The cryptocurrency world can be a daunting one to an average person these days. Other than famous names like Bitcoin, Ethereum and Elon Musk - most of the blockchain environment can be an unfamiliar and scary place.
Even with the immense progress since the earliest days of lines of code and custom-computer rigs built to mine Bitcoin, individuals these days seem to have a steep learning curve when it comes to entering the world of decentralized finance (DeFi). It doesn't really matter if there are thousands of new coins, projects and technology when the barrier of entry for the average user still remains as unfriendly as ever.
The team of Kalmar intends to change that by making the blockchain and its amazing features accessible to everyone.
The Decentralised Bank On The Blockchain
Kalmar's vision is to make the blockchain banking experience as user-friendly as possible. Not just to the tech savvy, but to your aunt, uncle and even grandparents. From intuitive user interfaces to providing education and support about the blockchain - Kalmar tackles the grand goal of mass adoption by literally catering to people first.
Through different phases of releases, users will be provided the most successful and quality instruments available on the blockchain. For example, one of Kalmar's key products is called 'leveraged yield farming'.
Users will be able to lend and borrow capital for low rates to amplify the capital that they have to invest into other cryptocurrency opportunities. On top of that, with Kalmar's role as a decentralised bank role in the blockchain, this also provides users the ability to earn even more profits by removing any third party involved in the process.
Kalmar essentially provides the structure and platform with all the power of the blockchain, at an easy to use level for anyone to benefit from the financial opportunities cryptocurrency has to offer.
BUIDLing On Strength - Binance Smart Chain
With the emergence of newer, faster networks in the blockchain, Kalmar capitalises on the fast transaction speeds as well as the extremely cheap gas fees of the Binance Smart Chain.
For example, in comparison, the most used and known cryptocurrency projects are built on the Ethereum network - something that might be a bit more familiar to users. However, what is not really familiar is the fact that the Ethereum network is constantly congested.
When a user needs to make a transaction on the network, he has to pay a "gas fee". Because of the congestion, even the simplest transactions result in lengthy periods of waiting time as well as costing the user hefty fees. A beginner might see their capital get burnt away before even being able to make some sort of profit.
The Binance Smart Chain allows for Kalmar's goal to be user-friendly. Built and launched by Binance, transaction speeds on Binance Smart Chain are extremely fast and almost instant while transaction costs are kept to a few cents per transaction.
Why is this important?
At the beginner skill level, users are more inclined to make mistakes. Building the Kalmar project on BSC allows for these small errors as well as provide the ability for users to learn without costing them a significant portion of their capital.
On top of that, the high speeds and cheap costs of transactions on Binance Smart Chain allow Kalmar to develop mechanisms and features that would otherwise be too complicated or expensive to carry out on Ethereum's congested network.
Being friendly to both the user and their wallet, as well as having a solid foundation to innovate blockchain products - Kalmar is bridging the gap between the ordinary person and the potential of cryptocurrency one block at a time.
