Hello guys, you are all aware of the decentralization and DeFi rush that surrounds everywhere recently. The concept of DeFi, which is just entering our lives, has been in a huge expansion for a few months and they have turned the momentum into positive by dragging the crypto universe with them. In this article, I will talk with you about the concept of decentralization, the concept of DeFi, and the new UniDapp DeFi platform. If you want to closely monitor the integration of bitcoin and blockchain technology into our lives, I recommend that you continue to spend a few minutes each day.
What is Decentralization?
In recent years, many things in our lives have been centralized and we now want to be protected from the negative effects of these central structures. The concept we call decentralization is based on the management of a single manager, center or company in the center, the whole society or all employees. The fact that all decision-making mechanisms are in the hands of a single power leads to the loss and devaluation of societies or individuals' right to say in the administration. Decentralization has emerged as a reaction to all this to bring society back to the fore to allow communities to make their own decisions.
What is Decentralized Finance (DeFi)?
Defi (Decentralized Finance) means decentralized finance when expressed in Turkish. All financial activities that deal with finance and decentralized can be included in this concept. They implement a decentralized version of exchanges, cryptocurrencies, financial institutions, and anything else based on finance you can think of.
When we look at the stock exchanges, we have witnessed many times that central exchanges have escaped by seizing most people's investments in the past. The best known of these was the Mt.Gox scandal. It turned out to be a rejection to all of these executive or company-induced problems, DeFi.
Platforms that are entirely based on smart contracts, where investments are controlled by investors, and where there is no manager or similar structure in the system, have started to emerge. One of them is UniDapp DeFi platform. Let's get to know better together now.
UniDapp Decentralized Trading Platform
After it turned out that many trading platforms that define themselves as decentralized are actually centralized, software developers have come up with a formula that can only trade on smart contracts. It is the future form of trade where these systems are completely created and used by humans. We have seen the most primitive form of this structure on the UniSwap trading platform, yes, it can be traded, but its use is complex and does not have enough functionality for most users.
UniDapp is a highly innovative exchange compared to UniSwap and other decentralized exchanges. It is also a truly decentralized trading platform that allows you to use all the features of centralized exchanges, working entirely on smart contracts.
On UniDapp, users make transactions using their own wallets. When they want to buy or sell something, it has the ability to do this with the help of smart contracts without using any intermediaries. This feature ensures that user investments are completely safe thanks to smart contracts. Your investments are only in your own wallets, not in other people's wallets as in central exchanges. This allows you to discover decentralization by protecting you from any kind of fraudulent or theft activity.
Other Decentralized Stock Exchanges etc. UniDapp
It is not possible to create limit buy or sell orders in today's primitive decentralized exchanges. UniDapp offers you an order picking service where you can enter your orders in advance. This is an innovation compared to other decentralized exchanges and provides great business convenience for those who will trade.
As another different feature, UniDapp allows users to monitor liquidity tables. Users can easily see the status of their liquidity pools and easily determine the positions they need to take accordingly. They have managed to add one of the most important features that I see in centralized exchanges but not in decentralized exchanges.
You can make plans on UniDapp. By placing a sign in the price field you want, you can have your alarm ring and notify you when the crypto currency you want to buy or sell coincides with that price. This is a feature that saves them a lot of time by adding that they wait on the screen all day.
Ease of Use
The biggest problem of all decentralized trading platforms is that they are not suitable for people who are not very familiar with the crypto world. Their interfaces are complex and difficult to use. Using today's decentralized trading platforms requires a certain level of expertise for most users. UniDapp DeFi trading platform is easier to use than all decentralized exchanges in terms of ease of use. Its interface supports easy-to-use features such as tracking orders and notifications with high performance, bringing users the opportunity to trade easily using smart contracts.
Staking with UDP Token and UniDapp
UDP token is the cryptocurrency that will be used to use various in-platform features and to manage the platform. It was created on the Ethereum network based on ERC-20. If you wish, you can keep it in your wallet to get a profit share from transactions to be performed on an investment tool or UniDapp. At the same time, you must have some UDP Tokens to be able to perform transactions on UniDapp and pay transaction fees.
A commission fee of 0.25% will be charged for every transaction made on the platform. While 90% of this fee will be distributed to UDP token holders as dividends, only the remaining 10% will be allocated to the UniDapp fund to support future innovations of the platform and the platform.
Investment Process
Those who like the platform and want to invest in order to get dividends will be able to purchase the UDP token during the investment process. Only 30% of the UDP tokens, with a total number of 30 million, equivalent to 9 million tokens, will be eligible for investment. The price set for UDP tokens, which will be opened for investment at 15:00 UTC on September 16, is set to receive 4000 UDP for 1 Ethereum. To ensure that everyone can participate in the investment process and the distribution is even, the set amount per user is limited to 5 Ethereum. If you decide to invest after doing the necessary reviews, don't forget to set your hours.
I add the project links at the end of my article so that you can get more detailed information about the project.
Website: https://unidapp.app/
Twitter: https://twitter.com/UniDApp
Telegram : https://t.me/unidapp
Medium : https://medium.com/@unidapp.project
Writer's Info
Forum Name: Sandus_Cryptolover
Forum URL: https://bitcointalk.org/index.php?action=profile;u=1983730