TeleFy — Worlds First Credit Score Oriented Multi Chain Defi Solution

LumBit
4 min readFeb 24, 2022

Abstract

Defi is a decentralized financial protocol that will allow people to swap, stake, and many other things easily and securely. By using the various features provided by the Defi platform, users can fulfill their financial needs faster than using traditional platforms such as banking. Users only need to connect their wallets and they can use the various features offered. This is much more practical than using the traditional platform because users don’t need to register or KYC to be able to use the Defi platform. Due to the convenience and security offered by the Defi platform today, many crypto users are using this platform for their various financial needs.

Introducing TeleFy

Seeing that the development of the Defi sector is getting more massive, TeleFy is motivated to be able to present users with a Defi platform that will provide various Defi solutions for users globally. With various features offered such as tele swap, tele lend, tele NFT, etc., this will be a Defi platform that users can rely on for their various needs. And TeleFy claims to be the world’s first credit score-oriented multi-chain DEFI solution, which will provide a credit score for crypto wallets according to determining factors such as the number of transactions, how many tokens are held, etc. Later this credit score will determine how much profit the wallet will receive such as the amount of interest, creditworthiness, etc. So in this way, users can find out how good their wallet credit score or other users are and this will later be very useful for many things.

Features

TeleFy has various features that are needed by global users. These features consist of tele swap, tele lend, tele NFT, tele score, and tele PAD.

Users will be able to enjoy the basic features of the Defi platform such as swaps or loans using TeleFy. Users will be able to swap through the provided swap platform. Later this will allow users to swap their tokens easily and quickly using the AMM protocol. And users can borrow and lend through the lending platform provided by TeleFy. Users can get attractive interest by lending their assets or users can get loans easily without the need for complicated documents.

A credit score platform is also provided to determine the creditworthiness of the crypto wallet. Later the system will automatically determine the creditworthiness of a wallet according to the specified parameters. If the user’s credit score is good, then they will get various benefits that will make it easier for them. And users also participate in the launchpad platform and invest in various crypto projects easily and securely. Later when users participate in this launchpad platform, users will be able to get the opportunity to invest in potential tokens.

And don’t forget, TeleFy also provides an NFT platform that will allow users to trade NFT tokens easily and securely. With this NFT platform, users will be able to sell or buy NFT tokens without worrying about hacking or manipulation. Users who stake their tokens will benefit through protocol fees which will be distributed automatically to staker.

Tokenomics

TELE is the native token of TeleFy which will serve as a utility token that can be obtained by users from supported exchanges. Launched using a multichain protocol, users will be able to use this token for various things they want, such as for transactions, staking, etc. TELE is a token that will have an important role on the platform, because it will be used for various things, and because it gives this token the prospect of developing in the future. So investing in this token is a good decision.

Conclusion

To sum up, many users today use the Defi platform for their various financial needs, by using the Defi platform, users can swap, lend, etc., easily and securely. And by using TeleFy, users globally can find various Defi solutions they need such as swap, lend, NFT, credit scores, and launchpad, which they will be able to use to meet their various financial needs easily and securely. And with multichain support, TeleFy will certainly be a platform with a Defi solution that users globally can rely on.

Connect

WEB: https://telefy.finance/
TELEGRAM: https://t.me/telefydefi
TWITTER: https://twitter.com/TelefyConnect
FACEBOOK: https://www.facebook.com/Telefy-104998872116794

Writer

BTT Username: lumbanrang
Telegram: @lumbanrang

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LumBit

“The Federal Reserve simply does not have authority to supervise or regulate Bitcoin in any way.”