Hi all, I happen to get in on a project which seems to be in stealth mode at the moment and felt it would be a great idea to share in here. Well, I'm not sharing to grow my bags as they are still in private sales and anyone in here can get in before they go viral on some media outlets.
Bictory Finance is building a financial suite of products (CEX,DEX, Crowdfunding Platform) on Concordium Blockchain. The problems that mainly exist in the DeFi Space are:
1. DeFi Ecosystem built on non-compliant infrastructure
2. Inadequate liquidity on DEXes
3. Complicated KYC and Whitelisting Process on exchanges and Crowdfunding Platforms
How they plan to solve these problemsUsing Concordium's protocol level ID Layer that makes KYC way easier for whitelisting process and other verification.
This also ensures total privacy unless requested by a certified legal permission.
They would use a proactive market-making protocol to help boost liquidity on their upcoming DEX.
The main reason for choosing Concordium Network to deploy their solutions are below
What really catches my attention is the tokenomics of this project! A huge ecosystem like that has only 100M in total supply. Come to think of it and all the utilities tied to it. If my memory serves me right after having a look at the deck which was sent to me after signing the SAFT.
Utilities tied against $BT tokens are
1. Discounts on trading fees
2. Listing fees on CEXes
3. Allocating major portion of DEX fees to liquidity providers.
Basically, their native token $BT token will be the only utility token in their ecosystem.
In the meantime, these are some useful links that y'all might want to have to know more about this project.
Website:
https://bictory.ioTwitter:
https://twitter.com/Bictory_financeTelegram:
https://t.me/BictoryFinanceTelegram News Channel:
https://t.me/BictoryNewsLinkedIn:
https://www.linkedin.com/company/71744301I would update this thread with the moonsheet I am preparing
