T-Fi (True Finance): A newer form of DeFi


Posted February 28, 2021 by atozcrypto

DeFi is in the craze right now, and companies are modifying it and expanding on it for a while. A company named Bosagora is doing the same thing with its advanced Defi network, T-Fi.

 
UK, 28th February- Recently, the term DeFi (Decentralized Finance) is on the rise, especially within the cryptocurrency community. Different financial models are being studies that would wholly support this concept. If you an avid reader of Cryptocurrency latest news and blogs, then you would know.

However, we will give a quick rundown of what’s happening in DeFi. The concept of T-Fi (true finance) was proposed by a public blockchain-based platform Bosagora. This financial model will work exactly like a fiat-based economy, as it would have provisions for stocks and other such entities. The operational currency of this network will be BOA, a coin launched by Bosagora. Also, it will act as a platform with a lending facility in the future, although the exact date is not known. However, experts speculate this will begin in the upcoming month.

Some additional features will be added, such as trust contracts, and CoinNet, etc. How would users gain profit from this network? This is an interesting question, and let’s learn what the experts have to say about that. Users will be awarded with rewards when these coins will be produced in huge amounts (generated from the nodes). Also, they can profit from the fixed interest rates while participating in lending activities.

The network will also have its own security tokens, and if users participate in projects linked with them, they can earn profits from them too. So, here is a gist of what you should know about this platform. It should be noted that this network has garnered huge popularity in the community. Well, it’s mainly because of the fact, that this network can generate profits.

To achieve overall efficiency, the company may create some laboratories, along with nodes to overlook the operations. Apart from that, the company will also have an exchange where users can participate in lending activities.

The main aim of the company is to offer a degree of stability through this network T-Fi. also, it will work upon the areas of deficit, the original DeFi network may have. Also, people can invest in real-world entities using this network.

Of course, one needs to be familiar with cryptocurrencies, DeFi, and the whole other terminologies, and their working principles. You can learn about these concepts by going through the latest blogs and articles written on these subjects. You can refer to AtoZCrypto.org for that matter.
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Last Updated February 28, 2021