Handle Ico Review: Borrow in Your Local Currency

Handle Ico Review: Borrow in Your Local Currency

About Handle Ico

Handle Ico is a decentralised multi currency stablecoin protocol. The handle protocol allows users to create (borrow) multi-currency stablecoins; called fxTokens. fxTokens are collateral backed stablecoins representing, and soft pegged to, a range of currencies. users create fxTokens by depositing eligible collateral, as defined by the protocol governance process. initial rollout is targeted for fxTokens representing Australian Dollar (fxAUD), Japanese Yen (fxJPY), Korean Won (fxKRW), Chinese Renminbi (fxCNY), and Singapore Dollar (fxSGD).

Blockv Key Information

KeyPoints
Token NameHandle Ico
Total Supply420,000,000 FOREX
TGE Allocation21,000,000 FOREX
Min Price0.000037 ETH
Max Price0.000056 ETH
contribution capTBD ETH
Protocol Reward 41%
LangugaeEnglish
Support24/7
Team & Advisor22%
WhitepaperClick Here For View Whitepaper
WebsiteClick Here For Visit ICO Homepage

the opportunity

Global currency exchange presents a huge opportunity for defi.

on average, $6.6 trillion trades every day (1) in the worldwide foreign exchange market, with 2020 volumes in the vicinity of $2.409 quadrillionđź’±.

the USD is the global reserve asset and as the world of decentralised finance(defi) has grown, there has been a proliferation of USD backed stablecoins, trading volumes in excess of $30Bn per day (2).

up to this point there has however been very little exploration or issuance of other representative decentralised stablecoin currencies.

many defi participants wish to gain access to alternate currency exposure for hedging, speculation, and maybe even for payments.

The handle.fi Token Generation Event (TGE) is coming!

The TGE for the global defi FX protocol is on its way. 21st september, 2021 #troopersunite921.

Event start

Event starts 21st sep 2021. up to a maximum 5% of the total supply will be available.

Contributions accepted

The contract will accept ETH contributions for up to 42h or until max. contribution amount reached.

Event close

no more ETH contributions accepted. users will receive $FOREX prorata their % of the entire ETH contributed.

claim $FOREX

participants can claim allocated FOREX.

$FOREX at a glance..

FOREX is the governance token of the handle protocol. it will be distributed as a reward for protocol accretive actions by participants and will allow holders to contribute to platform governance.

Supply

420m FOREX will be minted across an initial 182 week period; followed by a 2.1% annual terminal inflation rate.

distribution

FOREX is distributed across protocol rewards, partners, team, and the community TGE. See below for details.

distribution

FOREX is distributed across protocol rewards, partners, team, and the community TGE. See below for details.

contributions

TGE contributions will be used to support protocol and community growth and FOREX and fxToken liquidity.

Borrow in your local currency

Mint multi-currency stablecoins, called fxTokens, across a range of alternate currencies – fxAUD, fxCNY, fxKRW and more. borrow in your local currency, removing FX risk and making accounting simpler.

Earn from providing protocol liquidity

stake fxTokens across trading & liquidation keeper pools to provide protocol liquidity.earn trading and liquidation fees and $FOREX rewards.

Convert between stablecoin currencies

settle trades in your native currency, convert between non USD currency pairs, ETH and DAI amd much more. easily gain access to alternate currency exposure for hedging, speculation & payments.

Redeem fxTokens for collateral

fxToken holders can redeem at 1:1 for protocol collateral, earning arbitrage profit & rewards and help to maintain fxToken peg & protocol stability.

multi-collateral

optimise utility and capital efficiency of your assets & reduce liquidation risk through our defi first multi-collateral vaults.

Collateral optimisation

The protocol controlled treasury program, ensures your collateral is put to work generating additional returns.

Efficient liquidations

keeper pool based partial vault liquidations ensure only required amounts of collateral are sold to maintain c-Ratios.

$FOREX governed

the protocol token, $FOREX, underpins governance & rewards and serves as a mechanism for further underwriting ecosystem stability.

Benefits & use cases

use cases include:

  • settle trades in your local currency, removing foreign currency risks.
  • ​borrow against your crypto assets in your local currency, reducing conversion fees and foreign currency risks.
  • ​convert between multi currency stablecoins efficiently.
  • ​earn rewards for liquidity provision in trading and keeper pools in your local currency.
  • earn arbitrage profit from 1:1 redemptions.
  • with introduction of L2 technology and leveraged products, speculate on foreign exchange movements.

key benefits of handle.fi fxTokens include:

  • multi-collateral vaults;
    • capital efficiency.
    • decreased liquidation probabilities.
    • make use of more of your assets.
  • 1:1 redemption facility helps ensure fxTokens maintain their peg value.
  • protocol fxKeeper pools ensure efficient liquidations to maintain system collateralisation.
  • partial vault liquidations ensure users don’t forfeit more collateral than is required to maintain their debt positions.
  • protocol controlled treasury generates additional returns on your staked collateral.
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