Review on Grandle Finance

Decentralized Finance – a new form of banking

When I was in the University, as a young student, my account balances would always read negative basically because of incessant fees assessed by my bank. If I went even a dollar below $0, my bank would administer a $20 overdraft fee, which is obviously too much for a young student like me. After I graduated from the University, I started working as a crypto dealer which was really profitable for me at that time due to challenges of unemployment in my country. The federal government imposed a law to ban cryptocurrency and instructed all banks to froze all accounts related to cryptocurrencies. Unfortunately, I was a culprit, and got into trouble as a result of the ban. Few weeks after the ban was imposed, I received a call from the bank officials notifying me that they were closing my accounts due to transactions with crypto exchanges and other related activities. It was like a surprise to me because they really broke the trust I had for them for the past 8 years of service with them. I had no way to fight back, the account was closed and I had to move away my money elsewhere. 

To gain access to good banking really depends on the location and environment you are. In some countries, you could gain access to good banking services without any challenges. But some countries have a lot of restrictions when it comes to accessing good banking due to maybe bad governments, or inefficient Financial system and political reason. To be candid, even till today, I have not seen any bank that satisfy all my needs. They don’t work 24/7, fees are very high, unnecessary charges, interest on savings are very low, and account get shut down for no reason as I experienced. Before now there have not been any alternative to bank and everybody revolves around the banking system struggling to access financial services. 

Decentralized Finance – DeFi, is the incorporation of financial software on the blockchain technology which allow a new alternative to banking, comprising of saving, borrowing, lending and other financial services the old method of banking would offer. Ethereum blockchain is the primary source of DeFi development and deployment. Although other Blockchain such as Binance Smart Chain- BSC are beginning to join this innovation. 

Properties of DeFi 

Transparent – Every Smart contract deployed on the network is verifiable by anybody on the network. Also, users interactions (e.g. buying and selling) can be tracked seamlessly making DeFi a fully transparent banking system. 

Permissionless – Anybody can gain access to all DeFi services without the interference of a third party preventing any interactions between users. All user have 100% right to interact with a smart contract without the help of anybody.

Censorship Resistant – No one is restricted from using DeFi services maybe due to any identifying features like gender, religion, nationality, or political beliefs. Immediately a transaction is broadcasted in the Ethereum network, no one can stop it. It is immutable. 

Easily Programmable – As far as any service can be deployed into a smart contract, it can also be introduced as DeFi services for crypto users. 

Trustless – All transactions and interactions of users with the smart contract are easily seen on the ledger and well secured by the underlying blockchain. 

With these properties, it is obvious that individual can become their own bank and eradicate the need of third party intermediaries which will consequently reduce transaction fees and allow access to financial services with DeFi 24/7. The new form of banking system is here, and we have to embrace it. It is called "Decentralized Finance". 

Introduction to Grandle Finance

Defi has grown into one of the important and most active sector of blockchain. From decentralized exchanges to lending and insurance platforms, the DeFi platform is really booming and unlocking a parallel financial services which flawlessly allow users to gain access to efficient security and transparency. Grandle Finance is a financial ecosystem which offers it’s users a very low transaction fees and quick access to financial services which is built on the Ethereum based Smart Chain. The mission is to deploy applications on Binance Smart Chain (BSC) and develop the benefits of Decentralized Finance which will benefit the users in the long run. 

The purpose of this project is to create financial ecosystem that will eliminate the challenges attached to centralized finance. These include, transparency, permissionless, open-source and eradication of central authority or third-party intermediaries. With the Grandle platform, users get total control of their assets, and interact with the DeFi ecosystem through dApps. Holders of Grand token can partake in liquidity farming and other financial services deployed on the platform which will provide passive incomes to the holders. There is a lot to gain from Grandle ecosystem, it’s massively developed. 

Unique Features of Grandle Finance as DeFi

Pooling

Liquidity pool is the locking of crypto funds collected in a smart contract. They are basically used to initiate decentralized trading, lending and other DeFi services. The liquidity providers (LP) add an equal value of two assets in a pool just to create a market. In returns, they get trading fees from the trades of the two tokens that was added in the pool. The Grand pool give opportunity to users to provide Liquidity to the pool in which they earn rewards via trading fees. The rewards are proportional to their share of the total liquidity. 

Farming and Staking 

Farming or yield farming is a result of DeFi actions that allow users to earn tokens while using the project’s DeFi apps. Users can contribute his Grand tokens into the liquidity pool and get rewarded with incentives in returns. Also staking is possible on the platform. It allow users to participate in the project’s governance in which users have a voting right on any decision made on the project. In addition to that, Grand tokens can be staked and get rewarded proportional to the share in the pool. 

Cross-chain Swapping

Crypto trading is becoming much more difficult as each day passes by. Few years ago, everyone was comfortable with centralized exchanges, but due to a lot of challenges faced by these exchanges such as hacking, and lost of funds with no tangible reasons, traders now prefer decentralized exchanges. At first, it wasn’t easy as DeFi is mainly built on Ethereum blockchain thereby rendering other Blockchains useless for trading on decentralized apps. Cross-chain protocols allow anyone to exchange one cryptocurrency for another without the help from a third party. Grandle will allow users to trade and transfer crypto assets from one Blockchain to another which will definitely open more opportunities to rapid trading on the Ethereum network. 

Non-fungible tokens (NFTs)

NFTs are tokens that cannot be interchanged with something else due to it’s unique properties. They are one-of-a-kind digital assets that can be bought or sold like any other piece of property, but they don’t have tangible form of their own. These digital tokens are used to represent virtual or physical assets. Such Assets includes, In-game items, music, arts, real estate etc. Original contents needed to be shielded against copyrights and other infringements will be incorporated in the marketplace as NFTs for the investors and users. 

GRAND Token 

GRAND token has a total supply of 50 million GRAND. The token is an ERC20 token which support Binance smart chain and Stellar Lumen network. The token will be used to access all financial services rendered by Grandle ecosystem. 

GRAND Token Sale

Token sale is ongoing on https://sale.grandle.io/register with good discounts. The token sale is divided into four different stages with different token allocations, discounts and price. The first stage is finished. The second stage is currently live.

How to buy GRAND?

?? Buy from sale dashboard with 10+ supported cryptocurrencies.

https://lnkd.in/dQmzw6e

?? Buy in IDO (Initial DEX Offering) with credit or debit card or with stellar lumens by swapping directly XLM to GRAND.

https://lnkd.in/gE5zpeS

?? Participate in GRAND presale on Dxsale which is coming soon.

https://lnkd.in/gfTvQet

Why do you need to purchase GRAND Token?

Holding GRAND token brings a lot of benefits to it’s investors and users. Some of the reasons you need to buy GRAND token are enumerated below;

Decentralized Finance – Holders of GRAND token will have full access to DeFi services which offers many opportunities to the investors and users. Grandle is a decentralized platform, which makes it easily accessible, secured and transparent. You can be sure to enjoy these benefits from the platform without doubt. 

Data and Analytics – On Grandle ecosystem, users will have access to data analytics which will help them to track the value locked in DeFi protocols, access platform risk and compare yield and Liquidity. 

Decentralized Exchange – Centralized Exchanges are becoming obsolete due to a lot challenges they face. Some get malicious attacks which greatly affects their users. Unfortunately, since users don’t have total control of their funds, they tend to have no power to control their funds. But with Grandle, their decentralized exchange allow users to trade their assets in a secure, well controlled and transparent environment. 

Lending and Borrowing – The most widely used DeFi lending applications involve peer-to-peer lending and borrowing protocols. Digitally-deployed lending processes have the most important advantage of fast processing speed when compared to the traditional lending services. Grandle lending platform is backed by cloud-based services, analytics for fraud identification and authentication for optimum loan terms and risk factors. All these features definitely help to speed up the lending processes. Immediately the loan is approved, lenders send offers via e-contracts.

Marketplace – Grandle marketplace will allow users to buy and sell goods and services globally and peer-to-peer with no restrictions whatsoever. Real-world products such as clothes, jewelries, and collectibles can be bought and sold in the marketplace.

Payments – Users can use the Grandle platform to easily make payments between peer-to-peer with no middlemen. This allow users to have total control of their funds and reduce the problems of high transaction fees due to the presence of middlemen. 

Savings and Staking – Holders of GRAND token will be able to deposit their Crypto assets into the Liquidity pool and get rewarded in returns. It’s either the coin is saved in form of farming or it’s staked to earn passive rewards. 

And lastly, you don’t want to miss these amazing upcoming Grandle products. Anticipate!!!

Grandle.finance (DeFi Dapp)

Grandle.exchange (Dex Exchange)

Grandswap.org (Cross Chain Swap)

Grandsea.io (Marketplace for digital goods)

Raregrand.com (NFT platform)

Grandx.io (CEX Exchange)

Conclusion

I had stopped using traditional banking services for some time now basically because I have never been satisfied with their services. To make matter worst, my account was brought down because of the Crypto ban in my country. Since I’d stopped using bank, I had ventured into something much more better than traditional banking which is called decentralized finance. I am not 100% satisfied with it maybe because I’m a human being, but I had been able to be my own bank, have total control of my funds with no problem of middlemen when making transactions. It has been a good ride with DeFi to be honest. Grandle finance is a DeFi project built on Bsc, that Intends to revolutionize DeFi ecosystem and provides benefits and numerous opportunities to investors and users in a simple, easy-to-use, and transparent Platform. Grandle Intends to change the model and system of DeFi ecosystem with many amazing features. I would employ every knowledgeable and wide investors to venture into this amazing project due to it’s obvious future potentials.

To know more about the project, check the link below;

Website - https://grandle.io/

Twitter - https://twitter.com/Grandle_DeFi

Telegram - https://t.me/grandle_official

Linkedin - https://www.dhirubhai.net/company/grandle/

Facebook - https://www.facebook.com/Grandle.io/

Reddit - https://www.reddit.com/user/Grandle_DeFi

Author - Diamond02 (BTT username)

POA - https://bitcointalk.org/index.php?topic=5329623.msg56749864#msg56749864