NON-FUNGIBLE-DEFI: The NFD (Non-Fungible Defi) token is a self-contained token technology.

Ciara Luisu
4 min readJun 19, 2021

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NON-FUNGIBLE-DEFI

Cryptocurrency and Decentralized Finance (DeFi) offer a way to start with a new system, circumventing the difficulties faced in changing the finance industry. While crypto has attracted billions in investments, decentralized financial services are lagging. When it comes to investment in cryptocurrency, crypto investors can buy and sell, but that’s it. The cryptocurrency itself cannot be invested in the same way fiat currency can be. Initial attempts to create peer-to-peer lending and asset tokenization so far have proven partial and unreliable, so investors have extremely limited options when it comes to an investment of their crypto assets. The potential is enormous to provide financial services in crypto, the same way they are offered in fiat currency.

PROBLEM

  • TRANSFER FEES: Since some time ago, the price of the Ethereum chain ecosystem (ERC-20) has skyrocketed like crazy resulting in monthly fees of around a dollar for the average trader.
  • DEX TRADING FEES: The main motive of the Decentralized trading platform is to keep trading costs out of mind and have smoother transactions, which is totally not followed in Dex today like Uniswap and Pancakeswap.
  • UNPROTECTED/HACKABLE HOT WALLETS:
    Recent attacks on Exchanges like Hotbit, Cointiger, Vindax as well as decentralized wallets like Tokenpocket, Brave, etc.
  • USELESS GAMES FOR NFT: Recently, it’s become clear how projects are fooling people into playing their games greedily by making false promises of prizes. All those hours of play are used by the project to play ads and make money.
  • UNDERESTIMATING NFT: In the early days of the NFT era, the NFT auction market was very impartial and professional. But now, almost every NFT market is biased towards the highest bribery or charging too much just to auction in their market.

About

Non-Fungible-Defi is a futuristic innovation which brings NFT’s and Defi altogether at one place to build a highly sustainable ecosystem with high Yield Farm pools with immense APY’s and user generated NFT’s all at a single place. Non-Fungible-Defi will be home to multiple Defi products and platforms comprising our ecosystem which would be driven by our main governance token $NFD. Non-Fungible-Defi also plans to integrate project NFT’s (the next era technology) in their BSC based ecosystem thereby making NFT trading easier and affordable for every holder of the token. The business model is made in such an efficient way that the holders of the governance token $NFD can make use of all the products, platforms and NFT’s developed by the team seamlessly thereby making $NFD ecosystem the most viable and handy. The main motive of the project is clearly seen as integrating all the financial service products like DApps and wallets as well as NFT’s within a single place called ‘NFD Ecosystem’.

Features

NFD Gamify DeFi
NFD is built on the Binance Smart Chain with eligible tokens, yield farms, and non-exchangeable token trading and connects artists with the universe. This ecosystem is designed around NFT, video games, and tokenomics that may edge the end-users.

Non-Fungible Defi DEX
Users can use the automated marketplace creation system (“AMM”) to exchange between FT and NFD on the Binance wise chain, but soon it will support cross chains
Game Integration
NFD has planned to include game growth SDKs in its ecosystem and encourage its users in a great and unique way.
Governance and community involvement
The NFD governance token was made to incentivize ecosystem participants to donate to creating the NFD Ecosystem. By getting the NFD token, the city receives the great to create governance decisions.

Token

Title: Non-Fungible Defi (NFD)
Blockchain: Binance Smart Chain
Coins in circulation: 50,000
Symbol: NFD
Network type: BEP-20

Partners

Conclusion

I see that the DeFi trend is still going strong and bringing a huge amount of outside capital to the crypto market. And NFT is a new technology, with a small market cap there is still plenty of room for future growth. Therefore, NFT is receiving more and more attention from the community. In the near future, hopefully we will see the strong development of Non-Fungible-Defi in terms of the quality and scale of NFT applications in the Defi space so that investors can find good projects, bringing good projects high profits.

Much more detail of this project can be found below:

WEBSITE: https://non-fungible-defi.com/
TWITTER: https://twitter.com/nfd_token
TELEGRAM GROUP: https://t.me/nfdofficialchat
TELEGRAM CHANNEL: https://t.me/nfdannouncements

Author

Username: ciara luisu
Profile Link: https://bitcointalk.org/index.php?action=profile;u=2769222
Address: 0xa4997aa2dc4ef73d5f29e275cf17b414a30401fc

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