Telefy Finance - The World's First Credit Score Oriented Multi Chain
Hello everyone... Here I will inform you by writing a review to introduce a very unique new project called Telefy Finance, so for that, have a look at the article I created below to give you a very good overview of the project, then What benefits do they provide to everyone? Let's go straight to the discussion below.
ABSTRACT
Industry offers various crypto solutions in the space of Decentralized Finance (DEFI), being enabled by block chain technology. Despite that, it’s difficult to discover a one-stop solution that can be leveraged for various block chain models, which are aiming to solve multiple problems pertinent to DEFI. The key objective behind Telefy is to bring multiple DEX, Lending, Launchpads, NFT with Tele Score enabled solutions across various block chains and by which empowering DEFI market and generate opportunities to earn revenue out of it.
TELE
TELE is an authenticated governance token that will be used in Telefy when users of this platform want to participate in polling for the implementation of any changes or additions to the protocols being used in the platform.
TELE INSTALLING
Users are provided to stake TEL-LP tokens to earn TELE coins. The interest percentage will be calculated based on the liquidity pool.
The goal is to make the Swap protocol eventually available across multiple blockchains. However, to begin with, the TELE Swap beta is currently available on the Ethereum Smart Chain (ETH) and development is ongoing to make TELE Swap available on the Binance Smart Chain (BSC). And, enabling the TELE Swap protocol on more blockchains such as Cardano, Matic and PolkaDot is in our charter for this year, to ensure Telefy sticks to its offer to launch one-stop solutions and benefit customers.
TeleFy FEATURES
Telefy platform contain the below protocols:
- TELE SWAP: Tele Swap is a multi-chain protocol that allows users to swap coins, adding liquidity using AMM (Automated Market Maker).
- TELE LEND: Tele Lend is a multi-chain and automated lending protocol that allows users to lend or borrow using Tele Score.
- TELE SCORE: Tele Score is a multi-chain programmable protocol for effectively calculating the credit worthiness of users, based on their holdings, transaction history and few other relevant parameters.
- TELE PAD: Tele PAD is multi-chain model supports initial DEX offering (IDO) for the users who have TELE Coin stake.
- TELE NFT: Tele NFT is multi-chain NFT marketplace where you can buy or sell NFT. Tele NFT protocol fees will be distributed to the users who staked TELE.
TELE SCORE API
Like Infura, Tele credit score API can be used to estimate the credit score for any wallet, The objective here is to make the Tele Score API more standardized and make it available as a generic credit score API for any DEX or CEX exchanges.
TELE credit score will largely consider the below parameters for deriving the credit score.
- How many transactions in wallet?
- What’s the wallet balance?
- Time holding coins
- Telefy protocol usage (Extra score!)
- NFT transactions
- Amount owned and repaid
- Credit History Length
- Any Collateralized Liquidation History
- Cross Chain wallet transaction validation
There are plans to offer 1000 free API calls and beyond that, users would be requested to stake TELE coins.
Again, Tele Score API also will be available on multiple block chains which includes Ethereum, Binance, Matic, Polka Dot, Cardano, Solana etc.,
TELE PAD
Tele launch PAD will be available in Telefy to run any IDOs. This launch PAD is a multi-cross chain and hence users who stake TELE coins can participate in IDO. IDO launch PAD projects will be evaluated strictly based on different parameters and by Telefy team. Tele score will be determined and shared before the IDO goes live. 10% protocol fees will be collected by launch pad and will get distributed to the users who staked TELE coins.
Tele PAD will run the IDO launches in Ethereum, Binance, Matic,
PolkaDot, Cardano, Solana etc.,
TELE NFT
Telefy will launch its own NFT marketplace where you can buy or sell NFT.
Tele Score will be calculated for the traders who trade in Tele NFT
platform as well. Tele NFT protocol charges 0.27% fees which will be distributed to the users who staked TELE coins NFT marketplace will be available in TeleFy in multiple block chain which includes Ethereum, Binance, Matic, PolkaDot, Cardano, Solana etc.,
TELENOMICS
RoadMap
Official contact information
Website _ https://telefy.finance/
Whitepaper: https://telefy.finance/assets/Telefy-whitepaper.pdf
Reddit _ https://www.reddit.com/r/Telefy_Defi/
Telegram _ https://t.me/telefydefi
Twitter _ https://twitter.com/TelefyConnect
Facebook _ https://www.facebook.com/Telefy-104998872116794
Instagram _ https://www.instagram.com/telefy_tele/
Bitcointalk Username: Rovega
Bitcointalk User Profile: https://bitcointalk.org/index.php?action=profile;u=2878895
Telegram Username: @Gennadius77
ERC Address: 0x2deF7B0A6dd50F7fE8c8BCA9e2E3b1f27510c26E