Swan Finance Project Review
Bridge between CeFi and DeFi Platforms
Introduction:Today's financial markets are often centralized. This means that they are in the hands of centralized financial institutions and governments. The power to manage and regulate the flow of money and the supply of currencies, stocks, bonds, debts, and rates is in the hands of several central banks and their associated countries. However, according to many people, in the future, DeFi or decentralized financial markets will greatly disrupt this focus and change the world's financial markets.
In fact, banks and financial institutions have almost complete control over money and its value and determine who can or cannot access financial services. This means that finances are not available to everyone, and those within the system are also forced to keep their money in banks. In 2001, for example, there was not enough money for the Argentine population and people could not get their money out of the bank. A similar phenomenon has happened in Hong Kong recently, and the list does not end there.
Bitcoin and the Altcoins changed people's perception of the word "money" and the future of DeFi is now disrupting all financial services built around traditional money or Fiat.
Decentralized Finance, or DeFi for short, is a complete ecosystem that aims to give everyone access to financial services through a system without borders, without licenses, and without censorship. DeFi is based on ethereum blockchain.
This means that the future of DeFi will be determined by providing solutions for the uses of traditional finance such as trading, lending, borrowing, payment, and insurance. All of this can be coded in smart contracts used in decentralized applications (DApp) to create a global financial network.
What are the main benefits of DeFi?The traditional financial world depends on institutions such as the bank (as an intermediary) and the court (as an arbitrator). DeFi applications, however, do not require any intermediaries or arbitration. It is the programming code that determines how potential disputes are resolved. Most importantly, users have complete control over their assets.
At DeFi Utopia, no one can confiscate your money, oversee your finances, or prevent you from doing business with someone else. Corruption and theft are also minimized, because everything is transparent to everyone.
In addition to eliminating intermediaries, using DeFi can reduce costs and create a harmless financial system. Although it is not so easy to remove banks and centralized organizations from the financial world, we seem to be at the beginning of a strong trend.
Thanks to Blockchain, one can hope for the development of decentralized finance. The data is stored on the blockchain and distributed to all people connected to the network. With this technology, the possibility of information change, censorship or system failure is almost eliminated.
Cefi & DefiCentralized Finance (CeFi) is a service that is built in such a way that all orders are controlled by a central exchange and no other competitor. CeFi only aims to do fair trading, enable more transactions and increase sales processes.
Simply put, CeFi is a special financial service and is built in such a way that all orders (whether buying or selling) are routed through a central exchange. The prices announced by the Central Exchange are the only available prices for traders. With CeFi, users have complete confidence in professionals and legal entities to manage professional and legal funds and implement the services that the business provides.
Decentralized finance (DeFi), on the other hand, consists of financial programs that operate primarily through decentralized blockchain. This is a shortcut. This effectively cuts off the middle man that many financial applications and platforms use today. DeFi aims to expand securities, such as loans, stocks (bonds and other negotiable assets), asset reserves, and insurance that cryptocurrencies have brought to the financial sector over the past few years. Undoubtedly, DeFi is improving the current centralized infrastructure.
Swan FinanceSwan Finance is an ecosystem based on blockchain technology that transforms through a platform into a bridge between a traditional centralized financial system and a decentralized system. It provides an ecosystem based on the new Blockchain technology, in which the ecosystem combines two systems. This ecosystem provides a platform with an easy-to-use interface for things like dividends on equity, peer loans and more. Its users store their assets on the Swan Platform platform to benefit from an attractive APY. In addition, users can use their encrypted assets as collateral and lend to others to use when using platforms. Get more profit from the software in the ecosystem. The ecosystem designed by Swan Finance has other interesting features such as full exchange and high-margin trading, an investment in which users can enjoy features similar to traditional systems, a wallet that provides a safe place to store assets. Provides integration with an AI-based operating system and payment feature that allows users to use their encrypted assets to pay for various services or other items. Their ecosystem is very complete and makes it easy for users without the need to use a different platform.
Swan SecurityEncrypted currencies and users' fixed currencies are safe with the Swan platform. The platform architecture is designed to provide maximum protection. Most cryptocurrencies are stored in cold wallets until they need to be transferred or withdrawn. Swan Finance protects users' wallets and cryptocurrencies in several ways to authenticate users from login to withdrawal. Swan Finance operating system is very secure. In fact, it is as secure as the online accounts that users use for their banks.
Swan ecosystem
The Swan ecosystem includes Swan Credit, Swan Investments, Swan Pay, Swan Exchange, Swan Trade and Swan Wallet. In the future, more significant approaches will be developed to obtain the benefits and limitations of storage and use of SWAN tokens. In the following, we will briefly introduce each of the sections:
- Swan Credit
This feature allows shared loans and encrypted credits
- Swan Exchange
Swan Exchange creates a fully efficient cryptocurrency trading with edge exchange.
- Swan Investments
This feature allows customers to invest their resources in a wide range of new companies.
- Swan Wallet
This wallet will be a safe way to get rid of digital forms of money. This step will be accompanied by the SwanFinance step, so customers can make a profit while safely depositing encrypted forms.
- Swan Trade
This feature allows customers to exchange digital currencies using AI exchange bots and track different customer exchanges for a fee on the scene.
- Swan Pay
This feature allows customers to use SWAN tokens or various digital forms of money to make installments and transfer subsidies.
Project teamThe Swan Finance project consists of a team with experience in areas related to project ideas and goals, which of course is one of the strengths of this project. The following are the main characters:
Roadmap:In the picture below, the project roadmap gas been described:
Token Economics:Official Resources:• Website Link :
https://www.swanfinance.io/• Telegram Official Channel :
https://t.me/aiodexofficial• Telegram channel :
https://t.me/swanfinancechannel• Facebook :
https://www.facebook.com/swanfinance.io• Linkedin :
https://www.linkedin.com/company/swanfinance• Email address :
hello@swanfinance.io
Author’s info:Bitcointalk username: rezaanahviII
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