Press release. DEFIS concept.

Grimm
1 min readApr 12, 2020

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The XGM team announces a change in the concept of the GRIMM project. DEFIS is a system of decentralized financial services for investors in the cryptocurrency market. The project allows you to invest any crypto-assets using the usual tools of traditional finance and provides the safety of investments. DEFIS is based on its own, specialized blockchain platform, with unique technologies to date scaling smart contracts and ensuring their privacy and security at the level of cryptographic primitives.

The main areas of DEFIS commercialization are:

  • XGM base cryptocurrency. It’s an integral unit of account in the ecosystem.
  • Custom Assetchain Assets (CAA)
  • Personalized Assetchain Debt Contract (PADC) allow the contract creator to take a collateralized loan against locked amount in the PADC. Each PADC is unique and owns by creators. Contract ownership is transferable.
  • Own decentralized exchange (DEX)
  • Own cross-platform exchange (XCX)

DEFIS solves fundamental problems in the market of centralized and decentralized finance. You can find all the up-to-date information about the DEFIS project on the grimmw.com website

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