LARGO COIN- PROVIDING SOLUTIONS TO THE CURRENT FINANCIAL SITUATION
Do you know why the number of unbanked populations around the globe keeps increasing? This is because financial institutions are no longer putting the interest of the people (customers) at their top priority. Traditional finance has lost its credibility and the trust people have in them, which have led to the increasing number of unbanked populations globally.
The current financial payment systems are faced with so many challenges because of their centralized nature. Lack of transparency, insecurity, and uninsured transaction deals have become the order of the day in trust dependent markets. Centralized markets or financial institutions are controlled by central authorities thereby making it impossible for individuals' financial sovereignty and independence.
We are in the digital age era, where blockchain technology now makes it possible to solve many problems that would have seemed impossible years ago. Through blockchain technology, the emergence of decentralized finance has lifted and given the world new hope. The overconfidence of financial institutions such as banks in terms of their centralized and greedy management has made the global financial situation very unstable and full of problems.
In order to salvage these situations, the world needs a decentralized finance and payment system that will save people from these embarrassing challenges caused by centralized finance. And one reliable platform that can provide the solutions to all these problems is the Largo Platform.
WHAT IS LARGO PLATFORM/COIN
Largo platform is a digital framework that uses Largo coin to solve the problems of centralized finance. Largo Coin is a decentralized financial instrument or tool that enables anyone to transact freely without limitation, at a very low or zero transaction fee and the transaction is instant without delay. Largo as a digital platform makes use of advanced technology as well as blockchain technology and cryptocurrencies. The platform makes use of escrow services, and once there is a transaction between a buyer and a seller on this platform escrow account is created immediately.
Unlike what is seen in off-platform escrow services, Largo platform provides the functionality necessary to verify the assets of transactions, monitor the validity and compliance of the transaction with the registered agreement as well as holding the tracking and shipment information and details within one easy to use interface. The escrow services provided by the Largo platform eliminate the dangers of dealing in a low environment. Furthermore, using Largo as a means of transfer makes transactions faster and at a low cost, in addition to that, every deal is made transparent to the parties involved.
Largo coin is a company that creates trust in every market which includes the kind of trade between its participants. It is a cryptocurrency that is used to guarantee the safety of deals between traders (buyers and sellers) transacting on the Largo platform. This coin is already traded on several cryptocurrency marketplaces, making it a liquid asset and also a convenient and reliable tool to secure deals with minimum risk.
Proof of stake consensus and stable emission algorithm are two features of Largo coin ensuring that there are no price spikes or sudden drop of this coin, thereby providing very significant financial benefits to parties that utilize Largo platform for deal insurance or escrow.
LARGO COIN- A POWERFUL DECENTRALISED FINANCIAL INSTRUMENT
Decentralized finance is used to describe a new financial system that is built on public blockchains, examples are Bitcoin and Ethereum. They are built on open source code and are supported by a distributed team of developers. That is to say that, anyone can easily review the code and verify it to make sure that it is working as described.
In addition to that, any change carried out in this code can be contributed by people sharing the same common goal all over the world, which makes it possible for people to do their transaction freely without restriction or limitations of a centralized system, hence putting an end to the involvement of third parties or middlemen.
As we can see above, centralized finance is controlled by a central authority, it is non-transparent and usually requires permission, unlike decentralized finance that is transparent and permissionless.
Largo Coin as a decentralized financial instrument is very similar to Bitcoin which is the world’s most spread and accepted cryptocurrency. But the good news is that Largo Coin intends to reach the mass occupation of the market soon. Largo Coin has the ability to pave the way for the mass adoption of cryptocurrency.
Unlike other cryptocurrencies that are only capable of solving the existing market issues but can have little or no recourse to mitigate the arising challenges of scalability and wider implementation, Largo Coin design is tailored to the purpose of being very much compatible with the current status of the market development as well as the needs that may arise in the future with the scale-up of the ecosystem.
LARGO COIN SOLUTION TO THE CURRENT CENTRALISED PAYMENT SYSTEM
Largo Coin provides the solution to the challenges encountered with centralized finance. These include:
HIGH LEVEL OF SECURITY: Anyone who values reliability and security will surely embrace Largo Coin. The robust infrastructure and economic incentivization of all the critical participants of its ecosystem have made Largo Coin second to none.
LOW TRANSACTION FEE: Unlike the centralized finance that charges excessive fees for every transaction, the transaction of Largo Coin involves little or no fee.
HIGH SPEED OF TRANSACTION: Most times transaction in centralized finance or system takes very long before it can be completed. Largo Coin cherishes time efficiency in transactions and provides instant transactions to everyone.
FINANCIAL INDEPENDENCE AND SOVEREIGNTY: With Largo Coin transactions are safe and independent, allowing everyone to freely transact without limitation or restriction. This is because its operation is not controlled by any central authority or government. Etc.
CONCLUSION
Crypto market may seem new but it is already promising, and Largo Coin as one of the leading products will surely take up a solid share of it due to the state-of-the-art technology that is powering it, coupled with an economic model which is meant to be sustainable even in an extremely volatile market.
Largo Coin is an ideal financial instrument for investors of any level of experience, because of its limited supply and masternode capability which are the fundamental factors driving the growth of its ecosystem. Accessibility is very much easier with Largo Coin than in Private finance, although Bitcoin laid down the foundation, Largo Coin has perfected the user experience to suit users no matter their skills and knowledge.
USEFUL LINKS:
Author: Mansonndubuisi
Bitcointalk Username: Mandez4real
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2792633
