KRAGX DEFI: DECENTRALIZED FINANCE PLATFORM.
Blockchain is a revolutionary Technology that is capable of solving numerous problems. Over the past few years, blockchain has been applied in the Financial sector to solving real life problems and the awareness is fast growing.
However, challenging problems still exist in the Financial sector, some of which include:
✍️. Human Error in handling sophisticated transactions.
✍️. Corruption and criminal activities still happens in centralized system where vital information are hidden from the public.
Some corrupt and greedy top Government/Bank officials act selfishly at the detriment of the public due to lapses/inefficiencies caused by centralized systems.
✍️. Middle men/ Intermediaries still exist, thus obstructing transactions meant to be seamless.
✍️. Etc
It is for the above reasons that a team of experts deemed it necessary to proffer a lasting solutions through a project called Kragx DeFi.
'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.
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.
More information about the project and token sale can be found through the links below.
Disclaimer:
Information contained herein is my personal view about Kragx DeFi project. It is intended for educational and promotional purpose and not a financial advice.
Participate at your discretion through the following links.
Website: https://kragx.io/
Telegram: https://t.me/kragx_chat
Twitter: https://twitter.com/kragxk
YouTube: https://www.youtube.com/channel/UCQXzubCYqUb6dNMp3NEoW9w
BTT Username: Torps1
BTT Profile: https://bitcointalk.org/index.php?action=profile;u=1291920
Authentication post: https://bitcointalk.org/index.php?topic=5313790.msg56418342#msg56418342
ETH Wallet Address: 0xab43Cd57746f3d6516e7a771c3d74E197D907E91