Place/Date: - August 23rd, 2022 at 4:30 pm UTC · 4 min read
TiFi is building an integrated finance ecosystem called TiFi Allverse, which includes a shopping & trading platform with NFT and TiFi Token, and a Decentralized Exchange System. The ecosystem has reached several milestones only a few months into its launch and has become one of the top projects on the BSC blockchain.
The two key factors behind its success have been the utilities the ecosystem provides through TiFi bank and the recent success of Allverse. The Allverse concept, introduced by TiFi, aims to connect the metaverse and the physical reality. It creates a seamless platform for trading goods between the virtual and physical worlds. Instead of having real-world things delivered to clients, the idea is that people can shop and trade products using NFT. Customers and suppliers will not have to put up the effort to touch and store the product and leave it with the vendor until they are ready. The whole process will be streamlined and automated, making it simpler, quicker, and safer for both customers and suppliers. Additionally, TiFi develops the infrastructure for dependable suppliers so they may safely store and transport the goods to customers.
Additionally, TiFi will interface with suppliers such as Apple, Tesla, and well-known premium brands. These businesses receive a large number of order requests, but their inventory of goods is insufficient. However, they can create NFT using our platform, which will act as a temporary virtual possession of the asset. Customers can exchange the item once it is available and then redeem it later. For instance, when gas prices rose, many consumers purchased Teslas, but there weren’t enough inventories to meet demand. In these situations, TiFi NFT can be utilised as a special digital asset to prove ownership of the physical asset without having to deliver it to clients.
Due to the enormous market demand, TiFi Allverse is a fantastic choice for products that are in short supply. The NFT itself has value and can be traded much more easily and quickly than the actual goods. It’s significant to note that ownership of an NFT corresponds to ownership of the actual product. The reliability of the vendors and the worth of the actual product support the NFTs’ ideals.
In addition to trading stimulation, TIFI provides an auto-burn mechanism and prizes for reflection. They will ensure that TIFI holders receive the most value and anti-inflation protection for their investments.
According to BscScan, TIFI presently has more than 57,000 holders, and CertiK audits it. The TiFi team intends to create an integrated finance ecosystem in addition to the TiFi Token and TiFi Shopping & Trading Platform. TiFi is a rapidly expanding initiative. A DEX (Decentralized Exchange) Platform is also a part of the ecosystem, allowing TIFI holders to exchange cryptocurrencies and earn more TIFI in one place.
The DEX (Decentralized Exchange) TiFi Bank operates on the Binance Smart Chain and offers competitive rates for trading tokens as well as greater incentive rates for liquidity providers. Swap and liquidity are the two key elements of the initial TiFi Bank release, which was on July 12. TiFi Bank charges switching costs when trading per pair at a rate of 0.20 percent, which is 20% cheaper than PancakeSwap.
TiFi offers several exciting options to users, including a marketplace to purchase articles and real-world products using NFT and cryptocurrency. It will transform the whole shopping experience and enhance the reach.
TiFi Bank, one of the most anticipated projects in the ecosystem, allows TiFi token holders to stake, exchange, and earn their holdings, all of it through a single platform. Also, it has a dedicated platform to purchase, sell and trade NFTs.
The various subprojects in the TiFi ecosystem have helped the platform gain widespread adaptation and become one of the most preferred platforms. The ability to perform a plethora of actions, all in one place, is one of the key aspects behind the success of the project. Another critical aspect is the market-oriented tokenomics and the smart contracts employed by TiFi.
Besides, it has partnered with several popular and credible names in the industry, including Yahoo Finance, NewsWire, Gate.io, Obsidian, Vulcania, and Ivendpay, amongst others. If you haven’t yet, check out TiFi today and acquire the TiFi token!
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