Lilcoin is emerging as the first self-arbitraging token with an algorithm that keeps correcting price differences.
The way certain industries today are booming is truly a sight to behold, looking at how they are trying to walk in sync with the changing trends of their niches across the world. Many talented beings and professionals must be credited for constantly innovating and putting their best foot forward for getting closer to their visions and aspirations in their respective industries; however, one cannot deny the power of the technological advances that have resulted in the enormous success of certain industries, one being the cryptocurrency world. Making waves in the same for their passion for fostering decentralized communities is a robust team of professionals who founded “Lilcoin”.
Today, people are more aware of decentralized finance; they know that DeFi is a blockchain-based form of finance that relies on smart contracts on blockchains instead of any central financial intermediaries like banks, brokerages, or exchanges. Although DeFi has opened gates to a world of possibilities and opportunities, still experts are of the opinion that there is a long way to go for market efficiency. The team at Lilcoin, with individuals who come from different parts of the world, shared a common passion and fascination for cryptocurrency, but they also noticed how there were many rug pull and meme tokens present in the market with no value to offer. This motivated them to create their own token in the form of Lilcoin, which could stand different from the others in the crypto markets.
Lilcoin ($LIL) has emerged as the first token globally to provide holders with consistent rewards and stable prices through self-arbitrage across DeFi pools. What is self-arbitrage, you wonder? It is something that takes advantage of the fact that cryptocurrencies can be priced differently on different exchanges. In simple words, arbitraging is buying something at a low price and then selling it for a higher price in a different place.
DeFi, along with a pool of opportunities it offers, also came along with many market inefficiencies like price disparities of the same asset across pools, which institutions and bots took advantage of. Hence, Lilcoin came with a self-arbitrage strategy, with an algorithm that constantly performs arbitrage and corrects any price differences between the liquidity pools it is offered on.
Lilcoin thus has set the standards for the market providing stable prices, more liquidity, and most importantly, consistent rewards to holders with no fees. Lilcoin is driven by its vision to provide stable rewards with no fees to the crypto community, and as they grow, they hope to set a new standard for ERC-20 tokens where arbitrage is for everyone.
It is definitely raising the bar for others as the first fee-less token generating stable rewards while correcting market inefficiencies. To know more, visit their website, https://www.lilcoin.org/.