts will lead to unprecedented developments for Web3.
LOLLIPP Focuses on users
Onerous registration and transaction fees have always been one of the main barriers for general users when using crypto products. LOLLIPOP’s main goal is to break this barrier and make the platform as user-friendly as possible.
The focus on monetary gain has led companies to neglect the main purpose of innovation – to benefit society. The real value of an innovative product is when it can be used without problems by the general mass. Optimizing the user interface (UI) and user experience (UX) to make users’ lives easier has always been the pursuit of LOLLIPOP, even if it means looking outside the industry for inspiration.
“To create a world where the metaverse is accessible to everyone, it is important to build a user-friendly NFT marketplace for the entire population, not just engineers and the tech-savvy.” stock Max Cohen, FinTech Strategy Advisor for LOLLIPOP. This vision aligns with Max’s personal vision, making it a core reason for him to join the LOLLIPOP as one of its innovators.
LOLLIPOPS DeFi
LOLLIPOP began the year with the launch of its decentralized financial service. The service allows users to trade LOLLIPOP’s utility token – LPOP, as well as staking and auctioning.
Through staking, users can hold tokens, not unlike a locked bank deposit, to gain rewards over a set period of time. LOLLIPP holders have empirically enjoyed exponentially high interest rates so far. Auctions have also allowed users to purchase tokens at discounted prices. Interestingly, LOLLIPOP also offers an AirDrop feature that users can use to post and social media (Twitter) and earn rewards.
With a strong focus on improving the UI and UI, LOLLIPOP is looking to roll out a number of new features over the next few years. Coming soon is the farming feature which will benefit from the rise in popularity of gamification. Through this, users will be able to “farm” tokens and earn high rewards.
LOLLIPOP believes in creating a solution that not only provides monetary value, but also emotional and social value. Max further added, “Our pursuit of value creation is what led us to work towards creating a DeFi x NFT Interoperability Marketplace, where even new users can thrive.”
About LOLLIPS
LOLLIPOP is a new DeFi x NFT project that aims to allow users and creators of NFTs to freely exchange digital currencies on a cross-chain NFT marketplace. The platform seeks to offer the ultimate solutions for the creation, distribution and administration of NFTs. The team consists of engineers, scientists and other members based in different parts of the world who share a common vision.
Through its efforts, LOLLIPOP aims to integrate the various NFT markets around the world to create a more accessible and seamless environment for all users to use these NFT markets, and the project hopes to draw on its knowledge and expertise to transform today’s new, chaotic world into a world where all rights can be safeguarded.
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