Definition of DeFi Token
Thus, DeFi tokens are tokens used by users to take advantage of a particular DeFi application. However, these tokens cannot be used as “currency” in the main blockchain system.
Basically, DeFi is a decentralized finance application that runs on an existing blockchain platform. This system eliminates authority in transactions, so that financial services, from storage to lending and borrowing, can be carried out directly between users and providers without intermediaries (middlemen).
As, you transact using smart contracts and your trust in computer codes that are inputted there.
Even without the help of banks and financial institutions, you can still save from the interest margin, take credit, buy and sell assets to save on the network. These functions can be performed with digital assets, only that you are using the DeFi token as an asset.
Following are the principles that a token must comply with in order for users to take advantage of it in a DeFi application.
DeFi Token Terms
Programmed
Tokens run in software protocols consisting of programmed smart contracts. That is, smart contracts describe the token's features and functions, as well as its rules in a pre-programmed computer language.No Permission Needed
As part of a decentralized system, tokens have an inclusive nature. That is, anyone can get it without the need for special permission.No Need for Trust
Smart contracts not only allow transactions without third parties, furthermore, this feature also allows transactions between parties who do not know each other. Therefore, you don't need to trust each other to execute transactions using DeFi tokens.
The protocol that runs in the system where the token operates does not have a special authority that regulates it. Protocols are run by the network, not by trust.
- Transparent
DeFi tokens are digital assets that run on the blockchain, which means that each transaction is recorded in a published ledger. This makes the DeFi token an asset that is transparent in carrying out its functions.
What Is VOLLEY Token
Volley is a one-stop-shop for decentralized finance, cross-chain swaps, staking, earning, and yield farming on the Ethereum Blockchain. Volley creates a DeFi ecosystem to make DeFi items more available to users around the world. The Volley token protocol will build decentralized exchanges, lending protocols, on-chain governance, and many more functionalities to create a holistic ecosystem.
Volley token aims to offer very efficient, highly secure, simple,
transparent, and convenient exchanges, earning, and maximal investment
management possibilities. All in a single unified safe environment, with no need
for any intermediary. The platform promises to make crypto trading more
convenient while also reducing slippage. The platform has developed a way of
converting cryptocurrencies to eliminate roadblocks such as a confusing and
complex interface, a lengthy registration process, hidden fees, and other issues,
as well as to simplify the entire process for the end-user. NFT minting, swapping,
staking, yield farming, borrowing, and lending are just some of the DeFi options
available on the Volley token platform for blockchain assets across several
blockchains.
Ethereum-
based decentralized ecosystem. As a result, yield farming may have an impact on
how investors hold their investments in the future.
Solution and Business Model
Volley token is a one-stop-shop for decentralized finance, cross-chain swaps,
staking, earning, and yield farming on the Ethereum blockchain. Volley token
creates a DeFi ecosystem to make DeFi items more available to users around the
world. The volley token protocol will build decentralized exchanges, lending
protocols, on-chain governance, and many more functionalities to create a
holistic ecosystem
The objectives of Volley token can be summarized as follows -
To create a one-stop-shop for crypto customers to use any
blockchain asset with ease.
Make crypto assets function in a variety of ways. And also get
access to a wide range of DeFi services across multiple blockchain
networks. Users can stake, farm, and mint NFTs, among others.
TOKENOMICS
Volley is a utility or governance token on the Volley token network. The
total supply is 1,000,000,000,000,000 VOY.
The Volley token is the native utility token of the Volley token platform and
will be used for a variety of purposes, including allowing holders to receive a
share of transaction costs, providing membership discounts for products and
services, paying service fees, and rewarding them for staking money, and unique
membership rights.
The Volley token will be supported on the Ethereum blockchain, the
Binance Smart Chain (BSC), and the Solana network and many others, in the
future. The token can be used for
The Volley token is a tradable asset or utility that is stored on the
blockchain and may be used for investments and other financial transactions. It
also allows users to indirectly govern the protocol through proposals that are
used to improve the protocol's ecology.
Distribution of the tokens is as follows -
IEO: 5%
ICO: 15%
Team: 25%
Advisors: 8%
Partners: 7%
Ecosystem: 38%
Marketing: 2%
Conclusion
maintaining platform and structuring Volley tokens and
launch token Volley, future line of business may no longer be commercial
feasible, and the Company may choose to discontinue development and operations
Volleyball token platform.
Situs web: https://www.volleytoken.io/
Twitter: https://mobile.twitter.com/Volleytoken?t=inE75ujjI4a1i-8cqWuj9A&s=09
Telegram: https://t.me/Volleytoken
#Proof Of Authentication
Bitcointalk username: Tedjohartono
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2619025
BSC address: 0xbD424749fbb2f660f3bc350Fb792E836d2cf5C3E