DeFiXy Protocol: Connecting Fiat Economies to the Crypto Space

in #defixy • 4 years ago (edited)

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INTRODUCTION:

Most of us can still remember the answer that Mark Cuban, a famous American businessman, gave when asked what it would take for cryptocurrencies (Bitcoin) to be massively adopted. He said; “It should be so easy to use, it's a no-brainer. First, it would have to be completely friction-free and understandable to everyone.
This addresses the complexity that comes with most (if not all) blockchain technologies. Just think about how complicated it was for you to buy your first cryptocurrency, how many platforms or apps you investigated until you finally found the only app / platform that supported converting from fiat currency to cryptocurrency.

If you are already using cryptocurrencies and other blockchain solutions, this is no longer a problem for you, but think about newcomers, who would like to use blockchain solutions or even have no alternative but to use chain solutions. of blocks, but they have stayed away because they do. I don't understand the basics.

As long as these people stay away, blockchain technologies would not be massively adopted. Although not everyone will understand it as Mark Cuban suggested, it should be easy to use. Although it wouldn't be absolutely frictionless as Mark Cuban also suggested, it should be frictionless.

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In this sense, the DeFiXy protocol presents you with an easy-to-use Amazon-like Marketplace. A decentralized marketplace that is constructed in such a way as to reduce the complexity and friction encountered when conducting a Fiat to Crypto transaction. Our mission is to seamlessly connect Fiat-powered economies with the crypto space, thereby creating a platform that inexperienced newcomers can tackle with ease.

P2P MARKETPLACE:

So let's go back to one of Mark Cuban's answers; What makes a good or asset easy to use or
Friction-free or widely adopted? Of course, the ease with which the asset is accessed plays an important role in its
adoption. Think about it, merchants who have online outlets do better than those who only operate
outside physical locations. Buyers are likely to sponsor items that are available in online stores.
like Amazon and Ebay than those that can only be obtained in physical locations.
A similar trend can be seen in the blockchain industry, crypto assets listed or can be observed
of many exchanges see more trading volumes and are more likely to be adopted by
community than those with low listings.

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Just as p2p ecommerce stores like Amazon and Ebay are helping to bridge the gap between people
who need goods and services and people who have or can provide those goods and services, P2P
Markets in the crypto space are helping to bridge the gap between people and crypto use
goods.
Although, p2p exchanges are still a growing trend in the crypto space, they are advantageous as
help to serve people who, for whatever reason, do not have access to another form of exchange and
more profitable compared to centralized exchanges and even custodian-based exchanges.

DEFI SERVICE:

DeFi has made this possible in the crypto space, you no longer have to sell those valuable crypto-
assets whenever you have an emergency or short-term need. With the use of DeFi services,
Now you can get short and long term loans at competitive rates.

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DeFi projects allow people to deposit funds (crypto assets) into the system and, in turn, earn
the interests of those funds are put to work. This is similar to how people earn interest at the bank.
keeping accounts. People can also get loans guaranteed by those who pay into the system.

DEFIXY MARKET RESEARCH:

To better understand the challenges associated with using blockchain solutions and how
The DeFiXy protocol would come, the team did extensive market research. The goal of
The investigation is to see if people potentially interested in owning crypto assets find it
complicated, even to acquire.

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The result shows that many people find it difficult. Many people leave because
for many reasons, from not knowing where to buy or where / how to store your cryptocurrencies
assets in fear of being scammed by trading platforms. Indeed, for the use of cryptographic resources to be massively adopted, there must be a blockchain
Crypto trading platforms and solutions that limit these challenges.

TOKEN DETAILS:

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Token Name: DeFiXy
Token Ticker: DFX
Token Type: ERC20
Decimals: 18
Token Contract: 0x81bc8af0f2cbd17f97306cbe7bea5a5927a0646a

IMPORTANT ADDRESS AND LINK

DeFiXy Protocol’s Official Emails:
[email protected]
[email protected]

*Website: https://defixy.com/

*Whitepaper: https://defixy.com/whitepaper

Telegram Admins

@DeFiXyAdmin

AUTHOR

Forum Username: CaCO3
Forum Account Link: https://bitcointalk.org/index.php?action=profile;u=2884658

4 years ago in #defixy by
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