POOLZ DeFi: USING THE BLOCKCHAIN TECHNOLOGY TO BRIDGE THE GAP BETWEEN INVESTORS AND INNOVATORS
INTRODUCTION
With the introduction of blockchain technology since a decade ago, a lot of cryptocurrency platforms have emerged with different innovations. The most trending one is decentralized finance (DeFi) protocol which mode of operation POOLZ DeFi is dependent upon.
WHAT IS DECENTRALIZED FINANCE (DeFi)?
According to wikipedia, Decentralized finance is form of peer-to-peer finance running on cryptocurrency blockchains, especially the Ethereum blockchain. DeFi is promoted as offering a very high interest rates.
ABOUT POOLZ ECOSYSTEM
POOLZ is a decentralized layer-3 swapping protocol based on DeFi infrastructure. The main aim of POOLZ DeFi is to bridge the gap between investors and project owners. POOLZ protocol is also to provide an option for immediate liquidity to promising and legit projects while providing access to exclusive swap pools to investors. POOLZ ecosystem is ready to make decentralized fundraising an equally opportunity for all.
POOLZ is built as a DAO on the ethereum protocol and its Modus Operandi is about having the community decide governance will be evolving and trending. The decision on how it will evolve is on the community.
HOW LIQUIDITY POOL WORKS
In a very traditional way, liquidity pool is provided through the process of market making. This has to do With a situation that selected player in the market with high volumes gives liquidity at a discounted rate in their favour. Although it assist in a way, but it breeds a lot of problems like monopoly in the market and custodial limitations. Unfortunately, this the method which centralized Crypto exchanges have been using.
Unlike the traditional way explained above, the POOLZ DeFi has come up with a very reliable way of making liquidity pools to rely on the automated market making that is executed by the POOLZ protocol.
ABOUT THE POOLZ TOKEN
Just like every other cryptocurrency platform, POOLZ DeFi ecosystem has their native token called POZ
Poolz is a decentralized on-chain token exchange fueled by the Poolz (POZ) token. The POOLZ project is built on the Ethereum virtual machine (EVM), thereby making POZ an ERC-20 compatible token. As the local resource of Poolz, POZ will be utilized for boost, administration, continuous task advancement, and token consumes over the Poolz organization.
ABOUT POOLZ TOKEN ALLOCATION
There is a trading reward of 37% out of the total POZ supply. About 1,850,000 POZ tokens are assigned for trading awards for liquidity suppliers, who will be taking an interest over the different trading pools on Poolz ecosystem. The trading prizes will be appropriated throughout the following a long time from dispatch. The Poolz ecosystem will deliver 185,000 POZ every year, approaching 3,577 tokens for each week. The Poolz people group may change the vesting proportion rule after the administration convention dispatch.
About 3% of the total POZ supply — 150,000 POZ — is assigned to give liquidity on outer trades like Uniswap once the token is recorded.
THE MARKING REWARD
About 35% of the total POZ Supply or 1,750,000 POZ, is dispensed as marking rewards, which will be circled as normal yearly yields (AYY) to clients who stake POZ. The marking reward tokens will be secured an openly auditable and secure Multi-Sig Wallet. Also, the prizes will be delivered in 10 yearly portions more than 10 years at a pace of 175,000 POZ per-year.
CONCLUSION:
The idea behind POOLZ platform is outstandingly unique. Bridging the gap between the investors and the owners of projects is one thing that Crypto enthusiasts has always been longing for.
Poolz is an exceptionally high-caliber and dependable cryptocurrency platform. The group was doing an astounding works adequately and actualizes everything as indicated by its course of events.
I therefore invite Crypto traders and investors to be part of POOLZ protocol as their idea is second to none.
For more enquiries, visit the following links:
Website: https://poolzdefi.com/
Whitepaper: https://docs.poolzdefi.com/whitepaper/litepaper
Medium: https://medium.com/@Poolz
Twitter: https://twitter.com/Poolz__
Telegram: https://t.me/PoolzOfficialCommunity
Telegram Announcements: https://t.me/Poolz_Announcements
Github: https://github.com/PoolzAdmin/Poolz
Discord: https://discord.gg/8REVabc
Author's information:
Bitcointalk username: Samuel4
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2176640
P.o.a: https://bitcointalk.org/index.php?topic=5280470.msg55334951#msg55334951