What Is 99DEFI.NETWORK(99DEFI) ?
99DEFI.NETWORK is a decentralized network governed entirely by 99DeFitoken holders. The governance will be handled by a DAO – or a “decentralized autonomous organization.” The ultimate mission of 99DEFI is simple: to forge a future where finance is based more on truth and less on trust. The current DeFi landscape is growing, and there is no doubt that it is ripe with massive potential. However, glaring issues still arise as the DeFi ecosystem expands and new cryptocurrency investors join the markets. 99DEFI hopes to address those issues and offer superior DeFi products for investors, token holders, and the cryptocurrency markets in general. The also hope to become the most prominent decentralized P2P network for secured loans in the world
99DEFI.NETWORK One of the most significant reasons that traders and investors have shied away from the cryptocurrency sector is obvious: the problem of centralized exchanges. While many cryptocurrency enthusiasts and investors appreciate the importance of decentralization, many of these centralized exchanges have failed repeatedly. Some exchanges have been hacked, exposing both private data and leading to investor funds being stolen.
99DEFI.NETWORK (99DEFI) Token Storage Key Points
|Circulating Supplly||7,014,000.00 99DEFI|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
Peer-To-Peer Lending And Borrowing Protocol
99DEFI.NETWORK 99Defi Protocol enables you to Borrow and lend in a safe and transparent way. The 99DEFI smart contract automatically matches borrowers and lenders and calculates interest rate based on the ratio of borrowed to supplied assets.
Earn Interest By Lending
99DEFI.NETWORK Find someone to “rent” your crypto assets on your terms. Your collateral is held safely by a smart contract as an escrow agent.
Borrow Assets To Trade
99DEFI.NETWORK In Crypto Market Get liquid assets you need without selling long‑term holdings to go short, invest into ICOs or use assets in other trades.
Claim Your Reward
99DEFI.NETWORK Earn additional 99Defi + governance token for all your supply. Contact us for more details on how to participate
Issues With The Current Global Lending Market
99DEFI.NETWORK One of the main issues that 99DEFI hopes to solve is to address the fact that there is no true global lending market. There are also various biases and politics involved with borrowing and lending that have prevented individuals and businesses from receiving loans, as well.
99DEFI.NETWORK know that many countries do not have access to the global lending market due to the fact that they may lack the infrastructure or technology necessary to capitalize on lending opportunities. These countries are often even considered higher credit risks when it comes to receiving access from international organizations and nonprofits. The 99DEFI protocol hopes to become a lending platform that can lend assets to countries that need it the most
99DEFI.NETWORK One of the most incredible things about decentralized lending is that it encourages financial inclusion. Thanks to blockchain technology, decentralized loans can be made to help those who may be financially impoverished or entrepreneurs who do not have access to financial services to start a business.
The Growth Of DeFi
99DEFI.NETWORK DeFi, otherwise known as decentralized finance, is an umbrella term meant to describe a range of blockchain-based financial applications meant to disrupt the finance sector. The sector includes stable coins, or cryptocurrencies meant to offer stability to crypto markets, lending platforms, prediction markets, blockchain- based loans, and more
99DEFI.NETWORK It is already clear that DeFi is here to stay. Compound Finance, one of the most well known DeFi platforms in the world, recently announced that they were the first platform to reach the $10 billion TVL (total value locked) milestone in the cryptocurrency sector. This is a massive development considering that the platform started out 2021 with $2 billion TVL. There are crypto analysts and experts that believe that the DeFi sector may be worth somewhere around $80 billion very soon.
99DEFI.NETWORK When it comes to contracts and loans, there are often two parties involved. They sign a contract, and a trusted financial intermediary or witness is there to legitimize the agreement. Thanks to blockchain, loans can be trustless and permissionless .With the 99DEFI protocol, parties can originate loans without having to worry about a third party. The third party here could represent an unnecessary risk or charge excessive fees for their services.
99DEFI.NETWORK can facilitate the lending of various ERC-20 tokens on platform in order to welcome new members and investors into the 99DEFI community. As the Defi sector continues to grow, believe that there will be an increased demand for trustless P2P loans. The decentralization of lending will undoubtedly help democratize finance, and it allows for loans to be trustless, transparent, and almost instant. In a fiat economy, know that your creditworthiness can drop with the result of you not paying back a loan – so what kind of consequences are faced with respectto the 99DEFI platform?