Decentralized finance is one of the biggest industry verticals on blockchain and crypto. Unfortunately, it remains a relatively inaccessible industry for those not familiar with the jargon and tools TIDEFI will change that narrative for the better through its one-stop-solution application for desktop and mobile.
Improving Access to Decentralized Finance
There are many reasons why people get excited about decentralized finance. It is an industry where one can put cryptocurrency assets to use in various ways. Doing so enables asset holders to explore passive revenue streams by providing liquidity, staking, yield farming, or otherwise. However, entering the space remains a steep hurdle, as users need various types of software – depending on device type – to access everything.
TIDEFI offers a more elegant solution through its unique platform and ecosystem. It is a project designed to strengthen financial inclusion and user empowerment. Additionally, it introduces new functionality one wouldn’t access otherwise in the decentralized world. A good example is limit orders through the TIDEFI decentralized exchange.
TIDEFI Co-founder and CEO Daniel Elsawey explains:
“Looking at the industry over the last couple years, specifically in the exchange space, we wanted to build a secure DEX that leveraged the price discovery and speed of a CEX, whilst giving the user complete control of their funds. Combining this with chain agnostic interoperability, we are excited to offer a transparent ecosystem for our community to participate in.
Things come together quickly as TIDEFI approaches its mainnet launch and DEX app distribution. The application is compatible with all major desktop operating systems. A native Android and iOS client with a unified experience and interface will launch later in 2022. That unified experience will prove crucial in onboarding millions of new users while also benefiting existing crypto holders.
TDFY Token Distribution
A crucial aspect of the mainnet and DEX app launch is the distribution of TDFY tokens. A total of 320 million TDFY will be issued to community members through the TDFY Sunrise Pool. That represents 32% of the supply minted at Genesis, with 40% deposited into the community treasury. A transparent approach to bring sufficient liquidity to the token and the Sunrise Pool from day one.
TIDEFI netted 2.5 million GBP in seed round funding. The project spans a team of 20 members dedicated to its code and ecosystem. Moreover, TIDEFI wants to let the world know a complex crypto project doesn’t always require ICOs, VC funding, or unsustainable business models. Instead, the team wants to deliver continuous value through utility.