Decentralized finance is one of the largest industry verticals for blockchain and crypto. Unfortunately, it remains a relatively inaccessible industry for those unfamiliar with the jargon and tools. TIDEFI will change this narrative for the better through its one-stop solution application for desktop and mobile.
Improving access to decentralized finance
There are many reasons people are excited about decentralized finance. It is an industry where cryptocurrency assets can be used in a variety of ways. This allows asset owners to explore passive revenue streams by providing liquidity, staking, yield farming, or otherwise. However, getting into the space remains a high hurdle as users – depending on the device type – need different types of software to access everything.
TIDEFI offers a more elegant solution through its unique platform and ecosystem. It is a project to strengthen financial inclusion and user empowerment. It also introduces new features that would otherwise be inaccessible in the decentralized world. A good example are limit orders via the decentralized exchange TIDEFI.
TIDEFI Co-Founder and CEO Daniel Elsawey states:
“Looking at the industry over the past few years, particularly in the exchange space, we wanted to build a secure DEX that leverages the price discovery and speed of a CEX while giving the user complete control over their funds. Combined with on-chain interoperability, we’re excited to offer a transparent ecosystem for our community to participate in.
Things are coming together quickly as TIDEFI nears 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 launched later in 2022. This unified experience will prove crucial in onboarding millions of new users while benefitting 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. This equates to 32% of the supply minted at Genesis, with 40% paid into the community coffers. A transparent approach to bring sufficient liquidity into the token and the Sunrise pool from day one.
TIDEFI raised £2.5 million in seed round funding. The project includes a team of 20 members dedicated to its code and ecosystem. Additionally, TIDEFI wants the world to know that a complex crypto project doesn’t always require ICOs, VC funding, or unsustainable business models. Instead, the team wants to deliver ongoing value through utility.
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