Review on Liquidity Dividends Protocol by Pedro O. Alvino M.
Liquidity protocol and Staking system.
Project based on the Ethereum network has a mechanism for the DeFi ecosystem so that its token is compatible with various liquidity protocols in DEX exchanges, in addition to this the project a coin rethinking based on a LID token blocking strategy for 7 days.
According to the structure, it has very few services based on its LID token, so the utility is very low, since it can only be used as a liquidity mechanism in the DEX of the Ethereum network and the staking of currencies, where they also have with a project launch platform, in which any user can launch their own token and the platform will have the mechanism of the project platform and as well as several token strategies, so the user will only have to pay the network fee and the project takes care of the most processes.
The market is already flooding with emerging projects from the DeFi ecosystem, the Liquidity Dividends Protocol project still has a certain delay in offering more rewards and benefits strategies in LID, so the project must have a greater breadth in the usability of the given LID token competition in the DeFi market.
Pros
- Your token supports various liquidity protocols on different DEXs.
- Provides a Staking mechanism based on its LID token.
- It has a referral system that provides a percentage of earnings according to the deposit generated by the referred user.
- Offers a project launch system based on ERC 20 token for developers and entrepreneurs.
Cons
- Numerous competitors in the market.
- Being based on Ethereum, high transaction costs can be high, as can the project launch platform.
- Very little usefulness of the LID token on the platform.
