Decentralized Finance called DeFi is a movement established to bring about decentralized finance system created on public blockchains like Ethereum , Bitcoin and so on. Although, these public blockchains and their native digital currencies are often used for transacting, trading and recognized as alternative investment options. These chains and digital currencies have more potential with many other usecases.
Across the world, the financial system is the foundation of most economies, empowering people to exchange value, store wealth and take credit. These services offered by the traditional financial systems are relevant to existence of modern world. Despite having such influential role in the world's economy, traditional financial systems are rife with inefficiencies and flaws.
These pitfalls of traditional finance encouraged the popularity of open source networks (blockchains) that can be used to build exciting new things which can alter how global economy works. Aside from these perks, blockchains are public, transparent, permissible, resistant, programmable etc. which makes them novel and appealing when compared to traditional finance.
Furthermore, DeFi leverage of blockchain stands as a structure that aims to make day to day living less complicated for people. As such, people are able to engage in DeFi bandwagon as viable alternative to make good decisions about their money. In order to make this goal achievable, DeFi (Decentralized Finance) will move convectional financial tools to blockchain, enabling people to access and perform affordable cross border payments, obtain greater security and privacy, anyone with good device and internet can access financial services and many more.
Infact, DeFi puts control in hands of users and they can have custody of their wealth as well transact securely without validations from traditional financial institutions like banks. Now, people interested in exploring the advantages of DeFi can start with Bitchemical Platform because of it's simplicity and interesting usecases.
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What is BITCHEMICAL About?!
Bitchemical DeFi is a decentralized finance ecosystem that runs on Binance Smart Chain and enables crypto enthusiasts and investors to trade digital currencies with their personal wallets. Users need to have an internet and good device to connect their crypto wallet to Bitchemical trade platform wherein cryptocurrencies can be traded in seconds. Unlike centralized exchanges, users can hold and manage their funds, retain ownership rights of their crypto assets.
Bitchemical DeFi also operates as a framework for nonfungible tokens to be created and deployed. Within the platform, users can create their unique NFTs with chemical formulas and gain income or royalties by selling their NFTs on the platform.
The team of Bitchemical have provided a good opportunity for users to earn passive income by investing in pools of Chemicals formulas. Simply put, users who are able to provide liquidity for pairs trading on Bitchemical trade platform will receive LP tokens which brings rewards inform of trading fees.
Aside from NFT minting and token trading, Bitchemical platform offers a launchpad that lets users purchase new tokens at discount prices before launch on official market.
Another relevant aspect of Bitchemical platform is the Bitchemical token (BCHEC). This is a powerful hyperdeflationary digital currency native to Bitchemical DeFi platform. It is vital for transactions on the platform and offers holders passive revenue. Since it's hyperdeflationary, the supply decreases and helps token value to appreciate in time.
In conclusion, Bitchemical DeFi platform is simple to use and serve as one of the best platforms to help users navigate through the world of Decentralized Finance (DeFi). Anyone can trade their tokens, create, deploy and sell their NFTs by easily connecting their personal wallet with the platform.
Bitchemical is having their ongoing tokensale and anyone can buy BCHEC tokens at affordable prices. Use this official website link to participate : https://bitchemicaldefi.com/tokensale/invite?ref=UD00111
Whitepaper: https://bitchemicaldefi.com/whitepaper.pdf
Telegram : https://t.me/bitchemicaldefi
Twitter : https://twitter.com/Bitchemical
Facebook : https://www.facebook.com/ChemicalDefi/
Medium : https://medium.com/@BitchemicalDefi
Instagram : https://www.instagram.com/bitchemicaldefi/
Writer Details,
BTT Username : Johnson Knight
BTT Profile URL : https://bitcointalk.org/index.php?action=profile;u=2326370;sa=summary
Wallet Address : 0x6830258326195b820D60f100354dadDe57c0bBA
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