T-Fi is a relatively new phenomenon within the cryptocurrency space and stands for true finance. It’s a new concept by BOSAGORA, who are trying to address the issues that exist with DeFi, which in their view is narrow. T-Fi can be used in the real economy and, once launched, will allow users to enjoy the benefits of finance linked to various real-life economies, including stock and real estate funds.
The connection is made through BOA, the platform’s utility token that can be staked, and the user gets a confirmation reward. Additionally, if you agree to lend the staked BOA, you will get additional profits since the project invests your funds in various real-world economic areas. Interestingly you get to decide which part of the economy you would like your BOA to be invested in.
Other benefits of staking BOA are the ability to run a node within the BOSAGORA ecosystem and becoming a member of the congress network – tasked with making decisions. By staking your BOA and operating nodes on the blockchain, you contribute to creating blocks that earn you a confirmation reward. The BOSAGORA whitepaper indicates that you need at least 40,000 BOA or more to operate a node.
Making The World A Better Place
BOSAGORA aims to make the world a better place using blockchain technology. To achieve this goal, it has set out two main objectives; to use cryptocurrency to contribute to safer and more convenient financial services, and the other is to contribute to Sustainable Development Goals (SDG), which happen to be humanity goals set by the United Nations. It’s a huge goal for an ambitious project that boasts transparency, fairness, and publicness as its core values.
Through T-Fi, the project combines blockchain with the traditional economy where BOA token users can invest in various traditional economies and get stable and high returns. As mentioned earlier, T-Fi solves the shortcomings of DeFi, such as not being universal. Also, its revenue-generating mechanisms are complex and challenging to access for the average Joe.
Additionally, DeFi is prone to abuse by certain individuals. As the space continues to grow, there is a risk of being exploited by a group of individuals who can take advantage of bugs, low liquidity, and many other vulnerabilities the sector is prone to. BOSAGORA overcomes these issues by pursuing a broader concept with a focus on guaranteed fairness and public inclusion.
The T-Fi structure is impossible to manipulate by bad actors, unlike DeFi, and boasts the general public’s inclusivity to profit from the real economy they are aware of. One asset class BOSAGORA really wants to help individuals benefit from is stocks. The project plans to operate lent assets through FMway after striking a deal last November. FMway becomes the latest partner of the project and boasts a data-based stock picking algorithm that covers stock markets in 12 countries.
How To Participate
There are three ways to participate in T-Fi. The first is by receiving BOA confirmation rewards by running a node. The project’s white paper states that by staking more than 40,000 BOAs and running nodes on the blockchain, users can expect to get returns of more than 37% in the first year. If the amount seems too high, don’t panic since you can receive rewards through the BOA Node Operations Service.
The second way is by staking your tokens to earn fixed returns and thirdly using BOA tokens to participate in STOs such as that of FMway and make profits from your investment.
The project has already integrated with Chainlink to determine fair staking returns from FMway. The BOA staking will happen on Chainlink’s Price Oracle to issue a fiat loan backed by BOA tokens that can be invested into FMway. Chainlink’s oracles will be used to calculate profits made from FMway investments as well as to convert the profits back into BOA tokens which will be distributed to investors as staking rewards.
Earlier this month, BOA was listed on KuCoin, one of the leading crypto exchanges worldwide.
According to current projections, the lending products with one-year maturity will be launched within the first half of this year. And the service of operating nodes as an agency will be launched in the second half. T-Fi labs will start receiving participants on February 22 on its website.
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