Firmo: a new dawn for financial systems

Gone are the days when execution of financial transaction and contracts was considered as something that only finance professionals could undertake. Worse still, no financial operation could be performed outside the confines of our traditional financial institutions-banks then.

Thankfully, this is not the case today. We live in a dispensation where scientific and technologocal advancements are on the high and fast setting the pace as drivers of economic growth globally. The impact of science and technology has not gone unnoticed, even in the world of finance. For instance, a century ago, mobile transfer was unimaginable, but today it is a reality.

The advent of cryptocurrencies like Bitcoin, Steem, SBD, etc has taken the financial systems we used to know, to a whole new level. Now, there are countless possibilities.

In the world today, cryptocurrencies are fast gaining grounds, and this majorly attributed to the fact that digital asset is the in thing right now. As a matter of fact, investment has taken a whole new dimension- everyone is trying to armass one digitized asset or the other. The irony here is that, decades ago, these things were unimaginable feats in finance.

THE PROBLEM

With all the landmarks of achievement in the works of finance from inception till date, it is credulous that a teeming population of stakeholders still face serious challenges.

Presently, the only way users are able to participate in a company's finance is by buying their tokens, and to cap it up, prices are determined by sell/buy orders. As expected, prices are very volatile. This is huge problem for cryptoinvestors.

THE FIRMO SOLUTION

Firmo is a secured infrastructure; Firmolang, for initiation and execution of financial contracts, through use of blockchain technology. This is good news for the cryptospace and world of finance at large.

Firmo and Firmolang would help the cryptocurrency space with the ability to build modern financial tools as well as easily adapt them for easy use with existing ethereum projects (the giant compiler and computing virtual machine).

STATE-OF-THE-ART SECURITY FEATURE

Firmolang uses state-of-the-art security features which is similar to those adopted airplane and modern train applications. Therefore, it is less prone to attack by hackers and bug issues. As a cryptoinvestor, I particularly, find this comforting because apart from minimizing the risk of sudden market crashes due to hacks, the added security instills a sort of confidence that crypto currencies are a worthy investment.

ZERO COVERAGE FEATURE
The zero coverage is another feature of Firmolang, which allows users to financially operate without having to worry about collateral loss or damage, unlike other financial systems today. Again, this would help the acceptance of cryptocurrencies and ultimately improve investors' activity.

DERIVATIVE INSTRUMENT FEATURE

Derivatives are a type of financial tool used by individuals or companies to secure a fixed price point for a particular material (usually tokens) over a stipulated period of time. Investors have a lot to gain from this feature, in the sense that, they would be unaffected by unstable sell/buy orders.
Even better, in the event of a rise in value of a certain asset, they stand a lot to gain from the price discrepancy.

Visit https://bit.ly/2FZmmdP to learn more about Firmo

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