Telefy is the world's first multi-chain DEFI solution focused on credit scores.

in #defi3 years ago

Cryptocurrency is a form of currency that is digital, encrypted, and decentralised. Cryptocurrency is a risky, exciting, and fascinating investment because its value cannot be maintained or established by any government or regulatory body. Cryptocurrencies can be used to purchase goods and services supplied over the internet, but many users choose to invest in cryptos like stocks or precious metals. Investing in cryptocurrencies may be thought of as more safe than other options, even though it takes a great deal of knowledge of blockchain technology to avoid losing money.
Transaction costs for security services are just too costly these days.

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Speed of input and output
problems with liquidity or non-existence.
The lack of any kind of support for clients
A dearth of the desired crypto-to-crypto pairings means
A user interface that is difficult to navigate
Withdrawal costs, for example, might be very expensive.
TELEFY Finance has made these problems a thing of the past for the vast majority of traders.
As well as the first of its kind in the entire ecosystem, Telefy is a credit score-oriented multi-chain DeFi that is here to stay.
There are a number of features on Telefy Finance that are designed to assist in transforming the way the entire crypto ecosystem runs by making the site more user-friendly. There are a number of difficulties that need to be addressed with DeFi's financial solutions, and this was built to aid with that. Each member can borrow in the area and pay at a time suitable to them.
DEFI is a new, perfect way to solve complex economic problems that doesn't need third parties or brokers.a historical model segment. However, it has been shown that a lack of expertise in determining the creditworthiness of the platform's users may lead to exorbitant interest rates. Most DEFI solutions are now running. Lend Pool (LP). The interest rate is either fixed or variable, depending on the consumption ratio. Also included are DEFI coin owners and traders. Credit does not assist. Second, today's platforms like DEX, LP, NFT, and LaunchPad allow crypto solutions. But not among them.

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TeleFy connects a trustless tele score (credit score) to every wallet. For those using the Telefy platform, the Tele-Score services examine each wallet's creditworthiness and provide more appropriate interest rates. Because the Tele-Score is influenced by users' wallet holdings and transactions, users can choose the optimum interest rate at any time. Tele-Score will be made available as an open-source microservice to any exchanges or clients who are interested.Tele Score is a service that categorises users based on their DEFI chain access date and other credentials.
Telefy Features
Teleswap is a multi-chain technology that lets people give money and trade currencies through an AMM.
It's called TeleLend, and it's a multi-chain automated lending technique that lets subscribers lend or borrow money using TeleScore.
CREDIBILITY MEASUREMENT BASED ON ASSESSMENT OF A USER'S ASSETS AND TRANSACTION HISTORY
A multi-chain concept that gives TELE Coin holders the first DEX offering (IDO). An e-commerce platform for NFT (Non-Financial Tokens). The Tele NFT protocol fees will be distributed to the clients who staked.
SCORE ON TELEVISION
The goal is to standardise and make public the Tele Score API, which can be used to estimate the credit score of any wallet. This is used by any DEX or CEX exchange as a general API for credit scores. When calculating the score, the TELE credit score will take into account the following factors:

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Exactly how many transactions are there in your wallet at this time? What's in your pocket right now? Keep track of time by using coins. Use of the Telefy protocol Transactions in NFT Duration of credit history, including any collateralized liquidation history, amount owed and repaid Transaction verification for cross-chain wallets
Closing
Financial platforms aren't all the same. This one stands out because it was built to help people work together and achieve more on a single platform by bringing together different chain protocols.

FOR MORE INFORMATION:
https://telefy.finance/#/
https://twitter.com/TelefyConnect
https://www.facebook.com/Telefy-104998872116794
https://t.me/telefydefi
https://www.instagram.com/telefy_tele/
https://www.reddit.com/r/Telefy_Defi

AUTHOR
BTT USER NAME: cryptobadshah
WALLET ADDRESS: 0x67e47553439CAF6D7243f2d10fe52AC90f49aa97

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TELEFY PROJECT LOOKS SOLID. i am going to looking forwarded to this project soon

TELEFY Finance has made these problems a thing of the past for the vast majority of traders.