DeFi is the brightest star in the midsummer of 2020. As the prices of Bitcoin and Ethereum continue to hit historical highs, DeFi innovative projects and benefits appear from time to time in the public eye. The huge profits of Ethereum DeFi after the market has accumulated attracted a lot of attention. Batch after batch of blockchain developers and investors have entered the track, and the resulting butterfly effect is that the transaction speed and transaction fees of Ethereum have been criticized by others.
Data shows that the number of unconfirmed transactions on the Ethereum network exceeded 150,000, and the Gas Fee once soared to 1900 Gwei, a record high.
Faced with the rapidly skyrocketing market demand and the inability of the Ethereum network to meet the market demand, V God is answering the question of "Why not launch Ethereum 2.0 soon". He once said that the problem to be solved now is the problem of expansion, and there is no need for ether now. Square 2.0.
In the process of Ethereum's self-correction, the story of the booming DeFi is no longer "monotonous". Instead, the market's choice of public chains is more diverse, and it also breeds a new generation of financial ecology.
As TRX's consortium chain, TBCK is a consortium chain that integrates decentralized financial management protocols. It will further integrate CeFi and DeFi, and do pioneering practices in digital asset transaction services and corporate certification services to provide users with a more efficient financial experience .
On March 5, the WBF exchange launched the TBCK/USDT trading pair on DeFi. According to official information, the TBCK project team was established on January 3, 2017, and the TBCK Foundation was established on January 3, 2019. The global market operation began on May 13, 2020. It will be online trading on September 13, 2020. The opening price is 1USDT. , The liquidity mining started on February 7, 2021, and the number of people on the chain has exceeded 50,000.
TBCK is constantly issued 2.1 million pieces and will never be issued again. As the only platform token of the ecosystem, TBCK circulates in a variety of application scenarios built on the platform, opening up the entire ecological chain through powerful technical means, and providing users with one-stop digital assets Transaction services.
In terms of mechanism settings, the constant number of issuances and the rule of never additional issuance make cryptocurrencies have the attributes of scarce resources. This is similar to the issuance mechanism of Bitcoin. As the saying goes, things are precious, and the value will eventually be reflected in the price. on.
After all, the skyrocketing value of digital assets must be built on the basis of value consensus. Just as currency was first in the form of shells and salt, society generally recognized its circulation value. Accumulating a certain base of consensus scope, participation scale, transaction frequency, and social perception will give digital currency value.
Since the start of liquidity mining on February 7, the number of participants on the chain has exceeded 50,000. DeFi provides unprecedented liquidity for the entire crypto world. This liquidity is also reflected in staking TBCK to obtain TRX income. TBCK will generate exponential system effects through pledges and liquidity mining, attracting global community users to participate in the DeFi ecosystem.
According to the official introduction, as the application field of TBCK continues to expand and the circulation of tokens is accelerated, TBCK will show exponential growth, and the income of each user held will also increase exponentially.
Value comes from consensus, and consensus comes from application.
Traditional finance has long-standing pain points that are difficult to effectively solve due to the high cost of credit evaluation, low settlement efficiency of intermediaries, and limited supervision methods. Blockchain technology has a low-cost trust mechanism that has become the best solution to the pain points of the traditional financial industry. Program.
Our vision for the future of finance is to use cryptography, decentralization and blockchain to build a new financial system, so that traditional finance follows the rules and execution of smart contracts, and enables participation and use without access conditions. Finance will operate more equitably, more openly and more efficiently in a decentralized finance (DeFi) posture. This is a very remarkable thing. Global finance will use DeFi as the public infrastructure, and assets will freely flow in and out of various financial tools. This will be a miracle in financial history.
The TBCK white paper introduces that TBCK builds a new blockchain economic system based on the special balance between the new financial system, blockchain technology and Internet application capabilities, and creates a new generation of blockchain investment and financial management ecology. Furthermore, traditional assets such as currency, stocks, bonds, etc. have been tokenized, digital works and big data are also transforming into digital assets, and the alliance chain will become the HP financial system.
The rigorous experience of the Internet tells us that from information, to traffic, communities, to users and stratification, only applications that meet social needs can obtain traffic and users. This is the consensus of the Internet era. Looking forward to the future, the underlying DeFi infrastructure will continue to improve, more diverse and complete products will continue to enrich the DeFi ecosystem, and build healthy competition. Only high-quality projects can become the market's choice and form a more stable ecological pattern.