COLUMBUS: UNVEILING THE POWER AND BEAUTY OF DECENTRALISED FINANCE (DEFI)
INTRODUCTION
The term 'DeFi' may sound seemingly strange to even cryptocurrency experienced tech. How much more to a novice who with so much effort finds it difficult to navigate through a particular transaction in the blockchain. Yes, despite the various usage of the term 'DeFi' (Decentralized Finance) on a regular bases by those in the crypto industry, it is not yet formerly understood the concept thereof. Allow me to explain briefly what Defi means- DeFi is an open and global financial system built for the internet age – an alternative to a system that's opaque, tightly controlled, and held together by decades-old infrastructure and processes. It gives you control and visibility over your money. It gives you exposure to global markets and alternatives to your local currency or banking options. DeFi products open up financial services to anyone with an internet connection and they're largely owned and maintained by their users. So far tens of billions of dollar worth of cryptocurrency has flowed through DeFi applications and it's growing every day. In a closer look as to what is happening around the world today, it is vivid and crystal clear that the decentralized method of financial applications is gradually replacing that of the centralized network thus, a growing demand for DeFi network. This gave rise to some DeFi networks such as the ETH and Binance smart chain networks. Well, the challenge faced by users in the afore mentioned network is the inability for newbies and even old guru's in the crypto world to carry out some specific, sophisticated yet profitable operations through the blockchain. Therefore, leaving the vast majority of crypto investors rely solely on holding tokens and waiting for profit as it grows. This narrative is about to change as a new type of DeFi network emerges. Allow me to introduce to you, the "Columbus Project"
WHY THE COLUMBUS PROJECT
It is incoherent to only dream of the future without settling major issues in the present that could get you there. To find the best opportunities, you often have to explore deep. The quest to solve problems has been the driving force behind the Columbus project. The realization that the current existing DeFi network is not accessible (its whole operation) to the layman still places a certain limit over the decentralized financial systems. This means that, third world countries across South America, Asia and Africa cannot access the full functionality and amazing features the Decentralized system brings. And these third world countries seem to have more of the population which is a factor that is also needed to drive the complete revolution of the DeFi System. Seeing the bridge between the ordinary user with little or no crypto knowledge and the functionality of the Defi Network, the Columbus ecosystem seek to close the gap by bringing complete simplicity in the operations within the blockchain to all, including people with no experience in cryptocurrency.
WHAT COLUMBUS OFFERS
The features within the Columbus network is targeted at creating opportunities for easy access through the entire function of the network and at same time, help users generate passive income. Some of the key features of the Columbus ecosystem includes but not limited to:
(a) Yield Farming: This is also known as yield or liquidity harvesting and involves lending cryptocurrency and in return, you get interest and sometimes fees, but they are less significant than the practice of supplementing interest with handouts of units of a new cryptocurrency. The real payoff comes if that coin appreciates rapidly.
(b) Decentralized Exchange: A decentralized exchange or DEX is a cryptocurrency exchange that facilitates direct peer-to-peer crypto transactions without any intermediary. Decentralized exchanges are important due to their relevance in the decentralized finance (DeFi) ecosystem. In the Columbus system, users can as well swap their BEP-20 standard crypto tokens on the voyage DEX by connecting their web3 wallets with the Binance smart Chain network enabled.
(c) Treasure Chest: Also within the Columbus platform, there is a staking pool where users can stake their crypto assets and moderate APR yield. Here, new crypto projects can also apply for Treasure Chest and host their own token in the pool.
(d) Trotter’s Market (NFT marketplace): The Columbus ecosystem also have NFT marketplace. What is unique here is that NFTs listed on this platform are selected through voting. This will ensure transparency and solve security concerns.
(e) Columbus wallet: This is a multi-chain cyptocurrency wallet that lets user holds and transfer cryptocurrency from different bockchains.
COLUMBUS TOKEN
The Columbus network will be driven by a token known as the COLUMBUS TOKEN (CBS), running on the Binance smart Chain BEP-20 and having a total supply of 10trillion with a reserve of 25%. At present, pre-sale is ongoing and participation is through the website.
WHAT THE FUTURE HOLDS The COLUMBUS PROJECT
Columbus is a pioneer project which will engineer further simplicity of the DeFi network. Thus, this will put the project in an advantageous position to gain more ground. Also, with the prospect of what the Columbus currently proves, it is definite that its token will grow exponentially, thereby increasing in market cap.
CONCLUSION
Decentralised finance, or DeFi for short, is a system in which customers can access financial products directly on a decentralised blockchain network, without the need for middlemen such as banks and brokerages. The realization that the current existing DeFi network is not accessible to the layman still places a certain limit over the Decentralized Financial systems. This means that, third world countries across South America, Asia and Africa can not access the full functionality and amazing features the Decentralized system brings Thus resulting to the creation of the Columbus platform. The impact of this project will in no doubt bring more awareness to crypto exploration and as well provide passive stream of income to the ordinary man with little or no basic knowledge on crypto. Finally, the future of Columbus is in the line of success as its vision is one that reaches out for a complete revolution in the crypto world, changing entirely the narrative of complexity in the blockchain system. As seen from this article, Columbus project is one that has come to stay and thereby bringing the simplicity of blockchain technology to your doorstep.
For more information, use the links below:
Website: https://www.columbustoken.net/
Medium: https://columbustoken.medium.com/
Telegram: https://t.me/columbustoken
Twitter: https://mobile.twitter.com/columbustoken
Discord: https://discord.com/channels/893143831434891364/893143831434891366
Author
Bitcointalk username: nattykio
Wallet Address: 0x85C14edb06f8B2A00821991769DFBD561AE28D82