What Is Then Node (THE)?
The Node Over the past few months, decentralized finance has grown tremendously in the blockchain industry. Creating a whole new experience in Fintech. The trend gave rise to companies offering various financial products such as lending, staking, savings, etc DeFi is built to encompass all the advantages of a financial institution without any intermediaries which are predominant in centralized financial institutions.
Intermediaries such as banks, insurances are now being operated by the powerhouse known as a smart contract Smart contracts refer to applications that are stored on a Then Node and executed in parallel by a large set of validators. The code and the agreements contained within exist across a distributed, decentralized blockchain network.
This allows for a large variety of novel applications and flourishing ecosystems. DeFi still is a niche market with relatively low volumes, however, DeFi applications seek to fulfill the services found in traditional financial institutions but with a different approach and its completely permission less, global, and transparent.
Also, they can store cryptocurrency assets and assuming the role of a custodian, with entirely customizable settings that define how, when, and to whom these assets can be released.
Then Node Storage Key Points
|Coin Name||Then Node|
|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|
The average traditional bank products is streamlined to fit specific customers, cutting out others from tapping into the benefits associated with such financial products. Most Traditional banking systems offer zero interest rates on savings accounts, not to mention how difficult it is for users to exploit other financial services that fit their needs. This is a result of the restrictions associated with the global financial system.
Binance Smart Chain
Even though DeFi has captured a large portion of assets in the crypto market, there is still a huge market that is still left. Less than 3% of the total crypto market capitalization still have their assets outside the DeFi environment. Some of the reasons for this low patronage are attributed to inefficient cross-chain interoperability. Then Node smart chain (BSC) was launched to match the exponential revolution made possible by the introduction of DeFi.
BSC has offered developers and the entire crypto community a new way of interacting with the industry, providing enhanced cross-chain interoperability that increases DeFi interoperability, increased smart contract support, and cheap transaction Then Node Smart Chain is built with a double chain architecture, which makes it feasible for users to enjoy the smooth transferring of assets from one blockchain to another.
Interoperability is one of the key characteristics held in high regard by the heralds of DeFi, and Then Node Smart Chain is at the forefront of making this
become a reality. Since its introduction in April 2020, the BSC community has experienced a rise in the demand for its technology, ushering in a new era in the blockchain community. With the introduction of Proof of Stack Authority (PoSA) the entire crypto space will benefit from an all-new high-performance system offered by BSC.
The Node Ecosystem
The investment and savings niche is usually affected by the volatility of the market, hence the need for Then Node to utilize the token burn system. A token burn is a strategy that many cryptocurrency projects use to influence the price of their token. The Phoenix ecosystem will burn 1% of their token distribution while applying a burn fee that will be controlled and adjusted to control the price. These measures will help create a stable ecosystem, financially viable, that will meet the demand of users.
A stable economy will boost the viability of the ecosystem. When the price of Then Node increases, the percentage of the burn fee will increase as well, increasing the deflation, helping the price while giving Phoenix an edge over competitors. Also when the price of PNIX decreases, the percentage of the burn fee will decrease, increasing the yield distribution towards token holders to help cover the losses.