The protocol is a platform like amazon for Electric Money Assets and products, it is set up to realize empowerment of people who do not have bank accounts by bridging distances between designated economies meaning directed by fiat space and cryptocurrencies.Until recently, it was a recipe for those who just started using service blockchain.
DeFixy Protocol is what; To put it simply, DeFiXy automatically describes it as an amazon-like blockchain platform that provides an easy-to-use solution for everyday crypto asset users. Our solution caters to magazines accompanying the production of cryptocurrencies trading with currency listings and using the service DeFi.
The Problem
Most people can still remember the response Mark Cuban, a famous American entrepreneur gave when asked what it’ll deem cryptocurrencies (Bitcoin) to be massively adopted. He said; “It’d need to be very easy to use, it’s a no brainer . It’d need to be completely friction-free and understandable by everybody first.” This addresses the complexity that comes with most (if not all) blockchain technologies. Just believe how complicated it had been for you to shop for your first cryptocurrency, what percentage platforms or apps you researched until you finally found the one app/platform that supported fiat to cryptocurrency conversion. If you’re already using cryptocurrencies and other blockchain solutions, this is often not a problem to you but consider the newcomers, who would really like to use blockchain solutions or maybe haven’t any other alternatives than to use blockchain solutions but have kept away because they are doing not understand the basics . As long as these individuals stand back , blockchain techs wouldn’t be massively adopted. Though not everyone will know it as Mark Cuban suggested but it should be easy to use. Though it might not be absolutely friction-free as Mark Cuban also suggested but it should have less friction.
The Solution
As long as blockchain technologies remain complex, mass adoption won’t be achieved. As more people have access to a blockchain solution and find it easy to use, the speed of adoption increases rapidly. This promotes the event of solutions that reduce both the complexity and friction related to blockchain solutions. Seen from this attitude , the DeFiXy protocol represents a user-friendly p2p marketplace like Amazon. A decentralized marketplace inbuilt how that minimizes the complexity and friction involved in making transactions from fiat to crypto. Our mission is to seamlessly connect Fiat-oriented economies with the crypto space, thus creating a platform where inexperienced people can easily board.
The features provided by the DeFiXy Protocol include :
P2P marketplace (exchange): Where individuals can trade crypto assets in a decentralized way. The main features of the P2P market are as follows: The ability of users to transact or arrange an exchange between a pair of whitelisted assets, even between those that are suspended on the blockchain and between the assets contained in the Supported whitelisting and properties.
Dynamic betting: The betting feature provided by the DeFiXy protocol gives users different reward thresholds, these thresholds are a function of two variables, the lock time τ is measured in days and the supply factor — the dynamic demand (δd δs (t)) of the deposited asset. This protocol also provides key purchases. With this, an individual who initially deposited his assets for a certain period of time (e.g. locking the account for 30 days) may sell the stock early but this action will incur the cost of buying the key.
The DeFiXy protocol provides DeFi services such as lending and borrowing. Users can borrow secured loans at competitive interest rates. The ratio to the borrower and lender is determined by the combined ratio of the user’s collateral (r). Since the loans offered have no maturity, there are no late payments, but borrowers can set up a recurring payment that is automatically deducted against any assets or money backed. support according to the borrower’s regulations. Likewise, lenders can lend assets on a flexible loan or a fixed term loan. With the latter offer the best interest rates.
Integrated Debit Card: After meeting the regulatory requirements of the target regions, the DeFiXy protocol will integrate card payment solutions allowing users to spend cryptocurrencies directly.
The DeFiXy protocol will implement all of these features with the help of an ordinary person with little or no knowledge of blockchain. The platform will integrate a very user-friendly interface. Everyone will be able to interact with the platform smoothly and flexibly, even those new to this space.
Dynamic betting
Betting services offered by the DeFiXy protocol apply what we call a Proof of Commitment (PoC) consensus. The stakes bonus is used by very diverse (up) bettors so that longer stakes bettors receive higher stakes bonuses. Consensus betting is an integral part of our platform as it is the basic mechanism by which other functions work. Dynamic odds mature in two phases: Alpha stage (bet) and beta stage (bet).
Token
DeFiXy protocol notification The function of DeFiXy protocol is highly dependent on the original message code. Hence, the message code is a code notification utility. The detailed code message can be found below. The total supply of DeFiXy token tokens is 100,000,000 (100 million) and it has been pre-mined, meaning it is impossible to generate more code tokens.
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ROADMAP
ROADMAP
April — June 2020 : Market Research and Analysis
May — July 2020 : Concept and Technology Design
May — Aug 2020 : Implementation of α-Stake
July — Sept 2020 : Testing and Launch of α-Stake
Sept — Dec 2020 : Expansion, Marketing & Exchange listing
Oct — Q1 2020 : Platform Upgrade
May — Dec 2020 : Development of β-Stake Mechanism
Oct — Dec 2020 : Implementation and Integration of DeFi
Nov — Q1 2021 : Testing and Launch of DeFi
Q1 — Q3 2021 : Implementation and Integration of P2P Market
Q1 — Q3 2021 : Integration of Fiat Gateway
Q2 — Q4 2021 : Testing and Launch of P2P Market
IQ4 2021 : Further Development, Integration of Direct payment system
Conclusion :
DeFiXy protocol offers DeFi administrations, for instance, loaning and getting. clients can remove collateralized advances with serious loan costs. DeFiXy convention will execute all the said highlights with the traditional individual in light of practically no blockchain understanding. The stage incorporate UI that are profoundly userfriendly. People will have the choice to interface with the stage during a smooth and consistent way, even people who are new the space. to remain informed, please follow us on our social media pages listed below. don’t miss to hitch and make a profit!
● 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 ANN: https://bitcointalk.org/index.php?topic=5284560
AUTHOR
Bitcointalk Username: nangthothan
Telegram Username: @Hungnguyenviet96
Bitcointalk url: https://bitcointalk.org/index.php?action=profile
ETH Wallet Address: 0x398E4e95615ACDeA71b025d500250e2B68b47EAE