One problem still rears its head: the complexity of usage, especially to the traditional users out there —a problem Kesef Finance is set to solve.
What is Kesef Finance?
Kesef Finance is the multichain DeFi based platform that will implement Polkadot, Ethereum, and Binance Smart Chain—providing users with multi choice use of different protocols with variable utilities, fast and cheap transactions.
The platform integrates the typical farming and staking features and adopts an app-first approach that allows users to farm, earn, store, and spend their token in crypto without swapping first to fiat. The platform aims to be the one-stop platform where users can carry out all their needs efficiently and simply.
DeFi components of Yield Farming and Staking
The critical component of the Kesef Finance platform is centered around ease of usage targeting the non-crypto community. The project is poised to promote mass adoption of the blockchain by enabling an easy use approach, unlike what is currently obtained in other DeF platforms.
By integrating multi chain capabilities, the platform has offered users the most needed use case – faster transaction and cheap fees. Both blockchain protocols of Polkadot and BSC have been known to allow speedy transactions with affordable fees. By integrating with these networks, users will be able to carry out transactions without the hassles of a slow or failed network.
With the introduction of ETH 2.0 in the future, the platform will achieve more interoperability across chains and cheap fees within all three chains. Multichain integration will form the basis of all other features found in Kesef Finance as the upcoming launch on BSC is planned for June.
It is a non-argument that we do the most things with our mobile devices daily in today’s world. Due to this, Kesef protocol has the Kesef Mobile App as the central point of the entire ecosystem.
The app will allow for swapping of 3000+ cryptos through Dex Platforms like Uniswap and PancakeSwap. Kesef delivers this sought after app since it promotes ease and convenience for users directly from their phone
Not only will trading be allowed on the app, but all other Kesef Functions will go through the app first; this includes managing Kesef cards, Fiat deposit and withdrawals, customer support, and a lot more. The platform adopts a mobile-first approach which means users will need just one app on their mobile to dive into the entire DeFi industry.
Kesef Finance takes care of all the complexities associated with farming – a lucrative aspect of the DeFi movement ; users can access the most intuitive and advanced farming mechanism on the blockchain through an intuitive UX. Across pools and chains.
For advanced users, they can farm on multiple pools on different DeFi products from the Kesef App. While for beginners, the Kesef app’s advanced algorithm does the dirty work. The platform will implement an auto farm system; thus, users can simply connect to the pool and allow Kesef to take care of the staking in higher yield pools.
How does it work? The algorithm is structured to detect high yield APYs and sends users funds without any complexity involved. That way, users are assured of high yield and lucrative APYs at all times.
Kesef Debit Card:
Kesef debit card is a zero fee card for users that will allow the purchase of goods and services directly with crypto without first converting to fiat. The card will come in two types; virtual and physical, both available to users. The debit card will function like a regular card and will be available for ATM usage worldwide at no extra costs.
Connect to Dex platforms like Uniswap and PancakeSwap right on your mobile app while Kesef takes off the complexity associated with swapping on these platforms. Connecting wallets and downloading wallet extensions might prove cumbersome to newbies without prior experience. By making use of the Kesef Mobile App, all of these complexities are handled already. All you need to do is to focus on your returns and trades.
Kesef Finance Platform Updates
Kesef has recently sealed a partnership collaboration with Ares Protocol, the intelligent, cross-chain Oracle-based protocol powered by Polkadot providing safe and reliable data for the DeFi platform.
The partnership will enable some ground-breaking ramifications in Kesef’s operations to add Polkadot integration, gathering credible and compelling data for future upgrades.
KSF is Kesef platforms’ native token; it’s the governance token that gives rights to the holders in the platform decision-making process.
Users will be able to mine on launch.
Cross-chain compatibility will be achieved through the token
The initial stage will last for four weeks, or precisely 864,000 blocks
4% Fee for deposit and no withdrawal fees
Fees collected will be used to buy back and burn the KSF token, effectively making KSF a deflationary token.
Total Supply – 25 MILLION KSF
Liquidity Mining – 10 Million KSF
Initial Supply – 15 Million KSF
Private sale – 2 Million KSF
Presale – 6 Million KSF
Marketing Treasury – 1 Million KSF
Team Tokens ( Locked for three months ) – 1 Million KSF
Bug Bounties – 1 Million KSF
Exchange Market Maker Tokens – 1 Million KSF
Launch ( May – June 2021 )
Token Fair Launch on ETH
Token Migrate and Bridge BSC-ETH
Listing on Bilaxy
Listing on Uniswap
Apply for Listings on Coinmarketcap, Coingecko, DappRadar, BscScan, Livecoinwatch, etc.
Make a professional and attractive design.
Sky Farming (Stake KSF to earn BUSD and BNB) – 14 to 21 days after launch
Listed on Coinmarketcap.
Open first launch pool with a partner
Get Certik listing
Kesef App ( Launch July 2021)
Kesef Pools integration
Kesef Card ( Q4 2021 )
Kesef Finance Company Registration
Kesef Legal and Compliance Officers
A more significant number of the May-June roadmap plans have been achieved. The token has been first deployed on ETH chain, and now a planned bridge to BSC is coming next month. A lot of partnerships are coming next month. The team will launch Kesef App with Uniswap and PancakeSwap Dexes integration plus pool integration in two months. In Q4, the team plans to launch the Kesef Card with the finance company registration and the addition of Legal and Compliance officers.
Complexity is a known problem that affects the mass adoption of the blockchain. A lot of projects have attempted to make the protocol simple. Still, many aren’t realizing how much importance mobile applications have played in people’s lives that make life easier. Kesef Finance Mobile App’s first approach will promote saving, earning, storage, and protocol used in the most convenient and easy-to-use manner.
Overall it is vital to proceed with caution when purchasing tokens that have just been listed. For those who have not already read our articles on safety in the BSC it is crucial to reference the following items, HERE and HERE.
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Source : bsc.news
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