Defixy Protocol A Decentralized Platform ~ Review

About Defixy Protocol

DeFiXy Protocol project have the real use-case platforms which is the best thing of this project. The trading platform is the most useful part of this project which push Defixy Protocol to a new height. The company is actively developing and will be able to help hold new promising tournaments, startups receive both financial support and even more users without traditional centralized restrictions! My opinion about the Defixy Protocol this will be the best in the crypto industry. The project is very promising for solution today and in the future.

DeFiXy Protocol describes itself as an amazon-like blockchain platform that provide easy to use solution for the everyday crypto-asset users. Our solutions address the complexity that comes with trading crypto-assets with fiats, and the use of DeFi services. DeFiXy Protocol is introduced and expounded on utilizing a problem-solution
format. A brief description of the features and services provided are also covered. DeFiXy Protocol will tackle this challenge by providing a user- friendly P2P exchange that supports majority of assets and fiats, it will also offer dynamic staking services and decentralized finance services. Our P2P market place will allow users with reputation and collateral to setup their own mini market-place or kiosk where they serve the inexperienced users. All the services and features offered by DeFiXy Protocol are integrated in a decentralized manner and allow our users enjoy a friction free experience.

Problems

This addresses the complexity that comes with most blockchain technologies. Just think about how complicated it was for you to buy your first cryptocurrency, how many platforms or apps you researched until you finally found the one app/platform that supported fiat to cryptocurrency conversion. If you are already using cryptocurrencies and other blockchain solutions, this is no longer an issue to you but think of the newcomers, who would like to use blockchain solutions or even have no other alternatives than to use blockchain solutions but have kept away because they do not understand the fundamentals.

Solutions

As long as blockchain technologies remain complicated, mass adoption will not be reached. When more people have access to blockchain solution and find it easy to use, then the adoption rate will increase rapidly. This motivates the development of solutions that reduces both the complexity and friction that comes with the use of blockchain solutions. DeFiXy protocol presents a user-friendly Amazon-like p2p Marketplace. A decentral- ized marketplace that is built such that the complexity and friction encountered when carrying out Fiat to Crypto transactions is reduced. Our mission is to seamlessly connect Fiat-driven economies to the crypto space thereby, creating a platform where the inexperience can onboard with ease. The features that DeFiXy Protocol offer include.

Dynamic Staking:

Our staking provision employs a Proof of Committment (PoC) consensus, committed stakers enjoy great staking rewards. Future integration of staking solutions for competitive blockchain projects. DFX Staking Live.

The staking feature offered by DeFiXy protocol provide users with different reward thresholds, these thresholds are functions of two variable, the lockup duration τ measured in days and the dynamic demand-supply ( δd δs (t)) factor of the asset staked. The protocol also offers lockup buyout. With this, an individual who initially staked his/her assets for a duration (say 30 days lockup) can unstake prematurely but the action incurs a lockup buyout fee.

P2P Marketplace:

Problems:
Most p2p exchanges that support Crypto-Fiat trading do not have built-in Fiat wallets. As such, remittance for such trades are still done outside the exchange. For this reason, the process is mostly manual, the buyer has to manually confirm payment and the seller has to manually confirm receipt. This is not exactly the idea that comes to mind when you think of a friction-free process or an easy to use process right? With the remittance of trades been required to be done outside the exchange, usage becomes more complicated especially to first time users and also pose other concerns and issues.

Solutions:
To ensure that traders enjoy an easy to use, friction-free experience and are able to trade any ver- ified crypto asset or product, DeFiXy Protocol has developed a Dual-Layer Amazon-like P2P Marketplace. DeFiXy Protocol’s Dual-Layer Amazon-like P2P Marketplace integrates a fiat layer and a crypto layer. In this way, remittance of trade are done within the platform, the fiat layer will support different fiats and crypto layer would support different crypto assets and products.

Tokenomics

80% of all funds would be dedicated to developing DeFiXy protocol. Not more than 20% of this is used to expand the team while the remaining 60% or more is utilized on actual development.
The remaining 20% is allocated towards exchange listing cost and marketing.

Token Distribution

Roadmap

Timeline

DeFiXy protocol’s roadmap and timeline is presented. As our whitepaper is a living documents, updates will continually be made on all the document including the roadmap with the objective of completing each milestone on or before the said time.

I really like the line concept of their device inside, true professional, friendly staff and most importantly the idea with a promising future. This is one of my locale's preferred project and I think it has incredible potential for the future. so set aside the effort to comprehend the extend and contribute it at this moment.
#defi #DFX #Trade

For more info visit :

Website: https://defixy.com/
Whitepaper: https://defixy.com/whitepaper
Medium: https://medium.com/@DeFiXy
Github: https://github.com/DeFiXy
Twitter: https://twitter.com/DeFiXy_Protocol
Telegram: https://t.me/DeFiXy
Discord: https://discord.com/invite/5dffAwM
Youtube: https://www.youtube.com/channel/UCoL-MU52k4exggP5WKFkPeg
BitcoinTalk ANN: https://bitcointalk.org/index.php?topic=5284560

Author
My Bitcointalk Username: Kalpesh2872
My Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2707027
ETH Wallet Address: 0xc1fB832B00920C8e8E1C7B7E69888B4Ef87fFC6c