DAOSWAP PLATFORM

 DAOSWAP PLATFORM

DAOSWAP PLATFORM

Banks hold a significant amount of power in today’s world. In 2015, following the recession, the five largest banks in the US controlled nearly 45% of the industry’s total assets. Today, typical consumers need bank approval for everything from getting a car loan to making everyday transactions.

 

At the same time, today’s banking system sometimes overlooks people in the modern economy: a recent survey by the FDIC found that 25% of American households are unbanked or underbanked; worldwide, that number rises to 69% of households. We see a need within the marketplace to embrace the power of decentralized finance and empower users to take greater control of their identity and finances.

 

Consumer data is also insecure when held by a large central authority. Just this year, Capital One faced a hacker attack that exposed the personal data of over 100 million people and included 140,000 stolen Social Security numbers and 80,000 bank account numbers in the process. Keeping your personal information in one centrally-held location significantly increases your risk; but despite this, users are asked to hand over their identity daily.

Financial institutions today are challenged with meeting consumers’ high expectations for fast and convenient digital banking processes, while also needing to mitigate fraud and comply with increasingly stringent regulatory requirements, as explained in Payments Journal. As such, banks are thinking more carefully than ever about compliant storage of personally identifiable information (PII) as they release more convenient financial products to busy, on-the-go customers.

 

There’s also a better way to make payments. It’s clear that banks have room to grow when it comes to better servicing consumers: there are inefficiencies in the way payments are made, and many worthy consumers are left without access to loans. Decentralized finance can alleviate the pain point waiting for a corporate entity to complete a transaction while taking a fee in the process. Civic believes there is a new way to make payments as the financial institutions formalize their digital transformation strategies. We believe the future of financial services is decentralized.

 

This represents a new phase in the development of financial contract services with the main character of transparency and openness that will bring financial inclusion forward. Now lets learn new project in DeFi world its called DaoSwap, ultimate aim of DAOswap is to put your crypto assets to work and generate the most returns possible on those assets.

 

crypto in DAOswap?
Decentralized
In the case of central investment or finance systems, governance is done by a single entity. Such systems are not transparent. DAOswap on the other hand is decentralized and operates based on distributed ledger technology. The entire network is transparent and the yield farmers are accounted for every single penny they put in.

 

No Middleman
The investments in DAOswap do not involve any intermediaries or third-party payment processors. The application is based on the Peer-to-Peer (P2P) technology. This enhances transparency and anonymity.

 

Secure
The decentralized application (DApp) is built on the Ethereum blockchain. Every single transaction is recorded on the blocks. The blocks are actually thousands of computers present across the globe. The copy of your transaction detail will be in every node and there is no way it could have tampered.

 

Automated
The yield farmers are rewarded based on smart contracts. Smart contracts are nothing but a piece of code written on the Ethereum blockchain that determines the regulations on which the return has to be provided. With the integration of smart contracts, there is no place for human intervention in DAOswap.

 

If earning is important, investing your hard-earned money is more important. Putting your money in proper liquidity pools like DAOswap will help you earn good returns on your investments.

 

Though there are some traditional investment systems that give you the right trading signals at the right time,the processor procedure they follow is not fair enough. They involve third parties and allow them to access your assets. The entire process is not transparent. The investor is not given a proper account for the investment made through his money. There is a number of factors that hinder people from investing in traditional finance or investment systems.

 

DAOswap allows you to have control over your own assets. The traditional investment system promises you to provide full control over the assets you hold, but in reality, they deviate. Many new-age investment firms and banks failed to keep up their words.

 

The ultimate aim of DAOswap is to provide you control over your assets and DAOswap will never fail to do so as it is based on the blockchain technology, making it a decentralized investment system that is transparent. The products of DAOswap use open-source protocols that allow trading through decentralized exchanges. These products will give you a faster and secure investment experience.

 

They aim to take off the fruits of decentralized finance to everyone in the world. Literally anyone can trade, store, and invest in DAOswap as the Ethereum blockchain keeps your assets transparent and secured.

DAOswap lets you earn a huge return when compared to the traditional investment schemes. In traditional or centralized investment firms, there will be third parties accessing or handling your assets. This is the major drawback of centralized investment firms. They do not offer transparency for the investors and are not accountable for the funds invested.

 

Since DAOswap is a decentralized platform, there are no intermediaries handling your assets. Thus you have complete control over your assets. You will be accounted for what DAOswap does with your money and every single transaction is recorded in a public shared ledger(Ethereum Blockchain).

by this link below:

Website: https://daoswap.app
Telegram Group: https://t.me/daoswap_chat
Telegram Channel : https://t.me/daoswap_announcements
Medium: https://medium.com/@daoswap2021
Reddit: https://www.reddit.com/user/daoswap2021
Author: https://bitcointalk.org/index.php?action=profile;u=2688240