MENSA, the native token of the Mensa Protocol, a decentralised lending platform, has joined the bull run with 207% gains in 24 hours

Mensa Protocol has seen a sharp rise in just a few days and is poised to continue its growth. MENSA appears to be leading the charge in decentralised finance tokens (DeFi). Investors looking to purchase a new token could find it a good investment. MENSA has seen a bull rally and could potentially double if momentum continues. At $1, the MENSA token has changed hands. 15 at the time of writing.

How and where to purchase Mensa Protocol in the UK & elsewhere

To purchase cryptocurrency, you will need a trading account. Click on the sign up or join now button to register an account. Enter your username, password, and email address. To verify your account, most reputable platforms will require that you complete a Know Your Customer process (KYC). All you have to do at this point is fund your account and begin trading.

Avoid decentralised exchanges. They are not regulated, and there is a higher risk of fraud. We have analyzed the market to find the top two platforms that allow you to trade easily.

eToro

eToro offers some of the best multi-asset trading platforms in the world, with the lowest fees and commission rates. Its social copy trading capabilities make it an excellent choice for beginners.

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Coin Kong Trader

Coin Kong allows for quick buying and selling cryptocurrencies. This is a great choice for those who are new to cryptography. It offers excellent support, transparency and security.

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What is Mensa Protocol, and how can it be used?

Mensa Protocol allows users to lend or borrow multiple crypto assets easily. The MENSA token can be used in the ecosystem both as a reward currency or for governance purposes. The maximum token supply is fixed at 200 million. The protocol is built using the Fantom blockchain and allows for the staking MENSA tokens. Early withdrawers are penalized with a capital gain tax. It also offers various redistribution mechanisms that reward holders.

The DeFi market is crowded, but MENSA claims that it makes the process simple for its users. Users might be motivated to stay on the platform longer by the tax penalty in the short-term.

Should i buy MENSA today

MENSA currently enjoys a bull rally, and early adopters may see a double-digit increase in price. Below is the MENSA daily chart that shows a strong increase fueled by bullish momentum. MENSA is still a low price compared to other tokens in DeFi. This could make MENSA a good investment for those looking for a new DeFi platform.

MENSA daily chart. Source: CoinMarketCap

This article is for informational purposes only. It should not be taken as investment or financial advice.