Cryptocurrency is a new innovation that creates a form of digital asset designed as a medium of exchange where the ownership records of individual coins are stored in a distributed ledger that exists in the form of a computerized Public Database using strong cryptography that secures transaction records by storing them on a Public Network. apart from controlling the creation of additional coins, Cryptocurrencies also allow anyone to verify the transfer of ownership of coins through public networks, Unlike Fiat which is issued by a central authority Crypto uses Blockchain Technology as its basis and introduces a new concept that is more transparent, The affected sector is Banking which introduces Decentralized system that gives access to everyone to be able to control their assets in full without the need to go through a centralized intermediary, Blockchain also introduces the DeFi system or Decentralized Finance in Imana is a complex financial system implemented through a Blockchain-based public network.
What is DeFi?
DeFi or Decentranlized Finance is a new concept that offers a decentralized financial system that implements various traditional banking services with Blockchain Technology. This system creates a new, more complex financial Ecosystem that can be accessed by everyone without the need for a centralized intermediary such as a bank. DeFi enables Peer-To-Peer transaction processing ensuring transparency with viewable Data on public networks.
What is Safehaven?
Safehaven is a Community Based Ecosystem that offers access to various traditional banking services implemented with Blockchain Technology. They offer a unique new concept in their DeFi Ecosystem where users can easily access various DeFi services especially the Staking system, Safehaven will be run on the Binance Smart chain network enabling the implementation of Smart Contracts that facilitate various transaction processes automatically at lower costs. and faster time, Creating a new financial system that is more innovative and revolutionary. Users can access Safehaven's DeFi services via web browsers and dApps such as metamask or trust wallets. The dashboard they designed also makes it easier for users to access various features.
Community Based DeFi Protocol
The Safehaven team designed a protocol that prioritizes all community members regardless of status, their Smart Contract implements an Antibot system where if a transaction that sells more than 0.5% will incur a 2BNB fee which will be sent directly to the BNB Pool, They also keep the volume healthy by penalize traded wallets up to 0 balance where they cannot claim rewards from BNB Pool, another thing is Buyback program which ensures token value is maintained with 10% tax implemented in BNB Pool rewards which is more than 0.5 BNB when processing claims.
What is Safehaven Native Currency?
The Safehaven team will issue a Native Currency called Haven and this is a form of currency that is tokenized through Blockchain Technology on the Binance Smart Chain Network that allows the implementation of Smart Contracts that make various transaction processes automatically at low costs and faster times. Haven Token is designed for the community with the implementation of Advanced Algorithms on Smart Contracts that restrict the movement of Whales, Bots and Traders with various unique features which I have described above.
DeFi Market Size
The Cryptocurrency market is currently one of the largest in the Global market and one of its branches, namely DeFi, has also become one of the hype markets in recent months. Along with the spread of various institutions began to apply Blockchain Technology in their ecosystem and everyone also began to realize the power of technology. Blockchain and through DeFi which introduces a complex banking system that is innovative and transparent.
Conclusion
Decentralized Finance introduces a new, more transparent financial system that eliminates the complicated role of centralized intermediaries and becomes one of the best innovations in the Blockchain market that has a huge impact with the potential to replace the current traditional financial system, with a large market size and increasing number of users, but unfortunately various DeFi Protocols out there are vulnerable to various crimes like pulling carpets and other things, Safehaven offers a secure advanced DeFi system for all its users with advanced Algorithm implementation on audited Smart Contracts and community self managed liquidity. Haven's value will also be maintained through a release protocol that locks liquidity on the burn address, this provides maximum transparency and is carpet resistant over the Unicrypt Network. Safehaven also offers secure tokens with a 16% fee applied from every transaction on the public network which is partially distributed to its holders, ensuring that demand will continue to grow over time and the community gets bigger and stronger.
Information Official Resources:
Website: https://www.safehaven.finance/
Telegram: https://t.me/SafeHavendefi
Twitter: https://twitter.com/SafeHavenDeFi
Reddit: https://www.reddit.com/r/SafeHavenDefi/
Author:
User Name : minstan
BTT profile : https://bitcointalk.org/index.php?action=profile;u=2602172
BSC Wallet : 0x72F8ba82B094025CF179995cEf5eC2CF6537F59e