Kalypay is a decentralized protocol: An innovative market place & The multicurrency transfer platform.

in #kalycoin2 years ago

Blockchain technology and its further innovations as DeFi and NFTs has made a solid impact on the economy and because of the benefits of blockchain decentralized system over current centralized mechanism, almost every field in the market is shifting on blockchain and DeFi technology to do peer to peer transactions without involving third parties and thus creating a fast, secure, anonymous and transparent environment to transact freely across the borders with very low transaction cost.

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What is Kalypay?

Kalypay platform is the next level evolution of DeFi protocol that is created to provide access to all the latest DeFi applications & protocols on a single platform. Kalypay is the best place for traders to do fast and secure trades. The team of this platform has lots of experience in the blockchain field and lays much emphasis for the funds security of users. Kalypay DeFi Exchange would allow users to trade/lend/borrow various cryptocurrencies. It provides more liquidity and as such the orders are executed immediately. The users don't need to wait for longer times for trade execution and also with more liquidity there is little gap between buying and selling price of any particular cryptocurrency. That is more beneficial for both buyers and sellers. Kalypay is a trustworthy user friendly platform which provides the best trading experience to its users. It has easy to use interface.

Fast, Secure and much economical platform

All the transactions are executed via smart contracts on blockchain. The transaction details are broadcast on blockchain and the date is safe and well managed in Kalypay platform's ecosystem. This platform allows its users to execute mutual transactions anonymously. Users need not to reveal their identity and also there is no interference of government authorities or any other third parties. By evading third parties from the scene, Kalypay platform is providing the dual benefits to its users. While providing Fast/safe transactions, this platform allows the transactions to be executed with low fees as now there are no hidden charges and no commissions to be paid to third parties to execute transactions. This platform is creating an open source protocol where any user can join and use the blockchain technology to its full potential and with great speed and tight security.

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Kalypay is an open source, and fully decentralized digital currency that enables anyone to make payments instantly with almost zero transaction fees. Being an open source platform, this platform is allowing its users to use all feature of the platform and do their transactions as per there requirements without involving third parties and also the users are not forced to reveal their identities as the trust required to execute the financial transactions if fully handled and taken care by the innovative smartcontracts of the platform.

Transparency & Immutability

Kalypay is using blockchain technology and is built on decentralized ecosystem.The transactions are executed by the smartchain and smartcontracts of the platform. When certain conditions are met, the transaction is executed and this process is done in user’s account. The executed data is stored on blockchain by the innovative nodes of the platform and is available in a distributed ledger where anyone can see the data. The manipulators and hackers don't get the chance to change the data once it is executed on blockchain. Also the miners are always ready to check any doubtful case and remove the problem and kick out the bad players so that they cannot intercept the executed data.

Earning protocols & Rewards

Kalypay is allowing its user to get access to all the applications and protocols of the platform that includes the various staking and liquidity pools of the platform. Also Kalypay platform has best price oracle system that is capable to collect data from the different reliable sources of the market and work out the gathered data/information to give the output regarding the best compatible current price of the crypto assets. That is making swapping and trading in a most authentic way on the platform. The Kalypay holders can stake their assets to get good interest income and can also do yield farming by adding liquidity in different liquidity pools of the platform. The benefit with Kalypay is that it is allowing fast transactions with very low fees that is enabling the users to get access to all the earning opportunities of the platform and also due to best price oracle system the LP generated is most relevant and compatible with the current price if the assets. This platform will yield good rewards for the stake holders of the platform.

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Sound Vision

Kalypay Platform's basic and long-term vision is to provide a peer-to-peer secure and transparent digital payment based on blockchain technology. The project aims to create a global community which consist of developers, influencers crypto investors/traders and also the influencers just like social media. The community of this platform though have their individual identities but yet they exist as a part of a huge joint family on this platform. They can interact with each other, share their ideas and help each other. The community got the voting power and they can decide what is good for the platform to grow rapidly. The project is moving ahead by gathering like minded people who decide the future development strategies and required tools for future growth of the platform.

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