The Internet is one of the most revolutionary inventions of this century and introduces new innovations where everyone can interact virtually with the implementation of other basic aspects of life. On the other hand, one of the innovations created in the internet world is Blockchain where this is a new form of system that creates a Peer-To-Peer Ecosystem where everyone can interact or conduct transactions directly without going through a centralized entity. being hyped some time ago was Decentralized Finance (DeFi), Introducing everyone a new banking system that is more transparent and eliminates the role of centralized intermediaries, Decentralized Finance System allows complex banking transactions to be implemented and used on Public Networks based on Blockchain Technology. Debt Free tokens is one of the projects that introduces a new form of digital currency that implements the DeFi system on its tokens.
About Debt Free:
Debt Free Token is a currency based on Blockchain Technology, this is a form of digital asset that allows peer-to-peer transactions for everyone, especially unbanked people. This token carries the DeFi concept which ensures a more complex form of banking transaction to be run on a blockchain-based system. Their token carries a smart-contract system that allows automated transaction processing and is distributed directly through the Blockchain public network, this ensures a new form of distributed crypto which is more transparent, cheap and fast. People can also use Debt Free token to buy or pay NFT on Libra.codes.
Unique Token Algorithm:
The Debt Free Token Team designed a unique token based on a Smart-Contract so as to create a form of transaction that is carried out automatically without the need for a centralized entity. The Debt Free Token is designed with a taxing algorithm that cuts each transaction value by 10% which is distributed to holders by the reflection method. In addition, it also divides the 5% portion to the liquidity pool so as to ensure the value is maintained and managed by the community itself. Their team also integrating this token with various CEX and DEX so as to provide flexible conversion options with competitive rates, their team ensures healthy and ready tokenomics as a long-term store-of-value alternative that provides passive income through the Reflection method where holders only need to store tokens on a private address.
DeFi Market Growth:
Blockchain technology is becoming one of the largest sectors in the Global Market today, Blockchain itself is implemented and introduced for the first time through Cryptocurrency where this is a powerful form of sophisticated transaction tool in the form of digital assets, Cryptocurrency itself introduces Peer-To-Peer forms of transactions and one of the one is DeFi or Decentralized Finance along with NFT which enables Decentralized banking services. The Total DeFi Market Size today alone has surpassed $50 Billion and this Value is sure to continue to multiply in the years to come. On the other hand, Debt Free Token is one of the new innovations that introduces an attractive financial system that benefits all holders in the integration of trading tools that can be used on the AMM Protocol with deflationary tokens, Besides that, it also provides a Store-Of-Value option that provides passive income in real time through the reflection method that implemented on the smart contract.
Tokenomics:
The Debt Free Token allows users from all over the world to get these tokens more easily through supported exchanges. Debt Free Token is a utility token that adopts a deflationary mechanism, which means that users can use this token for various purposes such as payments, etc. Because this token adopts a deflationary mechanism, meaning that holders will get a reward according to the number of tokens they hold. Debt Free Token is the most innovative way to earn passive income today.
Conclusion :
My opinion, Debt Free Token is something new in crypto world. I must say that we should join this revolutionary project with various features and solutions provided by this project. This is user-friendly platform that increases the profitability and is easy to use even for non-technical users. So it is hoped that their will be more people who can feel the benefits of crypto.
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For More Information Please Kindly Visit The Links Below:
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Whitepaper: https://debtfreetoken.io/pages/whitepaper
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DEBTFREE address on Coinsbit : 0xd9bAd9DE7F9837C40a444CFaAd642b9b3B3cc2f5