Decentralized finance rapidly gained popularity among investors due to its many advantages. There are numerous Defi platforms, and developers are adding new ones daily. However, forbitspace stands out among those projects thanks to its interesting features. It is an aggregator protocol that allows traders to use a single interface to gain access to various financial tools. forbitspace is also exploring new aggregation approaches to cope with the unconnected liquidity that decentralized exchanges are notorious for.
The company plans to launch its native utility token on April 6, 2022. 300,000,000 FBS will be available for purchase. That is 3% of the total supply. The token price will be $0.099000 during the ICO sale. The platform will accept USDT, USDC, BUSD, BNB, ETH, AVAX, and MATIC in exchange.
forbitspace team uses Spaceflight algorithm smart order routing to split a single transaction into several orders across multiple DEXs. It also routes orders by allowing crypto investors and traders to tap deep liquidity and benefit from higher prices. And the company offers low cost and efficiency along with great service.
Forbitspace boasts many exciting features. Among them are: Aggregation Protocol, which unites decentralized applications across disparate blockchains. In addition, it unites liquidity across chains and makes it possible to transact in, out, and across disparate networks with ease; Liquidity Protocol, which enables a trader to provide liquidity to pools, as well as collect extra rewards in FBS tokens for participating in liquidity mining programs; Limit Order Protocol – according to the team, a limit order places a specific price that a trader or investor wants to buy or sell at. The platform only executes the trade if the market hits that price.
What about other features?
There is also Derivative Protocol. The latter allows users to create custom assets by using forward-looking features of locking the price in, along with the ability to either buy or sell an asset. Besides, forbitspace Dapp is built on decentralized crypto. Thus, customers can apply self-custody of their crypto in the main forbitspace app.
On the other hand, Space DAO utilizes blockchain-based tokens to represent voting rights. But only token holders will be able to participate in network governance. As the native utility token, FBS has several functions. Its owners can use the tokens to vote on network governance proposals in futures protocol, as well as exchange parameters and protocol upgrades via a DAO structure.
Moreover, this protocol incorporates a liquidity mining scheme and distributes a fixed number of FBS tokens. The company will also utilize FBS as an alternative to stablecoins as margin and collateral for forbitspace’s derivatives markets. In some futures markets, customers can use FBS for collateral backing or insurance pool staking. In this case, stakes can even earn interest on their locked tokens.
The team also announced that the exchange platform fee would undergo an on-chain buy-back-and-burn event to accrue value for FBS after the relayer reward distribution. FBS token holders will be able to participate in an auction with options such as Dutch & Batch auction, Crowdsale, Flyby IDO launchpad – a multi-chain platform, and NFTs Space.
Who are the forbitspace’s founders?
Mr. Baroda Hoang founded forbitspace. Before entering the crypto space, he was an expert in market research and marketing. He’s also been involved in the digital asset ecosystem since 2016, working with and advising a variety of blockchain projects.
However, Hoang saw a huge demand for the Blockchain space, especially the decentralized financial market, when he participated in some blockchain events in the Asian market. That’s one of the reasons he decided to start forbitspace.
Mr. Menard Quinosa is the platform’s co-founder. He is a financial strategist, analyst, fund manager, and currency trader. Quinosa has more than nine years of experience in the financial market. He also participated in multiple trading and cryptocurrency events in Dubai, Vietnam, Thailand, Singapore, and Hongkong.
To assure customers of the project’s usability and security, the forbitspace team brought in CertiK. The latter is a cybersecurity firm founded by Yale professors. It will audit forbitspace’s code and activate CertiK Skynet, which is an on-chain security and data insights platform, providing 24/7 monitoring of smart contracts.
Hacken will also participate in the audit of the forbitspace protocol to bring investors the most possible secured trading space. Considering that it is one of the leading crypto audit companies, it is a good choice to guarantee the platform’s security.
NeoNomad Finance’s token NNI is trending. Why’s that?
NeoNomad Finance is one of the first decentralized ecosystems aiming to bridge the gap between real world-assets, traditional finance, and Defi on Solana. It is an all-inclusive, integrated ecosystem. Besides, NeoNomad Finance plans to provide diverse Defi services and tools under one roof. Some of these services include DEX, asset-backed NFTs, and integrated payments services. On the DEX, NeoNomad provides lending, staking, and yield farming, among other services.
The company will launch its native token, NNI, on April 6, 2022. 1,111,111 tokens will be available during the initial coin offering. That is 0.5599999999999999% of the total supply. The price will be $0.045000 per NNI. The team aims to raise $50,000 with the sale, and it will accept USDT in exchange.
NeoNomad is the first cryptocurrency ecosystem worldwide that combines several services for a more financially inclusive world. By incorporating a decentralized exchange, an NFT marketplace, and NomadPay, NeoNomad sets itself apart from competitors in the Defi space. This platform offers a diverse array of services to enable customers to reach their financial goals as they desire.
The company will provide its users with various unique products multi-chain DEX that allow users to easily buy, sell and swap tokens across Ethereum, Solana, and BSC. The platform also offers the lowest transaction fees possible in order to provide traders with the best service. Token holders will be able to stake liquidity to earn rewards, as well as start yield farming to multiply their holdings. They will even earn liquidity provider (LP) tokens as a reward for adding crypto assets to a liquidity pool.
NeoNomad’s goal is to provide a more inclusive Defi ecosystem to facilitate financial stability, as well as allow the sustainable growth of wealth for all.
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