Articles by "DeFi"
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di June 05, 2021 0

The Best non-fungible Defi protocol with the highest yield farming

In this era of globalization, time is very important for everyone. Nowadays digital currencies have been introduced to reduce transaction times. The cryptocurrency was originally known as a payment system that allows people to be able to make transactions very quickly, without third parties, several alternative investment opportunities have developed, and have proven to be a more efficient and profitable investment tool than traditional financial returns. 

Cryptocurrencies have the potential to be the largest digital asset for investment. because it is easy to use, secure and allows to reduce high transaction costs. It is a maxim in financial markets that have proven to be a lifter of interruptions in financial transactions around the world.

Non-Fungible Defi (NFD) token technology that aims to be self-sufficient. This platform collects a lot of protocols. For example, when a user deposits, the platform will automatically allocate user funds to the latest consensus with the highest revenue and provide users with an inscription to verify ownership and earnings of Non-fungible Defi (NFD) tokens. The platform allows users to withdraw their initial deposit tokens and earnings via NFD Tokens which can also be exchanged for any cryptocurrency.

Why Choose NFD?

The NFD token is a Non-Fungible Defi project governance token. The token will be used to gain full access to all Defi Non-Fungible products. Owners of these tokens will get to use them on Defi products mainly through staking, farming, and gaming platforms. 

An NFD game that allows you (potentially) to earn crypto while playing online. NFD games are a mix of thrill and profit potential. Playing these games to potentially earn crypto requires you to learn about the game and how to win to receive prize money.

NFD Features:

NFD Gamify Def:

NFD is built on the Binance Smart Chain with eligible tokens, yield farms, and non-exchangeable token trading, and connects artists with the world. This ecosystem is designed around NFT, games, and tokennomics which will benefit the end-users.

Non-Fungible Defi DEX

Users can use the automated market creation mechanism (“AMM”) to exchange between FT and NFD on the Binance smart chain, but soon it will also support cross chains such as Ethereum, Polkadot, and Matic.

☑️ NFD SWAP

☑️ NFD Staking

☑️ NFD Farming.

Overview BEP-20 Token Non-Fungible Defi

Total Supply : 
- 50,000
IEO Tokens:
-10,000
Private Sale Tokens:
-5,000
Farming/Staking Tokens:
-10,000
NFT’s Tokens:
-5,000
Exchange Tokens:
-7,000
Marketing Tokens:
-7,000
Airdrop Tokens:
-1,500
Advisor Tokens:
-3,000
Team Tokens:
-1,500

Conclusion

The NFD token is a Non-Fungible Defi project governance token. The token will be used to gain full access to all Defi Non-Fungible products. Owners of these tokens will get to use them on Defi products mainly through staking, farming, and gaming platforms.

Official Resources :

Website: https://non-fungible-defi.com/

Twitter: https://twitter.com/nfd_token

Group: https://t.me/nfdofficialchat

Channel: https://t.me/nfdannouncements

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di August 25, 2020 0

Binance Launches 'Build For Bharat' To Accelerate India's Blockchain Ecosystem


Binance, a global crypto exchange recently announced the launch of the hackathon, "Build for Bharat" in India. This hackathon will focus on Defi together with the accelerator program. Back in March 2020, the exchange collaborated with WazirX with the aim of improving the blockchain ecosystem in India.

Build For Bharat is India's first Defi focused Hackathon

Binance has announced that Build for Bharat will be India's first Defi-focused Hackathon. With the help of this hackathon, the company aims to bridge the gap that exists between blockchain and mass adoption in the country. Through a blog post on August 24, the exchange has announced every special detail about the hackathon.

Binance will select around 100 teams for the Build for Bharat event and will receive application forms until September 11, 2020, for the same. It was revealed that together with Defi, Binance will accept other projects as well such as trading platforms, digital asset wallets, and many others.

Binance expects great participation

The current Defi ecosystem in India is relatively small compared to other Defi markets. However, Binance expects that due to the good exposure of the Build for Bharat event, there will be a large amount of participation. Google Cloud, Marlin Protocol, Ankr Cloud Infrastructure, Band Protocol are sponsoring this hackathon. This acceleration program is sponsored by the Polaris Accelerator program. Due to all these partners, the company is targeting large participation in India.

An invitation from Binance reads, "Build for Bharat invites creators, innovators, and builders from all over India to come and showcase their talents by building unique and creative products using digital assets and blockchain technology." It was also stated that companies are not looking for big companies as this event is focused on startups and individuals.
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di August 14, 2020 0

Defi Burst: YAM Token Market Capitalization Drops Near Zero After Founder Claims He 'Failed'


Yield growers excited about the recent decentralized finance (DeFi) project, Yam Finance, got a rough resurgence after the token's value plunged to near zero. Developer Yam Finance discovered a major flaw in the rebasing contract and at 4 a.m. ET, co-founder Brock Elmore tweeted that he regrets having "failed."

On Wednesday, more than $ 500 million was funneled into the DeFi Yam Finance project. More than $ 120 million continued to flow after developers discovered a bug in the smart contract. After the bug announcement, the value of the YAM token dropped significantly as the token touched an all-time high of $ 167.66 per token. At the time of publication, tokens were only valued at $ 0.97 per YAM.

The token was launched on Tuesday and almost immediately a large amount of crypto was thrown onto the yield farming platform. The token is supposed to maintain its value in USD by using an elastic supply inspired by the Ampleforth DeFi project.

Many people complained that the codebase was not audited and raised flags for specific individuals in the community. The bugs found were terrible and resulted in additional YAM being printed during the rebasing period.

After the project developer realized the codebase couldn't be saved after trying to lock down 160,000 YAM, the developer found the smart contract was bullshit. In the early hours of the morning on Thursday, Yam Finance co-founder Brock Elmore tweeted about the situation. Elmore said:
"I'm sorry everyone. I failed. Thank you for the insane support today. I'm sick of sadness."
A number of well-known ETH supporters told Elmore the project was a good endeavor. "You're giving the community something unique to experiment with - thanks," tweeted Anthony Sassano.

The Yam Finance project is still one of the most trending conversations on social media and crypto-related forums. Crypto entrepreneur Bruce Fenton discussed the DeFi token situation on Thursday and said: "Your DeFi tokens are trash."

"They're not a good form of money," added Fenton. “You don't own the company. There is no right to income. There is no real income. The government is nothing without rights. Bullshit - often driven by the same comedians who got rich in ICOs. Few understand this. "

However, not everyone agrees with Fenton's observations regarding the DeFi token.
"There are no such corporate holdings as applicable to ANY utility token or 'coin currency'," Trustswap CEO Jeff Kirdeikis responded to Fenton's tweet. "You guard the gates of what 'has value' here by saying only security tokens have value? General. Owning BTC also doesn't give you ownership in the company or income… A lot of people understand this," added Kirdeikis.
Remember: Any information you read about YAM proposals or actions should be verified through posts by @yamfinance on Twitter and Medium. If and when we support other channels such as Discord, this post will be updated with the relevant links.
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