Decentralized finance is one of the largest verticals in the blockchain and crypto industry. Unfortunately, it remains a relatively inaccessible industry to those unfamiliar with the jargon and tools TIDEFI will change that narrative for the better with its one stop solution app for desktop and mobile.
Improve access to decentralized financing
There are many reasons why people are excited about decentralized finance. It is an industry where cryptocurrency assets can be used in various ways. In doing so, asset holders can explore passive income streams by providing liquidity, holdings, yield farming or otherwise. However, getting into the space remains a big hurdle, as users need various types of software, depending on the type of device, 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. In addition, it introduces new functionality that would not otherwise be accessed in the decentralized world. A good example is limit orders using the TIDEFI decentralized exchange.
TIDEFI co-founder and CEO Daniel Elsawey explains:
“Looking at the industry over the past couple of years, specifically in the exchange space, we wanted to build a secure DEX that leveraged the price discovery and speed of a CEX, while giving the user complete control over their funds .Combining this with chain-agnostic interoperability, we are excited to provide a transparent ecosystem for our community to participate in.
Things are coming together quickly as TIDEFI approaches the mainnet launch and distribution of the DEX app. The application is compatible with all major desktop operating systems. A native Android and iOS client with a unified experience and interface will be released later in 2022. This unified experience will be crucial to onboarding millions of new users, while benefiting existing cryptocurrency holders.
Distribution of TDFY tokens
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. This 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 Sunrise Pool from day one.
TIDEFI raised GBP 2.5 million in seed round funding. The project encompasses a team of 20 members dedicated to its code and ecosystem. In addition, TIDEFI wants to let the world know that a complex crypto project does not always require ICO, venture capital funding or unsustainable business models. Instead, the team wants to deliver ongoing value through utility.