General Presentation
Lots of positive development has happened in Crypto industry since early 2019 when DeFi technology entered into the industry. So far ,the growth of the industry hasnt been a smooth journey because there has been a lot of ups and downs .
Decentralized Finance known as DeFi has emerged as a game changing concept and sector in Crypto space which has captured lots of Global investors attention and helping in the mission of Crypto global adoption. New blockchain startups and existing blockchain platform have been integrating DeFi into their various ecosystem so as to improve their operational standard and offering the global users more versatile and efficient blockchain services. There still exist some crypto users who believes investing in Bitcoin is the height of investment in Crypto space . Majority of them have not heard about DeFi nor explore the potential of the technology . For those class of people, i will briefly explain what Decentralized Finance known as DeFi is all about.
Draken DeFi Chain building the next Gen Defi Blockchain
Taking a brief look Of Decentralized Finance (DeFi)
Decentralized Finance (DeFI) without doubt will take cryptocurrency into mainstream though the entire industry is still very young compared to some industries that has been existing for countless decades. The services rendered by Financial institutions like Banks, Cooperative Society, Loans and Mortgage institutions , Insurance Companies and Security and Exchanges floors are regarded as Financial services but all these services are rendered in a centralized system with the aid of human resources . Decentralized Financial ecosystem (DeFi) functions in contrast to this .DeFi offers all these services offered in the Centralized Financial set up but in a decentralized system . This simply means services such as Savings, Lending , Insurance , Trading , and many more are also available in DeFi set up but rendered using Blockchain decentralization approach . The services are powered and rendered via a Powerful and highly scalable blockchain DApps . The flexibility of this DeFi DApps allows users to carry out any form of financial services of their choice by interacting with the DApps . The DApps is powered on blockchain Smart Contract and this allows the DApps to function autonomously and accurately without requiring any form of human intervention in the management of the entire financial services.
In this publication , i will be discussing about DRK DeFi Ecosystem . Lets go now into the real business. As stated in the previous paragraph , Crypto industry is a nascent industry and has faced with some challenges which makes it becoming more stronger and vibrant. Problems such as insecurity , Lower blockchain scalability and lack of basic infrastructures has been the major barriers encountered by the industry . Some few year back , Ethereum blockchain emerged with its revolutionary technology to offer a blockchain infrastructure to support the progress of the industry . Not quite long ,Tron blockchain joined the race .The progress never seized , all stages of development needs modification. Blockchain users have been complaining about the problem of scalability, low transaction speed and high transactions charges attributed to the existing blockchain networks. The team of DRAKEN GROUP consist of FinTech experts .Having observed the loopholes in the existing blockchain networks , they have resolved to developed the next generation blockchain ecosystem so as to change the entire narrative in Crypto space and offering cost efficient , highly scalable and most secured blockchain platform .
PROBLEM BORN SOLUTION!!!
DRAKEN BLOCKCHAIN ECOSYSTEM (REVIEW)
The existing problems in crypto sphere has lead to the solution innovated by DRAKEN group . As stated earlier, crypto industry lacked adequate infrastructure which will facilitate the global adoption . For cryptocurrency to reach the main stream , there must been an enabling infrastructures that will prompt easier , quicker and cheaper access to cryptocurrencies. Higher transaction cost associated with blockchain transaction will not help the mission of global adoption .Besides, the slow transaction speed will not be of any assistance either . There must be flexibility in the use of cryptocurrencies , hence removing the existing complexities attached to the use. All these problems has been tackled and solved by DRAKEN Group . The team are visionary leaders in crypto industry who support the mission of global adoption. In a bid to solve all these problem , DRAKEN Group has developed a powerful and highly scalable blockchain platform designed on the advanced Proof of Honour (PoH) Consensus Algorithm . The blockchain is basically designed for general financial services . It is simply an Epicenter of DeFi which incorporated all DeFi products and services .
The speed problem has been resolved by the team of DRK . Draken Chain is capable of handling up to 5,0000 transaction per second . The transaction charges is very low compared to any ever existed blockchain platform . All these solution has been designed to ease the burden of Crypto users and encourage crypto adoption at global level.
Another fantastic feature of DRK Chain is transaction anonymity . Decentralization principle indicates every one has right to whatever belongs to them . They have right to financial privacy . DRK CHAIN allows transactions anonymity . This means users can simply opt to keep their transactions anonymous in which the system will keep the transaction history non public .
This article is focused on making comprehensive review about the entire operations of Draken Ecosystem.
I will not hesitate to discuss the Products and services offered by DRAKEN Ecosystem . Among the list of the products includes:
(a) DRAKEN CROSS CHAIN EXCHANGE
Among-st the finest services offered by DRK ecosystem is DRK Cross Chain DEX .DRK DEX offers solution to the problem in cryptocurrency trading system . The cross chain features allows trading of multiple crypto assets with different blockchain network . This is one of the limiting factor in most of the DEXes out there because they are mostly limited to single chain trading system . Different types of crypto assets can be traded in the DEX in compliance with the Chain protocol.
DRK DEX is built on Draken Chain . The DEX breaks so many prevalent barriers in the existing DEXes platform in Crypto space. DRK Chain empowers the platform and facilitate the smooth running of the DEX. It allows high network speed , high level of security and cheapest transaction charges ,
(b) DRAKEN ENTERTAINMENT PLATFORM
DRK entertainment is an independent platform of DRK ecosystem that implements DRD token for its operation. Game lovers who want to enjoy game in a transparent and highly decentralized ecosystem can patronize Draken Gaming hub . It gives users the best Gaming experience. Varieties of blockchain based games can be accessed on Draken Entertainment platform . The Game is powered by a well written smart contract which automate the system of operation in the gaming platform , hence operating without human intervention and ensuring transparency . Winnings are paid out by the Smart contracts instantly . If you have not staked Games in Draken Platform , you are missing a lot . DRK has developed a Win For All Gaming Hub for everyone . A trial will convince you.
(c) DRAKEN DeFi ECOSYSTEM
DRAKEN has not taken the least position in Crypto space . The company is leveraging the advantages of DeFi to boost users experience and profitability . Users of DRK platform will have access to the booming DeFi products via the platform .DRAKEN DeFi ecosystem consists of the following products
(i) DRAKEN P2P LENDING PLATFORM
(ii) DRAKEN INSURANCE
(iii) DRAKEN LAUNCHPAD
(iv) DRAKEN LAUNCH POOL
(v) DRAKEN STACKING
(vi) DRAKEN CROSS SWAP
(vii) DRAKEN COMPOUND
(viii) DRAKEN AUCTION
FINAL NOTE ,
The team of DRAKEN GROUP consist of Fin-tech experts with decade of experience and high level of expertise .Having observed the loopholes in the existing blockchain networks , they have resolved to developed the next generation blockchain ecosystem so as to change the entire narrative in Crypto space and offering cost efficient , highly scalable and most secured blockchain platform . DRAKEN is the blockchain ecosystem of the future . Be part of the future. #DRK #Defi #DEX #DrakenDEX #Crypto #exchange
Official Resources
WEBSITE: https://draken.tech/
WHITEPAPER: https://drive.google.com/file/d/1mHtV50CktdFCyD_NaH370sZ8sOBehgce/view
TELEGRAM : https://https//t.me/Drakentech
FACEBOOK : https://www.facebook.com/DRKDEX
TWITER: https://twitter.com/DRKDeFi
DRAKEN DEX https://draken.exchange/
DRAKEN ENTERTAINMENT https://www.drakenx.io/play
STAKING PLATFORM : https://staking.draken.tech/
DRAKEN BLOCKCHAIN : https://explorer.draken.tech
Authorship
Bitcointalk username :koremodupe
Bitcointalk profile url: https://bitcointalk.org/index.php?action=profile;u=2681359
DRK AddresS : 0x65722Fa90dfabD51c5914281d356221b169176D5
TRON WALLET : TREwRdQNM1y6DoVnPiATf7ugtSpapgKxnq