FIRMO- An Enhanced Financial Infrastructure For the Crypto Economy

mrrpiusz (60)in #crypto • 6 years ago (edited)

INTRODUCTION

The level of digitalization in the world today is growing at a fast pace. Some decades back, most contracts were agreed and executed offline and required alot of manpower and essential raw materials in order to be executed perfectly, but today in this present age, business Contracts have been made very easy and really secure in a way that both parties are satisfied after the service is being rendered.

THE PROBLEM
In the crypto world, platforms where users gets to engage in financial contracts with the companies are limited and the ones available are prone to security malfunction and dissatisfaction on both parties especially on the side of the users, and this has created a little stall in the development of the Cryto economy based on financial contract execution.
Also, with the level of internet/crypto fraud being on the increase, users get scared of entering into financial contracts with companies who have not gained their trust even if the business deal seems to be credible. I can imagine their fear because personally, I cannot enter into a business deal with someone/an organisation I don't trust.

THE SOLUTION

FIRMO

What is FIRMO?

Firmo is a trusted online firm that is building the future of financial infrastructure and is aimed at creating a major impact in the development of the crypto economy based on financial contract agreement and execution.

Firmo is aiming to build an infrastructure for creating/executing financial contracts. Firmo will bring the key components of smart contracts such as their trustless and transparent nature, to the world of finance. Using FirmoLang, developers can build financial tools that have been previously only available to traditional, non-decentralized economy asset-classes such as derivatives.

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An Evolution of Financial Systems in the Crypto-Space....

The level of change and development Firmo will bring to the financial system of the Crypto-Space is highly commendable.
Firmo offers a wide range of secured and reliable 24/7 services to the users, ranging from the the opportunity for the user to create smart derivatives ( a secure type of smart
financial contract) to proper and immediate execution of these financial contracts to the utmost satisfaction of the user.
What Firmo provide could be simply referred to as an Evolution to the Crypto World at its Best

Firmo is building the future of financial infrastructure. 1/7 of the world’s economy is derivatives, but these financial contracts are not securely available in the crypto economy yet. FirmoLang enables businesses, like exchanges, to securely and intuitively offer smart derivatives on any major blockchain. Firmo already works with Ethereum and is in talks with other major blockchains like Neo, Cardano and Qtum. This is just the first step in overhauling today’s financial infrastructure

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More info about the Evolution Scheme of Firmo can be gotten here

With Firmo, Crypto Security is Guaranteed...

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Firmo believes in the concept that "Simplicity is Security"

Simplicity is security

The FirmoLang language is formally constructed to produce an unambiguous and rigorous
representation of contracts, in order to enable their automatic validation, execution, and analysis
activities that are collectively referred to as contract lifecycle management. Domain specific
languages hold several advantages over broad purpose, Turing-complete programming languages.
While the narrow scope of the syntax described above may not suit complex expressions,
FirmoLang enables a stable and secure execution environment for versatile and exotic financial
contracts. With the upcoming open-source release, developers, regardless of their experience, will
be able to formulate exotic smart derivatives out-of-the-box.
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More Information on the Security of Firmo can be gotten here

Firmo Provides "Zero Coverage"....

"The Firmo Protocol allows users to execute smart derivatives with little or no collateral."
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Zero Coverage gives an advantage to the user compared to other systems because this allows users to execute smart finacial contracts with little or no collateral thereby, helping to build great trust between the user and Firmo and reducing the risk encountered along the execution of the financial contract.

Introduction of derivatives to tokenized assets as a big Advantage for Investors...

What are Derivatives?

Derivatives are a financial tool that allow individuals and companies to secure a price point over a certain period of time. This is useful for businesses that depend on a specific material, the price of which may rise or fall.
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The introduction of derivatives to tokenized assets, gives investors that edge they need in order to succeed exceedingly in the crypto economy by making them benefit from the price discrepancy.
This concept give investors the special platform to strike a financial contract based on tokenized asset ans also enable that these contracts are executed to perfection and it also helps build trust between both parties.

###Conclusion
The world is growing digitally everyday and we all have to move in accordance to that digital growth in order to become successful and relevant positively in the world today.
Firmo offers a wide range of services which will help in the massive development of the Crypto Economy. Being left behind is not an option.