In this article, I will try yo write details about the Dafribank. It is a bank platform which is all about bringing online banking to everyone. Dafribank as the bank of the future, will solve many problems.
What is DafriBank:
Dafribank, a digital cryptocurrency financial institution, was founded to address the difficulties of security and trust in crypto banking. It provides an online platform for peer-to-peer lending, payments, and exchange services via the internet. This project is a decentralised fintech platform designed by experts to help non-experts get involved in the distributed economy. In this platform, user's private and sensitive information would remain unique to each individual and will be kept safe and secure using the blockchain technology which is based on the principle of a distributed digital ledger that records data in encrypted form. The use of cryptography ensures that third parties cannot access these files or hack them.
What is DafriBank good for:
The DafriBank platform will also provide a wide range of financial services which will include the following:
Peer-to-peer lending:
This is a system where loans are given from individuals to other individuals without the need for a financial institution to be involved.Payments:
This involves the use of DafriCoin for making payments for goods and services both online and offline.
- Exchange services:
This involves the conversion of different digital currencies into DafriCoin and vice versa. The DafriBank platform will also
provide a wide range of financial services which will include the following:
Decentralisation:
This is the process of taking power away from a central authority and distributing it among a number of different individuals or groups.Cryptography:
This is the process of converting legible information into an almost uncrackable code.Blockchain Technology:
This is a type of distributed ledger technology in which each transaction or block in data can be tracked and verified without the need for central record keeping.
What is the role of DafriBank in the Crypto Economy:
Dafribank is a project that intends to make it easier for people to get into the crypto economy. It will provide a wide range of services which will include peer-to-peer lending, payments and exchange services.
How DafriBank work:
Dafribank starts its digital banking operations by launching a cryptocurrency wallet and creating an internal currency called "Symbol" (SYMB). After this has been done, users can make transactions using cryptocurrencies like BTC or ETH.
The service capacity of the platform is scalable up to three hundred thousand TPS through the use of advanced technologies like DAG, sharding and state channels.
About ICO:
ICO will be conducted in two rounds. The first, which is private pre-sale, has already begun. It would end on March 5th 2021. Public sale would start immediately after that and it would end on April 30th 2021. The ICO would be conducted with a pre-sale and two public sales.
The main reason for having the DafriCoin is to provide financial services and transact using cryptocurrencies like BTC and ETH. It will also serve as the platform's own currency that could then be used for other products and services.
Conclusion:
By providing the entire financial service under one roof, users of this platform would get all that they want without having to move from one place to another. Also, the decentralized nature of the platform ensures that user's data remains safe and secure. It is a project that I am looking forward to seeing come to fruition as it will be a great success.
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Official Information:
Website: https://www.dafribank.com/
Telegram: https://t.me/DBATalk
Road map: https://drive.google.com/file/d/15U_DhRTRiJdINXhuQSEaZUvHiCUYveS4/view
Presentation: https://drive.google.com/file/d/1YhXsT7JB2W1R7j1s7dS2QPZRzBjWPtfh/view
Linkedin: https://www.linkedin.com/uas/login?session_redirect=https%3A%2F%2Fwww.linkedin.com%2Fm%2Fcompany%2Fdafribank-limited
Twitter: https://twitter.com/DafriBank?s=09
Instagram: https://www.instagram.com/dafribank/
Facebook: https://www.facebook.com/DafriBank/
Author Information:
Bitcointalk username: Horraygram
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2306708;sa=summary
Telegram Username: @Horraygram
POA: https://bitcointalk.org/index.php?topic=5371346.msg58592893#msg58592893
DBA address (Trustwallet): 0x34E5e9749ceB185e29cd239EA631324dD03Bf90A