The rebranding seeks to focus on improving privacy payments and user experience.
Welcoming ShadowFi
In anticipation of Q4 rollouts and a shift in development, fintech innovator DontKYC has rebranded to ShadowFi.
The rebrand was born out of a desire to achieve more and to recalibrate the mission and vision of the project. A ShadowFi Medium post also explained that when DontKYC was presented with a potential battle over the DKYC acronym, it made the decision simple – rebrand, refocus, reignite.
“DontKYC was initially intended to be catchy, quirky, and to the point. To fresh blood, it’s just a meaningless collection of letters. It’s not badass. It’s not cool. It’s just an acronym,” Ennio, DontKYC/ShadowFi’s Founder, wrote in a Medium post. “We now have a chance to intentionally create the mass appeal we’ve always needed. To become instantly understood at a glance. Our new opportunity is the product of a perfect storm.”
What’s New, What’s Not
The core concept of DKYC remains true for ShadowFi – contributing to the discussion surrounding financial freedom while improving anonymous online payment services. What the rebrand seeks to achieve is stripping down concepts to a digestible level as well as refining the vision of the platform. ShadowFi provides an opportunity for unique branding that doesn’t rely on established terminology.
“Consider DontKYC the proof of concept. The fully fledged prototype before the next level,” Ennio explained in the post.
ShadowFi also allows for the project to expand into ventures such as Platform-as-a-Service (PaaS) like their flagship product DPay.
Previously Existing Features
The DKYC community is by no means forgotten in the rebrand; all existing DKYC products will be renamed but still function as before, such as prepaid cards. The team has referred to the rebrand as an ‘evolution’ rather than a new project, taking the appealing elements of DKYC and building on them. Previous users will not only be supported during the transition to ShadowFi, they will also be rewarded.
The New: ShadowStrike™ LP Engine
A key element of the rebrand is the innovative ShadowStrike LP Engine. ShadowStrike detects and unlocks CAKE-LP using an algorithm, allowing for added liquidity and token burns dynamically and seamlessly.
The contract-based burn mechanism is a true deflationary tactic that reduces supply and increases token value, all inside of the LP. It essentially uses the LP’s excess to create value, eschewing an artificially inflated market cap created from LP removals.
The Way Forward
Post-rebrand, ShadowFi has big plans set for Q4 of 2022. Firstly, the public presale will take place starting August 31 on the ShadowFi presale platform.
Hard cap: 10 Million $SDF (Approx. 1,200BNB)
Soft cap: None
Max buy: 1 Million $SDF
Min buy: None
Liquidity at launch: $350,000 USD
Public trading will be opened on PancakeSwap on September 1.
Contactless Cards
Perhaps the most exciting new product from ShadowFi will be contactless cards. Set to roll out in Q4, the prepaid physical cards will allow users to pay at point of service across the world – all while keeping user information like full names, mailing addresses, and phone numbers completely private.
Where to find ShadowFi:
Source : bsc.news
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