Beagle Finance | Sophisticated DeFi Ecosystem For Everyone
Access to banking, lending or trading is currently managed by a centralized system that is traditionally operated, This means that everyone needs to deal with a number of financial intermediaries when they want access to everything from loans, stocks, trades and bonds or even their own assets. This centralized traditional system makes the system very vulnerable to being monopolized because there are few ways for consumers to directly access financial services. The Centralized System requires everyone to go through intermediaries such as banks which of course costs a lot of time and money. In a centralized system, when someone will make a transaction in a conventional checking account, the transaction will be recorded in a personal ledger where the history of the banking transaction will be managed by large financial institutions or governments that are vulnerable to manipulation. Blockchain eliminates this with a public ledger that is decentralized and distributed on a public network where financial transactions will be recorded in sophisticated computer code where anyone can access their funds without the need to go through a centralized intermediary and One of the innovations in the Blockchain market that is changing this flow is DeFi or Decentralized Finance and it is a centralized financial system that eliminates the role of centralized intermediaries and allows everyone to make transactions via Peer-To-Peer (P2P) exchanges. DeFI maximizes the potential of Blockchain which is transformed into various kinds of financial transactions that are initially simple to be used for more complex finances. Beagle Finance is a unique DeFi Ecosystem that offers the future of a community-driven financial system.
What is Beagle Finance?
Beagle Finance is an open access Financial ecosystem that leverages Blockchain technology to create a tokenized and decentralized form of currency to enable a smart infrastructure built around a fully decentralized digital economy Driven by the community via Blockchain Technology. Beagle Finance Offers a variety of unique and innovative new concepts in the economic sector that enable complex financial processes similar to traditional financial markets only through a very unique decentralized technology. Beagle Finance offers a fully Community-Driven DeFi concept with a DeFi ecosystem managed by its own community where each contributor has the right to vote for the development of the platform through the Governance System.
The protocol they designed provides a unique platform that allows various different income streams, especially for tangible assets owned by its users. Through Blockchain Technology Beagle Finance tries to change the centralized system to be fully Decentralized with access for everyone, Creating a transparent future financial system. The Beagle Finance ecosystem offers various unique features such as DEX which allows paying fees in native currency and Swap which allows instant swap processes at real time rates. Beagle Finance created an innovative new system built on the Binance Smart Chain Network so that the costs and time needed to be spent are very low and become a bridge for traditional financial systems to enter the Blockchain market. For more details about Beagle Finance Ecosystem, you can read more detail on their whitepaper here; https://beagles.finance/
Innovative Concept
The algorithm used in the Beagle Finance Protocol is very sophisticated and unique, a system that implements 3 basic functions on DeFi, namely Reflect, Acquisition and Burn which are used for each transaction. This provides a new concept for the long term that provides impetus for the market to keep its value stable. Each transaction will be subject to a 10% tax fee which will be distributed to the holders as well as liquidity injection from Native Currency, Creating a new financial system that is fully community driven. Beagle Finance creates a new ecosystem that benefits everyone and introduces a new, more innovative DeFi system for the long term.
What is BEFI?
BeFi is the native currency that will be used in the Beagle Finance ecosystem, This is a form of currency that is tokenized via Blockchain Technology, Using the Binance Smart chain makes it cheaper and faster than Ethereum and the implementation of smart contracts that allow various transaction processes automatically and transparently, Makes it easy complex financial processes without the need for a centralized intermediary. This token is designed for the long term with a Tax system for each transaction that is returned to its holders as well as replenishing liquidity which creates a fully community driven ecosystem. Holders also get passive income from different income streams in one ecosystem and the Burn mechanism also keeps the token value intact.
DeFi Growth
Blockchain technology introduces various new innovations such as DeFi or Decentralized Finance which is one of the booming trends in the global market with a new concept of decentralized finance that is very innovative and continues to grow along with increasing use. DeFi makes Everyone start to realize the power of Blockchain technology and through DeFi introduces complex banking systems on traditional which are implemented with Blockchain Technology in a more unique way, As of this writing, Total DeFi Market Size has exceeded $40 Billion and this value has increased 3x over the previous few years when DeFi was not widely known. This market value will continue to grow with various new innovations in the market. Beagle Finance is one of the new innovations in the DeFi Market that introduces a new system that is more innovative and benefits all users in the ecosystem, Redefining the future of the fully community driven DeFi Protocol.
Conclusion
DeFi or Decentralized Finance is one of the innovations in the Global market through Blockchain technology which has great potential with a large market size and continues to increase 3x compared to several years before and its users continue to grow, Unfortunately lack of innovation makes this market stuck and therefore Beagle Finance offers a new DeFi system to all its users with sophisticated Smart Contracts as well as a tax system that maintains ecosystem value through a unique protocol that provides maximum transparency. Beagle Finance also offers secure tokens at a fee of 10% of every transaction on the public network which is partially distributed to each holder and this ensures that demand will continue to grow over time with a loyal and solid community.
I think that's enough for now, dont forget to follow & upvote for more content about new potential projects, I will provide some links related to Beagle Finance Ecosystem Below. Thank you very much!
Website: https://beagles.finance/
Twitter: https://twitter.com/beaglefinanceHQ
Telegram: https://t.me/Beaglefinance
Facebook: https://www.facebook.com/beaglefinanceHQ
Whitepaper: https://beaglefinance.gitbook.io/beagle-finance//
Authored By: Odina Bayramova
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