Introduction
Blockchain technology is gradually taking over the Global financial system . Centralized Digitized Financial system has played a crucial role in this revolution but not enough due to its lack of transparency, insecurity and inefficiency. The Industry Experts envisioned Blockchain powered currency will be the future of money and this lead to the invention of the world first Cryptocurrency known as Bitcoin in 2009 by an unknown inventor popularly known as Satoshi Nakamato . The Visionary inventor of Bitcoin sees cryptocurrency as the only currency that can sanitize the global monetary system having seen lack of transparency in the management and issuance of government Fiat currencies. Ever since Bitcoin was invented , thousands of alternative cryptocurrencies has ben developed with the soul aims of accomplishing the dreams of Satoshi Nakamato, restructuring the global financial system and improving the generals livelihood of mankind .
Crypto industry is experiencing massive growth and lots of innovative projects popped out almost on daily basis . Th beginning of 2019 marked the breaking point of a new industry in Crypto Space known as Decentralized Finance (DeFi) . DeFi is the next big thing in Crypto Space . It is indeed a new concepts in Cryptocurrency Ecosystem . DeFi is a very huge industry with high flexibility . It is putting an end into Crypto industry limitation.
DRAKEN DeFi PLATFORM OVERVIEW
In this article , i will be discussing about Draken Platform , a DeFi powered Cryptocurency Exchanges, blockchain and investment Ecosystem . I am quite sure everyone will find this topic very interesting . Draken DeFi Ecosystem is a child born by Parent Company known as DRAKEN Group .Draken Group is a FinTech company that has been in operation for more than a decade and with a very high reputation . The company specialize in Digital Financial services. To improve operational efficiency and offering investment opportunities for the masses , DRAKEN group founded DRK platform which is a blockchain based Decentralized Finance (DeFi) Ecosystem . DRK platform offers wide range of DeFi products in which i will broadly discuss each an every one of them . DRK platform is a DeFi epicentre which leverages blockchain technology to simplify the process of Investment , trading , lending and more .DRK platform solely specialize in offering Decentralize Financial service to the global investors and traders .
DeFi in another word is a financial freedom . The system allow participants to retain 100% ownership and control of what belongs to them . It breaks the barriers of stringent financial rules and requisites imposed by all these centralized Financial organizations .DeFi allows users to take advantage of all financial services available in centralized financial system like Banks, insurance companies , Cooperative Society and more . The only difference is DeFi system operates in a decentralized system through a powerful Decentralized DeFi DApps . Users can conduct seamless financial services on this DeFi Dapps without the involvement of any middle man or brokers . Services such as Lending , Borrowing, Investment , Trading , Insurance and more are available on DeFi DApps. This is the opportunity created by DRK platform for everyone .
DRK AS DeFi EPICENTRE (ANALYIS)
In this Article, i will be revealing to all crypto enthusiast, investors , traders what DRK platform is made up of and the potentials of the platform . Details of DeFi products offered by DRK will be thoroughly explained.
DRK is an independent blockchain ecosystem with its own DRK Chain . As we all know most of the DeFi ecosystem are faced with problems of scalability , badly written Smart Contracts , network limitation . All these problems will disallow system sustainability hence paving rooms for hackers as well as discouraging investors . DRK has emerged to resolve these problems . DRK Blockchain network is highly scalable, the network was built on (PoH) Proof of Honour consensus Algorithm which is a modification of the existing Proof of Work (PoW) and Proof Stake (PoS). DRK DeFi DApps will be built on DeFi blockchain and highly effective Smart Contracts. Besides, the DeFi ecosystem will offers Cross Swap Protocol where coins and tokens of different blockchain can be easily swapped for another .Below I shall List and explain the DeFi products offered by DRK platform .
DRK DEFI ECOSYSTEM
(i) DRK CROSS CHAIN DEX : Draken DEX is up and running currently .
The Following trading Pairs is available for now on DRK DEX . DRK /ETH , DRK/BTC , DRD/DRK , DRX/DRK
Draken has established a cross chain Decentralized Exchanges platform where crypto assets of different blockchain networks can be traded . DRAKEN Dex is built on Draken Chain , an Ultra modern blockchain network built on PoH consensus.It is highly scalable , fast and cheaper in terms of transaction cost. This make DRK DEX stands out among any ever existing DEX. DRK DEX has broken the limitation of a single Chain trading system which is predominant in majority of the existing DEXes.
(ii) DRK CROSS CHAIN SWAP : Among DRK DeFi product is DRK cross Chain Swap protocol. This is a liquidity creation mechanism designed by DRK . It facilitates swapping of cryptocurrency of different blockchain to another , hence removing the barrier of single chain swapping system .
(iii) DRK P2P LENDING : DRK offers P2P lending platform , this is also part of the DeFi products offered in the platform .
(iv) DRK COMPOUND: Users can also take loans on the platform following the required procedure. The loans system does not require Physical property as collateral or any guarantor. It offers the best loaning system.
(v) MARGIN , FUTURE TRADING : Trading in Margin and Future and Derivatives will be available in the platform . Traders can take advantage of these trading system and increasing their trading revenues
(vi) SAVINGS : Draken offers Savings Plan in different form . Users can take advantage of these Savings plan and earn interest on their Savings.
(vii) INSURANCE : Insurance service is also offered by Draken .Users can take advantage of these by insuring their crypto assets against any form of risk or future uncertainties.
(viii) LAUNCHPAD : DRK launchpad . This is a decentralized Launchpad opened for Startup business and existing businesses willing to raise funds for their projects .
CONCLUSION
Draken is all in one blockchain network , it is a DeFi epicentre which leverages blockchain technology to simplify the process of Investment , trading , lending and more .DRK platform solely specialize in offering Decentralize Financial service to the global investors and traders .Traders that is finding a safe place to trade their crypto assets can chose DRK DEX . Startup businesses and projects willing to develop their project or raising funds for their project can chose DRK Chain . The platform offers wide range of blockchain services which i cant mention all in this article. Join us now .
Draken Official Links
WEBSITE: https://draken.tech/
WHITEPAPER: https://drive.google.com/file/d/1mHtV50CktdFCyD_NaH370sZ8sOBehgce/view
TELEGRAM : https://https//t.me/Drakentech
FACEBOOK : https://www.facebook.com/DRKDEX
TWITER: https://twitter.com/DRKDeFi
DRAKEN DEX https://draken.exchange/
DRAKEN ENTERTAINMENT https://www.drakenx.io/play
STAKING PLATFORM : https://staking.draken.tech/
DRAKEN BLOCKCHAIN : https://explorer.draken.tech
Writers info
Bitcointalk Username : Gurumal
Bitcointalk Profile url : https://bitcointalk.org/index.php?action=profile;u=2822423
DRC-99 Addres: 0x9380877847aDDf1f19B6eAFFfE6E7690Ef4cF1A1
TRC20 wallet address: TWxUSxHuhZJNA9vSXf3PuNe4VcdEaP43bb