DefiToken - the beginning of a new financial system that is global, permissionless and Internet-enabled.
Contents:
DefiToken description
One area of cryptocurrency that is getting huge attention is DeFi. This refers to financial services, using smart contracts, which are automatically enforceable agreements that do not need an intermediary such as a bank or lawyer and instead use online blockchain technology. DefiToken advantages:
| Autonomy | The money and assets that you own in the DeFi ecosystem are yours alone. There is no centralized authority with the ability to block your account, seize your assets or block your transactions. |
| Availability | If you've been active in the digital asset industry for a while, you've probably heard of the 1.7 billion unbanked people. Without access to bank accounts, these people are at a disadvantage because they cannot take advantage of many financial opportunities. Since DeFi apps work without expensive middlemen, they can afford to contact these people. |
Synthetic assets, also known as tokenized assets, are another aspect of DeFi that brings tremendous value. By creating tradable tokens, you open up investments for people who could not afford it before, potentially having access from anywhere in the world.
DefiToken data is publicly available, which allows you to maintain the integrity of service providers. For example, you can easily check DeFi bank reserves, find accurate loan rates or even track public person transactions.
How to use?
You will know your transaction (KYT) and compliance. Similar to the customer and counterparty verification (KYC) process, DefiToken's blockchain solutions allow businesses to easily track, analyze and verify transaction details to prevent fraud and comply with regulatory requirements. Moreover, you can track the value, recorded in the DeFi protocols. Programmable proof-of-use standards for token networks even out incentives during network launch and minimize passive speculation by ensuring that tokens end up in the hands of real users.
Additional information
At this stage, there is no White paper, but in the next update the company will:
- begin to develop social networks;
- place a Road Map on the platform;
- release WP.
But you will have the opportunity to contact the chat support in the company's Telegram channel to solve all your problems.