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Decentralized finance, or commonly known as DeFi, is a financial protocol that combines blockchain with financial solutions, which results in innovative decentralized financial products that can be used by everyone globally. The DeFi protocol allows developers to apply blockchain technology to their applications, or what is commonly referred to as decentralized apps. Later these dapps will function as a financial platform that allows people to swap tokens, loans/borrow, stake, or yield farming. Decentralized finance is claimed to be one of the fastest-growing sectors in the crypto market, because of the solutions it offers.
Talking about decentralized finance, maybe you will be interested in this platform. This is DeFi For You, a decentralized eCommerce and loan platform on the Binance Smart Chain (BSC). Users will be able to buy, sell, rent, and pawn products and services using the DFY smart token.
DeFi For You is a revolutionary fintech platform with a mission to provide users with a unique and groundbreaking financial service that allows them to be able to purchase goods and financial services online using the DFY blockchain token. DFY is a token provided by DeFi For You which will serve as payment for users.
Simply put, Defi For You is building a decentralized eCommerce and loan platform built on the Binance Smart Chain (BSC). Here users can get loans or become borrowers. Users can open their own workshops and issue collateral loans with smart contracts written on the BSC.
DeFi For You is a decentralized loan economy on the blockchain that is more flexible and safe compared to traditional financial loans because DeFi For You utilizes blockchain technology which is known to have an unquestionable level of security and is combined with type and terms of collateral to create a bid and ask economy. With the solutions offered by DeFi For You, users can become their own bank.
Binance Smart Chain is a blockchain platform for developers that allows smart contracts developed by Binance, one of the cryptocurrency exchanges popular on the crypto market. Binance Smart Chain or commonly abbreviated as BSC allows transactions to be processed faster, scalable, and cheaper than other blockchain technologies. Therefore, many platforms currently apply Binance Smart Chain to their platforms, because of higher speed, lower cost, and better scalability. Although, some experts say that it is less decentralized than Ethereum, as long as it is better and works, it is fine for most platforms.
As mentioned in the beginning, DFY is a token provided by DeFi For You which serves as a utility token on the DeFi For You platform. This token was launched as a BEP20 token and BEP2 Cross-Chain compatible token on the Binance Smart Chain and Binance Chain. This token will be launched with a supply of up to 1,000,000,000 - in total BEP20 + BEP2. With this token, users can buy, sell, rent, and pawn products and services on the DeFi For You platform. Following are the details of the DFY Token;
Contract address: 0xD98560689C6e748DC37bc410B4d3096B1aA3D8C2 Decimals: 18 Symbol: DFY Max supply: 1,000,000,000 - in total BEP20 + BEP2 Initial supply: 1,000,000,000 Additional minting possible in the smart contract: No Initial circulating supply: 350,000,000
According to reports that Pawn is one of the largest untapped markets in the world, worth $ 14.5 billion in the US. Besides using traditional finance in this industry, it is better to use DeFi solutions such as those offered by DeFi For You.
DeFi For You is a platform that allows people to be able to buy, sell, rent, and pawn products and services using the DFY smart token. With the solutions offered by DeFi For You, it allows users to get loans or open their own pawnshops on the DeFi For You platform. In this way, everyone can become their own bank.