Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, Paypal, etc.). The blockchain is the technological basis for all cryptocurrencies, whether Bitcoin, Ethereum, Hyperledger, etc.
An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant's database). It basically defines the conditions to which all parties using the contract agreement. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.
Now, with the emergence of DeFi (decentralized finance), a world of financial instruments is opening up, accessible, open and without permissions for anyone with a cell phone or a computer connected to the Internet. It is a movement that takes advantage of decentralized networks to transform old financial products into transparent protocols that work without intermediaries. There is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.
Moving on, the project I'm going to present you is Ferox Advisors (https://www.feroxadvisors.com), a trading advisory firm that manages derivatives accounts for proprietary trading and for external clients with a focus on absolute returns.
In more detail, Ferox Advisors company (https://www.feroxadvisors.com) is a trading firm that has been able to not only invent but also improve key derivative strategies for some of the world's most profitable proprietary traders. So far, the annual return offered has been over 30% and we intend to continue on this path.
How does it work?
The idea is simple, to setup with the platform, the investor opens a proprietary or company account with a reputable derivatives broker where a trading authorization is accepted to Ferox Advisors to share the profits between the investor and the Ferox company on a regular basis.
Ferox Advisor's platform operates through liquidity pools. These are pools of tokens that are locked into the smart contract. The platform's native token is FRX. The demand for FRX Coins will increase with the development of Ferox Advisors Ltd. Thus, Ferox Advisors is not just a hedge fund company, but provides token hedge funds called FRX Tokens. With this combination, Forex Advisor Alpha Hedge Fund provides a decentralized token hedge fund with productivity capabilities and the benefits of the DeFi ecosystem.
Basic utilities and features
- Private companies: FRX is an open platform for anyone who wants to join and invest in it individually or for company owners with which they can benefit from returns of up to 300% per annum, intraday trading, low-cost fee systems, among others.
- Derivatives: Investors can make secured derivative deposits, guaranteeing the purchase and sale of tokens on the exchange.
- Managed accounts: The FRX platform also helps to augment the business of other companies and individuals by creating profitable strategies for investors and traders.
The project gives the opportunity to earn FRX tokens performing some social media tasks and doing simple steps from the bounty program explained into the following Bitcointalk Thread here (https://bitcointalk.org/index.php?topic=5328577.0), where you can access the link in order to see what are the conditions to become an early Ferox contributor and start acquiring tokens.
For more information about the project, you can visit and read their WhitePaper available here (FeroxAdvisors_WP). You can also stay tuned in their official Telegram Channel (https://t.me/FRXalpha). I hope you liked the post and soon I'll send you new ones.
Circulating Supply: 700,000,000 FRX
Social Media Links
Bitcointalk username: adriaparcerisas
Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=1870482
Tron wallet: TPK1U2GFBNP8ppEiRy4Nu6vJPMafjJ8xxP
Bitcointalk Proof of Authentication link: #594