Tradetoken Network Overview
Tradetoken network is a blockchain project that leverages Decentralized Finance (DeFi) technology to bring financial solutions, transparency, and empowerment to the users of its ecosystem. Tradetoken is positioned to be the world’s preferred one-stop hub for decentralized financial applications that would add value to individual users, businesses, and governments. Due to the challenges associated with the centralized financial systems, the world is turning the attention to the blockchain’s decentralized systems for solutions.
What is Decentralized Finance?
The centralized global Finance still dominates the world’s economy. However, this system has inherent challenges (springing from its centralized structure) that make it insufficient in several aspects. Major players such as banks hold indomitable authority within the industry. If you were to deal with a bank today, you will have to seek approval for nearly every activity, from getting huge loans to daily transactions. A centralized system also presents many intermediaries that make the transaction slow and expensive. The data of the consumers’ are also at risk in this system since the chain of players can access them. A centralized financial system is also bureaucratic hence hindering some people from accessing services such as loans for instance.
DeFi – The Solution
It is the combination of such problems that have made people turn to blockchain decentralized systems for a solution and better financial systems. Decentralized Finance (DeFi) is a blockchain-based financial system that has distinct advantages over any centralized financial system.
This system is more transparent since it is open and anyone anywhere across the world can access it. This level of openness will also solve the problem of inequality that is inherent in the centralized system. DeFi is also more secure since the records kept in the system are scattered across many devices and not in a central server. Attackers targeting this system has no central target. This system is also hard to compromise due to many nodes that are required to approve any change made in the blockchain.
So What does Tradetoken bring to the Table?
Tradetoken as a Defi project is bringing a plethora of Defi applications to empower it’s users to do business transactions freely and securely with no central control. Below are some of her Defi blockchain products:
They have created an awesome crypto exchange solution called Tradetoken Exchange. It is a powerful white-label exchange where you can trade, swap, and exchange over 150 standard cryptocurrencies. Some of the supported cryptocurrencies include Bitcoin (BTC), Ethereum (ETH), XRP, Doge, Dash, and Doge. This platform is fast and safe.
For wallet solution they have created the TT-blockwire wallet, which is a cryptocurrency wallet that offers storage, quick-swap, staking, and Peer-to-Peer (P2P) crypto exchange. This wallet has a unique feature called Transaction Confirmation System (TCS) that helps in the confirmation and approval of transactions. This wallet is highly secure.
TT-Susu was created to create a saving solution for users. It is an app that enables users to save their funds by contributing weekly or monthly. Then participants now take turns to receive money from the pool of money contributed. This encourages personal savings.
For travelling solution TT-Wakka was created. It is designed to enable people who do a lot of traveling to enjoy smooth logistics and low costs. The program aims at reducing the cost of traveling by 20%-50% for the users.
Payment with crypto solution
You want to be finally able to pay for goods and services with crypto? Not to worry they have also created the Tradetoken Debit card allows you to do this. It can also be used to pay for fees, and any other day-to-day transaction. This is a fast and secure mode of payment.
Sport Industry Solution
For this they have created the TT-Sport app. The aim is to invest in special talents in various types of sports such as football, basketball, rugby, and athletics, sponsor their training and send them to tournaments. The aim is to develop these talents and sell them off for profit. This program specifically targets Africa.
Tradetoken is a novel blockchain program that aims at bringing the desired change in the financial industry and other industries. With the DeFi approach, this program is the solution to most problems affecting individual merchants, businesses, and governments. Tradetoken, empowering the world through Defi.