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DeFiBench launches its audited EDDA Token with a maximum supply of 5000 tokens and without an initial investor round or private sale.
LONDON, UK / ACCESSWIRE / December 21, 2020 / The increasing interest in Decentralised Finance (DeFi) projects and the significant market shift towards decentralised digital assets has shaken the industry in recent months. With more than 15 billion USD locked in the market, Bitcoin on a significant rise and a whole new wave of digitalised financial products, the decentralised aspects of cryptocurrencies have attracted a large number of new investors, facing the complexity of smart contracts for digital assets for example in decentralised lending and other areas.
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DeFiBench is all set to launch its first set of platforms such as the decentralized asset management and NFT Platform. These will be followed by a decentralized cryptocurrency exchange (DEX) and a decentralized launchpad. The first platform, the decentralized asset management, comprises of the VAULT and GAIN sub-platforms. In the Vaults, crypto assets are allocated across different DeFi protocols by the smart contracts powering the Vaults to maximise the yield for users. There is no lock-in period, and you can withdraw your crypto assets whenever required. In the GAIN platform crypto assets are deposited to earn interest. These assets are automatically allocated between lending protocols such as Compound and Aave, depending on which protocol is offering the highest rate of interest again with no lock-in period.
Considering the amount of new companies entering this industry raising initial capital in many different ways, DeFiBench chose to not raise via a seed or private round funds. Instead they offer their product directly to the market, including the native utility token (EDDA) which initially has the same price for all potential customers and investors. This addresses one of the most criticised elements in decentralised financing, where specific investors receive a very early bonus on their investment which often leads to price difficulties after release.
CEO and Founder Mike Patel emphasises this specific aspect: "A truly decentralised project does not differentiate between early investors and retail investors. We have self-funded the entire venture till date. Our one click DeFi asset management platform and NFT platform is fully operational in Testnet and migrating to the Mainnet currently."
The decentralised asset management and NFT Platforms will launch in January 2021 right after the EDDA Token listing. This will be followed by the DEX, Decentralized launchpad and governance system over the course of Q1 and Q2, 2021. Viktor Shpak, CTO, says: "One thing that we are finalising right now is the official audit by a third party auditor. As this is still a new technology, it is of highest importance to invite the public into an environment which has been thoroughly tested. The moment the platform is live, users can rest assured the audit is public and completed."
DeFiBench as a platform is decentralised and customers can utilise the platform token EDDA for staking, governance, access to rare NFTs and other elements. In the initial sale for the release, this token will be available at the same rate for all types of investors.
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Contact:
DeFiBench
Muhal (Mike) Patel hello@defibench.com
SOURCE: DeFiBench
View source version on accesswire.com:
https://www.accesswire.com/621833/DeFiBench-Ready-to-Launch-Decentralised-Asset-Management
27% profits every 20 days?
This is what Nic Chahine averages with his options buys. Not selling covered calls or spreads... BUYING options. Most traders don't even have a winning percentage of 27% buying options. He has an 83% win rate. Here's how he does it.