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Blockchain has created much more innovations and miracles than any other industry in its history of just 10 years. Both bitcoin as Blockchain 1.0 and Ethereum as Blockchain 2.0 have given birth to legends beyond imagination. What makes for a legend is not only technological advancement and a soar in wealth of a founding team, but also blockchain’s wealth effect that benefits the general public, a remarkable feat impossible to achieve in any other traditional industry.
Currently, blockchain projects of varying quality have proliferated everywhere, so it’s a top priority for both professional investment institutions and average investors to identify high-quality projects and ultimately boost wealth growth. This article tries to explain, from multiple perspectives, why YFX is a worthy project and what investment value it has.
YFX, the abbreviation for YFX.Finance, is a multichain-supporting decentralized oracle service network, which provides reliable data input and scientific research-related computing power for blockchain extension by searching through and validating data of the real world and delivering encrypted information to smart contracts. Simply put, YFX, which involves DeFi, oracle and DAO, is applicable to a wide range of scenarios including: (1) decentralized automated insurance claim processing, encryption of stablecoin and loans, decentralized games and quizzes, the blockchain computing market and cross-chain decentralized exchanges; (2) search and validation of the real world’s data and transfer of encrypted information to smart contracts; (3) the DAO governance mechanism, which determines full decentralization of a system.
Next, this article will detail the investment value of YFX by listing its 10 major advantages.
No.1 Advantage: DeFi is bound to be the largest scenario for blockchain.
DeFi, the abbreviation for Decentralized Finance, generally refers to decentralized apps (DApps) composed of Ethereum-based financial smart contracts. DeFi is intended to build a decentralized, trustless financial system, which provides services such as lending, decentralized exchanges, investment and stablecoin. The YFX system, used for all types of financial assets, will upend the centralized financial model. Therefore, YFX will have enormous potential even beyond imagination in the future digital world.
No. 2 Advantage: YFX adopts the TLSNotary technology to provide oracle service.
Currently, we are at a turning point in the combination of blockchain and the real business world, entailing a blockchain project that can meet various business needs. The major obstacle that is weakening blockchain’s support for large-scale commercial applications is its failure to satisfy needs of complex business scenarios, especially its inability to connect smart contracts and DApps on it with external data. YFX, powered by the TLSNotary technology, facilitates the connection. It conveys acquired data to the blockchain and ensures data consistency between the source and the destination. Users can fetch the data, with no intervention in selection of information sources and no impact on their accuracy. Therefore, YFX is fully applicable to games, stablecoin and loans.
YFX has a series of open and fair rules. It ensures all the rules can be enforced through mutual review between multiple DAO nodes and every other DAO node. YFX can run by itself, without need of human intervention or management, so it is fully autonomous.
No. 4 Advantage: YFX’s code has passed a Quantstamp security audit.
As the first ever smart contract security audit protocol in the world, Quantstamp creates a scalable, cost-effective system for an audit of all smart contracts on the Ethereum network to make them safer. The fact that YFX code has passed a Quantstamp audit is an eloquent testimony to YFX’s technology security.
No. 5 Advantage: YFX’s perfect token governance mechanism.
YEX tokens are completely and automatically executed by smart contracts and DAO. 850, 000 YFX tokens come from global IUO conversion mining, 50, 000 from decentralized liquidity mining, 50, 000 from market maker liquidity mining, and 50, 000 from investment institutions. Moreover, 1.1 million have been destroyed by oracles. YFX tokens amount to 2.1 million, with no additional issuance evermore.
No. 6 Advantage: IUO was made in the world’s largest DEX, Uniswap.
Uniswap rules out DEX data dump. Meanwhile, it has initiated AMM, which guarantees continued growth as long as you buy. This means that you are certain to benefit from YFX as long as you become a liquidity market maker.
No. 7 Advantage: Everyone can participate in YFX liquidity pledge mining.
Liquidity pledge mining is automatically performed by YFX’s smart contracts, with an open capital pool that increases every user’s enthusiasm for mining and activates every user’s value creation.
No. 8 Advantage: The North American worthy project YFX, backed by top investment institutions, has enough credit endorsements.
YFX’s earliest investors include DCG (Digital Currency Group), Union Square Ventures and LuneX Ventures, three of the most prestigious investment institutions in the world. They wil help YFX go global.
No. 9 Advantage: YFX’s DAO has more than one million fans around the world.
YFX boasts a total of over one million fans across North America, South America and Asia and on mainstream social media such as Facebook, Twitter, LinkedIn, Pinterest, Instagram, Youtube, Snapchat and Whatsapp.
No. 10 Advantage: YFX is going to launch its Qiong Qi plan worldwide.
The Qiong Qi plan is designed to give 100 million people worldwide access to YFX. In view of the rarity of YFX, it is bound to highly sought-after.
Compared with the likes of LINK and NEST, YFX – which has been tapping blockchain for three years – is like a diligent student who sits in one corner of the classroom, burying her head in books. She shouldn’t be neglected or even ignored just because she is plain, unconventional yet eager to enter Harvard University. In fact, she is on the right track. When she succeeds at last, she will outshine many others.
In my opinion, YFX will become the most disruptive innovation and biggest black horse in the blockchain industry. Moreover, I believe blockchain’s future, which lies in technology application and business innovation, also belongs to YFX.
