What is DeFinity?
DeFinity is a decentralised DeFi exchange, specialised in trading traditional and digital FX via smart contracts, with a focus to provide real-time settlement and clearing for spot FX trading.
Bridging the power of decentralisation with a traditional broker and liquidity provider community, it is specifically tailored and geared towards the future support of CBDC’s (central bank digital currencies) and decentralised financial services for FX.
DEFX token
DeFinity has created a utility token to allow network and crypto participants to benefit from the future of Decentralised FX.
The DEFX Token services three major use cases: protocol governance and future-proofing the DEFX community, staking and network participation, as well as providing a means to support future services.
Ÿ Governance
The DEFX token was introduced to make the exchange and protocols as decentralised as possible. The governance mechanism of the token will allow token holders to vote on major events and decisions of the future of the exchange and protocol, benefiting the wider community and the nature of the decentralised services.
Ÿ Staking and Trading
Staking and participation fees are a central element of the decentralised exchange and protocol. As a network provider and participant, you can select an institutional and retail pool (both traditional and digital FX) and stake your tokens against the trading pairs and receive 0.25% of the network fees from within the trading pair pool and generated via the network and protocol. Since 16th July, the staking feature has been available to participants offering rewards of up to 12% APR passive income. Download DeFinity’s Clarity app to start staking here.
Ÿ Rewards
Additional rewards are available to token holders. These include trading fee reductions for both Clarity and Clarity Pro, as well as referral programmes for network sign-ups and sign-ins. Additional incentives include usage and promotion of the API’s and integration services.
Key features
Fully decentralised exchange with automated bridge and swap mechanisms across multiple popular blockchain environments.
Hybrid on-chain order book combined with automated market making algorithms. This allows for reduced slippage and impermanent loss across traditional FX, stable coins, and future central bank digital currencies.
Built-in KYC and AML features, which allow the user to utilise existing popular wallets and ensure maximum encryption and privacy levels.
Institutional liquidity pools, which allow traders to stake and pool amongst a variety of FX asset classes (both digital and traditional).
About BitMart
BitMart Exchange is a premier global digital assets trading platform with over 5 million users worldwide and ranked among the top crypto exchanges on CoinMarketCap. BitMart currently offers 370+ trading pairs with one of the lowest trading fees in the market. To learn more about BitMart, visit their website, follow their Twitter, or join their Telegram for more updated news and promotions. Download BitMart App to trade anytime, anywhere.
About DeFinity
DeFinity is a decentralised DeFi exchange, specialised in trading traditional and digital FX via smart contracts, with a focus to provide real-time settlement and clearing for spot FX trading. To learn more about DeFinity, please visit their website, follow their Twitter and join their Telegram.
