RFinance (RFI) A New Frontier in The De-Fi Ecosystem

[rfinance]

Turning to the power of smart contracts, crypto lenders and borrowers use different protocols to access loans. Bitcoin might have given the world money but Ethereum is giving it finance. A novel decentralized financial application seeking to bring the opportunities that lie within De-Fi to anyone with a smartphone is RFinance (RFI). Going beyond the speculation narrative, RFI is making it easier for savers to access better yields in the crypto sphere.

What is RFinance (RFI)?

RFinance (RFI)  is a advance DeFi yield aggregator platform, which aims to build an aggregate liquidity pool, a leveraged trading platform, automatic market making, and other functional platforms. RFinance (RFI) is a comprehensive De-Fi ecosystem. It traces its crypto aggregation protocol from kindred apps such as Aave, Compound, or dYdX. Leveraging the potential within open source code and decentralization, RFinance is a complete marketplace. Here lenders and borrowers can negotiate and come to terms without the use of a third party. RFI aids the automatic movement of positions between lender and borrower agreements. It assists depositors in accessing high yield rates from their capital.

RFinance could not have launched at a better time in the DeFi space. The cryptocurrency market is increasingly seizing up the legacy finance borrowing and lending turf. De-Fi offers higher interest rates. Besides, it has the added benefit of less taxing verification procedures. A crypto holder can present a virtual asset as collateral and access a loan via RFinance to meet an immediate financial need. In so doing, they can separate their long-term investment crypto goals from their short-term goals.

They will also dodge a taxable transaction of their crypto assets. A fantastic opportunity for high passive income generation, De-Fi investors are lending out their digital assets for interest rates as high as 12%. In contrast, conventional lending institutions are offering negative interest on deposits as the global economy heads towards a recession.

What are the benefits of RFinance?

Think of RFinance as a financial posting board. On this board, lenders offer loans in a trustless manner from pools of funds. They contribute to these pools with their deposits. Lenders in turn borrow these funds then pay them back with interest. Every pool allocates a percentage of these crypto-assets as a reserve. The stockpile is the De-Fi world’s hedge against crypto volatility.

To this end, lenders can withdraw their funds when they want to. RFinance gives people charge of their money and opens exciting doors for them to use it. Investment and trading have never been more accessible or easier to initiate!

Some RFI benefits include;

Multiple currency support

RFinance’s token has more functionality and its users can access a wide range of cryptocurrencies. Traditionally, De-Fi platforms use assets built on the ethereum network. These include stablecoins such as DAI, USDT, LEND, Maker, Coinbase’s USDC, Binance’s BUSD, or ETHLend to name but a few. RFI currently leverages the Ethereum blockchain as well, but it is seeking to break away from the platform’s legendary high gas fees and speed limitations.
This new crypto lending platform will achieve this feat by banking on cross-blockchain interoperability. On RFinance, lenders, and borrowers can soon use other speedier and cheaper transactions charge assets such as Tron, ADA, and EOS.

Access to lucrative liquidity mining pools

On RFI platform, users will build an automatic market maker (AMM) via liquidity mining. Any miner can provide liquidity to RFinance liquidity by running open-source mining software. There will be depositor and lender income as per an algorithmic and transparent pricing module. Stakeholders will also access highly lucrative yield firms. The sharing of returns is as per a user’s accumulation of RFI tokens deposits.

Frictionless dynamic switching between lending platforms

One outstanding feature of a De-Fi wallet is that unlike bank accounts, the user can work with any interface of their choice. They can switch between wallet apps to pursue higher yields with ease. Simply import a copy of a private key. RFinance uses this feature as a boon, helping all its users benefit from other apps. This eventually makes the whole De-Fi ecosystem more powerful and useful for all.

How is RFinance unique?

Useful RFinance performance analytics

Crypto assets are synonymous with high price volatility. They also do not offer investor protection. Nevertheless, they are a novel asset category with public protocols that display all financial information to the public. RFI leverages this feature to offer analytics that helps all players make informed borrowing or lending decisions. Users can track their profits, enjoy more profit, and cut down their exposure to risk.

Open-source governance structure

Unlike other projects in the space, RFinance is fully decentralized. It is community-owned meaning that RFI users directly influence and own the development’s protocols. Since the community governs it, they can submit code changes or proposals. If acceptable to all, they can enhance the RFI ecosystem. All RFI holders have voter’s rights.

Yield farming opportunities

RFI offers incredible yield farming opportunities where anyone can access arbitrage opportunities. Here users do not need massive upfront capital. They can instead innovate with optimum strategies that diversify smart contract benefits.

RFinance mobile app

To ensure that every person in any place in the world can enjoy the benefits of De-Fi, RFI has built a robust smartphone app. All that users need is a smartphone and internet connection to earn. The app is intuitive, secure, scalable, and efficient.

Decresing Function

30% of the trascations fee of automated market maker (AMM) on the Rfinance platform will be used to buy RFI token and burn it and the remaining 70% will goes to AMM's liquidity provider (LP).

RFI Presale

The total RFI supply is 50,000 tokens. The presale will be 20,000 RFI or 40% of all tokens available. The presale is about to launch and its hard cap is 500 ETH. Afterward, every unsold RFI will be burnt permanently to remove them from circulation. This deflationary purpose move provides higher incentives to RFI users. After the presale, RFI tokens will be on the Uniswap DEX.

RFI Token Distribution Breakdown

Total supply: 50,000 RFI
Listing Price: 1 ETH = 33.33 RFI
Presale: 20,000 RFI (40%)
The presale will be conducted very soon with a hard cap of 500 ETH. Any unsold RFI tokens will be burned. RFI token will be listed on Uniswap DEX as soon as the presale will finish. Details of the Presale will be announced very soon.

Team: 2500 RFI (5%)
The 5% team tokens are locked, will unlock 2.5% First month next 2.5% will be unlocked after six months.

Staking: 5000 RFI (10%)
10% of the token will be locked These tokens will be used as rewards for staking. when the RFI staking function launched.

Marketing and Audits: 2500 RFI (5%)
As RFI is a community-driven project and we have established connections and partnerships with other crypto projects as well as influencers in the space. so 5% of the token will be used for community airdrop, Listing marketing, and audits.

Development: 7500 RFI (15%)
Since we want to make it a unique and useful De-Fi ecosystem, not like many new projects out there and we have already onboarded some best quality experienced web developer, designer, and solidity developer who have agreed to work with us.

Reserve: 2500 RFI (5%)
5% of RFI tokens will be kept in reserve for emergency use cases due to community-driven project The community must agree on the usage for these Reserve tokens.

Initial UniSwap Liquidity: 10000 RFI (20%)

Upcoming Roadmap

August 2020
Tokenomics and research

Sep 2020
Project announcement
Presale and Uniswap enlistment
White paper, website, and staking launch

Oct 2020
The launch of the RFI aggregate platform

Dec 2020
The launch of the RFI decentralized automatic market-making platform

March 2021
The launch of the RFinance decentralized leverage platform

June 2021
RFI iOS and Android mobile apps operate

Oct 2021
Testing and release of our decentralized oracle service network

Feb 2022
Testing and release of the RFinance decentralized derivatives trading platform

Sep 2022
The RFI Multi-currency support feature launches

This roadmap paints a bird’s-eye view of the aspirations of every developer, designer, and stakeholder of the RFI community. Specific announcements and their dates will be in our upcoming posts and the RFinance official telegram channel.

Join the official RFI Telegram for more details about the upcoming token presale details!: https://t.me/RFinance1008

Website:https://rfinance.io/
Email:Contact@rfinance.io

[1714129576]

1714129576

[nutildah]

Likely scam project as a lot of content is copy/pasted from XFinance.

https://bitcointalk.org/index.php?topic=5276948.0

Even from the OP:

RFinance (RFI)  is a advance DeFi yield aggregator platform, which aims to build an aggregate liquidity pool, a leveraged trading platform, automatic market making, and other functional platforms.

From DigiFinex exchange:

Xfinance is a decentralized finance (DeFi) yield aggregator platform, which aims to build an aggregate liquidity pool, a leveraged trading platform, automatic market making, and other functional platforms.

It's a word-for-word copy of somebody else's idea. There's absolutely nothing new being achieved here and this project appears to be a short-sighted money grab. Even the roadmap is copied from elsewhere.

[Twinkledoe]

Busted so early! Guess the OP will just ignore the accusation and let this project die on its own terms. And then, create another DeFi project. Buy another domain name. Post again in the forum. Another cycle of potential scamming to naive buyers.

[as9ardia]

Its no scam project please read carefully not each and every project scam please don't compare it with others

It's very normal to compare anything, on your thread I read there's some comparison between your project and another projects.

~
Open-source governance structure

Unlike other projects in the space, RFinance is fully decentralized. It is community-owned meaning that RFI users directly influence and own the development’s protocols. Since the community governs it, they can submit code changes or proposals. If acceptable to all, they can enhance the RFI ecosystem. All RFI holders have voter’s rights.
~

[Bitstar_coin]

Its no scam project please read carefully not each and every project scam please don't compare it with others

Bro they just pointed out your copy paste plagiarized word to word text above and all you could come up with is this? You guys seem to forget that this forum has some brilliant minds capable of sniffing out any crap in a project, and you just got butsted! I guess you only borrow few lines from Xfinnance  

[Sterbens]

Its no scam project please read carefully not each and every project scam please don't compare it with others

Bro they just pointed out your copy paste plagiarized word to word text above and all you could come up with is this? You guys seem to forget that this forum has some brilliant minds capable of sniffing out any crap in a project, and you just got butsted! I guess you only borrow few lines from Xfinnance  

Their denials are just like that I'm sure it doesn't convince the users of this forum if you really don't want to commit fraud then there's no need to plagiarize text from other projects because that could be called stealing other people's coins, does that understand?

Do not understand that there are many arguments that are not useful for us to hear, so it is better to stay away from this project.

[Anonylz]

Any project who is so lazy to the point of copying and plagiarized its content from another project is not worth paying attention to, this is what will be happening because of the taste for Defi project, the trend is hot, people are pumping money into Defi and scammers are taking advantage of it to create scam project, people will get rekt in DeFi if care is not taken.

[TeraBite]

Any project who is so lazy to the point of copying and plagiarized its content from another project is not worth paying attention to, this is what will be happening because of the taste for Defi project, the trend is hot, people are pumping money into Defi and scammers are taking advantage of it to create scam project, people will get rekt in DeFi if care is not taken.

Agreed with you so many copy cat projects are entering into this space nothing unique they are offering but the big question is that we really need that kind of project? Of course not while there are some project already offering the same service and they are looking legit than no need to fall under this scam.

[Fesatmas]

Any project who is so lazy to the point of copying and plagiarized its content from another project is not worth paying attention to, this is what will be happening because of the taste for Defi project, the trend is hot, people are pumping money into Defi and scammers are taking advantage of it to create scam project, people will get rekt in DeFi if care is not taken.

Agreed with you so many copy cat projects are entering into this space nothing unique they are offering but the big question is that we really need that kind of project? Of course not while there are some project already offering the same service and they are looking legit than no need to fall under this scam.

They have no unique ideas so copying from other projects, I think the current Defi project is nothing unique they only take advantage of hot trends and all new projects with the same Defi are nothing different, lazy scamer just wants profit it's impossible to think of unique ideas or service their product because they don't have good thinking.