INTRODUCTION TO TELEFY FINANCE

lanlan175 (6)in #telefy • 2 years ago

Welcome every crypto lovers again for my latest Project review in the crypto industry. If you are new to this crypto world, I like to introduce you what are the basics and a short history summary about cryptocurrency platforms. if you already know about these basic things you can skip my first paragraph.

Blockchain Introduction
Everyone knows about the most famous coin in the world. yes, you are right, that is Bitcoin. Satoshi Nakamoto is the founder of Bitcoin.

If you think this Coin is like a vehicle, it needs a road to run. so every kind of vehicle needs its own path to run. Boats need Reservoirs like sea, river. an airplane needs the sky to fly. that’s so simple to understand what is the blockchain network. there are many networks right now like roads & many coins, tokens have like vehicles. you need to select the right vehicle and road to drive it. if you choose a car you can only drive it on roads, if you put it to the water, it will be sink definitely. That’s how Blockchain networks work. there are so many popular networks working in recent. so many will come. bep20, erc20, polygon, Solana, Tron network are some of them.

Abstract

Decentralized investment is another endeavor raising money and contributing model that permits non-authorize financial backers to put resources into promising new companies all over the planet. … Huge, very much promoted VC firms regularly shut out little startup VC firms from taking an interest in rewarding arrangements in conventional funding. Decentralized money (DeFi) is an arising monetary innovation in light of secure dispersed records like those utilized by digital currencies. The framework eliminates the control banks and organizations have on cash, monetary items, and monetary administrations. DeFi empowers any two gatherings to safely and straightforwardly execute without including a go-between or focal power. The outcome is that a lot more individuals can get to monetary administrations at lower costs or get preferred loan fees over those presented by customary monetary establishments. Partner, a DAO administrations startup which raised $20 million from Andreessen Horowitz last year, is hoping to work on the DAO creation process (as much as lawfully conceivable) with the send off of their new item called “Web3 Venture Clubs.” The tooling permits clients to turn up a gathering of up to 99 members, pool … The DAO (adapted Đ) was a computerized decentralized independent association, and a type of financial backer coordinated investment store. … The Ethereum people group disputably chose to hard-fork the Ethereum blockchain to reestablish practically all assets to the first agreement.

OPPORTUNITY

The current market capitalization of DEFI is over USD 150 billion and there is a potential opportunity for the DEFI market to reach dizzying growth rates faster. The estimated average DEX volume per month ranges from $70 billion to $165 million in 2021 (as shown in the chart below), guaranteeing a significant jump in growth in the years to come.
The market capital of UniSwap and Aave was approximately $15.8 billion and $3 billion, respectively, in the first week of January 2022.

Telefy, with benchmark offerings in the markets around DEX, Lending, NFT, Tele-Pad and Tele-Scoring multi-chain solutions, can generate huge opportunities and market capital that exceeds expectations.

The Problem

Banking services are the most widely used financial services by people today. This is because banking services are more accessible to people and provide a variety of services that suit the needs of users. However, as we all know, banking services are inefficient and tend to overcharge their customers with high-interest rates and high fees. Whereas users need a financial platform where they can get financial services easily and securely, and with lower costs and easier requirements so that users will be able to fulfill their various needs quickly and easily.

THE SOLUTION

TeleFy, in a nutshell, presents a way of associating a TV score, ie a credit score, for each portfolio without trust. The Tele-Score service associated with the Telefy platform determines the creditworthiness of each portfolio and generates the most appropriate interest rates for users who take advantage of the advantages of the loan pool. Depending on the hold in the wallet and the transactions made by the relevant Tele-Score users and at any time, users can pay the most appropriate interest on the loan of their choice.

Tele-Score will be released as a microservice, which is open-source and can be exploited by exchanges or users interested in using the service. Tele Score could be a transformational service that could change the way most DEFI solutions exist in the market today, dividing users into categories based on when they joined the DEFI channel and other information identification.

Again, reiterating this point, Telefy will be a single solution for multiple blockchains including but not limited to DEX, Lending, Launch PAD and NFT.

Features of TeleFy

TEL SWAP : Tele Swap is a multi-chain protocol that allows users to trade coins, adding liquidity using AMM (Automated Market Maker).
TEL LOAN : Tele Lend is a multi-channel, automated lending protocol that allows users to lend or borrow using Tele Score.
Tele Score : Tele Score is a multi-channel protocol that can be programmed to efficiently calculate a user’s creditworthiness, based on their holdings, transaction history, and some other relevant parameters.
TELE PAD : Tele PAD is a multi-chain model that supports Initial DEX Offerings (IDO) for users who own TELE Coin shares.
TELE NFT : Tele NFT is a multi-channel NFT marketplace where you can buy or sell NFT. The Tele NFT protocol fee will be distributed to users who stake TELE.

Token Details

TELE is designed to be a token that will provide stability and reward to holders, as well as a token that will be used for payments on the platform. The advantage of having a TELE token is that users can get rewards with this stake token, users can participate in the launchpad, or users can use this to transact on the NFT platform. Users can manage all their TELE tokens via a blockchain wallet or any wallet that supports TELE tokens.

Conclusion

Defi is an alternative financial solution that can rival current banking services by offering more innovative features and making it easier for users. And TeleFy is one of the platforms that adopt the Defi protocol and can be an alternative solution for users who are looking for the Defi platform. By offering various Defi features needed by users, TeleFy will provide users with various Defi services which will make it easier for them. By providing tele score, swap, lend, launchpad, and NFT, TeleFy will be able to become a decentralized financial platform that will make it easier for users to access various Defi features.

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