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DEXFIN Launching European Crypto Exchange as a One-Stop Solution for All

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Bitcoin Press Release: The new DEXFIN European digital asset management platform will soon launch, offering benefits from its tokenized business model including affiliate and staking income. 

 

Monday 26th October, 2020 – The DEXFIN Exchange is a one-stop solution for digital assets: buy, store, and manage assets, discover new possibilities of trading in virtual reality, save on fees, and make a profit by staking. Users can also take advantage of tokenization, DeFi lending, savings in crypto (BTC, USDT, and DXF), make use of instant payments through Lightning Network with nearly zero fees, and more.

DEXFIN will launch its digital asset exchange on November 25th, 2020. The platform brings in features that will be attractive for many users.

DEXFIN: Crypto Exchange With Trading in Virtual Reality

DEXFIN is a revolutionary FinTech company which provides a top-quality, European crypto exchange where users can do trading more efficiently in virtual reality and manage digital assets all by themselves – easily, quickly, and securely. With a business model based around circular tokenomics, DEXFIN bridges the gap between cryptocurrencies, company capitalization processes and individuals. This is only possible through a transparent, secure and token-based circular economy using blockchain technology.

DEXFIN: Complete Ecosystem

DEXFIN brings in a complete ecosystem with many benefits and advantages to users:

DEXFIN Token (DXF)

With the DXF Exchange token, users can own part of the DEXFIN infrastructure and gain access to special offers, benefits and discounts.

  • Obtain up to 40% from the fees generated through affiliate links.
  • Get up to 50% off fees on the DEXFIN platform.
  • Receive 11% annual interest when holding DXF.
  • Trade DXF on open markets and redeem them for services provided by DEXFIN or other users of the platform.
  • Gain percentage share from the newly listed tokens on the DEXFIN platform.
Virtual Reality VR Token and Bonuses

If a user has 10,000 DXF Tokens or more, they will get a special bonus which is unrivaled in the world of crypto – the VR Tokens will be automatically credited to their account as an airdrop of VICTORIA VR Virtual Reality project:

  • For every 10,000 DXF, users get a bonus of 100,000 VR Tokens.
  • Users will receive 20% annual interest for locking their VR Tokens in staking.
  • The only condition is to have the tokens locked in staking for 12 months.

VR Tokens will be extremely useful for discounted payments within the VICTORIA VR platform set to attract crowds of users, primarily from the gaming sector.

Staking Platform for DXF, BTC, USDT

Staking is similar to keeping money on users’ term deposits but with a significantly higher annual appreciation. Users just hold coins and tokens on the DEXFIN Exchange and generate passive income from their cryptocurrencies:

  • DXF – 11% annually.
  • USDT – 11% annually.
  • BTC – 6% annually.
Savings in BTC, DXF, and DeFi

With DEXFIN, users can set up regular and convenient monthly savings plans in BTC, DXF Token and other digital currencies. users can also make use of advantageous DeFi (Decentralized Finance) loans built over Bitcoin.

Platform for Trading in VICTORIA VR Virtual Reality

Discover a new way of trading and new trading opportunities! While trading in virtual reality, users can see and follow all the needed information at once – insight from social networks, prices of favourite coins and tokens, charts and indicators, and more.

The DEXFIN trading platform allows users to quickly and securely purchase, sell, and manage digital currencies in real-time from a single interface without any intermediaries and with low fees. users can also use the DEXFIN mobile application to manage their assets on the go, at any time.

Lightning Network for Instant Payments, and More

Use the DEXFIN payment gateway for instant payments using Bitcoin with virtually zero fees. DEXFIN is also establishing many other products users will definitely appreciate: Cryptomats, payment terminals, NFC payment cards, NFC rings, an eShop and an educational website which includes a crypto encyclopedia.

Tokenization Platform

In 2021, DEXFIN is preparing to launch a licensed tokenization platform – a modern digital crowdfunding platform based on the blockchain. Many different assets can be tokenized and moved onto the blockchain – private equity shares, stocks and bonds, real estate, precious metals and even fine arts. These tokenized assets will always effectively link the token issuer to the backers of the project. DEXFIN enables companies to raise finances globally, continuously and compliantly. This allows token holders to benefit from their growth and future profit. Anyone who likes a product and mission can easily support that product or mission by buying tokens.

DEXFIN: Based in the Crypto Hub of Europe

DEXFIN is based in Prague, Czech Republic, which is the home of several notable inventions in the field of crypto. Some examples include the first mining pool (SlushPool) which started in the Czech Republic back in 2010 and the world-famous Trezor hardware wallet. The Czech Republic ranks among one of the most crypto-friendly countries in Europe.

DEXFIN, as a complete ecosystem, is home to many exciting features, benefits and advantages that will be loved and sought out by both businesses and individual users. Now, check out all the details on the DEXFIN Platform.

 

When will you change the way you trade? Visit the DEXFIN website today.

 

Follow DEXFIN on Facebook –  https://www.facebook.com/dexfincom

Find DEXFIN on Twitter –  https://twitter.com/dexfinexchange

Join the community on Telegram –  https://t.me/dexfinhq

Meet the team on Linkedin –  https://www.linkedin.com/company/12986009

 

Media Contact Details

Contact Name: Jonathan Gray

Contact Email: jonathan.gray@dexfin.com

 

DEXFIN is the source of this content. This Press Release is for informational purposes only. Virtual currency is not legal tender, is not backed by the government, and accounts and value balances are not subject to consumer protections. Cryptocurrencies and tokens are extremely volatile. There is no guarantee of a stable value, or of any value at all.

 

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Blockchain

YFI’s Andre Cronje Unveils Multi-Purpose DeFi Protocol Deriswap

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Andre Cronje, the brain behind the popular DeFi protocol Yearn Finance and the most expensive cryptocurrency YFI, has unveiled yet another DeFi protocol called Deriswap.

Obsessed With Capital Efficiency

The project focuses on capital efficiency, an aspect of DeFi that Cronje said he is obsessed with. The YFI creator is set to change the current segmented liquidity, which only allows users to choose one of Swaps (Uniswap, Sushiswap, Bancor, etc.), Options (Deribit, Hegic, Opyn, etc.), and Loans (Aave, Compound, DyDx, etc.). 

He described Deriswap as a protocol that combines multiple DeFi services, including Swaps, Options, and Loans, into a capital-efficient single contract. According to the developer, this allows the interaction between two assets that make up the pair. 

For Swaps, Cronje explained that the contract on Deriswap utilizes the standard Uniswap x * y = k. For example, suppose Liquidity Providers (LPs) provide ETH-BTC as liquidity. In that case, the protocol will allow traders to swap BTC and ETH while using the oracle’s time as the weighted average price (TWAP). 

No Deriswap Token Yet

He notes that Deriswap uses the Black Scholes option pricing model to quote options. While Futures are an extension and simplification of Options, Loans are an extension and simplification of Futures. To get a loan, the user will pay a premium and collateral to access the borrowed assets. 

Lastly, the markets (loan, futures, and options) can be tokenized via Non-Fungible Tokens (NFT) to create secondary markets. 

As with many DeFi protocols, it is expected that Deriswap will have a token, and maybe with a limited supply. As a result, DeFi degens are hoping to dive in early. However, the protocol is currently under audit; hence, there’s no official Deriswap token yet. 

Cronje Continues To Explore DeFi

Since YFI’s success, Andre Cronje has become a prominent player in the DeFi ecosystem. The developer is always exploring and “experimenting” with DeFi products, even though some cost investors money due to exploits

Despite the recording failure with Eminence protocol, Cronje’s last project Keep3r Network was quite different as Keep3r’s KP3R token rallied more than 2000%, with the price moving from $10 to over $200 within a few days.

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Source: https://cryptopotato.com/yfis-andre-cronje-unveils-multi-purpose-defi-protocol-deriswap/

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Blockchain

Inevitable: Ethereum Classic’s Latest Hard Fork Called Thanos Scheduled for November 29th

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Less than two months after its latest network upgrade, Ethereum Classic plans to undergo another one on November 29th. Dubbed Thanos, the new hard fork will enhance security while maintaining its compatibility with Ethereum.

Thanos Is An Inevitable ETC Network Upgrade

The Ethereum Classic team would like to quickly forget the summer of 2020. In the span of one month, the network was subject to three separate 51% attacks.

The Ethereum Classic Core developer team and Ethereum Classic Labs decided to counteract the growing securities issues by implementing the Modified Exponential Subjective Scoring (MESS) solution on October 2nd.

MESS went live on the Mordor Testnet after passing “rigorous stress tests and simulated attacks.” It aimed to prevent attacks by making large block reorganizations up to “31x more expensive, removing any profit motive.”

However, the ETC Cooperative and Cardano developer IOHK published a report disputing the claim that the MESS update will provide “robust security.” Moreover, it argued that there’s “no guarantee that further attacks will not succeed.”

The latest response from the ETC developer team and ETC Labs has tapped the Marvel Universe for its name – Thanos.

The statement described the upgrade as an “important milestone for ETC as the network continues to drive innovations that will support existing miners and attract new ones while continuing to maintain compatibility with Ethereum.”

The Next Logical Step

According to the announcement, the Mordor Testnet activation occurred on block 2,520,000 – on October 18th, 2020. The ETC Mainnet activation is expected to take place at block 11,700,000 – around November 29th, 2020.

Consumers need to upgrade their node software to a fork compatible version to Core-geth v1.11.16 or later to ensure the success of the hard fork.

Founder and Chairman of Ethereum Classic Labs, James Wo, believes that the Thanos network upgrade will enhance the security while helping ETC to “distinguish itself and increase functionality for its users.”

“The Thanos hard fork is the natural next step for the network, reducing the DAG size to help cultivate a more distributed and healthy mining ecosystem, increasing hash rate, and allowing miners to continue mining ETC and for new miners to join the ecosystem.” – Wo added.

Featured Image Courtesy of SideShow

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Source: https://cryptopotato.com/inevitable-ethereum-classics-latest-hard-fork-called-thanos-scheduled-for-november-29th/

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Blockchain

PayPal CEO: 28 Million Merchants Will be Able to Use Cryptocurrency for Transactions in 2021

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It is now a well-known fact that payments giant PayPal is knee-deep in the Bitcoin market. In today’s interview with CNBC, CEO Dan Schulman explained his rationale behind the world’s top cryptocurrency value. He also elucidated on why his company is placing giant buying bets on BTC.

The Utility Surrounding Bitcoin And Cryptocurrencies Is What Imparts Them Value

Upon being asked to explain the inherent value of bitcoin, PayPal CEO Dan Schulman immediately said that BTC and the aggregated class of crypto assets derive value from their utilities.

Mr. Schulman pointed out a scenario where dependability on cash has dropped 40 – 70 percent due to the ongoing coronavirus pandemic. Central banks, he said, will eventually go digital, converting paper fiat into their electronic counterparts.

The above will, in turn, bolster the utility aspect of cryptocurrencies in a significant way, in the words of the PayPal boss. Also, the company will allow the usage of crypto as a funding source for 28 million merchants on its platform.

“Early next year we’re going to allow cryptocurrencies to be a Funding Source for any transaction happening on all 28 million of our merchants and that will significantly bolster the utility of cryptocurrencies”

Lastly, Schulman pointed out the recipe for the success of cryptocurrencies. He said that the key is in working as a team with regulators.

Square, PayPal, Grayscale Rapidly Lapping Up All Available BTC

As reported by CryptoPotato, Pantera Capital attributed the latest face-melting bitcoin rally to PayPal and Square’s aggressive buying spree.

When PayPal went live, volume started exploding. The increase in itBit volume implies that within four weeks of going live, PayPal is already buying almost 70% of the new supply of bitcoins. PayPal and Cash App are already buying more than 100% of all newly-issued bitcoins.

Such is the buying pressure from these financial services heavyweights that it’s causing an acute BTC shortage in the market. Due to the pre-programmed supply mathematics. Which in turn is pushing bitcoin (BTC) prices up.

As per Pantera Capital in a previous report,  the firm estimated that Cash App was picking up 40 percent of all the newly produced bitcoins that miners. Add to this the additional 70 percent BTC supply that PayPal is buying. This results in a 110 percent shopping activity. This, in turn, is creating a net 10 percent shortage.

Also, top institutional investment focused bitcoin and crypto investment fund Grayscale recently logged its best quarter with its stash size growing to 500,000 BTC. This accumulated buying activity explains why prices of the flagship cryptocurrency found their north star and are on their way to reclaiming the previous all-time highs.

Featured image courtesy of LAPM Journal

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Source: https://cryptopotato.com/paypal-ceo-28-million-merchants-will-be-able-to-use-cryptocurrency-for-transactions-in-2021/

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