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Since 2020 the crypto world has been revolutionised by a massive spike in DeFi popularity. This innovative financial system is undoubtedly the future, as intermediaries are not necessary, profit margins can be enormous. More and more people are beginning to see that DeFi is here to stay, but they are also concerned about what might happen when things go wrong. There are inherent risks to building a complete distributed trust system, entirely governed by code, such as reversing transactions and recovering funds. Criminals have been able to exploit these weaknesses and take vast amounts of money from unsuspecting individuals.
Since October 2020, nearly 7,000 people have reported losses of more than $80 million in DeFi and crypto scams. That is around twelve times more reports and an increase of almost 1,000% in lost funds than the same period a year earlier. In many cases, fake websites lure would-be investors to part with their cash. Due to the nature of DeFi, these transactions are hardcoded into the blockchain and are incredibly difficult to undo. To fix the issue, we need a way to shield people from con websites and make it more difficult for criminals to operate. ASTRA is the solution that gives you protection against fraud and provides a unique mechanism to resolve issues if something goes wrong. For example, the padlock symbol that appears in the web address bar when browsing the internet indicates you are on a secure and legitimate website. Similarly, when you see that a cryptoasset or DeFi project has decentralised legal protection from ASTRA, you know that the offer is genuine and that there is simple and effective recourse if something unexpected happens.
ASTRA will revolutionise Decentralised Finance.
DeFi is still in its infancy, and much like the early days of the internet, people are scared of being caught out. Now billions of people in the developed world use the internet for several hours a day. In 2020 alone, online transactions grew by 80%. Online banking and e-commerce were once considered new age, high-risk and sometimes outright dangerous. But regulations came in, and internet security improved dramatically, which paved the way for the digitised 21st century we experience today. In the same way, ASTRA will revolutionise Decentralised Finance.[/vc_column_text][vc_column_text css_animation=”fadeIn” css=”.vc_custom_1629800199216{padding-top: 50px !important;padding-right: 50px !important;padding-bottom: 50px !important;padding-left: 50px !important;}”]
“ASTRA IS THE SOLUTION THAT GIVES YOU PROTECTION AGAINST FRAUD AND PROVIDES A UNIQUE MECHANISM TO RESOLVE ISSUES IF SOMETHING GOES WRONG.”
[/vc_column_text][vc_column_text]ASTRA provides the necessary security and peace of mind you need to invest in DeFi projects. Simply by knowing that this decentralised legal layer is embedded, you can be sure that transactions are entirely legitimate. As a result, if something happens to your money, you will be able to recover it quickly and at a reasonable cost. The Crypto world has often been termed the “Wild West” when it comes to investment. With ASTRA, DeFi and digital assets can become a safer and more reliable way to see significant returns on your venture.
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