BitNest is a decentralised financial (DeFi) platform based on blockchain technology, aiming to build a transparent, accessible and inclusive distributed digital world system. It enables a decentralised peer-to-peer economic circulation model that securely meets the needs of global users and institutions for zero-risk capital circulation, lending, and rotating savings.
BitNest’s core objective is to democratise financial services and make them more accessible to a global audience without the need for traditional banking infrastructure. This is achieved through a set of decentralised applications (DApp) running on the Ether blockchain, ensuring that all transactions are secure and immutable.
BitNest’s offering is centred around Mellion Coin, the platform’s native cryptocurrency that facilitates a variety of transactions within the ecosystem, including fee payments, rewards and governance voting. Mellion Coin is the backbone of BitNest’s transaction flow, enabling fast and low-cost transactions.
The platform is uniquely structured to support the robust DeFi ecosystem with the following features:
BitNest Loop: a decentralised lending protocol that allows users to lend cryptocurrencies or accept loans, thereby enhancing liquidity and capital efficiency in the ecosystem.
BitNest Savings: a feature that allows users to earn interest on their digital assets, similar to traditional savings accounts in the DeFi space.
BitNest Lending: a secured lending option that allows users to use their crypto assets as collateral for loans, thus facilitating credit even without a traditional credit score.
BitNest DAO: a decentralised autonomous organisation that empowers Mellion Coin holders to influence decisions regarding the development, operation and upgrading of the platform through a democratic voting system.
Overall, BitNest is more than just a platform, it is a movement to shift control of financial services from centralised institutions to the people, promoting financial inclusion and financial empowerment on a global scale. By combining cutting-edge blockchain technology with a user-friendly interface, BitNest ensures that everyone, anywhere, has access to its financial tools through an internet connection.
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