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Decentralized Finance (Defi) defines the current hype of the cryptocurrency markets. Alongside NFTs. It’s the buzzword and a concept that blew up the entire market. It opens limitless possibilities that most users are yet to grasp completely. What caused this sudden shift from the traditional way of earning, lending, and borrowing to the blockchain network’s decentralized forms could be attributed to several factors. One of these is the will to take over finance from a particular set of people who have dictated finance to the rest of the world.
The growing distrust of this select group of individuals, responsible for the meltdown a couple of times in the world’s history, comprising investment bankers and bankers of different cadres, gave rise to decentralized finance.
DeFi has grown due to its elimination of the traditional middlemen and a sharp shift from the usual way of doing business. It creates opportunities for earning, lending, and borrowing. No longer was it necessary to deal with financial institutions or the bank to get a deal done.
But, despite its brilliance and innovation, DeFi encounters challenges. Many users still bump into the problem of sophistication still present on most Defi applications. Unfortunately, Defi application users currently experience complexity with the UI/UX and transacting processes, a problem the team at Token Erinchement Network (TEN) pushes to solve.
Token Enrichment Network (TEN) emphasizes the convenience of operation within DeFi by acting as a yield optimizer/aggregator by simplifying staking and yield farming with the most liquid Binance Smart Chain Liquidity Pools available. TEN provides a robust yield-earning environment with adaptability features to adjust to the daily liquidity needs of different pools. The protocol will also introduce simplified and profit-driven lending and borrowing systems in the coming months.
Not everyone will become familiar with the DeFi application at the first instance. Robinhood, a free-trading app that allows anyone to trade stocks, options, cryptocurrencies, and exchange-traded funds (ETF) without paying commission or fees, is an excellent example of how simplicity could bring about increased users and usage.
TEN wishes to be the Robinhood for staking, yield farming, lending, and borrowing within the Decentralized Finance ecosystem while providing the high and sustainable APY most straightforwardly and safely. Like Robinhood, the TEN platform’s rallying point will be its simplified User Interface and Experience (UI/UX). This platform was created with novice users in mind. A smooth UI/UX is an essential factor that has spurred adoption these days, and TEN will be the go-to platform for all DeFi applications due to this factor.
The distinguishing feature of the TEN ecosystem will be its ease of use. All of its products and services will rally around its simplified application systems. Stake and Earning will be done in three clicks:
While unstaking is as easy as the staking, it’s also a three-click process;
Staking has two main types; traditional staking is carried out as a validator node on a Proof of Stake platform like ETH 2.0. The other form functions as a Yield Farming event, where users get rewarded for locking their coins/tokens for a specific duration. Whatever the basis, all stake events are for earning. Staking and Yield Farming are the two key components of the TEN ecosystem.
Yield Farming has the same fundamental operation as agricultural farming, both of which will mean users or farmers committing resources to a platform or soil to earn or produce. TEN will offer APY at launch, which could seem high or low depending on how users view it. From launch, the APY will be reduced at a rate of 8% daily for 30 days. For instance, if APY for Day 1 is 1200, it will be reduced by 8%; thus 1200 X 8% = 96. Day 2 will be 1200 - 96 = 1104. This will then continue to be reduced by another 8% daily for the first 30 days. The block rewards emissions were established in such a way that the TEN ecosystem will surpass the tokenomics life cycle of most other yield optimizers/farms in the Defi space. This is done to ensure stability. In short, the $TENFI liquidity pool will dictate the rate of APY via an algorithm, thereby achieving a truly decentralized system.
The introduction of $TENFI will provide increased liquidity rewards that intend to bring in high volume users to buy-in and provide support for the platform. The platform will be launching with a shortlist of high liquidity coins that can be staked for Yield Farming. Users will be able to deposit liquidity, stake, and withdraw without facing any fees on the native tokens while auto-compounding yields across its aggregator platform.
The liquidity incentives will result in inflationary pressure, hence the daily decline in APY to keep that in check. The $TENFI token rewards come on top of the LP rewards users will receive in each respective liquidity pool. This means users will be able to earn their respective LP tokens in addition to $TENFI tokens. This is an incentive model unique to TEN Finance as traditional farms solely give rewards in their native token.
As per the team’s official Medium post, new features will be added to keep the platform attractive. These costs will be supported by the 18% development contribution fees allocated from the staking rewards.
Lending and Borrowing: The TEN platform will enable premium lending features for its users over the coming months. Users get to set their own APR based on their parameters and risk tolerance with discounted borrowing features given to $TENFI holders.
The flagship product of the TEN protocol, Yieldex, is distinguished by coins/assets comprising the various pools. For instance, the super yield will have high-quality projects like BNB and BTC offering liquidity incentives. The “Bluechip Yieldex” will provide the highest APY available in the entire DeFi space, automatically sourced and advised. Lastly, TEN stable coin Yieldex will offer low-risk APY returns. The inclusion of new coins will be determined by community vote; allocation of votes will be determined by the amount of $TENFI tokens held.
Users will find the Rebalancing feature useful as it targets high-yielding pools and automatically moves funds to the best coins for each strategy. Top APYs, Stakes, or pools get funds automatically allocated, taking care of the gas costs incurred if users were to move funds themselves.
To further ensure the security of their products, the TEN team has conducted a full security audit by CertiK pre-launch to ensure user peace of mind. This audit service includes CertikShield protection for $TENFI tokens, protecting user funds. The audit was completed in Early March, well before the launch of the TEN platform. This audit will help establish the security of the protocol, but it is important to note that audits are not the holy grail of security. For those who wish to learn more about the audit and CertiK’s services refer to the following:
CertiK Security Leaderboard - Ten Finance
CertiK Project Review: A BlockChain Audit and Blockchain Security Protocol
Decentralized Finance concepts may seem brilliant and simplistic, but the approach adopted in most DeFi apps is far from its simple nature. While sophisticated, the industry has experienced bottlenecks that threaten the increased growth of the industry. Thus, a much more intelligent approach is needed to accommodate the increasing number of new entries, many of whom are novices to the blockchain ecosystem.
Token Enrichment Network (TEN) will address this problem. They aim to provide stable and sustainable returns to the entire Binance Smart Chain ecosystem with a long term horizon and safety of users in mind. Alongside the protocols yield farming, it will offer lending and borrowing systems with real value. If properly executed, its distinguishing feature and simplistic UI/UX will drive mass innovation and adoption.
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Incubation processes prepare gaming projects for launchpads by leveraging the opportunities offered by blockchain technology. Every launchpad on Binance Smart Chain (BSC) aims to connect with numerous communities by successfully pitching projects to target audiences and access project funding.
GAMI World is a launchpad and incubator platform that aims at achieving these goals. The protocol merges the gaming world with blockchain technology, connecting their community with leading names in the gaming and blockchain industry. In addition, leading names of gaming and crypto industries are involved in the unique gaming and finance (GameFi) launchpad as advisors, founders, and partners.
The platform's primary purpose is to provide blockchain-related know-how and technology for GameFi projects to help them reach larger audiences and raise funds to develop their projects. Therefore, the GAMI team and advisors put their effort towards creating a healthy ecosystem. In essence, they carefully choose the best promising projects to be launched by GAMI. The public sale of GAMI token will be on October 28th on their platform.
Many projects have little or no knowledge of blockchain technology in the GameFi industry, but have a gaming-based idea they want to launch. GAMI took a bold step towards addressing this issue by launching the launchpad and Incubation center. Therefore, projects without experience can leverage the platform to obtain the ideas needed to achieve desired growth in the gaming industry.
GAMI seeks to build the little shiny gaming ideas until they evolve to become top crypto gaming projects in the long run.
GAMI's core features are embedded in its incubation process, consisting of eight unique stages to develop projects in the GameFi ecosystem. The core features/incubation process include:
The token tier system on GAMI is fair for every IDO participant. Every tier has a guaranteed allocation, and the pool weights in each of them are balanced, ensuring that every user is satisfied with the number of tokens realized no matter the tier they fall into. In short, IDO participants do not have to worry about their choice of tiers because the pool weights would yield a decent amount of tokens to each and every one of them.
The token tier list includes Rare, Heroic, Epic, Legendary, and Unique:
Minimum Staking required: 300 GAMI token
Duration (Lock-in Period): 5 days
Guaranteed Pool Weight: 10x
Minimum Staking Required: 500 GAMI token
Duration (Lock-in Period): 7 days
Guaranteed Pool Weight: 20x
Minimum Staking Required: 1,000 GAMI token
Duration (Lock-in Period): 10 days
Guaranteed Pool Weight: 50x
Minimum Staking Required: 2,000 GAMI token
Duration (Lock-in Period): 15 days
Guaranteed Pool Weight: 100x
Minimum Staking Required: 9,000 GAMI token
Duration (Lock-in Period): 30 days
Guaranteed Pool Weight: 500x Plus Private Sale Access
The GAMI token public sale will commence in a few days.
Public sale participants belong to a tier according to the number of tokens they have, even though their tokens are locked. GAMI took to Twitter on October 22nd to announce the public sale and whitelist details. Users can enter the highest tier as it is still early.
“The time has arrived. The public sale of GAMI token will be on October 28th on gamiworld.io. Whitelist coming soon. IDO: October 28th. Listing: October 29th. Price: $0.1. TGE: 25% and then 25% monthly. Initial Market Cap: $253,125,” tweeted GAMI
GAMI will partner with YellowRoad and SafeLaunch, to launch the public sale on October 28th. SafeLaunch and YellowRoad are IDO platforms built on BSC.
The GAMI team is full of professionals with gaming and blockchain backgrounds who are aware of the pros and cons of the crypto ecosystem. In addition, they are well equipped to fix any problem that may arise. GAMI covers a large portion of the gaming ecosystem. The protocol focuses not just on Play-to-Earn games but also e-sport teams, gaming platforms, and influencers.
With its innovative tier system, accessibility, and guaranteed allocations, GAMI World would ensure that everyone participates in its IDO processes.
GAMI does not launch projects that they do not believe in by heart. The protocol’s goal remains to avoid projects without use-case. In essence, GAMI will not launch projects that offer nothing to the community other than providing tradeable tokens. They are entirely focused on delivering the highest quality gaming projects with real utility. Therefore, GAMI’s goal is not to launch numerous projects but to launch the right, promising projects.
To learn more about GAMI World, visit the following links:
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Meme coins are going through the roof right now and it seems as if almost everyone is in on the action. However, before FOMO takes over you, you need to know that not all meme coins are built the same. Many really are only about the hype, but some are here to stay - if not flourish - into the future.
Little Baby Doge is a meme coin that could last for a long time, given the fact that the project goes beyond the speculative mania that drives most cryptocurrencies. Apart from it being a meme coin, Little Baby Doge is also active in the fight against climate change (a global problem that needs immediate action now and in the future).
Little Baby Doge (LBD) is a hyper-deflationary cryptocurrency project with a revolutionary reward program guaranteed to offer anyone in the Dogecoin family a plethora of lucrative deals. Built on the Binance Smart Chain, Little Baby Doge will offer its holders free BNB through its token burn process. The fun doesn't stop at that; the LBD platform also comes with a lottery, a swap and farm platform, and an NFT marketplace. Not only does LBD work to empower the average Dogecoin fan, but it also fights for a noble cause which is to raise funds for protecting the environment.
According to LBD's road map, Little Baby Doge is just getting started. This stage of growth will involve partnering with social influencers to inch the project ahead and increase awareness. Plans are already set for CoinMarketCap and CoinGecko listings, not to mention promotional marketing campaigns to grow the number of holders past the 10,000 mark.
Given that all LBD holders will be able to earn up to 3% through instant auto-staking and rewards generated from daily transaction volumes, it is very possible for this coin to gain mass adoption within a short time.
LBD's strategic buyback approach is also a huge incentive in LBD’s capacity to retain value one year from now. Tokens are burned from every sale order thus discouraging whales from selling and encouraging holders to retain their diamond hands.
Add that to the noble cause of joining the fight against climate change with the partnership of influential climate change activists such as Greta Thunberg, and you have a meme coin ready for take-off to the moon.
To learn more about Little Baby Doge, visit the following links:
Token Enrichment Network (TEN) emphasizes the convenience of operation within DeFi by simplifying staking and farming with the most liquid Binance Smart Chain Liquidity Pools available. TEN platform’s rallying point will be its simplified User Interface and Experience (UI/UX).
Decentralized Finance (Defi) defines the current hype of the cryptocurrency markets. Alongside NFTs. It’s the buzzword and a concept that blew up the entire market. It opens limitless possibilities that most users are yet to grasp completely. What caused this sudden shift from the traditional way of earning, lending, and borrowing to the blockchain network’s decentralized forms could be attributed to several factors. One of these is the will to take over finance from a particular set of people who have dictated finance to the rest of the world.
The growing distrust of this select group of individuals, responsible for the meltdown a couple of times in the world’s history, comprising investment bankers and bankers of different cadres, gave rise to decentralized finance.
DeFi has grown due to its elimination of the traditional middlemen and a sharp shift from the usual way of doing business. It creates opportunities for earning, lending, and borrowing. No longer was it necessary to deal with financial institutions or the bank to get a deal done.
But, despite its brilliance and innovation, DeFi encounters challenges. Many users still bump into the problem of sophistication still present on most Defi applications. Unfortunately, Defi application users currently experience complexity with the UI/UX and transacting processes, a problem the team at Token Erinchement Network (TEN) pushes to solve.
Token Enrichment Network (TEN) emphasizes the convenience of operation within DeFi by acting as a yield optimizer/aggregator by simplifying staking and yield farming with the most liquid Binance Smart Chain Liquidity Pools available. TEN provides a robust yield-earning environment with adaptability features to adjust to the daily liquidity needs of different pools. The protocol will also introduce simplified and profit-driven lending and borrowing systems in the coming months.
Not everyone will become familiar with the DeFi application at the first instance. Robinhood, a free-trading app that allows anyone to trade stocks, options, cryptocurrencies, and exchange-traded funds (ETF) without paying commission or fees, is an excellent example of how simplicity could bring about increased users and usage.
TEN wishes to be the Robinhood for staking, yield farming, lending, and borrowing within the Decentralized Finance ecosystem while providing the high and sustainable APY most straightforwardly and safely. Like Robinhood, the TEN platform’s rallying point will be its simplified User Interface and Experience (UI/UX). This platform was created with novice users in mind. A smooth UI/UX is an essential factor that has spurred adoption these days, and TEN will be the go-to platform for all DeFi applications due to this factor.
The distinguishing feature of the TEN ecosystem will be its ease of use. All of its products and services will rally around its simplified application systems. Stake and Earning will be done in three clicks:
While unstaking is as easy as the staking, it’s also a three-click process;
Staking has two main types; traditional staking is carried out as a validator node on a Proof of Stake platform like ETH 2.0. The other form functions as a Yield Farming event, where users get rewarded for locking their coins/tokens for a specific duration. Whatever the basis, all stake events are for earning. Staking and Yield Farming are the two key components of the TEN ecosystem.
Yield Farming has the same fundamental operation as agricultural farming, both of which will mean users or farmers committing resources to a platform or soil to earn or produce. TEN will offer APY at launch, which could seem high or low depending on how users view it. From launch, the APY will be reduced at a rate of 8% daily for 30 days. For instance, if APY for Day 1 is 1200, it will be reduced by 8%; thus 1200 X 8% = 96. Day 2 will be 1200 - 96 = 1104. This will then continue to be reduced by another 8% daily for the first 30 days. The block rewards emissions were established in such a way that the TEN ecosystem will surpass the tokenomics life cycle of most other yield optimizers/farms in the Defi space. This is done to ensure stability. In short, the $TENFI liquidity pool will dictate the rate of APY via an algorithm, thereby achieving a truly decentralized system.
The introduction of $TENFI will provide increased liquidity rewards that intend to bring in high volume users to buy-in and provide support for the platform. The platform will be launching with a shortlist of high liquidity coins that can be staked for Yield Farming. Users will be able to deposit liquidity, stake, and withdraw without facing any fees on the native tokens while auto-compounding yields across its aggregator platform.
The liquidity incentives will result in inflationary pressure, hence the daily decline in APY to keep that in check. The $TENFI token rewards come on top of the LP rewards users will receive in each respective liquidity pool. This means users will be able to earn their respective LP tokens in addition to $TENFI tokens. This is an incentive model unique to TEN Finance as traditional farms solely give rewards in their native token.
As per the team’s official Medium post, new features will be added to keep the platform attractive. These costs will be supported by the 18% development contribution fees allocated from the staking rewards.
Lending and Borrowing: The TEN platform will enable premium lending features for its users over the coming months. Users get to set their own APR based on their parameters and risk tolerance with discounted borrowing features given to $TENFI holders.
The flagship product of the TEN protocol, Yieldex, is distinguished by coins/assets comprising the various pools. For instance, the super yield will have high-quality projects like BNB and BTC offering liquidity incentives. The “Bluechip Yieldex” will provide the highest APY available in the entire DeFi space, automatically sourced and advised. Lastly, TEN stable coin Yieldex will offer low-risk APY returns. The inclusion of new coins will be determined by community vote; allocation of votes will be determined by the amount of $TENFI tokens held.
Users will find the Rebalancing feature useful as it targets high-yielding pools and automatically moves funds to the best coins for each strategy. Top APYs, Stakes, or pools get funds automatically allocated, taking care of the gas costs incurred if users were to move funds themselves.
To further ensure the security of their products, the TEN team has conducted a full security audit by CertiK pre-launch to ensure user peace of mind. This audit service includes CertikShield protection for $TENFI tokens, protecting user funds. The audit was completed in Early March, well before the launch of the TEN platform. This audit will help establish the security of the protocol, but it is important to note that audits are not the holy grail of security. For those who wish to learn more about the audit and CertiK’s services refer to the following:
CertiK Security Leaderboard - Ten Finance
CertiK Project Review: A BlockChain Audit and Blockchain Security Protocol
Decentralized Finance concepts may seem brilliant and simplistic, but the approach adopted in most DeFi apps is far from its simple nature. While sophisticated, the industry has experienced bottlenecks that threaten the increased growth of the industry. Thus, a much more intelligent approach is needed to accommodate the increasing number of new entries, many of whom are novices to the blockchain ecosystem.
Token Enrichment Network (TEN) will address this problem. They aim to provide stable and sustainable returns to the entire Binance Smart Chain ecosystem with a long term horizon and safety of users in mind. Alongside the protocols yield farming, it will offer lending and borrowing systems with real value. If properly executed, its distinguishing feature and simplistic UI/UX will drive mass innovation and adoption.
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