How iBid Will Become the Future of Decentralized Finance

We have been hearing about how DeFi (Decentralized Finance) can be the future of global finance. What started as a joke a decade ago with the launch of cryptocurrencies is now become reality with the cryptocurrency market capitalization pegged at billions of United States Dollars.
With the success recorded so far by cryptocurrencies, it spurred other decentralized platforms to come up with novel solutions that can bolster the success of the financial system using decentralized means. That is the concept behind Decentralized Finance (DeFi) whereby financial transactions wouldn’t be in the hands of a few people.

iBid – The Future of DeFi

Decentralized Finance (DeFi) doesn’t have to work in one way alone. It shouldn’t be all about facilitating peer transactions alone. Sometimes, it extends to the other segments of finance, and that is what iBid wants to hit hard on.
We are looking at a DeFi ecosystem that will include most of the important decentralized finance structures. From peer transactions (P2P) to cryptocurrency exchanges, and down to Decentralized Applications (DApp); iBid has what it takes to create a formidable DeFi ecosystem.

The iBid Globalized Financial Ecosystem

If the DeFi model created by iBid must be held in high esteem, it has to be in a way that it doesn’t cut off the potential users from facilitating transactions. That is why iBid created its financial ecosystem to revolve around most of the traditional financial structures only that they will now operate under a decentralized architecture.

• Transparency
  iBid’s DeFi is built on a distributed and shared data system (blockchain), which helps in the promotion of collaboration and transparency.

• Direct Exchange
  The second feature is that financial instruments can be exchanged on a peer basis. That is not leaving out the fact that large corporations and companies can publicize their products and services directly to the potential buyers and retailers on iBid.

• Multi-Level Marketing
  Multi-Level Marketing (MLM) is considered the business of the next century because of the wealth creation model. The model entails helping a company to sell or market the products, inviting others to be a part of the marketing team and getting rewarded for doing so.
  So, iBid allows for the MLM business model that allows business owners to create new financial value and system that allows them to recruit more persons to market their products and services in exchange for a commission. That way, they will be attracting more customers/buyers and making the marketers millionaires in the process.

• Profit Distribution
  iBid works as a non-profit ecosystem, thereby, creating an opening for more incentives. Here, we are looking at how the contributors to the broader iBid ecosystem can receive incentives and rewards from the platform for the efforts they make towards the development of the broader iBid ecosystem.

• Product Listing
  Do you have a product for sale? You can be confident that listing it in a marketplace with potential buyers wouldn’t be difficult, as iBid has created a system for that.
  You can conveniently list your products and services on iBid because of the decentralized model of the platform.

Broader iBid Ecosystem
The push to become the leading DeFi isn’t something iBid takes for granted. Already, it has set machinery in motion to ensure that the efforts being channelled to that end come off favourably.

To that, varieties of DeFi-focused products have been shortlisted for listing in the broader iBid ecosystem. Among them are:

• P2P Lending
  Have you been looking for a way to get or give out loans with depending on centralized platforms like banks? You don’t have to bother about that any longer because iBid has something in store for you.
  Called the P2P Lending platform; iBid uses that platform to connect borrowers and lenders. You are sure that the loan terms will be favourable just as the interest rates are something you can conveniently pay when it’s time.

• DApps
  Decentralized Applications (DApps) are the order of the day. Because blockchain technology where they are based is decentralized, it also makes sense that such applications aren’t under any authority.
  That informs the reason why iBid created an opening for you to publish and get access to a variety of DApps on the platform.

• Blockchain Auctions
  Auctions are now taking a new structure with the features I have seen on iBid. The essence of this is to create a system whereby products can be offered at discounts within an allotted time.
  If you are using the iBid blockchain-based auction system, you will be allowed to bid for available and auctioned products for as little as $0.10. You will only win the auction if no other bidder placed a bid for the same product within 10 seconds from the time you placed yours.

Wrapping Up
Decentralizing the traditional financing system will take some time, but with a platform like iBid, the journey will be a bit closer.
So, get on board now and see how the suite of products on the broader iBid ecosystem can be what you need to enjoy Decentralized Finance (DeFi).

USEFUL LINKS
Website: https://www.ibidtowin.co/
Telegram: https://t.me/ibidtowin_co
Android App. https://android.ibidtowin.com/
IOs: https://testflight.apple.com/join/6zY...
Twitter: https://twitter.com/iBidtowin_co
Medium: https://medium.com/@ibidtowin
YouTube : https://www.youtube.com/channel/UCX6R...
Facebook : https://m.facebook.com/Ibidtowin

AUTHORS DETAILS
Bitcointalk Username- Heroalt
Bitcointalk Profile link- https://bitcointalk.org/index.php?action=profile;u=2768763;sa=summary