KRAGX DEFI: DECENTRALIZED FINANCE PLATFORM.

maverickcoins17 (25)in #kragxethereumdefi • 3 years ago

Starter information

Cryptocurrency is an electronic money created with technology controlling its creation and protecting transactions, while hiding the identities of its users.

Crypto- is short for “cryptography”, and cryptography is computer technology used for security, hiding information, identities and more. Currency simply means “money currently in use”.

Cryptocurrencies are a digital cash designed to be quicker, cheaper and more reliable than our regular government issued money. Instead of trusting a government to create your money and banks to store, send and receive it, users transact directly with each other and store their money themselves. Because people can send money directly without a middleman, transactions are usually very affordable and fast.

To prevent fraud and manipulation, every user of a cryptocurrency can simultaneously record and verify their own transactions and the transactions of everyone else. The digital transaction recordings are known as a “ledger” and this ledger is publicly available to anyone. With this public ledger, transactions become efficient, permanent, secure and transparent.

With public records, cryptocurrencies don’t require you trust a bank to hold your money. They don’t require you trust the person you are doing business with to actually pay you. Instead, you can actually see the money being sent, received, verified, and recorded by thousands of people. This system requires no trust. This unique positive quality is known as “trustless”.

Blockchain is technology for creating permanent, secure digital recordings that don’t rely on any single person or group. Blockchains can record any information, though the first example was created to record bitcoin transactions.

Imagine the blockchain as a book of records. Each page in that book, is a block, and can record anything. Blocks are created one after the other, chained to each other creating what we know as the blockchain.

Multiple blockchain records are maintained simultaneously by many of unrelated individuals and their computers, making it cloud storage on steroids. Updates are seen immediately and manipulation is extremely difficult/impossible. This positive quality known of many people keeping their own copies of the blockchain is known as “distributed”.

There are hundreds of blockchains created by many groups to records all sorts of information including art, medical records, computer information and much more.

But if a blockchain is not distributed among many individuals and instead run by one government, organization, group or person, than it is not at a blockchain at all. A centralized system like that is simply a database.

What is Kragx DeFi?
Kragx is a very unique platform dedicated to providing fast, smart, accessible financial services, profitable to borrow, lend cryptocurrency assets, risking for returns, Cryptocurrency exchange, assets, decentralized applications, and automatic market makers. Kragx offers a variety of financial options and opportunities in Cryptocurrency and blockchain space to this client will be arranged by DEFI Master of Voting Ideas to its members and giving important decisions. Kragx users will be able to optimize their results to get Kragx tokens, get money and also use tokens as a means of payment.
In other words, Kragx DeFi is a power Exchange decentralized finance platform built on and powered by Ethereum.' The project mission is aimed at making investment in DeFi more accessible by creating a secure and easy- to - use blockchain based financial platform, where people can invest, lend, exchange and earn interest as they save by owning tokens.

It is believed that Kragx DeFi would solve the above problems in the following ways:

Using blockchain technology to eliminate Middlemen/intermediaries. This would be made possible through the use of smart contracts. 'Smart contract is a self-enforcing software managed by a P2P network of computers that facilitate, verify, or enforce the negotiation or performance of a contract'.
Other interesting solutions/Features offered by Kragx DeFi include: secure wallet, Financial opportunities within the crypto space, Peer to peer trading platform for cryptocurrency, lending and borrowing, Development/creating DeFi App, building cryptocurrency Exchange etc.

Before we continue, kindly watch the video below:

Considering the business model of kragx DeFi, which is one determining factor to the sustainability and success of a project, it is clear that P2P trading platform for cryptocurrency is one striking product that can generate money to Kragx DeFi project.
For instance, some of the leading and successful cryptocurrency Exchange;Binance and Uniswap uses same/similar business model.

Another striking factor about Kragx DeFi is thier social presence. Social presence reflects what the public thinks of Kragx DeFi project.
Kragx DeFi operates social handles such as Telegram, Instagram, YouTube, Twitter, etc.
The Telegram group where members can interact directly with project team members/representatives has about 25.2K active members, Twitter handle has about 21.2K followers, Instagram handle has 13.2K followers, while YouTube channel has 12.9K subscribers.
As seen from their social presence, the project has generated so much interest amongst investors, blockchain enthusiasts, crypto space, etc and as such it is believed that project will go as planned.

As part of plans to lunch Kragx DeFi platform, an initial coin offering(ICO) has been put in place to allow interested investors, crypto enthusiasts, members of the public to participate.
Initial coin offering(ICO) is a method of fundraising where members of the public may invest their money in any project of their choice.
In the crypto space, investors are given certain forms of token/coin in exchange of their investment or money. Such token/coin can be given at a discounted rate to investors depending on the prevailing conditions.
When the project is lunched and becomes operational, the value of such token/coin may increase or decrease, thus investors can make profits or losses.

Features offered by Kragx DeFi

Safe Wallet:
To save a token, you need a wallet that is very compatible with loans and savings.

Opportunity:
Kragx offers a variety of financial options and opportunities in the Crypto and Blockchain space to clients.

Development:
Creating Defi applications, building the exchange of cryptocurrency, allowing the use of Kragx tokens for purchases throughout the digital world, and allow the use of Kragx tokens to facilitate and receive payments and wages.

Eternity:
Kragx was built on a very reliable Etheereum blockchain.

Governance:
Kragx depends on strong decentralized governance that is uncontrolled by the company or the government but by an independent board. This will be arranged by Defi Master's voting ideas on its members and provide important decisions.

Security:
Kragx employs the Turing-Incomplete protocol to protect and minimize all attacks because it keeps the platform safe.

System:
Kragx systems are designed to handle and process transaction volumes that are very high in a fast and decentralized way.

Loan:
Contributors Kragx will be able to lend and borrow through a safe system, collateral, reliable, and paid by getting interested in assets.

Exchange:
Kragx offers a Peer to peer trading platform for Cryptocurrency.

Kragx DeFi Roadmap & Distribution
Investing in Kragx practically has Kragx tokens. This token can be acquired with almost all cryptocurrencies. As we have seen, Defi World has become the next big bomb on the Crypto market. The value of tokens continuously built by other people who invest because it creates liquidity, risks. The ability for users to lend, deposit funds. The more funds are locked in our protocol and use our exchange. The more value increases. For example, Uniswap which is also in the Defi room but offers other services to have 2BN $ locked and trading volume per day more than half of the market close, and the current Token price increases by more than I000%.