Introduction; DeFiXy Protocol is an amazon-like platform for Crypto Assets and products, it is set to actually empower the unbanked by bridging the gap between fiat-driven economies and the crypto space. Till date, it is a challenge for beginners to use blockchain services.
What is DeFixy Protocol; Simply put, DeFiXy Protocol describes itself as an amazon-like blockchain platform that provide easy to use solution for the everyday crypto-asset users. Our solutions address the complexity that comes with trading crypto-assets with fiats, and the use of DeFi services.
The Problem : Mass Adaption
Most people can still remember the response Mark Cuban, a famous American entrepreneur gave when asked what it will take for cryptocurrencies (Bitcoin) to be massively adopted. He said; “It’d have to be so easy to use, it’s a no-brainer. It’d have to be completely friction-free and understandable by everybody first.”
As long as these individuals stay away, blockchain techs would not be massively adopted. Though not everyone will understand it as Mark Cuban suggested but it should be easy to use. Though it would not be absolutely friction-free as Mark Cuban also suggested but it should have less friction.
The Solution : True Adaption
As long as blockchain technologies remain complicated, mass adoption will not be reached. When more people have access to blockchain solution and find it easy to use, then the adoption rate will increase rapidly. This motivates the development of solutions that reduces both the complexity and friction that comes with the use of blockchain solutions.
The features that DeFiXy Protocol offer include:
1. P2P Marketplace (exchange): Where individuals can trade crypto-assets in a decentralized manner. The main feature of the P2P market-place are as follows: The ability of users to create trades or setup barter between any pair of whitelisted assets, even between assets that defer in blockchain and also between a whitelisted asset and any of the supported fiats.
2. Dynamic Staking: The staking feature offered by DeFiXy protocol provide users with different reward thresholds, these thresholds are functions of two variable, the lockup duration τ measured in days and the dynamic demand-supply ( δd δs (t)) factor of the asset staked. The protocol also offers lockup buyout. With this, an individual who initially staked his/her assets for a duration (say 30 days lockup) can unstake prematurely but the action incurs a lockup buyout fee.
3. DeFi services: DeFiXy protocol offers DeFi services such as lending and borrowing. users can take out collateralized loans with competitive interest rates. The rates for borrowers and lenders are determined by the users collateral blend ratio (βr).
4. Debit card integration: After meeting the regulatory requirement of target regions, DeFiXy protocol will integrate card payment solutions which will allow users to directly spend crypto assets.
DeFiXy Protocol Token
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 below. 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 Distribution
ROAD MAP
April - June 2020 : Market Research and Analysis Done
May - July 2020 : Concept and Technology Design Done
May - Aug 2020 : Implementation of α-Stake Done
July - Sept 2020 : Testing and Launch of α-Stake Done
Sept - Dec 2020 : Expansion, Marketing & Exchange listing Done
Oct - Q1 2020 : Platform Upgrade Done
May - Dec 2020 : Development of β-Stake Mechanism Coming Soon
Oct - Dec 2020 : Implementation and Integration of DeFi Coming Soon
Nov - Q1 2021 : Testing and Launch of DeFi Coming Soon
Q1 - Q3 2021 : Implementation and Integration of P2P Market Coming Soon
Q1 - Q3 2021 : Integration of Fiat Gateway Coming Soon
Q2 - Q4 2021 : Testing and Launch of P2P Market
Q4 2021 : Further Development, Integration of Direct payment system
DeFixy Contact Adresses;
Website : https://defixy.com/
WhitePaper : https://defixy.com/web/data/DeFiXy_WhitePaper1.0.pdf
Github : https://t.me/DeFiXy
Telegram : https://t.me/DeFiXy
Twitter : https://twitter.com/DeFiXy_Protocol
Discord : https://discord.com/invite/5dffAwM
Telegram Bounty : https://t.me/DeFiXy_bounty
Thread Ann : https://bitcointalk.org/index.php?topic=5284560
Bitcointalk Username: lani123lani
Bitcointalk profile: https://bitcointalk.org/index.php?action=profile;u=1220105
ETH Address: 0xaeC6B59a69a13FBea61AC87b27Cc50d8F594F923
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