DeFi is a new banking and financial services vision based on peer-to-peer payments powered by blockchain technology. DeFi enables “trust-less banking” by bypassing traditional financial intermediaries such as brokers and banks.
The FTX Token (FTT)
The FTX Token (FTT) is the utility token for the large international crypto derivatives exchange, FTX, which has garnered a lot of interest even up to this point. Customers of FTX may use the token to save money and receive interest. You do not have to be an FTX user to acquire FTT; it is a good store of value. FTX’s inception began in May 2019, being created by Sam Bankman-Fried, an American entrepreneur who has had experience in trading international ETFs at property training firm Jane Street Capital. Furthermore, the FTX Token has multi-chain compatibility, which allows the token to be run under several notable blockchains such as Binance, Bitfinex, Huobi Global and AscendEX.
Polygon (MATIC) is a cryptocurrency with the symbol MATIC, as well as a technological platform that connects and scales blockchain networks. MATIC is an ERC-20 token that is used to regulate, secure, and pay network transaction fees on the Polygon network. The Polygon platform connects Ether-based projects by utilising the Ethereum network. Its uniqueness comes from focusing on decreasing the complexity of instant blockchain transactions and scalability – which is mainly done through the proof of stake (PoS) mechanism. Proof of stake allows the verification of new cryptocurrencies to take place, permitting token holders to stake coins and create validator notes.
Sanzooz Finance (SZFT)
Sanzooz Finance (SZFT) is a decentralised asset issuance system built on the Ethereum ecosystem. These fabricated assets will be collateralized by the Sanzooz Network Token (SZFT), which, when locked in a contract, allows for the fabrication of artificial assets. Sanzooz has carefully considered the potential hazards and developed a risk mitigation approach to protect the investors’ assets.
Sanzooz Finance has many distinct features that could potentially be responsible for solidifying themselves in the crypto market. One of these features is known as an ‘option’, which allows a holder of an asset to trade that asset at a predetermined strike price and future date. The option vendor receives a premium for the transaction, but the asset must be traded at the agreed-upon cost and date. Options can profit from cost security in an asset, benefit from unpredictability in any path, or benefit from cost security in a cost. The Sanzooz (SZFT) option method will use one Ethereum Smart Contract for each type of option. A type refers to a set of input boundaries that includes the base token, quote token, strike cost, and lapse date.
Still, in its experimental stage, Sanzooz Finance needs both empirical and theoretical observations. Empirical and theoretical analysis guarantee that the mechanism is built in such a way that the incentives of all stakeholders are aligned. The majority of cryptocurrency players are aware of the danger; the values of most crypto assets are heavily associated with those of Bitcoin and/or Ethereum. This implies that major price changes in the SZFT token may occur for causes unrelated to SZFT or the Sanzooz Finance system.
Several aspects of the system will also be centralised. This choice was made to ensure the efficiency of the project. The pervasive usage of proxy contracts across the design demonstrates centralised control. This ensures that the system can be quickly changed, but it also provides the technical team some control, which requires user confidence. While these functionalities will be taken down gradually, understanding the risks associated with the existing system design is crucial.
DeFi still has a long road to travel before it reaches the final point of total mass adoption. FTX Token (FTT) and Polygon (MATIC) are both driving demands, being valued higher with the massive utility they offer their ecosystem. Sanzooz Finance (SZFT) is following this path and it is believed a similar price action will follow this token upon its release.
More information on Sanzooz Finance (SZFT):
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