Bitlocus: Leveraging the Power of DeFi and CeFi to Maximize Your Returns
With a market cap of over $2.5 trillion USD, cryptocurrency has been working its way into mainstream finance. In fact, the US just announced the first-ever Bitcoin ETF, an astounding victory for decentralized finance (DeFi).
But even with a large market cap and the attention of investors, developers, and governments, we’ve only just seen the beginning of what DeFi has to offer. Fortunately, this provides the opportunity to get in on the ground level of something that could potentially revolutionize countless industries and markets.
While this might seem like a pipe dream, this innovation is taking place right now. Decentralized borrowing and lending platforms, flash loans for immediate trade leverage, and automated market makers (AMMs) are just a few of the incredible things DeFi has to offer.
However, these functionalities and platforms don’t come without risk. Like anything new, there are bound to be inherent risks and issues. As it stands, the DeFi space allows almost anyone to develop and publish decentralized apps (DApps), as well as their own cryptocurrency. While this has promoted the creation of incredible tools, it has also given rise to scams and rugpulls (rogue developers that take your money and run away).
That’s where Bitlocus comes in. Bitlocus is a CeDeFi platform based on the Terra blockchain. The platform combines the benefits of centralized finance (CeFi) with the exciting features and functionality of DeFi. This makes it easier AND safer for investors to gain exposure to DeFi without putting their money at serious risk.
The problems with investing in CeFi and DeFi
Centralized exchanges (CEXs) are the primary way most investors and traders interact with cryptocurrency. However, these exchanges are limited in their offerings and tend to only focus on cryptocurrency trading. While this is a big part of decentralized finance, it doesn’t allow direct investment into the true innovation of DeFi — decentralized applications (DApps).
To invest in the DeFi ecosystem, users typically use CEXs to purchase cryptocurrency with FIAT currencies. Then, those tokens are sent to a wallet to be swapped for another cryptocurrency at a decentralized exchange. Finally, customers can utilize their tokens with the DApp or platform of their choice. The entire process typically takes a lot of time while containing numerous fees and potential risks.
The Bitlocus solution
The Bitlocus Fiat — DeFi Investment Platform is a complete investment ecosystem that allows end-users to invest fiat assets into DeFi space easily, securely, and at a low cost.
Advantageous and practical applications
Bitlocus offers considerable advantages over using other Defi solutions:
- Limited risk potential — Bitlocus thoroughly vets all investment options.
- Avoids mishaps — Completely removes the possibility that funds are misallocated or sent to the wrong wallet.
- Reduced fees — Avoids the many different transaction fees (Bitlocus only charges a small fee for the initial investment).
- Simplified and friendly UI — Bitlocus is designed to be intuitive and easy to use, no matter the experience level.
Bitlocus accomplishes all of this by using a hybrid of CeFi and DeFi. On the one hand, you have many of the positive aspects of a centralized exchange. On the other hand, integrating with the Terra blockchain offers the many benefits of DeFi, including the integration of the native Bitlocus cryptocurrency, BTL.
Target audience
Bitlocus is specifically tailored to target FIAT investors who want to invest in the DeFi ecosystem effortlessly, low-risk, and significantly lower cost.
Implementation
The platform will be built on an existing centralized exchange known as Bitlocus CEX, established in 2018. It is fully AML and KYC-compliant and has a few fiat deposit/withdrawal options. In addition, Bitlocus is in partnership with Payrico, a crypto-friendly banking service (EMI, Electronic Money Institution; licensed in Lithuania, EU) and Ginger Fund (crypto-oriented hedge fund and liquidity provider).
Introducing the BTL Token
The BTL token is a deflationary cryptocurrency with a total supply of 500,000,000. It operates as the fuel of the Bitlocus ecosystem: Investors can use it to pay reduced fees, earn rewards, and even provide access to VIP services. BTL offers quite a few incentives to hold and invest in the token, including:
- Staking — BTL can be staked to generate additional BTL tokens and earn an ROI.
- Airdrops — BTL holders can qualify for certain airdrop events, meaning there are opportunities to earn other cryptocurrencies.
- Discounted fees — Fees are discounted when paid with BTL
- Additional services and features — Certain Bitlocus features will be accessible to BTL holders once they reach a certain threshold.
- And many more.
The all-in-one CeDeFi solution for institutional and retail traders
Bitlocus is designed to be the only platform you need to invest in the DeFi space, no matter your skill or experience. In addition, investors can choose from a wide variety of vetted investment options with a range of risk levels.
The platform combines the best of both CeFi and DeFi to offer a secure investment service with low fees and excellent accessibility. Even the BTL token provides a perfect investment choice, so investors don’t have to go far to find potential ROIs. So take advantage of the Bitlocus ecosystem and see how you can participate in the incredible world of decentralized finance!
