[ANN][IDO] DECENTRALIZED LENDING, GOVERNANCE, AND FIAT LIQUIDITY DAPP

[kenvin911]

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Paradefi.
 
Paradefi is a pool-based decentralized lending platform in which borrowers and lenders interact with each other based on a smart-contract algorithm. The Paradefi Foundation aimed at creating a non-custodial decentralized borrowing and lending platform in which every loan activities and procedures can be easily securely done within a few seconds by using the advance of the blockchain technology.
 
The platform is well-developed to a non-human control where all the annual percentage yield (APY) is defined by supply and demand.  

Official website: http://www.paradefi.com
 
Decentralized Pool-Based Strategy.
 
This is the improvement of a decentralized P2P lending module in which caused many barriers with direct deals matching mechanism. Both lenders and borrowers will interact with each other by a pool contract, all assets are stored in a secure pool, and APY is technically defined by the supply and demand. Once a borrower places collateral, they can borrow an instant loan without matching with any lenders
 
Fiat On-ramp And Off-ramp.
 
Paradefi is the pioneer in the defi space that enable liquidity for the fiat on-ramp and off-ramp, the liquidity from crypto to fiat and opposite has been the barrier for years. Moreover, direct liquidity from the decentralized can help citizens to avoid being scammed by dealing with other crypto dealers.
 
Even when the Dapp is not officially launched yet, but the Paradefi team has successfully integrated with over 50 currencies worldwide, a majority comes from the world’s most crypto-friendly countries. Paradefi securely resolves this issue, so liquidation is the key to any mass adoption.
 
Paradefi Token.
 
Paradefi token (PRT) will be spreadly used in our ecosystem and products, and at the fundraising stage, PRT will be a speculative asset for our pioneer holders. Our total fund target is only over 1m$ for the development of the project, it is managed to take 4 rounds, 2 for the seed rounds, and other for private and public sales. Seed rounds can be canceled at any time
 
A pool of PRT is dedicated for the Dapp platform, the team has decided 30% of the total supply for the decentralized lending platform. PRT is prioritized and utilized widely in the platform, PRT offers better interest rates and loan value.

Governance Token

Launch A Beta Version Of Governance on the Ropsten Testnest - Govern the ecosystem by a vote

To increase the role of the community in the Paradefi decentralized platform, the team has been building a user-friendly governance interface for Paradefi Ecosystem, that has been one of our accomplishment to be completed
 
Big PRT holders also have rights over the governance, all the decisions and changes can be done by the votes from PRT holders.

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[qwertyup23]

After checking the link to the website you posted, it seemed like it was down or the website is empty. Kindly check if it's working as intended. In addition, kindly post all the necessary details of your project (i.e. whitepaper, project team, etc.) for curious and potential buyers. Thanks!

[SCORSONEE]

This project need more clarity.Without having proper information how any one would be interested.First need to fix or whatever your site.And then you should provide your whitepaper.

[terciduk123]

Waiting for a response from the Paradefi team. until now the website has not been accessible and not much information has been displayed. The link to Paradefi's twitter account is also inaccessible, please fix it.

besides that, is it true that Paradefi Oracle Network Powered by Chainlink?

[TommyGunnaB]

Paradefi’s mission is to make DeFi accessible, scalable, and transparent to the global. Integrating with Chainlink’s Oracle Solution will bring real-world data on any events happening in the system securely and accurately.

[PARIVEENN]

Paradefi’s mission is to make DeFi accessible, scalable, and transparent to the global. Integrating with Chainlink’s Oracle Solution will bring real-world data on any events happening in the system securely and accurately.

Open Finance movement takes this promise a step further, So it's better for the decentralized finance.

[reap_chain]

The Paradefi Protocol was created to resolve all the deficiencies and issues cause by the centralized financial institutions worldwide and aimed to create an open-source and non-custodial decentralized platform in which all the operations are based on the decentralized lending pool.

[CARRIO]

Without the full information how can anyone will be interested on it.Your site can't accessible. Devs need to be serious on it and fix it soon.

[KLEPACKII]

The Paradefi Protocol was created to resolve all the deficiencies and issues cause by the centralized financial institutions worldwide and aimed to create an open-source and non-custodial decentralized platform in which all the operations are based on the decentralized lending pool.

Imagine a global, open alternative to every financial service you use today. savings, loans, trading, insurance and more . accessible to anyone in the world with a smartphone and internet connection.

[MEHALLA]

Don't you think that if the price rise than it can be tough who borrowed the money.Might he/she have to pay a lot for what they borrowed.Demand Supply is very unstable thing. to predict the future and pay back ..... 

[putudavid]

 the biggest risks of DeFi applications is,The smart contracts could be hacked.There could be a backdoor that allows someone to steal all of  keys. What is the backup plan for this you have.Because we have to trust this and we need reason for that.

[target]

I thought it was just an error since last 2 days but its website still what it is but empty, DNS is not even set.
Upon looking it up its just registered last month - 2020-07-21.  https://who.is/whois/paradefi.com Its a lending and borrowing platform like they said in thier medium articles.

the biggest risks of DeFi applications is,The smart contracts could be hacked.There could be a backdoor that allows someone to steal all of  keys. What is the backup plan for this you have.Because we have to trust this and we need reason for that.

If they are going to be in a hurry to join the defi hype, there will be more risk. They better audit thier codes else it will end up like YAM.

[gob7i9ne]

To join the IDO sale, you need to have some eth in your wallet, then transfer it to Metamask wallet, and only Metamask is accepted during the IDO

[lizarder]

To join the IDO sale, you need to have some eth in your wallet, then transfer it to Metamask wallet, and only Metamask is accepted during the IDO

How can they hold an IDO, while their main website is currently in trouble and people who want to join are definitely not from among the new investors who see DeFi project right away, I think those who want to join this IDO seem to be carefull.

[didzi]

After checking the link to the website you posted, it seemed like it was down or the website is empty. Kindly check if it's working as intended. In addition, kindly post all the necessary details of your project (i.e. whitepaper, project team, etc.) for curious and potential buyers. Thanks!

exactly! the site can't be reachead at this moment
and the team should fix it as soon as possible, if not this project will be dead before born

[CaVO32]

I thought it was just an error since last 2 days but its website still what it is but empty, DNS is not even set.
Upon looking it up its just registered last month - 2020-07-21.  https://who.is/whois/paradefi.com Its a lending and borrowing platform like they said in thier medium articles.

the biggest risks of DeFi applications is,The smart contracts could be hacked.There could be a backdoor that allows someone to steal all of  keys. What is the backup plan for this you have.Because we have to trust this and we need reason for that.

If they are going to be in a hurry to join the defi hype, there will be more risk. They better audit thier codes else it will end up like YAM.

And I am noticing that there are a lot of newbies who are posting here saying positive statements and yet their website is still down. The OP has not come back yet to clarify things. How are they going to hold their seed round on their website this coming 27th if they are not yet up and running? And yet, we will find out later on that they got their funds, how? Manipulation of numbers?

[Fujiati]

After checking the link to the website you posted, it seemed like it was down or the website is empty. Kindly check if it's working as intended. In addition, kindly post all the necessary details of your project (i.e. whitepaper, project team, etc.) for curious and potential buyers. Thanks!

exactly! the site can't be reachead at this moment
and the team should fix it as soon as possible, if not this project will be dead before born

This is really weird, while he say in another thread in altcoin discussion, in the opening paragraph something about paradefi has 8 months development. it was obvious that it was just nonsense sentence. See https://bitcointalk.org/index.php?topic=5270725.msg55047375#msg55047375

[CARRIO]

 As your whitepapaer, the defi market cap has roughly reached a total value of 3.25 billion locked in the active defi platforms.Ho much market you probably gonna capture. Is there any planning?

[poyiscus]

For those unfamiliar with DeFi lending, here’s a quick glance at what makes it unique:

Permissionless – Anyone can lend their assets across the protocol(s) of their choosing at minimal costs.

Automated – Smart contracts follow pre-established parameters to issue, monitor and service active loans.

Non-Custodial – Virtually all DeFi lending protocols do not require users to transfer ownership of their underlying assets. This means they can come and go as they please without any guidance or approval from a third party.

Secure – Major lending protocols have been rigorously audited, meaning that funds supplied to lending contracts are backed by the most robust code in the world.

Dynamic – Most major lending protocols today offer variable interest rates which are automatically adjusted relative to the supply and demand of any given asset.

Stress-Free – Interest earned from lending is collected automatically, meaning there is little to no degree of maintenance required by end-users to earn a passive income on the most popular cryptocurrencies.

[ZUCHA]

To join the IDO sale, you need to have some eth in your wallet, then transfer it to Metamask wallet, and only Metamask is accepted during the IDO

Tokens are becoming increasingly popular in the cryptoeconomy for giving users a direct stake in managing DeFi platforms.