DeFiXy - Easier Decentralized Finance for Everyone (DeFi)

November 24, 2020

Hello guys, I will continue to keep you up to date with the latest developments in the market and to introduce new projects. If we briefly summarize the year 2020, it has been a year when DeFi projects wreaked havoc, however, with the halving effect of bitcoin. While the wind of decentralization is rapidly advancing to adapt to our daily lives, we face some problems and new projects focus on eliminating these problems. Many new projects have emerged and some of them are very close to success. Today I will talk about the DeFiXy project and its goals.

What is Decentralized Finance (DeFi)?

Decentralization is basically a system that aims to distribute the authority concentrated in the center to the communities and prevent the power of the community from getting ahead of a single person or company in the center. Today's systems are completely central to the preferences of billions of people, and only a few people represent the preferences of the billions, and although these few people are defined as elected or empowered, they can make decisions different from the preferences of the community. In central systems, the entire community is dependent on the center and is affected by the center's actions.

Decentralization refers to the absence of a center, manager or authority. All sovereignty, decision-making and other things are directly in the hands of the community. Thus, risks arising from the manager in central platforms do not occur. Management power is fully where it should belong.

Decentralized finance is directly focused on community rather than classical financial institutions. Investments are not built on trust in a single person, they are all processed on smart contracts as determined by the community. In this way, the community can perform all financial transactions among themselves without the need for managers and intermediaries. This actually leads to the elimination of extra fees paid to intermediaries and a fairer profit sharing for all parties.

What Problems Does DeFiXy Solve?

Although the world of Defi is developing rapidly, there are still unresolved problems. By adapting to real life, he continues to have difficulties in attracting more people. It still contains elements that are very difficult to understand and use for ordinary users who do not have sufficient technical knowledge. DeFiXy aims to accelerate adaptation by designing a platform that everyone can use and benefit in a simple way.

Imagine a DeFi platform that anyone can use without any technical knowledge. Why would people choose others as they would have to pay higher rates of return and less interest on borrowing? The idea might be great, but expanding the use is a crucial step. There are still very complex DeFi platforms for ordinary people on the street to use, and DeFiXy plans to create a platform that can be used by exactly everyone. A decentralized finance platform that is easy to use and can be used without technical knowledge.

What Can You Do on DeFiXy?

In fact, it would be more correct to define the DeFiXy platform as a broad ecosystem that brings together many different features of decentralized finance. It contains many different features to meet your financial needs in different fields.

You can easily trade the crypto units you want to exchange with another person who wants to exchange them without the need for a central agent (P2P). You saw another example of this on Uniswap and similar platforms last year, but it was not very easy for ordinary users to use because they require a lot of technical knowledge.

Do you need to borrow or earn passive income by putting your money at interest? With DeFiXy , you can do this very easily and without any intermediary fees. Since it is a decentralized platform, all transactions are made through smart contracts and your own wallets. If you wish, you can get staking returns over crypto currencies or stable coins by using the Stake feature.

DeFiXy future operations will include all legal transactions and a debit card integration to serve users once the ground has been prepared. In this way, you will be able to use your cryptocurrencies much more easily in many more areas of your daily life.

DFX Token and Features

DFX token is a token created by DeFiXy on the ethereum network. It is planned to use the platform management to be decentralized and to provide all payment terms within the platform. By staking you will have the opportunity to earn DFX tokens while earning passive income. The largest distribution share of DFX tokens produced as 100 million in total will belong to users. 50% is reserved for staking income and only 4% will be open to investors for initial funds creation.

In order to get more detailed information about the project, I add the site information of the DeFiXy project at the end of my article . You can contact me via my contact addresses for any question or opinion you want to ask me. Yours truly..