DeFiXy Protocol The future of Decentralization Building an Amazon-like Marketplace for Crypto-Assets.

Introdution

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.

In this chapter, DeFiXy Protocol is introduced and expounded on utilizing a problem solution format. A brief description of the features and services provided are also covered Simply put, DeFiXy Protocol describes itself as an amazon-like blockchain platform that provide easy to use solution for the everyday crypto-asset users. Our solutions address the complexity that comes with trading crypto-assets with fiats, and the use of DeFi services.

The Problem

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.

The Solution

As long as blockchain technologies remain complicated, mass adoption will not be reached. When more people have access to blockchain solution and find it easy to use, then the adoption rate will increase rapidly. This motivates the development of solutions that reduces both the complexity and friction that comes with the use of blockchain solutions.

In this light, DeFiXy protocol presents a user-friendly Amazon-like p2p Marketplace. A decentralized marketplace that is built such that the complexity and friction encountered when carrying out Fiat to Crypto transactions is reduced. Our mission is to seamlessly connect Fiat-driven economies to the crypto space thereby, creating a platform where the inexperience can onboard with ease. The features that DeFiXy Protocol offer include:

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.

Dynamic Staking: 

The staking feature offered by DeFiXy protocol provide users with different reward thresholds, these thresholds are functions of two variable, the lockup duration τ measured in days and the dynamic demand-supply ( δd δs (t)) factor of the asset staked. The protocol also offers lockup buyout. With this, an individual who initially staked his/her assets for a duration (say 30 days lockup) can unstake prematurely but the action incurs a lockup buyout fee.

DeFi services: DeFiXy protocol offers DeFi services such as lending and borrowing. users can take out collateralized loans with competitive interest rates. The rates for borrowers and lenders are determined by the users collateral blend ratio (βr). Since the loans offered do not have maturity period, there are no late payments but the borrower can setup a periodic payment that are deducted automatically in any of the supported assets or fiats as specified by the borrower. Similarly, a lender can lend asset on a flex period lending mode or on a fixed period lending mode. With the latter offering a better interest rate.

Debit card integration: After meeting the regulatory requirement of target regions, DeFiXy protocol will integrate card payment solutions which will allow users to directly spend crypto assets. DeFiXy protocol will implement all the said features with the average individual with little to no blockchain understanding in mind. The platform will integrate user interface that are highly userfriendly. Individuals will be able to interact with the platform in a smooth and seamless manner, even those that are new to the space.

ROADMAP

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.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.

Technology

In this chapter, the technology presented by DeFiXy Protocol is covered. It is broken down to the individual features/services. The way each feature and service will interact with each other is also discussed. It should be noted that the features were not discussed in any particular order.

The staking services offered by DeFiXy Protocol adopts what we call a Proof of commitment (PoC) consensus. The staking rewards enjoyed by stakers varies (increases) such that stakers that are committed for longer periods enjoy higher staking rewards. The staking consensus is an integral part of our platform as it is the underlying mechanism on which other features work. The Dynamic staking matures in two stages, the alpha stage (α-stake) and the beta stage (β-stake).

The α-stake is the staking implemented before the DeFi and p2p Marketplace goes live. This allows early supporters to enjoy unparallel staking rewards. The staking rewards follows the given model:

• Where NDF X is the amount of tokens staked by a user and, rα is the annual staking rewards.
• The α-stake rewards rα(t) is a function of time, it is given by Eqn 2.2 and Figure 2.1.
• In both equations is period the user has been staking for without claiming rewards or unstaking the tokens. This is expressed in days.
• Although the rate at which staking rewards are accumulated is expressed in days, the actual computations are done every block minute. These equations expressed in minutes, as used for the computations can be found in appendix A.
• Exclusive for our early supporters, staking rewards grow from an annual returns of 15% to up to a maximum of 45% just in 21 days. There is no lockup required to enjoy this great returns.
• It should be noted that anytime a user claim rewards, unstake or stake tokens, the staking time resets therefore the rates start all over from 15%.

Tokenomics

In this chapter, DeFiXy Protocol’s tokenomics is presented. The distribution of the token and its value proposition is also covered DeFiXy protocol’s functionality is heavily dependent on its native token. As such, the token is a utility token. The token details can be found in Table 3.1. The total supply of DeFiXy token is 100,000,000 (100 million), and are pre-mined which means that no additional token can be created.

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

Token Distribution

• Circulating Supply : 4000000 DFX
• Staking Rewards Rate : 15% to 45%

Website: https://defixy.com/

Whitepaper: https://defixy.com/whitepaper

BitcoinTalk ANN: https://bitcointalk.org/index.php?topic=5284560

Medium: https://medium.com/@DeFiXy

Github: https://github.com/DeFiXy

Twitter: https://twitter.com/DeFiXy_Protocol

Telegram: https://t.me/DeFiXy

Discord: https://discord.com/invite/5dffAwM

Youtube: https://www.youtube.com/channel/UCoL-MU52k4exggP5WKFkPeg

AUTHOR:

BCT username: Valse1

BCT url: https://bitcointalk.org/index.php?action=profile;u=2824537;sa=showPosts

ERC20: 0x05Ab7B0889A9Be6050B0Cdd855bDFe81AC14d79a

#DEFI #DFX #STAKE #SALE