Chintai — a dynamic Decentralized Finance (DeFi) engine for leasing, launching and trading digital assets. Everything from leasing and trading NFTs, launching STOs to providing comprehensive services for issuing decentralized bonds is included in the project's capabilities.
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Brief description of the project
Since launch, the project has become the largest token rental platform on the EOS network since the end of 2018. At its peak, Chintai's market volume reached an all-time high of 20 million. To date, trade volume has exceeded $ 250 million, and 220,000 EOS have been paid out in interest to users. This first leasing market is a powerful proof of concept that illustrates both the potential profitability of leasing tokens on a commercial scale and the effectiveness of the Chintai mechanism for serving high volume trading entirely within the network.
The team began developing the infrastructure for leasing and trading management of potentially any digital asset in 2019. New leasing markets were deployed quickly. For instance:
- DAPP;
- WAX;
- WBI.
In addition, the project collaborates with NFT dGoods and Simple Assets standards to implement NFT leasing. In addition, Chintai has a modular front-end design, called the Merchant Network, which allows companies to use OMS easily to create specialized markets of almost any type. Businesses can set their own fees, build their own user interface and use Chintai OMS in the background to provide dynamic markets and blockchain-based products.
Chintai forms an interconnected ecosystem of decentralized financial products and markets, including:
| 1 | Regulated exchange. |
| 2 | Securities. |
| 3 | Bonds. |
| 4 | Derivatives. |
Since Chintai serves so many unique tokens and potential use cases, very specific front-end user interfaces will be required to optimize the user experience. Just as a platform like Youtube allows anyone to share custom videos, Chintai will provide tools for anyone, who can host their own DeFi products, using the infrastructure.
Other DeFi features
Anyone can create their own user interface, set their fees and use the engine in the background to generate income to expand their business. The Chintai Merchant Network removes development costs and hurdles by providing an easy way to integrate and generate revenue from infrastructure seamlessly. This win-win scenario means entrepreneurs get high-quality tools to grow their business with blockchain while the platform expands as a service provider.
This allows professionals to fine-tune UX in their field for their audience. The end user does not need to see or know about Chintai, which is especially important as blockchain-based solutions are being embedded in the fabric of existing products and industries. There is no White Paper and RoadMap on the project website. You can study information about the platform through the blog on the Medium platform. The developers regularly publish articles, describing the updates. Also, from social networks there are twitter and telegram channel (more than 1000 readers). You can subscribe to stay up to date with all news. The smart contract doesn’t have an audit.