GOGOcoin, How do they offer DeFi for everyone?

First and foremost what defines DeFi, aka Decentralized Finance?

By now you’ve probably heard of bitcoin, the pioneering cryptocurrency that was once used only by techies, and is now a household name. For newcomers, understanding Bitcoin, or any other Cryptocurrency, can be compared to reading a book in a foreign language without ever having heard that language before.

The link between bitcoin and other cryptocurrencies together is the formation of smart-contracts that serve as irreversible agreements of payments or transfers. With smart-contracts, once a transaction is made it cannot be reversed, and it becomes part of a public ledger that can be verified by anyone, anywhere(Though there are certain cryptocurrencies that work to hide these transactions, for the purpose of this article we won’t be discussing those).

Using smart-contracts, a person can send funds to someone around the world rather instantly, for a fraction of the cost of a traditional transfer, and without the use of middle men as is needed in traditional finance. The decentralized aspect of DeFi, is what allows these cryptocurrencies to exist without the worry of one person or institution deciding to disrupt these exchanges of funds.

For example, with centralized currencies such as the dollar, If the US government told the world that $1 bills will no longer be accepted as currency, the world would have no choice to accept this course of action and would stop accepting $1 dollar bills. With Decentralized Cryptocurrencies this cannot happen because the power is not held by a central authority. For decentralized currencies to be taken out of circulation, one would need to obtain the entire controlling stake, 100% of the currency.

Defi is ‘permissionless,’ and anyone with an uninhibited internet connection can interact with smart contracts using their crypto wallets without the need to spend precious time filling out forms or dealing with middlemen. These permissionless smart-contracts are revolutionary however they do not come without risk as they are also susceptible to bad actors and errors in code. In one instant you can lose all your assets by interacting with a faulty contract or deceitful individual…that is until GOGOcoin!

GOGOcoin, what does it do?

“GOGOcoin is building the world’s first non-custodial, decentralized asset manager with segregated funds on-chain.” Let’s break that sentence down…

Non-Custodial: meaning your assets never leave your custody.

Decentralized: as described above, it is permissionless and cannot be controlled by one entity.

Asset manager: a project that manages assets on your behalf.

Segregated funds: division of assets that keep every user’s funds separate.

On Chain: Every transaction is executed transparently on the blockchain, verifiable and accessible to anyone as public ledger.

“GOGOcoin is constructing the most user-friendly open source DeFi protocol for asset management and savings, and the first to enable segregated funds on-chain.”

How does GOGOcoin accomplish this?

GOGOcoin incorporates NFT technology to form NFT SmartVaults that act as dedicated investment accounts unique to each user.

Most people hear the acronym NFT(Non-Fungible-Token) and cant help but think of digital art such as CryptoKitties or the increasingly valuable CryptoPunks that are sold on-chain, however they are more than that. Each NFT is a one of a kind digital asset that contains ownership rights, created or bought, that exists on the blockchain. What makes NFTs special outside of digital art and specifically for GOGOcoin, is that users can fill an NFT with assets, and loan/provide access to those assets, without those assets ever leaving their custody… a game changer for security in DeFi!!!

Traditionally in DeFi, in order to partake in Yield accruing opportunities, asset owners must first give up custody of said assets to protocols and contracts that can be exploited or funds seized by corrupt teams. Last week $60,000,000 worth of tokens were allegedly stolen by what looks like a greedy team member in the Anubis scam. A week prior, $170,000,000 was hacked from CREAM using a flashloan exploit. These are just two examples of what are hundreds of exploits that happen on a weekly basis. With GOGOcoin’s NFT SmartVaults, your funds never leave your possession and are about as close to impossible to steal without someone having direct access to your personal security information!

So how does one create a GOGOcoin NFT SmarVault without coding knowledge or crypto experience?

GOGOcoin has created a platform with an easy to use interface that offers one-click access to DeFi tools and investments. These investments are tailored to an individual’s risk tolerance defined by the asset’s previous and speculative performance.

The Interface is designed for investors of all levels ranging from crypto-newbies to Degens, enabling users to generate higher yields.

The GOGOcoin Package: what you get..

NonCustodial Wallet

Using GOGOcoin’s dedicated noncustodial wallet that can be downloaded on to your phone, you can avoid trying to figure out and learn complicated wallets such as MetaMask that require extensive Technical skills, are prone to error and worst of all… really expensive to use due to high gas fee’s.

By using their dedicated wallet you can purchase cryptocurrencies on the platform with just a credit card or bank account thanks to GOGOcoins Official Swiss-Based asset management license!

This wallet offers near gas-less transactions for access to GOGOcoins yield strategies which are in segregated vaults which aren’t pooled together and where no one can control your funds!

Range of Risk Profiles

Using GOGOcoin’s conveniently composed NFT SmartVault strategies, you can choose low to high risk strategies with a simple click of a button. You no longer have to scour the crypto sphere in search of yields that may or may not work out in your favor or be susceptible to bad actors.

GOGOcoin 3 Flexible strategies

• Low risk Vault: For those looking for a stable passive income of around 4% APY’s. from single asset staking which are low volatility and in risk.
• Medium-Risk Vault: For those looking to healthily leverage their assets and mixed staking strategies, these vaults offer users to maximize their profits while maintaining an optimal risk/reward ratio.
• Dynamic-Risk Vault: For those who have an appetite for highly opportunistic yield using advanced leverage strategies, the dynamic risk vaults will get you the highest returns on your investment while giving you comfort that your funds are safely kept in your custody available for withdrawal at any time!

Transparency and Clarity

On-Chain data enables a transparent approach providing financial dashboards and real-time analytics for asset management! This means that any purchases of crypto assets and transactions handled by GOGOcoin can be independently verified by you or an appointed person at any time.

Gone are the days where you have to trust that your accountant or asset manager is properly managing your funds as GOGOcoin provides you a convenient and easy place to see where your money is going and how your assets are being handled.

So that you can fully understand the dynamic complexities of your investment portfolio, GOGOCoin offers their easy-to-use analytics dashboard with data visualizations that makes the information digestible and provides you with the clarity that has never been so beautifully packaged in crypto.

Easy of use

As mentioned previously, GOGOcoin offers a simple, easy to use, 1 click solution to generating yields from your existing assets. Through its beautifully simple dashboard, users can create a noncustodial wallet, purchase crypto with their credit card, invest in a segregated yield strategy with near-gas less transactions. Once the user has generated enough of a return, or wishes to take profit, you can safely withdraw your funds back into your bank account or credit card. It’s that Simple.

What about investing in GOGOcoin itself?

GOGOcoin, as part of the ownership economy, allows users to not only generate dynamic yields on their platform but to own a part of it as well.

Investing in GOGOcoin’s $GOGO token, users can partake in governance, staking and liquidity farming, as well as Lending & Borrowing features through their trusted partner. By choosing to invest in GOGOcoin, you are buying into the beginning of the financial revolution. You are setting yourself up for freedom from the mismanagement of funds from the often corrupt Financial systems which trickle their way down to the individual level! GOGOcoin is bridging the gap between crypto newbies and expert traders propelling you into the future of blockchain technology!

Are you ready to set yourself free?

GOGOcoin will be open to all investors pre-listing via a Fair Launch Auction using a special LBP on Polygon’s version of Copper!

This fundraising event will start on December 7th!

To find out more about this launch visit:

https://gogocoin.medium.com/gogocoin-introducing-the-gogo-token-fair-launch-on-polygon-a700aead10b2

Also be sure to check out their Links:

Website: https://www.gogocoin.io/

Litepaper: https://tinyurl.com/GOGO-Litepaper

Twitter: https://twitter.com/GOGO_coin

Telegram: https://t.me/gogo_coin

Telegram annoucements: https://t.me/gogocoin_announcements

Discord: https://tinyurl.com/GOGODiscord

The following article is a BondConnery Production.

BondConnery Productions have not been paid or given any financial incentives to produce this article. That being said we have personally invested as we believe this product is the future of DeFi.

Images were provided courtesy of GOGOcoin and the information pertaining to the article was sourced from their official documentation.

None of the material provided is financial advice and any risks associated with investment are strictly taken on by you the investor.

BondConnery Productions will not be held liable for any profits/losses that may occur!