DeFiXy Protocol : Bridge between Fiat-driven Economies and the Crypto Space
About DeFiXy Protocol
DeFiXy Protocol is a blockchain-powered Amazon-like platform for day-to-day crypto-asset customers and newcomers. The purpose of the venture is to empower the unbanked individuals of the public with the aid of bridging the hole between the crypto house and the fiat-driven economy.
DeFiXy Protocol guarantees to be rewarding, as their P2P market would permit customers with recognition and collateral to set up their very own mini-market the place they serve the much less skilled users. In addition, all the points of the challenge are tremendously decentralized to allow customers to experience top-notch price services.
DeFiXy Features:
- P2P market area (exchange): Where people can alternate crypto-assets in a decentralized manner. The essential function of the P2P market-place are as follows:
The capacity of customers to create trades or setup barter between any pair of a whitelisted asset, even between a property that defers in blockchain and additionally between a whitelisted asset and any of the supported fiats.
Individuals with staked property can create mini-kiosk inside the platform, offer custom-made merchandise and offerings to different users. Such kiosk proprietors revel in a share of the transaction charges collected on the platform amongst different benefits.
- Staking 2.0: The staking characteristic offered by using DeFiXy protocol grant customers with different reward thresholds, these thresholds are features of two variable, the lockup period τ measured in days and the dynamic demand-supply (δd δs (t)) component of the asset staked.
The protocol additionally offers lockup buyout. With this, a person who firstly staked his/her
Assets for a length (say 30 days lockup) can unstake in advance however the motion incurs a lockup buyout fee.
- DeFi services: DeFiXy protocol offers DeFi offerings such as lending and borrowing. Users can take out collateralized loans with aggressive pastime rates. The quotes for debtors and lenders are decided through the customers collateral mixture ratio (βr).
Since the loans offered do no longer have maturity period, there are no late repayments however the borrower can set up a periodic price that is deducted routinely in any of the supported property or fiats as specified with the aid of the borrower.
Similarly, a lender can lend asset on a flex duration lending mode or on a fixed length lending mode. With the latter offering a higher hobby rate.
- Debit Card Integration: After assembly the regulatory requirement of goal regions,
2 DeFiXy protocol will combine card charge options which will enable customers to without delay spend crypto-assets.
DeFiXy protocol will put in force all the stated facets with the common person with little to no blockchain grasp in mind. The platform will combine the consumer interface that is incredibly user-friendly. Individuals will be capable to engage with the platform in an easy and seamless manner, even these that are new to space.
Important Notes:
ICO: There was once no ICO, and there will be no ICO. Also, no early investor that can dump on the market.
How to purchase: The tokens will be accessible for buy on exchanges after the platform launch in 5 to 6 weeks’ time.
Supply will be constrained to about four million at launch. While stakes can get up to 50% staking rewards, no definite lockup required, longer the staking is for, the greater the rewards charge (dynamic rewards).
The circulating grant will stay 4,000,000 + claimed rewards by means of holders till principal facets are Integrated, this encompasses DeFi (lending and borrowing) and decentralized P2P market-place.
The distribution
DeFiXy Protocol’s tokenomics is presented. The distribution of the token and its value proposition is also covered DeFiXy protocol’s functionality is heavily dependent on its native token. As such, the token is a utility token. The token details can be found in Table 3.1. The total supply of DeFiXy token is 100,000,000 (100 million), and are pre-mined which means that no additional token can be created.
Token Name: DeFiXy
Token Ticker: DFX
Token Type: ERC20
Decimals: 18
Token Contract: 0x81bc8af0f2cbd17f97306cbe7bea5a5927a0646a
Website: https://defixy.com/
Whitepaper: https://defixy.com/whitepaper
Medium: https://medium.com/@DeFiXy
Github: https://github.com/DeFiXy
Twitter: https://twitter.com/DeFiXy_Protocol
Telegram: https://t.me/DeFiXy
Discord: https://discord.com/invite/5dffAwM
Youtube: https://www.youtube.com/channel/UCoL-MU52k4exggP5WKFkPeg
Bitcointalk: https://bitcointalk.org/index.php?topic=5285392.0
Author
Bitcoin user Id: bitcoin8341
Bitcoin Profile: https://bitcointalk.org/index.php?action=profile;u=2283575
ETH : 0x877d50Bd26d12C24567b122dc0A17C42c3E82E14