Who could have thought barely a year ago that the world would be turned upside down by something as small as a microscopic entity that cannot even be biologically classified as a living organism? The enemy unseen seems to be omnipresent, spreading fear and instilling terror not only in the minds of people around the world but entire states that have been forced to lock down their borders and declare quarantines unseen before.
The results are less than rosy if the International Monetary Fund is to be believed, which states that the global economy should grow by 5.4% in 2021, but will still be 6.5% lower than its state before the start of the pandemic in 2020. Needless to say, the economic losses from the ‘plague of the 21st century’ were colossal, as the International Monetary Fund estimated that the global economy lost around a staggering $9 trillion in 2020. Though a large portion of the losses was attributed to funds unearned by governments and large corporations, the global population suffered the most.
As large companies were forced to lay off personnel by the thousands to cut losses and stay afloat, smaller enterprises were simply forced out of business, tossing millions of people into the streets with no income. Sad as it may be, but the lack of jobs on the market is leaving said people without any sources of income, or temporary work at best, which cannot provide them with the necessary levels of revenue to maintain a decent livelihood. With such an economic reality setting in, new markets and industries are emerging to provide for the needy.
Any crisis is also an opportunity, and it was said with reason and purpose that the smallest light shines brightest in the darkness. That light is the crypto industry, which has seen its volume rise to $979.5 Million in the year 2020, and is projected to reach a revised size of $1.4 billion by 2027, growing at a CAGR of 4.8% over the period 2020-2027, according to Globalnewswire. Such dynamics were largely provided by the DeFi sector, which has seen a growth of dollar value of assets locked in DeFi protocols rising above $13 billion, demonstrating 2,000% growth since January 2020.
Among the assets leading the charge of such growth are stakable instruments like the WILC – Wrapped ILCOIN, which is a direct descendant of the Ilcoin, tradable with it at a 1 to 1 ratio. WILC has emerged on the popular Uniswap service as a highly-coveted newcomer that allows its holders to provide liquidity to pools and earn passive income in the form of rewards of 0.3% of the amount staked from transactions being generated on the platform.
The ability to provide WILC as a stake to liquidity pools with equal amounts of such popular assets as DAI, ETH and USDT allow it to stand on equal footing with other staking giants and prove its profitability as a passive income-generating instrument for anyone willing to take advantage of its value offering. The rewards generated are in the sole custody of the stake providers and can be traded, exchanged or withdrawn for use as fiat, empowering users and highlighting the advantages of decentralization and complete independence of the crypto industry.
The skyrocketing demand WILC has seen since its appearance on Uniswap has had a direct impact on its price, giving its holders a broad range of options and strategies for making use of their assets with the highest profit.
As the global economy is recovering slowly and the need for income becomes pressing, people are turning in search of revenues to opportunities they would have shunned in the past. The crypto industry is growing along with its user base and that is giving assets like WILC immense chances for reaching new heights and granting their holders chances of generating passive revenues.
The content provided herein is for informational purposes only and should not be construed as legal, tax, investment, financial, or other advice.