DeFi is not just a buzzword but the very future of decentralized banking. We’ve entered this space with the highly secure and transparent, XFA token. We’ve proud to announce that XFA token is launched successfully before 3weeks.
When you think of ‘Banking sector’. Debit/credit cards, cheques, physical offices, loans and ATMs probably cross your mind. But in the finance going to stay the same like it has been for the past decades? Digitalization has given banking a pleasant makeover, although it does have the potential to undergo more reformation.
Blockchain and cryptocurrency have been around for a while and the step taker towards the new age of Finance are quite a few but still nowhere close to those depending on traditional finance. Have we become so comfortable with traditional finance systems that we are willing to miss out on the impressive advantages that blockchain tech provides?
The newest kid on the blockchain, Decentralized Finance(DeFi), is an ecosystem built on blockchain, and definitely a great alternative to the sluggish financial systems of the today. The main factor that determinates DeFi and traditional banking is the fact that DeFi has no bank. Individuals, smart contracts and crypto funds together make up the ‘bank’ in the DeFi world.
Like all things blockchain, DeFi also bore the brunt of fraudulent individuals, government security, scam projects, and more. But there is so much scope for the improvement and that’s where we come in. Adore Finance token is a platform that was built by dedicated individuals who have actually faced hardships in the concerns, and created safe space for blockchain enthusiasts.
Xfa will allows you to enjoy decentralized exchange, NFT Market Place, lending/ borrowing, derivative trading, staking, yield farming, and payment gateways. The nature of DeFi makes it the perfect ecosystem for financial activities. The benefits of the decentralized Finance that we love the most are:
- DeFi is intermediary- free:-
Visits to the banks? Annoying queues? No more of that! You have complete power of your own finances and carry out all transactions directly with another individual on the network. The concept of peer to peer comes of the life with DeFi. The involvement of banks or bank officials ceases to exist. With that comes reduction in fees payable and also the processing time of the transactions. In DeFi, Smart Contracts are the real mediators, making human error an impossible scenario.
2. DeFi is non- discriminatory:-
Getting loan requests rejected is not a rare occurrence in the banking world. Whether it is based on your credit score or financial situation, banks can sometimes be harsh. DeFi, on the other hand is inclusive and doesn’t take into consideration the financial background of the individual. For one to carry out any transaction on DeFi, all he/she needs cryptocurrency funds.
3. DeFi is transparent and secure:-
Since DeFi is a permission less ecosystem, anyone can participate in financial activities. There is complete transparency which helps greatly reduce the existence of fraud or illegal proceedings. Simultaneously , a DeFi platform doesn’t collect personal information from its participants. Therefore, data is protected and anonymity.
Adore finance token pre-sell started by 14th November 2020, till now 850k tokens are sold out in the market and price is 6x from the base price. Our goal is to reach 1 billion market cap in the next couple of years , we are confident of achieving the target and community participation and corporation will accelerate the process! Take control of your own finance with Xfa and make huge profit with this project.
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