3 minutes let you know: what is the highly sought after CEP?
Recently, CEP has sprung up and has been well received by people in the circle. What exactly is it? Why is it so popular? Just let the editor speak for you.
CEP, the full name of Crypto ETF Protocol, is translated into encrypted investment protocol. Literally, it can be easily understood that this is an agreement and a tool, the purpose of which is to help everyone invest in cryptocurrency. CEP aims to allow more users and funds to participate in cryptocurrency investment, share the benefits of the rapid growth of the cryptocurrency market, and promote the expansion of the cryptocurrency market. Therefore, different from the previous investment tools, CEP has a slogan “Make Crypto Easy”-to make crypto investment easier-this protocol is very suitable for new users who are new to the cryptocurrency investment circle, because the operation is simple and easy to use. No strong knowledge background is required.
What kind of tool is a good tool? CEP understands this:
1. Choose rich and high-quality investment targets. Eggs cannot be placed in a basket. CEP is not limited to a cryptocurrency, it integrates cryptocurrency information on a track. Take DeFi as an example. CEP will not just talk about one of them, but will select high-quality projects in this field, including lending, DEX, asset, stable currency, etc. Investors integrate this type of information. This reduces the risk of investing in a cryptocurrency overturning.
2. Cross-chain technology links all assets on the chain. To give the simplest example, you own USDT of Ethereum and USDT of EOS. After you have invested Ethereum’s USDT in a project, you want to invest more. CEP can map your assets on EOS to Ethereum through cross-chain technology to realize the intercommunication of assets. In this way, you can easily use EOS’s USDT to invest in projects on Ethereum. In this way, it will not only benefit investors, but also enhance the liquidity of assets and promote the entire cryptocurrency ecosystem.
3. Community self-management and openness and transparency. The investment targets on CEP are all published on smart contracts, and all actions are executed by smart contracts, and there is no human manipulation. All transactions on it are transparent and open and can be found on the chain. And the user’s assets are stored in their own decentralized wallets, and the users can use them with peace of mind if the assets are safe. Of course, once CEP is released, its subsequent governance will be decided by community voting, which is also a qualified performance of decentralization.
4. Provide a variety of investment methods. CEP provides investors with two ways: ①Trading from market makers through redemption & issuance; ②A small amount of purchase and sale through the secondary market. For users, it is flexible, convenient and extremely friendly.
In summary, the editor believes that CEP is a good cryptocurrency investment tool, which is suitable for a variety of investors and can bring more outsiders to the cryptocurrency circle. Therefore, I am very much looking forward to the opportunities and challenges that CEP will bring to the entire cryptocurrency circle in the future.
