The Future of DeFi

Cryptocurrencies have been making a splash in the investment world over the past few months. Currently, decentralized finance or commonly known as DeFi (Decentralized Finance) is suspected to be the cause. This conditions can not be separated from the new innovations of DeFi that began to appear in the market. Today, DeFi platforms continue to emerge, each platform has its own advantages, some are able to compete and some are disappearing.

Many people believe that DeFi is the future of the financial system, despite its advantages and disadvantages. The DeFi ecosystem that is likely to increase in 2021 is DeFi platform that build on Binance Smart Chain Ecosystem

Lets back to topic, RoboFi And VICS Token - Is it Worth and Potential Project In 2021 ?

Many parameters can be used to determine whether a blockchain project is potential or not, here is my snippet about #RoboFi and #VICSToken.

Vision and mission

"RoboFi created to provide a safe and trusted environment for the financial market. RoboFi aims s to be the first defi platform that is powered by bots which supports individuals' earning in financial markets including, but not limited to cryptocurrency,equities, forex. " RoboFi Whitepaper

If we're looking to their vision and mission, this is a new model of DeFi project. Different from the others, most of which only focus to provide a staking, lending and borrowing service.

Fundamentals

• Funds

"We have made a partnership with private investors, and we are very proud to announce that our 1st and 2nd private sales were a success. It is humbling to say that our private token sales has raised over 12m USD within one month! " RoboFi Medium Article

In terms of the funds they have, roboFi is not a project that lacks of funds, 12M dollars is a great value. With these funds, I think their application should be available no less than by the end of this year.

• Publications

  
  Usually, large and trusted media will publish their view about one platform if the platform is good platform or potential platfom. Whatever the value of the review, whether good or bad, it will definitely be there. With a clear and open review without any attempt to cover it up, it can give confidence to investors or potential investors.
  What're media says abouts RoboFi ?

"RoboFi combines traditional fintech and blockchain technology, to provide a next-level revolutionary crypto trading bots marketplace technology that is secure and transparent." Bloomberg

As far as I know RoboFi has been mentioned by other major media, if you are curious you can read the summary published by RoboFi on their medium account. Click here

• Token use case

"VICS Token is a BSC token, built on the Binance Smart Chain. Using VICS token, RoboFi users can purchase DAO
Crypto Trading Bots, stake, or participate in the IBO and be a governance shareholder of a crypto trading bot.." Bloomberg

From theat statement, it can be concluded that #VICSToken that issued by RoboFi is a utility token with a clear use case. That mean #VICS Token has a very important function and becomes the main currency on RoboFi Ecosystem.

In the Merriam-Webster dictionary, a utility token is defined as the following, “a digital token of cryptocurrency that is issued in order to fund development of the cryptocurrency and that can be later used to purchase a good or service offered by the issuer of the cryptocurrency

• Products

"There existing financial market is facing many inefficiencies and risks, such as price manipulation, lack of transparency, insider trading, overloaded fake information, and other unknown risks." RoboFi Whitepaper

To solve this problem, robofi applies the DAO principle to their product. As we know that DAO is part of blockchain technology, which means everything is transparent and secure.

RoboFi Products

• RoboFiStore
• RoboFiTreasury
• RoboFiExchange
• RoboFiLending
• RoboFiGame
• RoboFiEarn

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About RoboFi

RoboFi (www.robofi.io) is a Defi platform that envisions a marketplace for revolutionary Dao crypto trading bots. Through its IBO (Initial Bot Offering) system, community members can maximize their earnings in an easy, simple, and secure way. We create a safe and transparent environment based on blockchain technologies that help developers bring crypto trading bot platforms to the market. In addition, individuals will have easy access to these bot applications, thereby generating more earning opportunities. RoboFi ecosystem is fueled by the $VICS token.

To know more about RoboFi, please visit their website and join their community
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