What is DeFi(Decentralized Finance)?
Decentralized Finance, or DeFi, are pieces of open-source technologies that aim to improve on different aspects of the current financial system through the introduction of a decentralized layer in order to cancel intermediary rent-seeking middlemen. There are also other lending offerings develop in the DeFi world and we are seeing things like hedging, shorting, derivatives, and more, all built on a decentralized platform where there are no intermediaries, no clearinghouses, and the need for trusted third parties is much less, sometimes not at all.
Here is a detailed video explaining DeFi:
https://www.youtube.com/watch?v=CCPl1t-QgTs
What is financial Product?
In traditional finance world, financial products refer to instruments that help you save, invest, get insurance or get a mortgage. These are issued by various banks, financial institutions, stock brokerages, insurance providers, credit card agencies and government sponsored entities. Financial products are categorized in terms of their type or underlying asset class, volatility, risk and return.
In Crypto World, Financial product is built on top of blockchain through blockchain layers. Without middleperson, centralized prestigious institution, DeFi offers lower entry barrier, sometimes higher return. In volatile cryptocurrency market, DeFi give those lower risk user a chance to invest and profit.
Axonomy and DeFi：
Axonomy is a blockchain investment community, in our newest Axonomy 2.0 — Sharing Bonus In Blockchain Application Industry. We always seek to provide community top-tier projects, lower entry barrier for all internet users. The Axonomy 2.0 is coming soon and we’re always committed to bringing more promising blockchain projects and maximizing the choice and freedom for token holders and users of blockchain networks.
Axonomy is launching the newest APP very soon with a new added column dedicated to DeFi. We will continue to introduce DeFi related product for you to choose from where we would filter out low credit project in which you don’t need to spend much time looking into information’s and whitepaper to find the project interested.
The first product to unveil on Axonomy 2.0 is BHD.
- BHD is a new type of crypto currency based on Proof of Capacity； uses an upgraded version of cPOC mining (Conditioned Proof of Capacity), with a perfect economic model and consensus algorithm; uses hard disk as the participant of consensus, which reduces power consumption; mining lowers the entry barriers, and makes the coin generation process more decentralized, secure and reliable; Compared with POW mining, cPOC mining saves energy, consumes much less power, has lower noise, no heat, and is anti-ASIC. cPOC-mining-based BHD can realize the original intention of Satoshi Nakamoto — — everyone can become a miner; Lowered the cost of credit, increased the strength and breadth of consensus, and improved the security of the consensus architecture (from BHD official website)
BHD Cloud Mining is a DeFi ( decentralized finance) financial product launched by Axonomy in conjunction with BHD ecosystem. Users only need to pay USDT to purchase (lease) standardized hard drive capacity to mine low cost BHD. The wealth management service is provided by BPool, and daily reward is related to the difficulty of BHD mining.
They use low-cost power resources to build a reliable capacity server room, so that users do not have to face complicated hardware installation, software debugging and hardware maintenance. By purchasing standardized capacity, user can enjoy mining revenue. The partner will bear the cost of the capacity server and own the capacity server.
You are buying computing power, which help you generate more BHD( $31)
Presale time: TBA
Please note：
When the product redeems the repayment of the principal is not guaranteed. There is a certain amount of principal risk, and the capital value of units in the fund can fluctuate and the price of units can go down as well as up and is not guaranteed.
