Crypto investment is not for everyone. While it is simple and easy to invest in cryptocurrencies these days, the fact is that most novice investors lose money. There have been a lot of market drownings since crypto markets are fast-paced and regulators haven’t been able to keep up with the markets.
In the cryptocurrency market, there is an inherent need for a safe investing plan, particularly in the newer ones that have the potential for huge profits. NeoFi offers an approach for diversifying a user’s portfolio to reduce financial risk.
Here is where NeoFi comes in, as it intends to expose a younger breed of investors to the constantly shifting cryptocurrency markets by making it simple for them to keep up with them. As part of its offerings, NeoFi Baskets, a disruptive concept for investors, has been introduced by NeoFi. Baskets are cryptocurrency portfolios that are strategically weighted to reflect a theme, strategy, or goal.
NeoFi baskets are based on concepts like Exchange Tokens, Launchpad Tokens, Blue-Chip Cryptocurrencies, and so on.
A market topic such as GameFi, NFTs, DeFi, and so on.
An algorithmic or research-based strategy, or portfolios of fund managers, experts, and venture capitalists, for example.
NeoFi’s strategy allows individual investors to create a diversified portfolio with only one click. NeoFi Baskets is a hybrid of the index and mutual funds, as well as Robo-advisors.
NeoFi Emphasizes Portfolio
NeoFi emphasizes that crypto users do not need to be crypto experts to have a well-diversified portfolio, and their staking function reflects that philosophy. NeoFi allows users to earn passive income by staking idle crypto assets across different protocols. Users will not have to navigate the numerous yield dashboards and protocols to get started, and there will be no price to stake or unstake.
NeoFi stores information by combining various controlled and decentralized exchanges across multiple blockchains to provide customers with a single unified dashboard from which to invest. Furthermore, because NeoFi is a cross-chain platform, it supports a wide range of tokens by default.
For new cryptocurrency investors, NeoFi removes the hassles of setting up several exchange accounts and working with multiple blockchains.
The Heart of the NeoFi Ecosystem is the $NEOFI Token
$NEOFI is NeoFi’s native token, and holders have access to platform discounts, platform governance, high yield staking, and other NeoFi ecosystem opportunities. Because $NEOFI is a deflationary coin, a portion of the fee is immediately burned.
NeoFI is a crypto-investment system that automates the diversification of any scale investor’s investment portfolio and risks. NeoFi baskets are used by NeoFi to allow investors to invest in their favourite niche with only one click.
NeoFI is working to bring the next billion people into the crypto world. The initiative thinks that by providing more tools to retail investors in the market, they will not only change the world of cryptocurrencies but will also level the playing field in the market. Visit https://neofi.app/ to learn more about the project.