Web 3.0 was born a long while ago and a small number of companies are currently competing for a spot in the spotlight. New solutions are being promised, including high scale, simplicity of use and financial control. It remains to be seen if these solutions can deliver the promised land of heaven. In the beginning days of Web 2.0 ecosystems were still feeling great and undergoing changes every so often. Web 3.0 has many similarities, but it is different. It’s moving away from centralized control towards decentralization. Projects that aim to be for and by the people are born. KryptoDEX can be one of them.

KryptoDEX is a product of InterDeFi. This decentralized financial ecosystem was behind PolyDEX. CeloDex was launched in November on Celo. The company has now joined the Web 3.0 Race with InterDeFi. InterDeFi’s KryptoDEX will be coming to Cronos, Crypto.com and other locations. Through decentralized protocols and the elimination of the central decision maker, the project claims that it will give users complete control over their financial affairs.

KryptoDEX: How it Works

KryptoDEX provides a variety of options in the DeFi/NFT space. This exchange platform includes a fundraising platform, an exchange aggregator and yield farming. It also has a NFT marketplace.

DEX Aggregator

Crypto exchanges offer a rate that users can accept when buying or selling crypto. But rates can vary dramatically. Some lose and others win. KryptoDEX is a multi-chain protocol that aggregates all DEX offers. This allows everyone to have equal chances. This will ensure that users get the most competitive rate possible in crypto markets.

KryptoLaunch

The road to starting your own company can be challenging. Orthodox investors expect way too many for too little. That makes sense in a way – because the pandemic drives fund providers towards securing risks. But, it can hurt emerging projects. Despite this background, there are still opportunities in the crypto market that look similar to those of Silicon Valley’s early days. KryptoLaunch allows startup founders to make connections to investors at an early stage, either institutional or retail. This helps them keep their projects on track. KryptoLaunch supports only Cronos-based projects.

KryptoVault

Yield optimization has been undervalued. Market participants were taught by Hodlers to preserve their digital assets despite the availability of great tools for crypto management. Many well-known platforms provide options for earning interest at rates that are much higher than those offered by banks, with most starting around 5%. It is easy to see the differences compared with US banks’ average interest rate of 0.04%. KryptoVault offers liquidity providers high compounding rates and does exactly that. All you have to do is stake your money in order to become one. Both parties seem to win – KryptoDEX will receive the KRX tokens and users will get high interest. Each platform is different. Always verify the conditions before making any final decisions.

NFT Marketplace

NFTs have finally found their second lives thanks to the metaverse story. The JPEGs can be used to create avatars or items for the virtual realm. This market is booming with many new vendors popping up every now and again. High fees limit entry. OpenSea and other Ethereum-run platforms are popular choices for newcomers. However, fees there can be very high. The issue will be solved in 2022 but it remains to be resolved. KryptoDEX’s NFT market is unique in that it runs on its own blockchain and charges much less. While the date has not been set yet, it was announced by the company. InterDeFi has launched PolySTORE in the past on Polygon.

KryptoDEX Wrapping Up is an initiative that offers solutions to many emerging creators and startup founders. While it offers a lot, it is not clear how the projects will work. KryptoDEX is now available on Cronos. You can check out the product pages to see if they meet your needs.

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