Decentralised finance, or DeFi, is a revolutionary concept that has taken the world of finance by storm. DeFi is a system that is based on distributed ledger technology, such as blockchain, and is designed to provide financial services to individuals, businesses, and institutions without the need for a centralized intermediary.
DeFi ( The Decentralized Finance ) is becoming increasingly popular due to its potential to revolutionize the traditional system. By eliminating the need for a centralized intermediary, DeFi is considered to be more secure, transparent and efficient. Additionally, DeFi is often cheaper than traditional financial services, and can provide access to a wider range of financial services and products.
DeFi is based on the concept of smart contracts, which are computer protocols that facilitate, verify and enforce the performance of a contract. Smart contracts are self-executing and provide a secure for transactions. This means that all transactions are verified and recorded on a public ledger, without the need for a centralized intermediary.
Our $NFTL crypto currency is precisely a token governed by a DEFI protocol on the Binance smart chain. It is a DEFI (Decentralized Finance) community token that distributes rewards to all holders. Almost all transactions of the $NFTL token are subject to a tax. This tax is distributed directly to the holders as a reward and a part of it is destroyed to increase the value of the $NFTL Token by rarity. All this is done automatically.
We wanted to give a governance faculty to the $NFTL token. Thus, just as shareholders would do, it is possible to vote with the $NFTL token to decide the % of tax that will be applied each year. It is a community and democratic token.
DeFi has the potential to revolutionize the financial system by providing access to financial services for those who are traditionally excluded from the traditional system. Additionally, DeFi has the potential to increase financial inclusion by providing access to financial services in the world.